213 Quotes by Paul Krugman

Debt is one person’s liability, but another person’s asset.

In fact, I’d say that the sources of the economy’s expansion from 2003 to 2007 were, in order, the housing bubble, the war, and – very much in third place – tax cuts.

I’m not sure that the current value of the NASDAQ is justified, but I’m not sure that it isn’t.

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.

If it were profitable to have indentured servants in the modern world, I’m sure that Richard Scaife’s think tanks would have no trouble finding justifications, and assorted Christian groups would explain why it’s God’s will.

One is reminded of the old joke about the centipede who was asked how he managed to coordinate his 100 legs : He started thinking about it and could never walk properly again.

When stock prices are rising, it’s called “momentum investing”; when they are falling, it’s called “panic”.

There’s one thing that the Fed has been really good at cracking down on, and that’s inflation.

Now that Eastern Europe is free from the alien ideology of Communism, it can return to its true historical path – fascism.