Paul Krugman on All Topics
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“The claim that climate legislation will kill the economy deserves the same disdain as the claim that global warming is a hoax. The truth about the economics of climate change is that it’s relatively easy being green.”
“It’s time for the president to realize that sometimes populism, especially populism that makes bankers angry, is exactly what the economy needs.”
“Even if the Baucus plan gets better, rather than worse, what emerges won’t be legislation reformers can love. Will it nonetheless be legislation that passes the threshold of acceptability, legislation they can vote for? We’ll see.”
“We need more stimulus. Yes, it would add to federal debt -- but isn't that worth doing to help reduce an output gap that’s wasting our potential at the rate of more than a trillion dollars a year?”
“The economy is a complex system of interacting individuals -- and these individuals themselves are complex systems. Neoclassical economics radically oversimplifies both the individuals and the system.”
“When it comes to the all-too-human problem of recessions and depressions, economists need to abandon the neat but wrong solution of assuming that everyone is rational and markets work perfectly.”
“Moderate Republicans, the sort of people with whom one might have been able to negotiate a health care deal, have either been driven out of the party or intimidated into silence.”
“Right now deficits are actually helping the economy.”
“Washington, it seems, is still ruled by Reaganism -- by an ideology that says government intervention is always bad.”
“Let’s be clear: the supposed alternative [to the public option], nonprofit co-ops, is a sham.”
“So where does Obamacare fit into all this? Basically, it’s a plan to Swissify America, using regulation and subsidies to ensure universal coverage.”
“What’s still missing, however, is ... passion for the goal of ensuring that every American gets the health care he or she needs, outrage at the lies and fear-mongering that are being used to block that goal.”
“So it seems that we aren’t going to have a second Great Depression after all. What saved us? The answer, basically, is Big Government.”
“The driving force behind the town hall mobs is probably the same cultural and racial anxiety that’s behind the 'birther' movement, which denies Mr. Obama’s citizenship.”
“Neither the administration, nor our political system in general, is ready to face up to the fact that we’ve become a society ... that lavishly rewards those who make us poorer.”
