Paul Krugman Quotes

Hillary Clinton has no understanding of the economy at all.

Not understanding the process of a spontaneously-ordered economy goes hand-in-hand with not understanding the creation of resources and wealth.

I understand how the economy actually works.

I'm absolutely a Ron Paul fan.

If socialists understood economics, they wouldn't be socialist.

At the heart of capitalism is the unification of knowledge and power. As Friedrich Hayek, the leader of the Austrian school of economics, put it, "To assume all the knowledge to be given to a single mind... is to disregard everything that is important and significant in the real world." Because knowledge is dispersed, power must be as well.

The Trouble with liberals is twofold: They have a horrible blind spot with respect to moral principles and they have an abysmal understanding of economic principles.

If libertarianism were easy to explain, and it weren't easy to exaggerate the effects of libertarianism, I think it would have been done already. Many many very intelligent people have applied themselves to crafting an agenda that people could grab ahold of. But the problem of course is that libertarianism isn't political. It is kind of anti-political. It wants to take a lot of things out of the political arena.

The seminar in economic theory conducted by Hayek at the L.S.E. in the 1930s was attended, it came to seem, by all of the economists of my generation - Nicky Kaldor , Thomas Balogh, L. K. Jah, Paul Rosenstein-Rodan, the list could be indefinitely extended. The urge to participate (and correct Hayek) was ruthlessly competitive.

I seemed to be upon the verge of comprehension, without the power to comprehend as men, at time, find themselves upon the brink of rememberance, without being able, in the end, to remember.

You'll understand when you've forgotten what you understood before

Maybe forgetfulness, like a kind snow, should numb and cover them. But they were a part of me. They were my landscape.

What's the single most important thing to learn from an economics course today? What I tried to leave my students with is the view that the invisible hand is more powerful than the hidden hand. Things will happen in well-organized efforts without direction, controls, plans. That's the consensus among economists. That's the Hayek legacy.

Lord, keep my memory green.

The pain of leaving those you grow to love is only the prelude to understanding yourself and others.

[Her] love and tenderness ... gave me the faith in love that enabled me to face my dead at last and write this play-write it with deep pity and understanding and forgiveness for all the four haunted Tyrones.

I'm not really much into politics, because it's rarely discussed in my line of work.

Words and feathers the wind carries away.

Freudian psychoanalytical theory is a mythology that answers pretty well to Levi-Strauss's descriptions. It brings some kind of order into incoherence; it, too, hangs together, makes sense, leaves no loose ends, and is never (but never) at a loss for explanation. In a state of bewilderment it may therefore bring comfort and relief.... give its subject a new and deeper understanding of his own condition and of the nature of his relationship to his fellow men. A mythical structure will be built up around him which makes sense and is believable-in, regardless of whether or not it is true.

Property, the right to enjoy the fruits of one's labor, the right to work, to develop, to exercise one's faculties, according to one's own understanding, without the state intervening otherwise than by its protective action; this is what is meant by liberty

In politics, as in womanizing, failure is decisive. It sheds its retrospective gloom on earlier endeavor which at the time seemed full of promise.

The past is not a peaceful landscape lying there behind me, a country in which I can stroll wherever I please, and will gradually show me all its secret hills and dales. As I was moving forward, so it was crumbling. Most of the wreckage that can be seen is colourless, distorted, frozen: its meaning escapes me... all that's left is a skeleton. I shall never find my plans again, my hopes and fears - I shall not find myself.

When someone's been gone a long time, at first you save up all the things you want to tell them. You try to keep track of everything in your head. But it's like trying to hold on to a fistful of sand: all the little bits slip out of your hands, and then you're just clutching air and grit.

The best test of whether someone is extremely stupid (or extremely wise) is whether financial and political news makes sense to him.