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Republican candidates had to appeal to their base, which is by and large elderly white people arguing with empty chairs.

Paul Krugman

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Paul Krugman
Age: 71
Born: 1953
Born: February 28
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Paul Robin Krugman
Paul R Krugman
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More quotes by Paul Krugman

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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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...instead it seems that business - like weight loss - is a subject wherein hope and fear inspire limitless gullibility.
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Economics is not a morality play.
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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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Not all private equity people are evil. Only some.
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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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Friedrich Hayek is not an important figure in the history of macroeconomics.
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Default is not in our stars, but in ourselves.
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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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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 economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.
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It’s not about the budget it’s about the power...So will the attack on unions succeed? I don’t know. But anyone who cares about retaining government of the people by the people should hope that it doesn’t.
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Many people ... prefer to describe themselves as progressives rather than liberals. To some extent that's a response to the decades-long propaganda campaign conducted by movement conservatives, which has been quite successful in making Americans disdain the word liberal but much less successful in reducing support for liberal policies.
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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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However, the fact that an economist offers a theoretical analysis does not and should not automatically command respect. What is needed is some assurance that the analysis is actually relevant.
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There's one thing that the Fed has been really good at cracking down on, and that's inflation.
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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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What our economy needs is direct job creation by the government and mortgage-debt relief for stressed consumers. What it very much does not need is a transfer of billions of dollars to corporations that have no intention of hiring anyone except more lobbyists.
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But where will the Fed find another bubble?
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The science fiction world has a lot of people doing seriously imaginative thinking.
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