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The habit of disguising ideology as expertise has created a deficit of legitimacy.
Paul Krugman
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Paul Krugman
Age: 71
Born: 1953
Born: February 28
Blogger
Columnist
Economist
Essayist
Journalist
Pundit
University Teacher
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Albany
New York
Paul Robin Krugman
Paul R Krugman
Ideology
Created
Habit
Disguising
Legitimacy
Expertise
Deficit
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Tax cuts were not going to be effective at creating jobs, and the job creation record is lousy.
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The science fiction world has a lot of people doing seriously imaginative thinking.
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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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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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Politics determines who has the power, not who has the truth.
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Can we break the machine that is imposing right-wing radicalism on the United States? The scariest part is that the media is part of that machine.
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When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly.
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By rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact, has made another crisis more likely.
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The public has no idea that the deficit has been falling like a stone.
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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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It’s not about the budget it’s about the power...So will the attack on unions succeed? I don’t know. But anyone who cares about retaining government of the people by the people should hope that it doesn’t.
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Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the real economy has immense downward momentum. In addition to financial rescues, we need major stimulus programs.
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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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Republican candidates had to appeal to their base, which is by and large elderly white people arguing with empty chairs.
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I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.
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The federal government is basically an insurance company with an army.
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There's one thing that the Fed has been really good at cracking down on, and that's inflation.
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Our grandfathers lived in a world of largely self-sufficient, inward-looking national economies - but our great-great grandfathers lived, as we do, in a world of large-scale international trade and investment, a world destroyed by nationalism.
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Economics is not a morality play.
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