The public has no idea that the deficit has been falling like a stone. Paul Krugman More Quotes by Paul Krugman More Quotes From Paul Krugman I'm not sure that the current value of the NASDAQ is justified, but I'm not sure that it isn't. Paul Krugman currentsjustifiednot-sure 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 wallsmartmen Democracy or breakdown in Syria would change the whole Middle East overnight. Paul Krugman middle-eastdemocracyspring Obama is very much an establishment sort of guy. The whole image of him as a transcendent figure was based on style rather than substance. If you actually looked at what he said, not how he said it, he said very establishment things. He's a moderate, cautious, ameliorative guy. He tends to gravitate toward Beltway conventional wisdom. Paul Krugman styleguysubstance I admit it: I had fun watching right-wingers go wild as health reform finally became law. Paul Krugman reformlawfun I don't think I've had any great success in predicting politics or social change, nor have I really tried. Paul Krugman great-successsocialthinking Asset bubbles have happened even without not-so-easy money. And, in a depressed economy, where alternative uses of money are not great, people are going to bid up the prices of profitable corporations and stuff like that. Paul Krugman alternativesusepeople The world economy is in a nosedive, and understanding what I call "depression economics" - the weird world you get into when even a zero interest rate isn't low enough, and a messed-up financial system is dragging down the real economy - is essential if we're going to avoid the worst. Paul Krugman zerounderstandingreal 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. Paul Krugman goldyearsthinking I think Stockman is an interesting sort of amalgam. Paul Krugman interestingthinking I think if you're a liberal, you believe that we all are, at least to some extent, our brothers' keepers, you really believe that we have a sumptuary responsibility to make sure that life is decent for everybody in America, that you believe that society out to be broadly shared, and you believe that you can't have a real democracy unless you have a little bit, at least, of economic democracy. Paul Krugman realbrotherbelieve 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. Paul Krugman yieldideasthinking 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? Paul Krugman talkingamericaideas 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. Paul Krugman down-andtoolsmight Tax cuts were not going to be effective at creating jobs, and the job creation record is lousy. Paul Krugman creatingcuttingjobs 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. Paul Krugman funny-thingspeopleway I'm in the peculiar position of thinking the Fed should not raise rates, but it should not listen to the President, which is a hard position, there's a pretty good case for not raising rates now. But to not raise rates in this meeting would look like they're allowing themselves to be bullied. Paul Krugman top-news They thought they could simply demand better terms without having any backup plan, so, certainly this is a shock. Paul Krugman world
