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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
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Albany
New York
Paul Robin Krugman
Paul R Krugman
Creating
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Taxes
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I think Stockman is an interesting sort of amalgam.
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The goal in the end is not to win elections. The goal is to change society.
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Some years down the pike, we're going to get the real solution, which is going to be a combination of death panels and sales taxes. It's going to be that we're actually going to take Medicare under control, and we're going to have to get some additional revenue, probably from a VAT. But it's not going to happen now.
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We should try to create the society each of us would want if we didn't know in advance who we'd be.
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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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Outrageous fiscal mendacity is neither historically normal nor bipartisan. It’s a modern Republican thing.
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Wealthy Americans who benefit hugely from a system rigged in their favor react with hysteria to anyone who points out just how rigged the system is.
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One way in which Americans have always been exceptional has been in our support for education. First we took the lead in universal primary education then the “high school movement” made us the first nation to embrace widespread secondary education.
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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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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 habit of disguising ideology as expertise has created a deficit of legitimacy.
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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 French, unfortunately, actually believe what they say, and that has been very destructive.
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Economics is not a morality play.
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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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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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Friedrich Hayek is not an important figure in the history of macroeconomics.
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The public has no idea that the deficit has been falling like a stone.
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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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