...academic credentials are neither a necessary nor a sufficient condition for having your ideas taken seriously. If a famous professor repeatedly says stupid things, then tries to claim he never said them, there's no rule against calling him a mendacious idiot - and no special qualifications required to make that pronouncement other than doing your own homework.Conversely, if someone without formal credentials consistently makes trenchant, insightful observations, he or she has earned the right to be taken seriously, regardless of background.
Paul KrugmanGovernments do not necessarily act in the national interest, especially when making detailed microeconomic interventions. Instead, they are influenced by interest group pressures. The kinds of interventions that new trade theory suggests can raise national income will typically raise the welfare of small, fortunate groups by large amounts, while imposing costs on larger, more diffuse groups.
Paul KrugmanThe problem isn't that people don't understand how good things are. It's that they know, from personal experience, that things really aren't that good.
Paul KrugmanItโs not about the budget; itโs about the power...So will the attack on unions succeed? I donโt know. But anyone who cares about retaining government of the people by the people should hope that it doesnโt.
Paul Krugman