Sometimes we can find inspiration in the less expected places. This is the case of Paul Krugman, the famous professor of economics and international affairs., Who received honors and awards Thank you for your views, visions and writings on the impact of the economy on global geography.
Want to know how this economist can inspire your thoughts? so don’t miss this article where we will show you the best Paul Krugman quotes.
Paul Krugman and his influential ideas
His path has always been the economy and this is the course by which he is now knownBut above all, what led him to deserve an economics prize from the Bank of Sweden in memory of Alfred Nobel.
However, their main contributions are that we don’t always need to rigidly and rigidly support an idea if, over time, we perceive that it has taken a different course or something negative than we imagined. . As was the case with their beliefs on free trade.
- And also: “The 45 best quotes about economics and finance”
Best quotes from Paul Krugman
Learn a little more about the harsh wisdom of this economist who influenced and publicized the realities of the financial world. Here is our pick of the best quotes from economist Paul Krugman.
1. It is not worth having a reform if it is obtained by making so many concessions that end up condemning it to failure
Reforms must always benefit the people.
2. The attractiveness for people suffering from intellectual insecurity is also more important than it seems. Because the economy affects a large part of life, everyone wants to have an opinion
Everyone wants to say theirs, even if they don’t know the subject
3. For the vast majority of people, the process of economic recovery should not be painful or involve sacrifice.
Because the economy should provide our peace of mind, not turmoil.
4. My favorite zombie is the belief that lowering taxes on the rich grows the economy and generates wealth that eventually spreads to the entire population.
Taxes must be balanced against the possibility of knowing who pays them.
5. What you should really be looking for, in a world that always confronts us with unpleasant surprises; it is intellectual integrity: the predisposition to face facts; even when they disagree with their ideas and the ability to admit mistakes and change course
Integrity is what makes us valuable people.
6. Ending this depression would be an experience that would make almost everyone feel good, with the sole exception of those who are immersed, politically, emotionally and professionally in obsessed economic doctrines.
You have to understand that it is they who are in a high position, those who benefit from an unstable economy.
7. Many say, for example, that the admission criteria, even at elite universities, have been drastically lowered.
Apparently now they are only studying, who can afford it.
8. When monetary expansion is ineffective, fiscal expansion, such as loan-financed public works programs, must take its place. Such fiscal expansion can break the vicious cycle of low spending and low income
Social programs can help people, but at a high cost to the economy.
9. But remember, this is by no means a general policy recommendation; it is essentially a strategy of desperation, a dangerous drug that will only be prescribed if the usual over-the-counter remedy of monetary policy fails.
Paul Krugman continues with the previous idea about the imbalance that well-being can cause.
10. This long term is a misguided guide to understanding the present. In the long run we’ll all be dead
Whatever our plans, we should always set short-term goals for ourselves.
11. Reducing taxes on the rich does not generate wealth, it only serves to enrich the rich
An idea that does not need to be explained further.
12. Who is to blame for replacing serious discussion of world trade with what I have come to regard as “popular internationalism”?
Now the economy is in favor of benefiting those who are in the foreground, rather than doing it with everyone.
13. Why has Europe reacted so badly to its crisis? I have already outlined part of the answer: Many of the continent’s leaders seem determined to ‘Hellenize’ history and believe that those who are going through hardship – not just Greece – have come here because of fiscal irresponsibility.
Sometimes the best solutions are not suitable for the power.
14. It is believed that a third of those entering Harvard University would not have been admitted twenty years ago.
Is it now necessary to purchase each entry?
15. To some extent, of course, this is the result of basic human instincts: Intellectual laziness, even among those who would be perceived as wise and profound, will always be a powerful force.
The disadvantages do not only affect the economics of the powerful, but critical thinking.
16. If you are involved in politics in areas close to the Republican Party, you must stand up for these ideas, even if you know they are wrong.
What are you ready to offer to reach the top?
17. Economists consider a task too easy and unnecessary though, in times of storm; the only thing they can tell us is that when the storm passes the waters will have calmed down again
Remember, actions are worth a thousand words.
18. If the problem was tax waste, fiscal rectitude should be the solution.
Should something this simple be easy to apply or not?
19. And the role of publishers, who often prefer what pop internationalists should say, to the disturbing ideas of people who can read national accounts or understand that the trade balance also makes a difference, should not be ignored. Between savings and investment.
After all, for them it is more important to maintain an impeccable facade.
20. I am not a saint but I am willing to pay more taxes
Everyone should work for a more stable and fairer economy.
21. At the onset of the financial crisis, the jokers said that our relationship with China had been fair and balanced, after all: they were selling us poisoned toys and tainted fish, and we were selling them fraudulent titles.
