Paul Krugman Quotes

Massive Federal Budget Deficits are only the most conspicuous sign of a society that has promised itself more than it could afford.

Chidamabaram has ruined the economy. He has turned out to be a third-rate failure as finance minister.

When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident.

Why are CEO's who slash jobs so proud of themselves? Instead of bragging about 'cutting fat,' they ought to be getting up before their employees and saying, We did such a lousy job of planning and hiring that we have more people than work. And we are so broke and so dim-witted that we can't come up with any way to get more work. So our only solution is to send a lot of good people home. I am ashamed and I am sorry.

If funding for DHS is delayed, it will have a grave effect on Washington's economy as commerce grinds to a halt along the Canadian border.

Foreigners will eventually own so much of America that there will be nothing left to trade.

No economy can tolerate the level of corruption seen in Nigeria without consequences.

Iceland is a rich country, but in the early 21st century, this prosperity got to our heads, and in 2008, it collapsed.

The costs of badly-run NASA projects are paid for with cutbacks or delays in NASA projects that didn't go over budget. Hence the guilty are rewarded and the innocent are punished.

He did not go much further, but sat down on the cold floor and gave himself up to complete miserableness, for a long while. He thought of himself frying bacon and eggs in his own kitchen at home - for he could feel inside that it was high time for some meal or other; but that only made him miserabler.

Unfair trade practices drive up rents for younger people. They will drive up home prices for first-time home-buyers. So it's not just that we're losing jobs and factories. We're giving away our homes, our businesses, our companies, our technologies.

To put all of your eggs in one basket is silly.

The manufacturer who finds himself up the creek is the short-sighted opportunist who siphons off all his advertising dollars for short-term promotions.

The hastily crafted [stimulus] bill, with its corrupt funding of ACORN and other favors, is a disgracefully irresponsible effort to expand the public sector, diminish the private sector, empower the autocrats, and further divest us of our individual liberties - all at the expense of present and future generations.

The thing that's really important to understand is, the last thing an empire traditionally does is drive itself into bankruptcy. You've seen that with the great empires.

And one game, as we know, can cost you a lot.

Stocks are at an all-time high today. I don't have any money in the stock market. I don't have the stomach for the ups and downs. So about 20 years ago I put all of my money and liquid assets into videotape rewind machines.

In the wake of the housing debacle in California, more people are buying less expensive homes, making bigger down payments, and staying away from 'creative' and risky financing. It is amazing how fast people learn when they are not insulated from the consequences of their decisions.

The assets of the Jewish National Home must be created exclusively through our own work, for only the product of the Hebrew labor can serve as the national estate.

Unfortunately [René] Lévesque had so little self confidence in Quebec and in the people themselves, that he fell for that and, yes, he'd say, you know, it might be ruinous for us economically.

The wiping out of millions of homes took away Black and Brown wealth. It drove poverty, it drove unemployment, it drove people to food stamps.

It's not fair to say that Congress spends money like a drunk sailor. At least the sailor is spending his own money!

As a matter of fact, the African Union itself estimated that every year corruption alone costs Africa $148 billion. If African leaders could cut that in half, they'll find more money than what Tony Blair is trying to raise for them.

Most people spend their lives building financial houses of straws, which are susceptible to wind, fire, rain and big bad wolves.

That's our plan? We're going to walk fifty kilometers, right past the Germans, to a poultry collective that maybe didn't get burned down, grab a dozen eggs, and come home?" "Well, anything would sound ridiculous if said it in that tone of voice." "Tone of....I'm asking you a question!