But Wall Street people are in fact very smart; they're funny, they're not company men who work their way up the chain.
Paul KrugmanUnder the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933.
Paul KrugmanPeople who are complaining about the Fed are people who've been predicting runaway inflation for five and six years, and it hasn't happened.
Paul KrugmanWe know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis.
Paul KrugmanThe key reason executives are paid so much now is that they appoint the members of the corporate board that determines their compensation and control many of the perks that board members count on. So it's not the invisible hand of the market that leads to those monumental executive incomes; it's the invisible handshake in the boardroom.
Paul KrugmanWhere's that toxic rhetoric coming from? Let's not make a false pretense of balance: it's coming, overwhelmingly, from the right. It's hard to imagine a Democratic member of Congress urging constituents to be "armed and dangerous" without being ostracized; but Representative Michele Bachmann, who did just that, is a rising star in the G.O.P.
Paul Krugman