A Quote by Paul Krugman
People who are complaining about the Fed are people who've been predicting runaway inflation for five and six years, and it hasn't happened.
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This man, who for twenty-five years has been reading and writing about art, and in all that time has never understood anything about art, has for twenty-five years been hashing over other people's ideas about realism, naturalism and all that nonsense; for twenty-five years he has been reading and writing about what intelligent people already know and about what stupid people don't want to know--which means that for twenty-five years he's been taking nothing and making nothing out of it. And with it all, what conceit! What pretension!
I think the inflation prospects for the U.S. over the next five or six, seven years, are quite serious. You cannot have a bumper crop in apples without the value or the price of each apple falling. The Fed has had the largest increase in the monetary base in the history of the U.S., from colonial times to the present, times ten.
I would say of all the things that have happened during the course of my presidency the knowledge that you have hundreds of thousands of people who have been killed, millions who have been displaced, [makes me] ask myself what might I have done differently along the course of the last five, six years.
Everywhere I go, I meet people ready for change. People who are fed up with the exhaustion that comes from devoting one's life to the work-watch-spend treadmill. People who know in their hearts that it's wrong to treat the planet and whole groups of people as disposable. People who are challenging the bogus stories we've been fed for years and are writing their own about hope and love and working together to build a better future for everyone.
Four or five years ago I decided to stop cursing the darkness - I had been complaining about movies and their content for years - and instead to do something about it by getting into the film business.
It took me five years on Lyndon Johnson, ten years on the Kennedys, six years on the Roosevelts. Inevitably, you get shaped by the people that you're thinking about during that period of time.
[Facebook] is shaping a broader web. If you look back for the past five or seven years, the story about social networking has really been about getting people connected... But if you look forward for the next five years, I think that the story people are going to remember five years from now isn't how this one site was built; it is how every single service that you use is now going to be better with your friends.
Even though all that CO2 has been spewed and belched into the atmosphere, there isn't any warming. Therefore, the person, people, whatever, predicting global warming for any reason have been wrong for 20 consecutive years. Every year for 20 years the supporters of this theory have been wrong, as wrong as it's possible to be. That means that the person predicting global warming is not credible and does not deserve to be listened to.
At the end of the day, inflation has been below 2% for quite a long time, and to me, symmetry means getting somewhere above 2% inflation at some point in my Fed career.
To understand the difficulty of predicting the next 100 years, we have to appreciate the difficulty that the people of 1900 had in predicting the world of 2000.
Something happened in 1997 that changed the whole industry, at least for the next five, six, or seven years. It wasn't about the 24-inch arms and the cartoon characters anymore. It was about the wrestling and what we were doing in the ring physically.
You know, we've been right on everything, haven't we? We told people about drones five years ago, didn't we? We told people about the NSA five years ago, didn't we? We told them about indefinite detention. We told them you can't come after the internet, that's unconstitutional. You can't do warrantless searches, that's unconstitutional.
Many people I know - writers, poets - they have all been sentenced not once but sometimes three times after they come out. They serve five or six years, come out another time, and then nine years. Come out again, 12 years. Only because they have a different opinion. They are innocent people, they have beautiful minds, beautiful hearts.
I went to yoga for six months straight, but that was about five years ago! I've been trying to get back. I probably could've seen the President five times, it'd be easier than it has been to get back to yoga!
After I'd been a lawyer for about five or six years, I started playing around with fiction.
People have been predicting the death of television for 20 years now, and so far it's been entirely wrong. But it does seem viewership habits are starting to change.
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