Sometimes economists in official positions give bad advice; sometimes they give very, very bad advice; and sometimes they work at the OECD. Paul Krugman More Quotes by Paul Krugman More Quotes From Paul Krugman Friedrich Hayek is not an important figure in the history of macroeconomics. Paul Krugman hayek figures important The habit of disguising ideology as expertise has created a deficit of legitimacy. Paul Krugman legitimacy deficit habit [I]f you look at United States history since World War II, you find that of the 10 presidents who preceded Barack Obama, seven left office with a debt ratio lower than when they came in. Who were the three exceptions? Ronald Reagan and the two George Bushes. Paul Krugman office war two Not all private equity people are evil. Only some. Paul Krugman equity evil people When stock prices are rising, it's called ''momentum investing''; when they are falling, it's called ''panic.'' Paul Krugman investing momentum fall The French, unfortunately, actually believe what they say, and that has been very destructive. Paul Krugman has-beens destructive believe The economic expansion that began in 2001, while it has been great for corporate profits, has yet to produce any significant gains for ordinary working Americans. And now it looks as if it never will. Paul Krugman expansion gains ordinary By rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact, has made another crisis more likely. Paul Krugman financial done facts When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly. Paul Krugman virtue usual vices Politics determines who has the power, not who has the truth. Paul Krugman determine political Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst. Paul Krugman useless past years Evidence and expertise have a well-known liberal bias. Paul Krugman bias evidence well-known Where's that toxic rhetoric coming from? Let's not make a false pretense of balance: it's coming, overwhelmingly, from the right. It's hard to imagine a Democratic member of Congress urging constituents to be "armed and dangerous" without being ostracized; but Representative Michele Bachmann, who did just that, is a rising star in the G.O.P. Paul Krugman toxic balance stars The fact is that the two years or so after 9/11 were a terrible time in America – a time of political exploitation and intimidation, culminating in the deliberate misleading of the nation into the invasion of Iraq. It’s probably worth pointing out that I’m not saying anything now that I wasn’t saying in real time back then, when Bush had a sky-high approval rating and any criticism was denounced as treason. And there’s nothing I’ve done in my life of which I’m more proud. Paul Krugman approval-rating real years Political figures who talk a lot about liberty and freedom invariably turn out to mean the freedom to not pay taxes and discriminate based on race; freedom to hold different ideas and express them, not so much. Paul Krugman race mean ideas 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. Paul Krugman digital book needs Now, it’s true that some of the protesters are oddly dressed or have silly-sounding slogans, which is inevitable given the open character of the events. But so what? I, at least, am a lot more offended by the sight of exquisitely tailored plutocrats, who owe their continued wealth to government guarantees, whining that President Obama has said mean things about them than I am by the sight of ragtag young people denouncing consumerism. Paul Krugman silly character mean [T]he next time you hear serious-sounding people explaining the need for fiscal austerity, try to parse their argument. Almost surely, you'll discover that what sounds like hardheaded realism actually rests on a foundation of fantasy, on the belief that invisible vigilantes will punish us if we're bad and the confidence fairy will reward us if we're good. And real-world policy - policy that will blight the lives of millions of working families - is being built on that foundation. Paul Krugman real trying people [I]n America, at least, we have a pretty good record for behaving in a fiscally responsible fashion, with one exception - namely, the fiscal irresponsibility that prevails when, and only when, hard-line conservatives are in power. Paul Krugman records fashion america [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 lines government war