What outcome can we expect from an initially bad relationship?
22. In short, the success of macroeconomic activism, in theory and in practice, has allowed free market microeconomics to survive.
The economy is a great vicious circle that fuels good or bad.
23. The rich spend a lot of money to make people believe that lowering taxes is good for all people.
Can Money Need?
24. The American Prospect is the same international pop; they deliberately use their magazines as platforms for what amounts to an anti-intellectual crusade
The media, according to Paul, is the primary vehicle for expanding the disinformation they want us to do.
25. The economy is presented as a moral work, but with one more step: in reality, the sins for which it is punished never took place.
Moral commerce takes place today or it is just a forgotten utopia
26. If we found out that some extraterrestrials in space were planning to attack us and we were to organize a mass assembly to defend ourselves from this threat so that inflation and the budget took a back seat, this crisis would end. In 18 months
What are the government’s economic priorities?
27. The conditions policies have a major influence on income distribution
How much is our life worth in a country?
28. I think that as long as fossil fuels are cheap, people will use them and delay the switch to new technologies.
Sometimes green and tech solutions are not as practical for the economy as they are.
29. We have done very little to address the problems that caused the Great Recession. We haven’t learned the lesson
Instead, it seems like we’re trying to downplay something very important.
30. We are in a situation where the worst seems to triumph
In today’s society, a few qualms seem to emerge when it comes to integrity.
31. Why doesn’t policy work seem to conflict with my “real” research? I think it’s because I’ve been able to solve policy issues using almost the exact same method that I use in my most basic job.
Adaptability to work is essential to achieve our goals while avoiding possible problems.
32. If you did not pass the first one, try again and again
Persistence is the basis of success, sometimes getting things done at first can be just a fluke.
33. Workers are much more reluctant to accept, say, at the end of the month, a deposit of 5 percent less than what they received in their account, than not to accept unchanged income. purchase, but is eroded by inflation.
People pay little attention to large numbers when it comes to money, rather than their true purchasing power.
34. Admit it: I had fun watching right-wingers go wild as health care reform finally kicked in.
When they act on injustices, great pleasure is obtained.
35. Lack of social coverage is one of the main causes of inequalities and the loss of social mobility
In order to reduce inequalities, it is strictly necessary that policies that aim to achieve this goal reach all.
36. The aim is not to penalize the rich, it is simply a question of making them pay their share of the financing of public policies that the rest of the population needs.
Taxes on the rich should not be unfair to penalize, but fair to their capital to contribute equally to the state.
37. If a collapse occurs tomorrow, the tools to revive the economy will be weaker
We are currently unprepared for an economic crisis.
38. The United States remains a prime location for the top 5% … it’s a public society. We treat our elites very well
The Western perspective continues to praise the rich, increasingly rejecting equality.
While the forces of globalization affect all developed countries alike, the distribution of income differs from country to country.
The globalized market affects all countries equally based on what they will spend, but not on the reward they will get.
40. Apparently, a significant portion of the citizens believe in a higher political or religious truth and think it is okay to lie if you serve that higher truth.
Much of the population hides its actions under the guise of false ideals, leaving aside its scruples.
41. I believe that the implementation of universal health coverage, which is something that can be done, is a priority and would be a big step forward.
A public and globalized health care system is the next step in the evolution of society.
42. If people are politically stupid, it is because there are people who are very interested in keeping them that way.
Those who control politics don’t want everyone to understand it.
43. There is no scientific evidence to suggest that raising the minimum wage to a certain limit would lead to an increase in unemployment.
There is still a range in which the minimum wage could be raised without causing economic problems.
44. There is an episode in Twilight Zone in which scientists show an alien invasion to achieve world peace. Well this time we don’t need it because what we need is to get some fiscal stimulus
Great causes motivate the development of different economic policies that favor people. As in the case of the end of WWII in the United States.
45. Productivity is not everything, but in the long run it is almost everything
Being productive in all aspects of our life will help us achieve our goals and our happiness.
46. A temporary evolution of ignorance, a period in which our insistence on looking in certain directions makes us unable to see what is right under our noses, may be the price of progress, an inevitable part of what is happening. produced when we try to make sense of the complexity, of the world
In order to progress, we must start with the little things that we have in front of us. It doesn’t make sense to start going through a pyramid from the top.
47. Reality has never lived up to what the American dream let us expect
We must not let dreams distort our reality, we must dream as much as possible.
48. There is a lot of corruption; there are politicians who let themselves be bought off, either by those who contribute to their campaign or by personal bribes
Corruption is everywhere, it is impossible to target a single sector of the population.
49. When you are asked to take a pay cut, it is very difficult to know if your boss is taking advantage of you.
Accepting a pay cut is a leap of faith.
