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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.

Paul Krugman

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Paul Krugman
Age: 71
Born: 1953
Born: February 28
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The federal government is basically an insurance company with an army.
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The habit of disguising ideology as expertise has created a deficit of legitimacy.
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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 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.
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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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For most Americans, economic growth is a spectator sport.
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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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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 planet will continue to cook.
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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 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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The economic expansion that began in 2001, while it has been great for corporate profits, has yet to produce any significant gains for ordinary working Americans. And now it looks as if it never will.
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I really think that people have to think safety taking risks for higher yield is a bad idea once you're in late or latish middle age.
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There are no atheists in foxholes and there are no libertarians in financial crises.
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I'm especially baffled by the idea of taking insurance against a U.S. default. If America defaults, we're talking about a chaotic world - Mad Max, more or less - in which case, who imagines that insurance claims will be honored?
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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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The French, unfortunately, actually believe what they say, and that has been very destructive.
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The science fiction world has a lot of people doing seriously imaginative thinking.
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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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