Quotes from Paul Krugman

If you want to understand opposition to climate action, follow the money.

Under the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933.

[Conventional wisdom] very heavily tends to reflect the preferences and the interests of the elite.

The trouble with poverty, as an issue, is that it has basically exhausted the patience of the general public.

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.

Programmers have a saying: "garbage in, garbage out.

Rising inequality isn't about who has the knowledge; it's about who has the power.

The problem isn't that people don't understand how good things are. It's that they know, from personal experience, that things really aren't that good.

We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis.

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.

...instead it seems that business - like weight loss - is a subject wherein hope and fear inspire limitless gullibility.

However, the fact that an economist offers a theoretical analysis does not and should not automatically command respect. What is needed is some assurance that the analysis is actually relevant.

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

For most Americans, economic growth is a spectator sport.

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.

A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble

The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.

The science fiction world has a lot of people doing seriously imaginative thinking.

The great thing about fiscal policy is that it has a direct impact and doesn't require you to bind the hands of future policymakers.

Politics determines who has the power, not who has the truth.

The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.

We should try to create the society each of us would want if we didn't know in advance who we'd be.

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 have friends, political scientists, sociologists, who all share an interest at least in certain kinds of science fiction.