Quotes from Paul Krugman

The answer is quite startling: 70 percent of the rise in average family income went to the top 1 percent.

Many of the states that have refused to expand Medicaid, even though the federal government would foot the great bulk of the bill—and would create jobs in the process—are also among America's poorest.

Daniel Patrick Moynihan famously declared; but in modern America a lot of people do believe that they're entitled to their own facts.

Or consider how some states, like Kansas and Oklahoma—both of which were relatively affluent in the 1970s, but have now fallen far behind—have gone in for radical tax cuts, and ended up savaging their education systems. External forces have put them in a hole, but they're digging it deeper.

Productivity isn't everything, but in the long run, it's almost everything

But Wall Street people are in fact very smart; they're funny, they're not company men who work their way up the chain.

The raw fact is that every successful example of economic development this past century ... has taken place via globalization.

Coming up with a good idea, with an insight into the way the world works that is really new and that you really believe in, is a deeply satisfying experience.

The goal in the end is not to win elections. The goal is to change society.

I admit it: I had fun watching right-wingers go wild as health reform finally became law.

Supply-side economics… is like one of those African viruses that, however often it may be eradicated from the settled areas, is always out there in the bush, waiting for new victims.

I believe in a relatively equal society, supported by institutions that limit extremes of wealth and poverty. I believe in democracy, civil liberties, and the rule of law. That makes me a liberal, and I'm proud of it.

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

The rich are different from you and me: they have more influence.

Wealthy Americans who benefit hugely from a system rigged in their favor react with hysteria to anyone who points out just how rigged the system is.

Now, it's true that some of the protesters are oddly dressed or have silly-sounding slogans, which is inevitable given the open character of the events. But so what? I, at least, am a lot more offended by the sight of exquisitely tailored plutocrats, who owe their continued wealth to government guarantees, whining that President Obama has said mean things about them than I am by the sight of ragtag young people denouncing consumerism.

In our country, learned ignorance is on the rise.

And that's just the beginning. More and more, conventional wisdom says that the responsible thing is to make the unemployed suffer. And while the benefits from inflicting pain are an illusion, the pain itself will be all too real.

For most Americans, economic growth is a spectator sport.

Political figures who talk a lot about liberty and freedom invariably turn out to mean the freedom to not pay taxes and discriminate based on race; freedom to hold different ideas and express them, not so much.

On the political as on the economic front it's important not to fall into the "not as bad as" trap. High unemployment isn't O.K. just because it hasn't hit 1933 levels; ominous political trends shouldn't be dismissed just because there's no Hitler in sight.

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.

Seriously bad ideas (are) bad ideas which appeal to the prejudices of serious people.

W]hat possible purpose does this lashing-out serve? Will activists be shamed into recovering their previous enthusiasm? Will Republicans stop their vicious attacks because Obama is lashing out to his left? It was pure self-indulgence; even if he feels aggrieved, he has to judge his words by their usefulness, not by his desire to vent. This isn't about him.