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The party of ideas has become the party of Beavis and Butthead.

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
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Paul Robin Krugman
Paul R Krugman
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More quotes by Paul Krugman

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Can we break the machine that is imposing right-wing radicalism on the United States? The scariest part is that the media is part of that machine.
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But where will the Fed find another bubble?
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Our grandfathers lived in a world of largely self-sufficient, inward-looking national economies - but our great-great grandfathers lived, as we do, in a world of large-scale international trade and investment, a world destroyed by nationalism.
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If you are a good economist, a virtuous economist, you are reborn as a physicist. But if you are an evil, wicked economist, you are reborn as a sociologist.
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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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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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These days, however, the main problem comes from the right - from conservatives who, unlike most economists, really do think that the free market is always right - to such an extent that they refuse to believe even the most overwhelming scientific evidence if it seems to suggest a justification for government action.
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When the Fed decides that inflation is too high, they have the tools, and they've shown historically that they have the will, to bring it down. And, it might be painful.
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The science fiction world has a lot of people doing seriously imaginative thinking.
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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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...instead it seems that business - like weight loss - is a subject wherein hope and fear inspire limitless gullibility.
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The French, unfortunately, actually believe what they say, and that has been very destructive.
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Not all private equity people are evil. Only some.
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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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Under the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933.
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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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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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Economists don't usually make good speculators, because they think too much.
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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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I have friends, political scientists, sociologists, who all share an interest at least in certain kinds of science fiction.
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