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Paul Krugman Quotes: By rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact, has made another crisis more likely.
         

By rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact, has made another crisis more likely.


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



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



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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



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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.



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



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



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



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





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Quote Description


This page presents the quote "By rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact, has made another crisis more likely.". Author of this quote is Paul Krugman. This quote is about facts, financial, protect, crisis, made, financial system, done,.