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The goal in the end is not to win elections. The goal is to change society.

Paul Krugman

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Paul Krugman
Age: 71
Born: 1953
Born: February 28
Blogger
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Economist
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Albany
New York
Paul Robin Krugman
Paul R Krugman
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More quotes by Paul Krugman

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The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.
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I think Stockman is an interesting sort of amalgam.
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Default is not in our stars, but in ourselves.
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When the Fed decides that inflation is too high, they have the tools, and they've shown historically that they have the will, to bring it down. And, it might be painful.
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Economists don't usually make good speculators, because they think too much.
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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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When stock prices are rising, it's called ''momentum investing'' when they are falling, it's called ''panic.''
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If you can create even the illusion of high profitability for a few years, then when the thing collapses you can walk out of the wreckage a very rich man.
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The raw fact is that every successful example of economic development this past century ... has taken place via globalization.
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Economics is not a morality play.
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As I've often said, you can shop online and find whatever you're looking for, but bookstores are where you find what you weren't looking for.
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Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the undesirable side effect of raising the natural rate of unemployment.
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There are no atheists in foxholes and there are no libertarians in financial crises.
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So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment.
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Bad ideas flourish because they are in the interest of powerful groups.
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Unsustainable situations usually go on longer than most economists think possible. But they always end, and when they do, it's often painful.
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The science fiction world has a lot of people doing seriously imaginative thinking.
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For most Americans, economic growth is a spectator sport.
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Something terrible has happened to the soul of the Republican Party. We've gone from bad economic doctrine. We've even gone beyond selfishness and special interests. At this point we're talking about a state of mind that takes positive glee in inflicting further suffering upon the already miserable.
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America's political landscape is infested with many zombie ideas - beliefs about policy that have been repeatedly refuted with evidence and analysis but refuse to die. The most prominent zombie is the insistence that low taxes on rich people are the key to prosperity.
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