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Tax cuts were not going to be effective at creating jobs, and the job creation record is lousy.
Paul Krugman
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Paul Krugman
Age: 71
Born: 1953
Born: February 28
Blogger
Columnist
Economist
Essayist
Journalist
Pundit
University Teacher
Writer
Albany
New York
Paul Robin Krugman
Paul R Krugman
Creating
Cutting
Creation
Records
Lousy
Jobs
Cuts
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Effective
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Taxes
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When stock prices are rising, it's called ''momentum investing'' when they are falling, it's called ''panic.''
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If you want to understand opposition to climate action, follow the money.
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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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The habit of disguising ideology as expertise has created a deficit of legitimacy.
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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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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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America's political landscape is infested with many zombie ideas - beliefs about policy that have been repeatedly refuted with evidence and analysis but refuse to die. The most prominent zombie is the insistence that low taxes on rich people are the key to prosperity.
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Whenever you see some business person quoted complaining about how he or she can't find workers with the necessary skills, ask what wage they're offering. Almost always it turns out what said business person really wants is highly (and expensively) educated workers at a manual-labor wage. No wonder they come up short.
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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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The raw fact is that every successful example of economic development this past century ... has taken place via globalization.
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Coming up with a good idea, with an insight into the way the world works that is really new and that you really believe in, is a deeply satisfying experience.
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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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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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