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Quote by Paul Krugman

“If you can create even the illusion of high profitability for a few years, then when the thing collapses you can walk out of the wreckage a very rich man.”

Quote by Paul Krugman

Author

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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“Our grandfathers lived in a world of largely self-sufficient, inward-looking national economies - but our great-great grandfathers lived, as we do, in a world of large-scale international trade and investment, a world destroyed by nationalism.”

World Self Economy Trade Investment International Scales Destroyed Sufficient Nationalism Grandfather Inward Self Sufficient Large Scale Great Grandfather International Trade National Economy

Author:Paul Krugman

“There is no economic policy. That's really important to say. The general modus operandi of the Bushies is that they don't make policies to deal with problems. They use problems to justify things they wanted to do anyway. So there is no policy to deal with the lack of jobs. There really isn't even a policy to deal with terrorism. It's all about how can we spin what's happening out there to do what we want to do.”

Want Important Use Problem Wanted Jobs Deals Economic Policy Happenings Terrorism Justify Economic Policy Modus Operandi

Author:Paul Krugman

“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.”

Ifs Said Whole Guy Style Figures Substance Establishment Conventional Moderates Cautious Transcendent Conventional Wisdom

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“Economists don't usually make good speculators, because they think too much.”

Thinking Too Much Economist Speculators

Book:The Great Unraveling: Losing Our Way in the New Century

Source: The Great Unraveling: Losing Our Way in the New Century

“we should reject the attempt to divert the national conversation away from soaring inequality toward the alleged moral failings of those Americans being left behind. Traditional values aren't as crucial as social conservatives would have you believe and, in any case, the social changes taking place in America's working class are overwhelmingly the consequence of sharply rising inequality, not its cause.”

“To the extent that sacrifices need to be made, shouldn't the people who've made out like bandits this past generation be first in line? The problem with getting out of the slump is that we need to spend more. It's not that somebody needs to spend less. We have idle workers who have the skills and the willingness to work. We have idle factories. Dealing with this is not about saying somebody needs to suffer. It's saying that we need to be prepared to open the taps.”

People Needs Firsts Made Problem Past Suffering Lines Generations Sacrifice Skills Prepared Workers Willingness Factories Idle Be Prepared Bandits Slumps Past Generations

Author:Paul Krugman

“The planet will continue to cook.”

Planets Cooks Global Warming

Author:Paul Krugman

“If you want to understand opposition to climate action, follow the money.”

Ifs Want Action Climate Global Warming Opposition Climate Action

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“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.”

World Needs War Deals Known Economy Projects Saved Enormous War Of The Worlds World War Ii World War I Adequate Stimulus New Deal

Author:Paul Krugman

“I know that when I look at today’s Mexicans and Central Americans, they seem to me fundamentally the same as my grandparents seeking a better life in America. On the other side, however, open immigration can’t coexist with a strong social safety net; if you’re going to assure health care and a decent income to everyone, you can’t make that offer global. So Democrats have mixed feelings about immigration; in fact, it’s an agonizing issue.”