“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.”
Quote by Paul Krugman
Author
Paul Krugman
Paul Krugman is a renowned economist known for his contributions to macroeconomic policy and international trade. He won the Nobel Prize in Economics in 1991 and is considered one of the leading figures in the New Keynesian economics school. more
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