Quote

The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.

Paul Krugman

Change background

T
T
T

Change font

TAGS & TOPICS

Paul Krugman
Age: 71
Born: 1953
Born: February 28
Blogger
Columnist
Economist
Essayist
Journalist
Pundit
University Teacher
Writer
Albany
New York
Paul Robin Krugman
Paul R Krugman
Debt
Danger
Pay
Happens
Real
Time
Forced
People
Lots
Decide

More quotes by Paul Krugman

Image
The raw fact is that every successful example of economic development this past century ... has taken place via globalization.
Paul Krugman
Image
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.
Paul Krugman
Image
Bad ideas flourish because they are in the interest of powerful groups.
Paul Krugman
Image
The federal government is basically an insurance company with an army.
Paul Krugman
Image
Are you, or is someone you know, a gadget freak? If so, you doubtless know that Wednesday was iPhone 5 day, the day Apple unveiled its latest way for people to avoid actually speaking to or even looking at whoever they're with.
Paul Krugman
Image
Every once in a while I feel despair over the fate of the planet. If you’ve been following climate science, you know what I mean: the sense that we’re hurtling toward catastrophe but nobody wants to hear about it or do anything to avert it.
Paul Krugman
Image
The trouble with poverty, as an issue, is that it has basically exhausted the patience of the general public.
Paul Krugman
Image
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.
Paul Krugman
Image
Tax cuts were not going to be effective at creating jobs, and the job creation record is lousy.
Paul Krugman
Image
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.
Paul Krugman
Image
as an economics professor I am by nature inclined to the view that the truth isn't out there, it's in here - that usually you learn a lot more by thinking really hard about the data than you do by sniffing around for supposedly inside information.
Paul Krugman
Image
But where will the Fed find another bubble?
Paul Krugman
Image
Close the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you cannot keep unsound financial institutions operating simply because they provide jobs.
Paul Krugman
Image
And when the chickens that didn't hatch come home to roost, we will rue the day when, misled by sloppy accounting and rosy scenarios, we gave away the national nest egg.
Paul Krugman
Image
If you want to understand opposition to climate action, follow the money.
Paul Krugman
Image
I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.
Paul Krugman
Image
When stock prices are rising, it's called ''momentum investing'' when they are falling, it's called ''panic.''
Paul Krugman
Image
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.
Paul Krugman
Image
Anyone who thinks that the last 80 years, ever since FDR took us off gold, have been a doomed venture, that strikes me as kind of cranky.
Paul Krugman
Image
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.
Paul Krugman