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There's nothing magic about spending on tanks and bombs rather than roads and bridges.

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
Tanks
Roads
Bombs
Bridges
Spending
Magic
Rather
Nothing

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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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Not all private equity people are evil. Only some.
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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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Friedrich Hayek is not an important figure in the history of macroeconomics.
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The planet will continue to cook.
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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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Where's that toxic rhetoric coming from? Let's not make a false pretense of balance: it's coming, overwhelmingly, from the right. It's hard to imagine a Democratic member of Congress urging constituents to be armed and dangerous without being ostracized but Representative Michele Bachmann, who did just that, is a rising star in the G.O.P.
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For most Americans, economic growth is a spectator sport.
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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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But where will the Fed find another bubble?
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Default is not in our stars, but in ourselves.
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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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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 goal in the end is not to win elections. The goal is to change society.
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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 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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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.
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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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...instead it seems that business - like weight loss - is a subject wherein hope and fear inspire limitless gullibility.
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