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Paul Krugman Quotes: Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst.
         

Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst.


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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His jaw was set, telling me I should back off. Unfortunately, being a gobby cow meant I couldn’t.

His jaw was set, telling me I should back off. Unfortunately, being a gobby cow meant I couldn’t.



It is pointless to try to make an illusion real

It is pointless to try to make an illusion real



Julian said the world was evil and horrible - remember? But then he proved himself that it wasn't

Julian said the world was evil and horrible - remember? But then he proved himself that it wasn't



All the leadership positions that I have had have one common denominator: none has required that I give up my science work.

All the leadership positions that I have had have one common denominator: none has required that I give up my science work.



A newborn has more skills than does a politician. The infant babbles, burbles, cuddles, coos; the politician just babbles.

A newborn has more skills than does a politician. The infant babbles, burbles, cuddles, coos; the politician just babbles.



I feel like I have to step on the court every night and be dominant.

I feel like I have to step on the court every night and be dominant.



No matter who I'm talking to, I always talk like I'm doing an interview.

No matter who I'm talking to, I always talk like I'm doing an interview.



Working gets in the way of living.

Working gets in the way of living.



I suppose that if I could only do one thing, a solid card effect would be pretty high on the list. That's the root of it all, sleight-of-hand. It's certainly the thing I feel most comfortable with.

I suppose that if I could only do one thing, a solid card effect would be pretty high on the list. That's the root of it all, sleight-of-hand. It's certainly the thing I feel most comfortable with.



Equality and justice, the two great distinguishing characteristics of democracy, follow inevitably from the conception of men, all men, as rational and spiritual beings.

Equality and justice, the two great distinguishing characteristics of democracy, follow inevitably from the conception of men, all men, as rational and spiritual beings.




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This page presents the quote "Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst.". Author of this quote is Paul Krugman. This quote is about worst, past, useless, work, macroeconomics, years,.