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The trouble with poverty, as an issue, is that it has basically exhausted the patience of the general public.

Paul Krugman

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Paul Krugman
Age: 71
Born: 1953
Born: February 28
Blogger
Columnist
Economist
Essayist
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Albany
New York
Paul Robin Krugman
Paul R Krugman
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General
Poverty
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Trouble
Public
Exhausted
Patience
Basically

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The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.
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There are no atheists in foxholes and there are no libertarians in financial crises.
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I think Stockman is an interesting sort of amalgam.
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It's a funny thing, by the way, how people who love free markets are also quite sure that they know that investors are being irrational.
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The problem with digital books is that you can always find what you are looking for but you need to go to a bookstore to find what you weren't looking for.
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The great thing about fiscal policy is that it has a direct impact and doesn't require you to bind the hands of future policymakers.
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...instead it seems that business - like weight loss - is a subject wherein hope and fear inspire limitless gullibility.
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The important thing to understand is that the case for pollution control isn't based on some kind of aesthetic distaste for industrial society. Pollution does real, measurable damage, especially to human health.
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However, the fact that an economist offers a theoretical analysis does not and should not automatically command respect. What is needed is some assurance that the analysis is actually relevant.
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