A 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.
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These people say free markets are the way to go, but wink, wink, the markets aren't really free. They're just a protectionist racket, and we have to pay for it all on every level. It's really quite extraordinary, and immoral, and illegal. These things need to be named, and shamed, and outed, and mocked, and prosecuted.
Change is a funny thing. We never are quite sure what we are becoming or even why. Then one day we look at ourselves and wonder who we are and how we got that way. Only one thing about change remains constant...it is always painful
Too often, investors are the target of fraudulent schemes disguised as investment opportunities. As you know, if the balance is tipped to the point where investors are not confident that there are appropriate protections, investors will lose confidence in our markets, and capital formation will ultimately be made more difficult and expensive.
Business success is not determined by government policy. It's not determined by regulation. The people succeed in business have to overcome all the obstacles put in their way by people like Democrats and Obama. That's what Trump knows, how to overcome these guys, how to get the things they put in his way out of the way, while they don't even know it's happening. And that would go for much of the political commentariat, too, folks, that are totally immersed in politics and know nothing else, other than they swear allegiance to free markets, but that's about it.
We know what works: freedom works. We know what's right: freedom is right. We know how to secure a more and just and prosperous life for man on earth: through free markets, free speech, free elections and the exercise of free will unhampered by the state.
Part of my advantage is that my strength is economic forecasting, but that only works in free markets, when markets are smarter than people. That's how I started. I watched the stock market, how equities reacted to change in levels of economic activity, and I could understand how price signals worked and how to forecast them.
I'd like to talk about free markets. Information in the computer age is the last genuine free market left on earth except those free markets where indigenous people are still surviving. And that's basically becoming limited.
This going on and on about how terrible a carbon-based economy is, these people are full of crap. They don't know what they're talking about. Their motives are not necessarily good just because they say they are being good. It's peace, love, and understanding. To which I can just say, "Shut up." Human liberty, rule of law, and free markets fix this stuff. It isn't necessary to go around being the Mia Farrow of the ecosphere.
I started in business journalism from the outside, so when I started writing about markets and business, I was struck by the fact that markets seemed to work well even though people are often irrational, lack good information and are not perfect in the way they think about decisions.
I love this idea of being able to touch people with something quite familiar, something quite emotional, and at the same time, have the feeling that this is a new way of doing it, a fresh way of showing things. I like radical people. At the same time, I'm fascinated by popularity, people who were able to have huge success and also keep their consistency.
It was a such a surprise, such an absolute shocking surprise to me to not know what you're doing and to find out that this thing that you don't even know how to do, that you're sure you don't know how to do, speaks to so many people and touches so many people in some way.
One thing we may be sure of, however: For the believer all pain has meaning; all adversity is profitable. There is no question that adversity is difficult. It usually takes us by surprise and seems to strike where we are most vulnerable. To us it often appears completely senseless and irrational, but to God none of it is either senseless or irrational. He has a purpose in every pain He brings or allows in our lives. We can be sure that in some way He intends it for our profit and His glory.
More and more investors may be coming into markets everywhere but that doesn't mean that the markets are really getting more and more efficient, even in the United States. It does mean that there is more access for savvy investors who watch the money flows.
It's weird when people are just staring at you because the thing is, people are not quite sure ... I get a lot of: "Are you off the TV?" It's funny. I don't and I don't get to the sort of clubs where people expect to see you.
Just trying to tell the truth about, you know, the struggle of - being alive is funny, it's just inherently tragic and also hilarious - in a fun way and in a sad way. That seems to connect with people.
Investors have no reason to feel bearish. True value investors are glad the markets are down.
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