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Paul Krugman Quotes: Bad ideas flourish because they are in the interest of powerful groups.
         

Bad ideas flourish because they are in the interest of powerful groups.


Paul Krugman
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"Paul Krugman Quotes." Quoteslyfe.com, 2024. Sat. 21 Dec. 2024. <https://www.quoteslyfe.com/quote/Bad-ideas-flourish-because-they-are-in-941402>.





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Other quotes of Paul Krugman


Rising inequality isn’t about who has the knowledge; it’s about who has the power.

Rising inequality isn’t about who has the knowledge; it’s about who has the power.



A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble

A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble



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.

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.



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 demanded, and hence leads to unemployment.

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 demanded, and hence leads to unemployment.



Middle-class societies don't emerge automatically as an economy matures, they have to be CREATED through political action.

Middle-class societies don't emerge automatically as an economy matures, they have to be CREATED through political action.



There are no atheists in foxholes and there are no libertarians in financial crises.

There are no atheists in foxholes and there are no libertarians in financial crises.



We should try to create the society each of us would want if we didn't know in advance who we'd be.

We should try to create the society each of us would want if we didn't know in advance who we'd be.



Outrageous fiscal mendacity is neither historically normal nor bipartisan. It’s a modern Republican thing.

Outrageous fiscal mendacity is neither historically normal nor bipartisan. It’s a modern Republican thing.



If you want to understand opposition to climate action, follow the money.

If you want to understand opposition to climate action, follow the money.



I think so long as fossil fuels are cheap, people will use them and it will postpone a movement towards new technologies.

I think so long as fossil fuels are cheap, people will use them and it will postpone a movement towards new technologies.





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At X-Feer, we teach how to solve problems not how to write a code because that's the most important thing in coding.

At X-Feer, we teach how to solve problems not how to write a code because that's the most important thing in coding.



FORTRAN is not a flower but a weed - it is hardy, occasionally blooms, and grows in every computer.

FORTRAN is not a flower but a weed - it is hardy, occasionally blooms, and grows in every computer.



Hope is a thing with feathers

Hope is a thing with feathers



She whom smiles and tears make equally lovely may command all hearts.

She whom smiles and tears make equally lovely may command all hearts.



I don't have the inclinations that other people seem to have as far as the business is concerned.

I don't have the inclinations that other people seem to have as far as the business is concerned.



To give a child liberty is not to abandon him to himself.

To give a child liberty is not to abandon him to himself.



As soon as you set yourself up in the position of transferring paint from one place to another, your whole culture invades you. It tells you all about the history of art.

As soon as you set yourself up in the position of transferring paint from one place to another, your whole culture invades you. It tells you all about the history of art.



I want to feel what’s mine. What’s always been mine.

I want to feel what’s mine. What’s always been mine.



Why should any country continue, forever, to be "great"?

Why should any country continue, forever, to be "great"?




Quote Description


This page presents the quote "Bad ideas flourish because they are in the interest of powerful groups.". Author of this quote is Paul Krugman. This quote is about powerful, groups, bad ideas, interest, ideas,.