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Outrageous fiscal mendacity is neither historically normal nor bipartisan. It’s a modern Republican thing.
Paul Krugman
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Paul Krugman
Age: 71
Born: 1953
Born: February 28
Blogger
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Economist
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Albany
New York
Paul Robin Krugman
Paul R Krugman
Neither
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Mendacity
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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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There are no atheists in foxholes and there are no libertarians in financial crises.
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The habit of disguising ideology as expertise has created a deficit of legitimacy.
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The goal in the end is not to win elections. The goal is to change society.
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Default is not in our stars, but in ourselves.
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In short, it's a great economy if you're a high-level corporate executive or someone who owns a lot of stock. For most other Americans, economic growth is a spectator sport.
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I think Stockman is an interesting sort of amalgam.
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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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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 trouble with poverty, as an issue, is that it has basically exhausted the patience of the general public.
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The problem with digital books is that you can always find what you are looking for but you need to go to a bookstore to find what you weren't looking for.
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Something terrible has happened to the soul of the Republican Party. We've gone from bad economic doctrine. We've even gone beyond selfishness and special interests. At this point we're talking about a state of mind that takes positive glee in inflicting further suffering upon the already miserable.
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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
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