Paul Krugman Quotes
There's nothing magic about spending on tanks and bombs rather than roads and bridges.
Krugman, Paul. End This Depression Now! W. W. Norton & Company, 2012.
Prior to this important case, many politicians were of the opinion that the Constitution prohibited taking tax money from one state and spending it in another. There was almost an assumption that States will raise the taxes and expend the funds that are necessary of the society.
To a great extent, the same is true in our modern world.
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.