So you feel that you know pretty well how things behave, but then, all of a sudden, there's something way out here.

然后你觉得对市场行为了解的差不多了,但是突如其来,有些东西在这里出现了

耶鲁公开课 - 金融市场课程节选

Why the interest rate clears-- it's a mysterious phenomenon, because it's a market phenomenon and each person only sees his or her own contribution to the market and not the whole market.

为什么这个利率能让市场出清...,这是个不可思议的市场现象,每个人只能看到自己在市场中的行为,而不了解整体市场情况

耶鲁公开课 - 金融市场课程节选

And so do we want to say, do you want to argue that is just one instance of one of these bubbles, one of these manias take place even in free market.

那么您是否可以这么说,这只是众多泡沫，或者众多不规范行为中的一项,自由市场经济也不是万能的。

斯坦福公开课 - 经济学课程节选