The fact is that the two years or so after 9/11 were a terrible time in America โ a time of political exploitation and intimidation, culminating in the deliberate misleading of the nation into the invasion of Iraq. Itโs probably worth pointing out that Iโm not saying anything now that I wasnโt saying in real time back then, when Bush had a sky-high approval rating and any criticism was denounced as treason. And thereโs nothing Iโve done in my life of which Iโm more proud.
Paul Krugman[T]he next time you hear serious-sounding people explaining the need for fiscal austerity, try to parse their argument. Almost surely, you'll discover that what sounds like hardheaded realism actually rests on a foundation of fantasy, on the belief that invisible vigilantes will punish us if we're bad and the confidence fairy will reward us if we're good. And real-world policy - policy that will blight the lives of millions of working families - is being built on that foundation.
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 real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.
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 KrugmanYou know that Republicans will yell about the evils of partisanship whenever anyone tries to make a connection between the rhetoric of Beck, Limbaugh, etc. and the violence I fear weโre going to see in the months and years ahead. But violent acts are what happen when you create a climate of hate. And itโs long past time for the GOPโs leaders to take a stand against the hate-mongers.
Paul Krugman