A Quote by Paul Krugman

If you want a simple model for predicting the unemployment rate in the United States over the next few years, here it is: It will be what Greenspan wants it to be, plus or minus a random error reflecting the fact that he is not quite God.
I can't possibly predict precisely what the unemployment rate will be at the end of one year. I can tell you that over a period of four years, by virtue of the policies that we'd put in place, we'd get the unemployment rate down to 6%, and perhaps a little lower.
I ask particularly that those of you who are now in school will prepare yourselves to bear the burden of leadership over the next 40 years here in the United States, and make sure that the United States - which I believe almost alone has maintained watch and ward for freedom - that the United States meet its responsibility. That is a wonderful challenge for us as a people.
Within 2 years Im predicting...that youre going to see a suitcase nuke in this country. Youre probably going to see a release in a few years of something communicable. & I am predicting that you will see a lot of conventional bombings...in the next year or so.
In any new situation, whether it involves an elevator or a rocket ship, you will almost certainly be viewed in one of three ways. As a minus one: actively harmful, someone who creates problems. Or as a zero: your impact is neutral and doesn't tip the balance one way or the other. Or you'll be seen as a plus one: someone who actively adds value. Everyone wants to be a plus one, of course. But proclaiming your plus-oneness at the outset almost guarantees you'll be perceived as a minus one, regardless of the skills you bring to the table or how you actually perform.
President Obama flew to China a few days ago and announced a joint environmental pact with the communist regime. The United States will reduce its carbon emissions substantially over the next 11 years. China will do absolutely nothing but hope that its emissions decline after 2030.
There's always the question of time. Does time at 10:00 mean 10:00 sharp? Or does it mean give or take a few minutes? And a few minutes, is that plus or minus two minutes? Or plus or minus ten, or maybe a half an hour each way?
The margin of error in astrology is plus or minus one hundred percent.
In most Western economies, the general relationship is not in fact between the rate of inflation and the level of unemployment, but between the rate of change of inflation and the rate of change of unemployment.
The stock market is an exploitable market where being right means you get rich and you help the overall system error-correct which makes it harder to be right (the mechanism pushes prices close to random, they're not quite random but few can exploit the non-randomness).
In the abstract world of American economists, equations run both ways; they believe that by changing the sign of a variable from plus to minus or from minus to plus or the price and quantity of x or y, the direction of historical movement can be reversed.
Well, our economy is very strong and growing. We have created 5.4 million new jobs in the last 3 years. Our unemployment rate is better than the average unemployment rate of the 1960s, 1970s, 1980s, and 1990s.
Many counties in Maryland are above the average unemployment rate for both Maryland and the United States. We need representation in Congress who will make creating jobs the No. 1 priority so the people of Maryland can get back to work.
In the meantime, the educated public continues to believe that Darwin has provided all the relevant answers by the magic formula of random mutations plus natural selection -quite unaware of the fact that random mutations turned out to be irrelevant and natural selection tautology.
The government of the United States doesn't want peace. It wants to exploit its system of exploitation, of pillage, of hegemony through war. It wants peace, but what's happening in Iraq? What happened in Lebanon? Palestine? What's happening? What's happened over the last hundred years in Latin America and in the world?
I think, as time passes, people will come to see that the United States' credit standing is really not quite the same level as the ones that we rate AAA.
Nobody has ever said in the United States government that we are going to war next month. No decision has been made by the president because, as he said to the United Nations, he wants the United Nations to live up to its responsibilities and he wants Saddam Hussein to cooperate.
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