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Paul Krugman Quotes: The federal government is basically an insurance company with an army.
         

The federal government is basically an insurance company with an army.


Paul Krugman
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"Paul Krugman Quotes." Quoteslyfe.com, 2024. Thu. 02 May. 2024. <https://www.quoteslyfe.com/quote/The-federal-government-is-basically-an-insurance-941372>.





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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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Self-esteem wasn't the issue for my parents or their parents. Survival was their primary goal.

Self-esteem wasn't the issue for my parents or their parents. Survival was their primary goal.



But the truth is that I'm gloomy - gloomier than I ever was during the war. Everything is so broken, Sophie: the roads, the buildings, the people. Especially the people.

But the truth is that I'm gloomy - gloomier than I ever was during the war. Everything is so broken, Sophie: the roads, the buildings, the people. Especially the people.



Trust in God and keep your powder dry.

Trust in God and keep your powder dry.



The only thing that weakens worry is work, so I will be working for Marie Corfield

The only thing that weakens worry is work, so I will be working for Marie Corfield



By legend and perhaps by nature philosophers are more accustomed to the armchair than the workbench.

By legend and perhaps by nature philosophers are more accustomed to the armchair than the workbench.



The gods of one age become the devils of the age to follow. The priests look forward to the age to come and see only the end of the world.

The gods of one age become the devils of the age to follow. The priests look forward to the age to come and see only the end of the world.



This is a serious, serious condition that is also called postpartum psychosis. And that's where, literally, you get so bad that you end up either hurting the baby or killing yourself.

This is a serious, serious condition that is also called postpartum psychosis. And that's where, literally, you get so bad that you end up either hurting the baby or killing yourself.



To be one's own master is to be the slave of self.

To be one's own master is to be the slave of self.



And my interest in history was, and remains, very strong: what I wanted was to understand certain things better by understanding them psychoanalytically.

And my interest in history was, and remains, very strong: what I wanted was to understand certain things better by understanding them psychoanalytically.



Yeah I live of my music. Why does everyone ask me that? Is my music that absurd that nobody could possibly be buying it?

Yeah I live of my music. Why does everyone ask me that? Is my music that absurd that nobody could possibly be buying it?




Quote Description


This page presents the quote "The federal government is basically an insurance company with an army.". Author of this quote is Paul Krugman. This quote is about government, army, company, federal government, insurance companies,.