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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.

Paul Krugman

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Paul Krugman
Age: 71
Born: 1953
Born: February 28
Blogger
Columnist
Economist
Essayist
Journalist
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University Teacher
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Albany
New York
Paul Robin Krugman
Paul R Krugman
Men
Walk
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Create
Rich
Collapses
High
Profitability
Even
Wreckage
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Illusion

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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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The raw fact is that every successful example of economic development this past century ... has taken place via globalization.
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Tax cuts were not going to be effective at creating jobs, and the job creation record is lousy.
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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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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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The federal government is basically an insurance company with an army.
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Close the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you cannot keep unsound financial institutions operating simply because they provide jobs.
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The goal in the end is not to win elections. The goal is to change society.
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The French, unfortunately, actually believe what they say, and that has been very destructive.
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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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There's nothing magic about spending on tanks and bombs rather than roads and bridges.
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If Europe’s example is any guide, here are the two secrets of coping with expensive oil: own fuel-efficient cars, and don’t drive them too much.
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The planet will continue to cook.
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Bad ideas flourish because they are in the interest of powerful groups.
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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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Not all private equity people are evil. Only some.
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Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the undesirable side effect of raising the natural rate of unemployment.
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The science fiction world has a lot of people doing seriously imaginative thinking.
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as an economics professor I am by nature inclined to the view that the truth isn't out there, it's in here - that usually you learn a lot more by thinking really hard about the data than you do by sniffing around for supposedly inside information.
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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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