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Seven habits that help produce the anything-but-efficient markets that rule the world. 1. Think short term. 2. Be greedy. 3. Believe in the greater fool 4. Run with the herd. 5. Overgeneralize 6. Be trendy 7. Play with other people's money

Paul Krugman

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Paul Krugman
Age: 71
Born: 1953
Born: February 28
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I think Stockman is an interesting sort of amalgam.
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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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Many people ... prefer to describe themselves as progressives rather than liberals. To some extent that's a response to the decades-long propaganda campaign conducted by movement conservatives, which has been quite successful in making Americans disdain the word liberal but much less successful in reducing support for liberal policies.
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The federal government is basically an insurance company with an army.
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I have friends, political scientists, sociologists, who all share an interest at least in certain kinds of science fiction.
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We're living in a Dark Age of macroeconomics. Remember, what defined the Dark Ages wasn’t the fact that they were primitive — the Bronze Age was primitive, too. What made the Dark Ages dark was the fact that so much knowledge had been lost, that so much known to the Greeks and Romans had been forgotten by the barbarian kingdoms that followed.
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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 science fiction world has a lot of people doing seriously imaginative thinking.
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We should try to create the society each of us would want if we didn't know in advance who we'd be.
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On the political as on the economic front it's important not to fall into the not as bad as trap. High unemployment isn't O.K. just because it hasn't hit 1933 levels ominous political trends shouldn’t be dismissed just because there’s no Hitler in sight.
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