Paul Krugman Quotes

It is the policy of the federal government to use all resources at its disposal to make our financial system stronger.

Fiscal discipline can turn the economy around.

At this time - we're in a dramatic crisis - euro bonds are precisely the wrong answer. They lead us into a debt union, not a stability union. Each country has to take its own steps to reduce its debt.

You cannot spend your way out of recession or borrow your way out of debt.

When you're the president of the United States and you know that the biggest issue facing you is this cliff that we're about ready to head over if we don't get this spending and debt situation under control, it's very irresponsible not to take the action that is necessary to fix the problem.

I will work to restore fiscal responsibility to our country's budget and to provide for a more robust economy.

I sum up the prospects for 1967 in three short sentences. We are back on course. The ship is picking up speed. The economy is moving. Every seaman knows the command at such a moment: 'steady as she goes'.

We have a spending problem, not a taxing problem. The less we spend, the more jobs we have the potential to create.

The more we can do to address fiscal austerity, the better our markets will do, and there is a real political shift to doing that.

Political leaders cannot survive as advocates of near-permanent austerity on the basis of directives imposed from abroad.

If a debt crisis results from government profligacy and mismanagement, rather than from a market failure, it is true that the central bank should not intervene.

But I think the global economy will understand that the United States has the ability to meet its obligations. But it's not going to be able to do it over the long term if we can't control the growth of government.

The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.

Gradual fiscal consolidation may also be stimulative in the short run.

If we don't get a grip on government spending, there will be no growth.

Europe is trying to get its fiscal house in order.

The Prime Minister in the UK thinks spending and borrowing more is the right thing to do in the circumstances, and is busily trying to bail out chunks of the private sector which would otherwise have to adjust more quickly to the painful reality that we have been living beyond our means.

Obama hasn't passed a budget in four years, he's a wuss. Obama has rejected the recommendation of his own Simpson-Bowles, on a budget package, he's a wuss. He wants to lead from behind, he's a wuss!

In the medium and long term. Spain is solvent and able to pay its high debts. In the short-term, we have the capacity to meet our obligations.

We have to reduce the burden placed on our economy by years of deficits and debt.

Governments cannot assume or expect that the ECB will always facilitate their funding independently of the achievement of their fiscal and other policy objectives.

It's insane to try to balance the budget.

We need to get rid of the debt ceiling law. It's anachronistic and it's a problem.

In fighting the debt crisis, E.U. countries have enhanced co-operation and carried out reform with tremendous courage. This is laudable.

But the debt limit obviously is something that needs to and will be passed. That is not inconsistent with a process and a belief that we have to get significant deficit reduction.