Revision as of 20:31, 12 August 2025

Paul Krugman

American economist and Nobel laureate (2008), columnist for The New York Times.

New Keynesian Economics

"Productivity isn't everything, but in the long run it is almost everything."

—Paul Krugman, The Age of Diminished Expectations (1990), p. 11, MIT Press

"By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's."

—Paul Krugman, Red Herring Magazine (1998)

"The problem with digital goods is that they have high fixed costs and zero marginal costs."

—Paul Krugman, The Return of Depression Economics (2009), p. 189, W.W. Norton

"Debt is money we owe to ourselves."

—Paul Krugman, New York Times (2015), February 6, 2015, "Nobody Understands Debt"

"Bitcoin is a bubble wrapped in techno-mysticism inside a cocoon of libertarian ideology."

—Paul Krugman, New York Times (2018), January 29, 2018, "Bubble, Bubble, Fraud and Trouble"

"The real danger is deflation, not inflation."

—Paul Krugman, End This Depression Now! (2012), p. 38, W. W. Norton

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 [[Category:Economist]]
 [[Category:New Keynesian Economics]]
+== Additional Notable Quotes ==
+=== On Deflation and Central Banking ===
+<blockquote>"Debt is money we owe to ourselves."</blockquote>
+—Paul Krugman, ''New York Times'' (2015), February 6, 2015, "Nobody Understands Debt"
+=== On Digital Currency and Monetary Policy ===
+<blockquote>"Bitcoin is a bubble wrapped in techno-mysticism inside a cocoon of libertarian ideology."</blockquote>
+—Paul Krugman, ''New York Times'' (2018), January 29, 2018, "Bubble, Bubble, Fraud and Trouble"
+=== On Deflation and Central Banking ===
+<blockquote>"The real danger is deflation, not inflation."</blockquote>
+—Paul Krugman, ''End This Depression Now!'' (2012), p. 38, W. W. Norton