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Economics is not a morality play.

Paul Krugman

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

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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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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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...instead it seems that business - like weight loss - is a subject wherein hope and fear inspire limitless gullibility.
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I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.
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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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The party of ideas has become the party of Beavis and Butthead.
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The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.
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Something terrible has happened to the soul of the Republican Party. We've gone from bad economic doctrine. We've even gone beyond selfishness and special interests. At this point we're talking about a state of mind that takes positive glee in inflicting further suffering upon the already miserable.
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Economists don't usually make good speculators, because they think too much.
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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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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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The raw fact is that every successful example of economic development this past century ... has taken place via globalization.
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The planet will continue to cook.
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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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Every once in a while I feel despair over the fate of the planet. If you’ve been following climate science, you know what I mean: the sense that we’re hurtling toward catastrophe but nobody wants to hear about it or do anything to avert it.
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We have a lot of evidence on what happens when you raise the minimum wage. And the evidence is overwhelmingly positive: Hiking the minimum wage has little or no adverse effect on employment while significantly increasing workers' earnings.
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The science fiction world has a lot of people doing seriously imaginative thinking.
Paul Krugman
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There's nothing magic about spending on tanks and bombs rather than roads and bridges.
Paul Krugman
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Are you, or is someone you know, a gadget freak? If so, you doubtless know that Wednesday was iPhone 5 day, the day Apple unveiled its latest way for people to avoid actually speaking to or even looking at whoever they're with.
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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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