Paul Krugman Quotes
It’s not about the budget; it’s about the power...So will the attack on unions succeed? I don’t know. But anyone who cares about retaining government of the people by the people should hope that it doesn’t.
Krugman, Paul. "Wisconsin Power Play." The New York Times, 20 Feb. 2011.
Roosevelt shocked the conservative members of his own party with this statement. Labor unions were not then an accepted concept in American society. Anti trust legislation and enforcement was in its infancy and companies in an industry commonly conspired as to price fixing, labor negotiations and market share allocations. TR had a scrupulous sense of fairness and equity.
Paul Robin Krugman is an American economist who is the Distinguished Professor of Economics at the Graduate Center of the City University of New York, and a columnist for The New York Times. In 2008, Krugman was awarded the Nobel Memorial Prize in Economic Sciences for his contributions to New Trade Theory and New Economic Geography. The Prize Committee cited Krugman's work explaining the patterns of international trade and the geographic distribution of economic activity, by examining the effects of economies of scale and of consumer preferences for diverse goods and services.