The Hidden Risk Markets Can’t Price In: Irrationality | Yaron Brook

Yaron Brook, Chairman of the Ayn Rand Institute and one of the most prominent defenders of free markets and rational capitalism, joins the show to break down a risk most investors aren’t even thinking about: large-scale irrationality. As a longtime thinker on economics, philosophy, and moral foundations of markets, Yaron explains why markets don’t fail because of math or data — they fail when societies abandon reason. In this conversation, we explore why markets struggle to price irrational behavior, how emotional politics and socialism distort incentives, and why regulation, not capitalism, is behind many of today’s economic breakdowns. Yaron explains how free markets actually correct irrationality over time, why capitalism is still the greatest poverty-destroying force in history, and what individuals can do to protect themselves, stay productive, and navigate an increasingly irrational system — and what it all means for freedom, prosperity, and the future of the financial system.

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