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Paul Krugman Quotes: If the price of everything is going down, that's going to include wages as well. People will have an incentive to sit on their cash and not spend it.
         

If the price of everything is going down, that's going to include wages as well. People will have an incentive to sit on their cash and not spend it.


Paul Krugman
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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.



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

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



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.



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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.



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.





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If Marilyn Monroe was alive right now, what would she be doing?'Clawing at the roof of her coffin.

If Marilyn Monroe was alive right now, what would she be doing?'Clawing at the roof of her coffin.



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...Sigerius realized that every academic looked like every other academic." - Bonita Avenue, p.49



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We can build a society grounded on friendship and our common humanity - a society founded on tolerance. That is the only road open to us.



There is no dispute managed without passion, and yet there is scarce a dispute worth a passion.

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Quote Description


This page presents the quote "If the price of everything is going down, that's going to include wages as well. People will have an incentive to sit on their cash and not spend it.". Author of this quote is Paul Krugman. This quote is about cash, wages, incentives, people,.