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The Keynesian answer to a liquidity trap is for the government to do what the private sector will not: spend.

— Paul Krugman Peddling Prosperity (1994)

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More quotes by Paul Krugman

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.

The deficit is not nearly the monster some people imagine.

Peddling Prosperity (1994)

If growth in East Asia is indeed running into diminishing returns, however, the conventional wisdom about an Asian-centered world economy needs some rethinking.

Pop Internationalism (1996)

Ronald Reagan stands accused of inflicting a huge burden of debt upon his country.

Peddling Prosperity (1994)

The usual and basic Keynesian answer to recessions is a monetary expansion.

Peddling Prosperity (1994)

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Ill can he rule the great, that cannot reach the small.

Edmund Spenser The Faerie Queene (1589)

The essence of Government is power; and power, lodged as it must be in human hands, will ever be liable to abuse.

James Madison

Bureaucracy and social harmony are inversely proportional to each other.

Leon Trotsky The Revolution Betrayed (1936)

There is danger from all men. The only maxim of a free government ought to be to trust no man living with power to endanger the public liberty.

John Adams

Attribution

Quote text and notes from Wikiquote: Paul Krugman (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.