Paul Krugman quotes

Born
February 28, 1953, Albany, New York, U.S.

Occupation
Economist.

Paul Krugman is an American economist who is currently Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for The New York Times. In 2008, Krugman was awarded the Nobel Memorial Prize in Economic.

As I’ve often said, you can shop online and find whatever you’re looking for, but bookstores are where you find what you weren’t looking for.
– Paul Krugman
Rising inequality isn’t about who has the knowledge; it’s about who has the power.
– Paul Krugman
Social Security is a social insurance program – it is not designed to be the same thing as a 401(k).
– Paul Krugman
I believe that the only important structural obstacles to world prosperity are the obsolete doctrines that clutter the minds of men.
– Paul Krugman
We should try to create the society each of us would want if we didn’t know in advance who we’d be.
– Paul Krugman
Debt is one person’s liability, but another person’s asset.
– Paul Krugman
The science fiction world has a lot of people doing seriously imaginative thinking.
– Paul Krugman
Economics is not a morality play.
– Paul Krugman
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.
– Paul Krugman
The problem isn’t that people don’t understand how good things are. It’s that they know, from personal experience, that things really aren’t that good.
– Paul Krugman
We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis.
– Paul Krugman
If you want to understand opposition to climate action, follow the money.
– Paul Krugman
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.
– Paul Krugman
But Wall Street people are in fact very smart; they’re funny, they’re not company men who work their way up the chain.
– Paul Krugman
The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.
– Paul Krugman
I have friends, political scientists, sociologists, who all share an interest at least in certain kinds of science fiction.
– Paul Krugman
There are no atheists in foxholes and there are no libertarians in financial crises.
– Paul Krugman
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.
– Paul Krugman
I don’t think I’ve had any great success in predicting politics or social change, nor have I really tried.
– Paul Krugman
You really have to go searching desperately to find any contemporary examples of good, old-fashioned runaway inflation.
– Paul Krugman
So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment.
– Paul Krugman
I think so long as fossil fuels are cheap, people will use them and it will postpone a movement towards new technologies.
– Paul Krugman
The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.
– Paul Krugman
I admit it: I had fun watching right-wingers go wild as health reform finally became law.
– Paul Krugman
The raw fact is that every successful example of economic development this past century – every case of a poor nation that worked its way up to a more or less decent, or at least dramatically better, standard of living – has taken place via globalization, that is, by producing for the world market rather than trying for self-sufficiency.
– Paul Krugman
In our country, learned ignorance is on the rise.
– Paul Krugman