Paul Krugman Quotes About Economy

• Las sociedades de clase media no surgen automáticamente a medida que una economía madura, tienen que CREARSE mediante la acción política.

  Paul Krugman

  Clase, Política, Acción

  Paul Krugman (2015). "La conciencia de un liberal: Reclaiming America From The Right", p.25, Penguin UK.

• El crecimiento de Internet se ralentizará drásticamente, al hacerse evidente el fallo de la "ley de Metcalfe", según la cual el número de conexiones potenciales en una red es proporcional al cuadrado del número de participantes: ¡la mayoría de la gente no tiene nada que decirse! En 2005, más o menos, quedará claro que el impacto de Internet en la economía no ha sido mayor que el del fax.

  Paul Krugman

  Impacto, Plazas, Ley

  "Paul Krugman responde a toda la gente que le echa en cara su vieja cita de Internet", por Jay Yarow, www.businessinsider.com. 30 de diciembre de 2013.

• A menudo se pone a Europa como ejemplo de advertencia, como demostración de que si se intenta que la economía sea menos brutal, de que se cuida mejor a los ciudadanos cuando tienen mala suerte, se acaba matando el progreso económico. Pero lo que la experiencia europea demuestra en realidad es lo contrario: la justicia social y el progreso pueden ir de la mano.

  Paul Krugman

  Hands, Europe, Opposites

  "Learning From Europe" by Paul Krugman, www.nytimes.com. January 10, 2010.

• En resumen, es una gran economía si eres un ejecutivo de alto nivel o alguien que posee muchas acciones. Para la mayoría de los demás estadounidenses, el crecimiento económico es un deporte de espectadores.

  Paul Krugman

  Deporte, Crecimiento, Niveles

• In short, what the living wage is really about is not living standards, or even economics, but morality. Its advocates are basically opposed to the idea that wages are a market price-determined by supply and demand, the same as the price of apples or coal. And it is for that reason, rather than the practical details, that the broader political movement of which the demand for a living wage is the leading edge is ultimately doomed to failure: For the amorality of the market economy is part of its essence, and cannot be legislated away.

  Paul Krugman

  Essence, Ideas, Apples

• What saved the economy, and the New Deal, was the enormous public works project known as World War II, which finally provided a fiscal stimulus adequate to the economy’s needs.

  Paul Krugman

  War, Needs, World

  "Franklin Delano Obama?". www.nytimes.com. November 10, 2008.

• There has been plenty to criticize about President Obama’s handling of the economy. Yet the overriding story of the past few years is not Mr. Obama’s mistakes but the scorched-earth opposition of Republicans, who have done everything they can to get in his way - and who now, having blocked the president’s policies, hope to win the White House by claiming that his policies have failed.

  Paul Krugman

  Mistake, Past, Winning

  "Debt, Depression, DeMarco" by Paul Krugman, www.huffingtonpost.com. August 3, 2012.

• Asset bubbles have happened even without not-so-easy money. And, in a depressed economy, where alternative uses of money are not great, people are going to bid up the prices of profitable corporations and stuff like that.

  Paul Krugman

  People, Alternatives, Use

  "Why Paul Krugman thinks inflation fears are baloney". Interview with Paul Solman, www.pbs.org. November 3, 2014.

• I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.

  Paul Krugman

  Fiscal Policy, Economy, Monetary Policy

  "Paul Krugman on Debt, but Are Soaring Interest Rates Running Against Him?". Interview with Paul Solman, www.pbs.org. May 29, 2013.

• 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.

  Paul Krugman

  Zero, Real, Understanding

  "Nobel Laureate Paul Krugman on the Economy". Live chat, www.washingtonpost.com. December 15, 2008.

• Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the real economy has immense downward momentum. In addition to financial rescues, we need major stimulus programs.

  Paul Krugman

  Real, Needs, Momentum

• 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.

  Paul Krugman

  Running, Government, Debt

  "Paul Krugman: 'I'm sick of being Cassandra. I'd like to win for once'" by Decca Aitkenhead, www.theguardian.com. June 3, 2012.

• What the Depression teaches us is that when the economy is so depressed that even a zero interest rate isn't low enough, you have to put conventional notions of prudence and sound policy aside.

  Paul Krugman

  Zero, Sound, Enough

  "Nobel Laureate Paul Krugman on the Economy". Live chat, www.washingtonpost.com. December 15, 2008.

• What our economy needs is direct job creation by the government and mortgage-debt relief for stressed consumers. What it very much does not need is a transfer of billions of dollars to corporations that have no intention of hiring anyone except more lobbyists.

  Paul Krugman

  Jobs, Government, Stressed

• 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.

  Paul Krugman

  Philosophy, War, Cutting

• Most people, I suspect, still have in their minds an image of America as the great land of college education, unique in the extent to which higher learning is offered to the population at large. That image used to correspond to reality. But these days young Americans are considerably less likely than young people in many other countries to graduate from college. In fact, we have a college graduation rate that's slightly below the average across all advanced economies.

  Paul Krugman

  Country, Unique, Reality

• Until the Great Depression, most economists clung to a vision of capitalism as a perfect or nearly perfect system. That vision wasn’t sustainable in the face of mass unemployment, but as memories of the Depression faded, economists fell back in love with the old, idealized vision of an economy in which rational individuals interact in perfect markets.

  Paul Krugman

  Memories, Perfect, Vision

  "How Did Economists Get It So Wrong?". www.nytimes.com. September 2, 2009.

• Nuestros abuelos vivían en un mundo de economías nacionales autosuficientes y encerradas en sí mismas, pero nuestros tatarabuelos vivían, como nosotros, en un mundo de comercio e inversiones internacionales a gran escala, un mundo destruido por el nacionalismo.

  Paul Krugman

  Self, Grandfather, Inward

  "The Great Illusion" by Paul Krugman, www.nytimes.com. August 14, 2008.

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