[Conventional wisdom] very heavily tends to reflect the preferences and the interests of the elite.

About This Quote

This is a very true statement. Conventional wisdom is most often the views of the privileged and most powerful people in society. There is very little room for difference of opinion, and those who do not vote with the majority are often labeled as odd or crazy. This is why we need to question and challenge all that we hear and see.

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More Quotes By Paul Krugman

1. Politics determines who has the power, not who has the truth.

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2. Political figures who talk a lot about liberty and freedom invariably turn out to mean the freedom to not pay taxes and discriminate based on race; freedom to hold different ideas and express them, not so much.

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3. I believe in a relatively equal society, supported by institutions that limit extremes of wealth and poverty. I believe in democracy, civil liberties, and the rule of law. That makes me a liberal, and I’m proud of it.

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4. These are tough times for state governments. Huge deficits loom almost everywhere, from California to New York, from New Jersey to Texas.Wait–Texas? Wasn't Texas supposed to be thriving even as the rest of America suffered? Didn't its governor declare, during his re-election campaign, that 'we...

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5. The media are desperately afraid of being accused of bias. And that's partly because there's a whole machine out there, an organized attempt to accuse them of bias whenever they say anything that the Right doesn't like. So rather than really try to report things...

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