213 Quotes by Paul Krugman

Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the real economy has immense downward momentum. In addition to financial rescues, we need major stimulus programs.

Unsustainable situations usually go on longer than most economists think possible. But they always end, and when they do, it's often painful.

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.

Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst.

Evidence and expertise have a well-known liberal bias.

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.

One way in which Americans have always been exceptional has been in our support for education. First we took the lead in universal primary education; then the ‘high school movement’ made us the first nation to embrace widespread secondary education.

In short, it’s a great economy if you’re a high-level corporate executive or someone who owns a lot of stock. For most other Americans, economic growth is a spectator sport.

But Wall Street people are in fact very smart; they’re funny, they’re not company men who work their way up the chain.