Paul Krugman: Simple does not mean stupid

“Simple doesn’t mean stupid. Thinking that it does, does.” – Paul Krugman.

Paul Krugman: Manufacturing

“There are clearly a lot of things that India could be manufacturing. That is why India probably needs to move more into manufacturing. Service export, not necessarily the service sector as a whole, disproportionately employs highly educated, high skilled people. You need to create jobs for hundreds of millions of people who are going to need jobs that do not require those skills. Manufacturing is a natural place to employ people.”

—Paul Krugman. 

Paul Krugman: Even-handed

“The media are desperately afraid of being accused of bias. And that’s partly because there’s a whole machine out there, an organized attempt to accuse them of bias whenever they say anything that the Right doesn’t like. So rather than really try to report things objectively, they settle for being even-handed, which is not the same thing. One of my lines in a column—in which a number of people thought I was insulting them personally—was that if Bush said the Earth was flat, the mainstream media would have stories with the headline: ‘Shape of Earth—Views Differ.’ Then they’d quote some Democrats saying that it was round.” 

― Paul Krugman. 

Paul Krugman: Abolish the fire department

Paul Krugman, Laureate of the Sveriges Riksban...

Image via Wikipedia

“Anyone who says we need to be bipartisan should bear in mind that for the last several weeks Mitch McConnell, the Senate Minority Leader had been trying to stop reform with possibly the most dishonest argument ever made in the history of politics, which is the claim that having regulation of the banks actually bailing out the banks and that basically the argument boiled down to saying what we really need to do to deal with fires is abolish the fire department, because then people will know that they can’t let their buildings burn in the first place, right. It’s an incredible… so anyone who says bipartisan doesn’t include the Senate Minority Leader.”

– Paul Krugman

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