50. The point is that every successful example of economic development in the last century, every instance of a poor nation that has achieved a more or less decent, or at least better, standard of living has been achieved through globalization, c that is to say production for the world market, rather than attempting self-sufficiency.
Today, the best way out of poverty is globalization, being self-sufficient is impossible with current needs.
51. I have friends, political scientists, sociologists, who share an interest in at least some types of science fiction.
As serious as a person may seem, we all need to escape from reality.
52. We are not being honest with people if we give them the idea that tax cuts are paid for and offset by themselves
Omitting the truth about economic cuts is always a lie
53. A country’s ability to improve its standard of living over time depends almost entirely on its ability to increase output per worker.
The standard of living of the countries is conditioned by the productivity of each one.
54. To fight the recession, the Fed must react with force; family spending must be increased to compensate for sluggish business investment
Ironically, the way to reverse a recession is to spend more to stimulate the economy.
55. Climatologists soon see how their research is not only ignored but continued
Research to save the environment to threaten the current economic system.
56. The best you can say about the economic policy in this depression is that, for the most part, we have avoided a complete recurrence of the Great Depression.
The greatest achievement of the modern economy has been not to fall into another great recession.
57. In most cases, perhaps in almost all, corruption is more vague and more difficult to identify.
Corruption is so hard to find why there are so many people involved hiding it.
58. Even if the debt ceiling is raised enough to prevent immediate default, even if the government shutdown somehow ends, it will only be a temporary postponement.
All our debts must be paid, we cannot run away forever.
59. I believe in a relatively egalitarian society, supported by institutions that limit extremes of wealth and poverty
To achieve equality, poverty and wealth must be limited.
60. First of all, we must stop showing that we have honest and sincere discussions
Lying about what we think and say will not lead to any progress.
61. Will we have the will to undertake serious reform of the financial system? Otherwise, the current crisis will not be one-off, but the pattern that future events will follow
To get out of the global economic crisis, we must abandon this economic system or we will only catch up with the future.
62. Politicians are rewarded for retaining certain posts, which makes them more firmly in favor, or even convinced that they have not actually bought them.
Any man can be bought even without knowing it.
63. I believe in democracy, civil liberties and the rule of law. It makes me liberal and I’m proud of it
We should be proud of who we are and our beliefs
64. But the Californian precedent continues to haunt me. Who said that the largest state in the United States, a state with an economy larger than most countries except a few, could so easily become a banana republic?
Every economy in the world is at constant risk, it will not always be at the top.
65. From the outside, it is difficult to see the difference between what they “really” believe and what they are paid for.
Deceiving people is extremely easy, which is why we have to be very critical and careful.
66. Once the economy is deeply depressed, households and especially businesses may not be willing to increase their spending no matter what their money, they may simply add monetary expansion to their advice.
While the way to jumpstart the economy in times of depression is to spend, many will not spend for fear of losing everything.
67. Politics determines who has the power, not who has the truth
Politics never seeks the truth, it only seeks power to construct its truth.
68. The idea that honesty in the face of reality is a virtue seems to have disappeared from public life
Honesty seems a bit outdated today
69. Stories of people moving out of poverty and becoming rich are very, very rare
In our economic system, getting out of poverty is almost impossible, which is why we need change.
70. The only way to make sense of what happened is to see the vote as an expression, well, of identity politics.
Voting is a representation of each person’s ideals, it will help us predict the course of things.
71. The origins of our suffering are relatively insignificant in the order of the universe and could be fixed with relative speed and ease if there were enough people in the places of power who understood reality.
To solve problems, we need our leaders to understand them.
72. No one is perfectly honest, but the brazen sea of lies we are now experiencing is something new
Absolute sincerity has never existed, but the society that rejects it is mediocre.
73. This situation, in which monetary policy has become ineffective, is known as the “liquidity trap”.
The funny thing is that economic policy often puts us there.
74. Uninsured persons today are young people or young families
Security of needs has become another luxury.
75. Technology is our friend. We have at our disposal a low emission economy at a very low cost
The proper use of technology can help revive the economy.
76. How reassuring then to be told that everything is irrelevant, that all you really need to know are simple ideas!
Life is simpler than it looks, the hard part is to accept it.
77. We are all vulnerable to beliefs that suit us
And to give up all our values for them.
78. National political conditions therefore prevail over globalization
Nothing should be more important to a country like it and its people.
79. These are not people, but ideas which are ardently defended by certain politicians and media commentators, generally conservative, and which have one thing in common: they are totally unfounded.
People are a collection of all of our ideas, good or bad.
80. The idea that there is only one thing called capitalism is not correct
To deny the existence of capitalism today is absurd.