Europe is often held up as a cautionary tale, a demonstration that if you try to make the economy less brutal, to take better care of your fellow citizens when they're down on their luck, you end up killing economic progress. But what European experience actually demonstrates is the opposite: social justice and progress can go hand in hand.
The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth. - Paul Krugman
The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.
- Paul Krugman
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 dema… - Paul Krugman
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 dema…
Middle-class societies don't emerge automatically as an economy matures, they have to be CREATED through political action. - Paul Krugman
Middle-class societies don't emerge automatically as an economy matures, they have to be CREATED through political action.
Seven habits that help produce the anything-but-efficient markets that rule the world. 1. Think short term. 2. Be greedy. 3. Believe in the gre… - Paul Krugman
Seven habits that help produce the anything-but-efficient markets that rule the world. 1. Think short term. 2. Be greedy. 3. Believe in the gre…
Debt is one person's liability, but another person's asset. - Paul Krugman
Debt is one person's liability, but another person's asset.
In our country, learned ignorance is on the rise. - Paul Krugman
In our country, learned ignorance is on the rise.
Rising inequality isn’t about who has the knowledge; it’s about who has the power. - Paul Krugman
Rising inequality isn’t about who has the knowledge; it’s about who has the power.
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. - Paul Krugman
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.
The important thing to understand is that the case for pollution control isn't based on some kind of aesthetic distaste for industrial society. Pollu… - Paul Krugman
The important thing to understand is that the case for pollution control isn't based on some kind of aesthetic distaste for industrial society. Pollu…
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