Customer Quote by Paul Krugman
“It's a funny thing, by the way, how people who love free markets are also quite sure that they know that investors are being irrational.”
About This Quote
Source Column: New York Times, 2021
Critiques the paradox where free‑market advocates label investors irrational, highlighting cognitive bias.
In simple terms: Free‑market fans call investors irrational.
Recognize and challenge your own biases.
Themes
Mood
Type
When to use this quote
- investment decisions
- policy debates
- academic discourse
- public commentary
Key Concepts
Questions to Reflect On
- How do you confront your own market biases?
- What evidence supports rational investor behavior?
Labeling others as irrational can shut down constructive dialogue.