There's one thing that the Fed has been really good at cracking down on, and that's inflation.
Paul KrugmanAs I've often said, you can shop online and find whatever you're looking for, but bookstores are where you find what you weren't looking for.
Paul KrugmanI've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.
Paul KrugmanWhen depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly.
Paul KrugmanThe growth of the Internet will slow drastically, as the flaw in 'Metcalfe's law'โwhich states that the number of potential connections in a network is proportional to the square of the number of participantsโbecomes apparent: most people have nothing to say to each other! 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