I'm not sure that the current value of the NASDAQ is justified, but I'm not sure that it isn't. Paul Krugman More Quotes by Paul Krugman More Quotes From Paul Krugman The key reason executives are paid so much now is that they appoint the members of the corporate board that determines their compensation and control many of the perks that board members count on. So it's not the invisible hand of the market that leads to those monumental executive incomes; it's the invisible handshake in the boardroom. Paul Krugman invisible-handkeyshands Economics is not a morality play. Paul Krugman economicsmoralityplay Outrageous fiscal mendacity is neither historically normal nor bipartisan. It’s a modern Republican thing. Paul Krugman modernrepublicannormal The raw fact is that every successful example of economic development this past century ... has taken place via globalization. Paul Krugman takenbusinesssuccessful 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 onlinebookstoressaid 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. Paul Krugman analysisdoefacts I think so long as fossil fuels are cheap, people will use them and it will postpone a movement towards new technologies. Paul Krugman technologylongthinking Sometimes economists in official positions give bad advice; sometimes they give very, very bad advice; and sometimes they work at the OECD. Paul Krugman advicesometimesgiving If you want a simple model for predicting the unemployment rate in the United States over the next few years, here it is: It will be what Greenspan wants it to be, plus or minus a random error reflecting the fact that he is not quite God. Paul Krugman errorssimpleyears What our economy needs is direct job creation by the government and mortgage-debt relief for stressed consumers. What it very much does not need is a transfer of billions of dollars to corporations that have no intention of hiring anyone except more lobbyists. Paul Krugman stressedgovernmentjobs The goal in the end is not to win elections. The goal is to change society. Paul Krugman politicalgoalwinning If you're doing your job right, some substantial group of people [is] going to be mad at you. Paul Krugman madjobspeople Congress has always had a soft spot for "experts" who tell members what they want to hear, whether it's supply-side economists declaring that tax cuts increase revenue or climate-change skeptics insisting that global warming is a myth. Paul Krugman climatecuttingexperts What saved the economy, and the New Deal, was the enormous public works project known as World War II, which finally provided a fiscal stimulus adequate to the economy’s needs. Paul Krugman warworldneeds I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed. Paul Krugman monetary-policyfiscal-policyeconomy Under the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933. Paul Krugman moneygoldamerica 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 fiscal-policyimpacthands 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. Paul Krugman strongjobsphilosophy And when the chickens that didn't hatch come home to roost, we will rue the day when, misled by sloppy accounting and rosy scenarios, we gave away the national nest egg. Paul Krugman nestseggshome Economists don't usually make good speculators, because they think too much. Paul Krugman economisttoo-muchthinking
