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Paul Krugman Quotes: For most Americans, economic growth is a spectator sport.
         

For most Americans, economic growth is a spectator sport.


Paul Krugman
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Other quotes of Paul Krugman


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

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



Bad ideas flourish because they are in the interest of powerful groups.

Bad ideas flourish because they are in the interest of powerful groups.



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

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



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.

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.



So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment.

So what are the effects of increasing minimum wages? Any Econ 101 student can tell you the answer: The higher wage reduces the quantity of labor demanded, and hence leads to unemployment.



Middle-class societies don't emerge automatically as an economy matures, they have to be CREATED through political action.

Middle-class societies don't emerge automatically as an economy matures, they have to be CREATED through political action.



There are no atheists in foxholes and there are no libertarians in financial crises.

There are no atheists in foxholes and there are no libertarians in financial crises.



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

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



Outrageous fiscal mendacity is neither historically normal nor bipartisan. It’s a modern Republican thing.

Outrageous fiscal mendacity is neither historically normal nor bipartisan. It’s a modern Republican thing.



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

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





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live life like its going out of style

live life like its going out of style



Sorry, one night stands don't stack up as credentials for tending bar.

Sorry, one night stands don't stack up as credentials for tending bar.



Never take yourself too seriously. Learn to let go and let the words flow.

Never take yourself too seriously. Learn to let go and let the words flow.



And when reality goes, sanity has no reason.

And when reality goes, sanity has no reason.



Don't use words too big for the subject. Don't say 'infinitely' when you mean 'very'; otherwise you'll have no word left when you want to talk about something really infinite.

Don't use words too big for the subject. Don't say 'infinitely' when you mean 'very'; otherwise you'll have no word left when you want to talk about something really infinite.



A good shoe is one that doesn't dress you but undresses you.

A good shoe is one that doesn't dress you but undresses you.



Our toil is sweet with thankfulness, Our burden is our boon; The curse of earth's gray morning is The blessing of its noon.

Our toil is sweet with thankfulness, Our burden is our boon; The curse of earth's gray morning is The blessing of its noon.



I work very hard, but when God opens that door for you - when life opens that door for you, I should say - I think it's important to be giving, to return the love back.

I work very hard, but when God opens that door for you - when life opens that door for you, I should say - I think it's important to be giving, to return the love back.



The word is a label and I don't like it at all.

The word is a label and I don't like it at all.



People are very inclined to set moral standards for others.

People are very inclined to set moral standards for others.




Quote Description


This page presents the quote "For most Americans, economic growth is a spectator sport.". Author of this quote is Paul Krugman. This quote is about economic growth, economic, growth, sports,.