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Paul Krugman Quotes: The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.
         

The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.


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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Read when you can.Teach when you ought.Learn when you must.Apply when you should.

Read when you can.Teach when you ought.Learn when you must.Apply when you should.



I have discovered that sitting still leaves little spaces for the grief to get in, so I stay busy.

I have discovered that sitting still leaves little spaces for the grief to get in, so I stay busy.



Whenever life is getting tough hold on.Don't let it get the best of you stay strong.

Whenever life is getting tough hold on.Don't let it get the best of you stay strong.



Writing and cookery are just two different means of communication.

Writing and cookery are just two different means of communication.



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Everything except God has some natural superior; everything except unformed matter has some natural inferior.



Even before the election I was saying that the rhetoric used by Trump was going to cause violence before and after the election. That was easy to predict.

Even before the election I was saying that the rhetoric used by Trump was going to cause violence before and after the election. That was easy to predict.



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A painted landscape is always more beautiful than a real one, because there's more there. Everything is more sensual, and one takes refuge in its beauty.



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I do remember the people who believed in me in the beginning. I'll never forget that.



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It is in your self-interest to find a way to be very tender.



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The warmth of his embrace soaked into me, a powerful charm against the dark things.




Quote Description


This page presents the quote "The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.". Author of this quote is Paul Krugman. This quote is about time, danger, happens, people, pay, real, debt,.