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[D]ebt increases that didn't arise either from war or from extraordinary financial crisis are entirely associated with hard-line conservative governments.

Paul Krugman

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Paul Krugman
Age: 71
Born: 1953
Born: February 28
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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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The habit of disguising ideology as expertise has created a deficit of legitimacy.
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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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Bad ideas flourish because they are in the interest of powerful groups.
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The public has no idea that the deficit has been falling like a stone.
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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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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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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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When stock prices are rising, it's called ''momentum investing'' when they are falling, it's called ''panic.''
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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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Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the real economy has immense downward momentum. In addition to financial rescues, we need major stimulus programs.
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I think Stockman is an interesting sort of amalgam.
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Anyone who thinks that the last 80 years, ever since FDR took us off gold, have been a doomed venture, that strikes me as kind of cranky.
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