Paul Krugman on All Topics
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“The deficit threatens economic recovery, we’re told; it puts American economic stability at risk; it will undermine our influence in the world. These claims generally aren’t stated as opinions, as views held by some analysts but disputed by others. Instead, they’re reported as if they were facts, plain and simple.”
“We’ve got a clear example of how to keep banking safe sitting right next door.”
“I’m sorry to say this, but the state of the union--not the speech, but the thing itself--isn’t looking very good.”
“If Mr. Bernanke is reappointed, he and his colleagues need to realize that what they consider a policy success is actually a policy failure.”
“A message to House Democrats: This is your moment of truth.”
“Could the administration have made a midcourse correction on economic policy if it hadn’t been fighting battles on health care? Probably not.”
“As Congress and the administration try to reform the financial system, they should ignore advice coming from the supposed wise men of Wall Street, who have no wisdom to offer.”
“The real lesson from Europe is actually the opposite of what conservatives claim: Europe is an economic success, and that success shows that social democracy works.”
“I’ll be writing a lot about financial reform in the weeks ahead. Let me begin by asking a basic question: What should reformers try to accomplish?”
“As you read the economic news, it will be important to remember, first of all, that blips — occasional good numbers, signifying nothing — are common even when the economy is, in fact, mired in a prolonged slump.”
“From an economic point of view, I’d suggest that we call the decade past the Big Zero.”
“Unless some legislator pulls off a last-minute double-cross, health care reform will pass the Senate this week.”
“Let’s all take a deep breath, and consider just how much good this bill would do.”
“One thing is clear: if politicians refuse to learn from the history of the recent financial crisis, they will condemn all of us to repeat it.”
“There’s a good chance that unemployment will rise, not fall, over the next year. But even if it does inch down, one has to ask: Why isn’t the Fed trying to bring it down faster?”
