213 Quotes by Paul Krugman

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

What the Depression teaches us is that when the economy is so depressed that even a zero interest rate isn’t low enough, you have to put conventional notions of prudence and sound policy aside.

The important thing to understand is that the case for pollution control isn’t based on some kind of aesthetic distaste for industrial society. Pollution does real, measurable damage, especially to human health.

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.

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.

I don’t think I’ve had any great success in predicting politics or social change, nor have I really tried.

If Europe’s example is any guide, here are the two secrets of coping with expensive oil: own fuel-efficient cars, and don’t drive them too much.

People who are complaining about the Fed are people who’ve been predicting runaway inflation for five and six years, and it hasn’t happened.

Something terrible has happened to the soul of the Republican Party. We’ve gone from bad economic doctrine. We’ve even gone beyond selfishness and special interests. At this point we’re talking about a state of mind that takes positive glee in inflicting further suffering upon the already miserable.