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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.
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
Hope
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Budget
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Budgets
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Unions
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Anyone
More quotes by Paul Krugman
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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The key reason executives are paid so much now is that they appoint the members of the corporate board that determines their compensation and control many of the perks that board members count on. So it's not the invisible hand of the market that leads to those monumental executive incomes it's the invisible handshake in the boardroom.
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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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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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The French, unfortunately, actually believe what they say, and that has been very destructive.
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I think Stockman is an interesting sort of amalgam.
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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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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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The raw fact is that every successful example of economic development this past century ... has taken place via globalization.
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The United States in particular and the West in general should be feeling a little embarrassed about all that lecturing we did to the Third World.
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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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I believe that the only important structural obstacles to world prosperity are the obsolete doctrines that clutter the minds of men.
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If you want to understand opposition to climate action, follow the money.
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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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The public has no idea that the deficit has been falling like a stone.
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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.
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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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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.
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What our economy needs is direct job creation by the government and mortgage-debt relief for stressed consumers. What it very much does not need is a transfer of billions of dollars to corporations that have no intention of hiring anyone except more lobbyists.
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