- Nov 07, 2020
Robert J Shiller Quotes
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- Last Updated on May 30, 2021
- Father
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- Nov 07, 2020
My very first publication was an estimator - this was a statistical procedure - a kind of invention. My father got a patent and started a business; it wasn't successful, but maybe I have some of him in me.
- Money
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- Nov 07, 2020
Money management has been a profession involving a lot of fakery - people saying they can beat the market, and they really can't.
- Nov 07, 2020
Some of the best theorizing comes after collecting data because then you become aware of another reality.
- Health
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- Nov 07, 2020
A lot of people aren't saving enough. And incidentally, people are living longer now, and health care is improving. You might end up retired for 30 years - people are not really preparing for that.
- Never
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- Nov 07, 2020
Diversify, because that helps reduce risk. And you can diversify outside the United States. Some people would never invest in Europe - I think that's a mistake.
- Future
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- Nov 07, 2020
The future is always coming up with surprises for us, and the best way to insulate yourself from these surprises is to diversify.
- Fear
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- Nov 07, 2020
Trump's victory clearly appears to stem from a sense of economic powerlessness, or a fear of losing power, among his supporters. To them, his simple slogan, 'Make America great again,' sounds like 'Make You great again': economic power will be given to the multitudes without taking anything away from the already successful.
- Government
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- Nov 07, 2020
Those on the downside of rising economic inequality generally do not want government policies that look like handouts. They typically do not want the government to make the tax system more progressive, to impose punishing taxes on the rich, in order to give the money to them. Redistribution feels demeaning. It feels like being labeled a failure.
- Economic Power
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- Nov 07, 2020
The desperately poor may accept handouts, because they feel they have to. For those who consider themselves at least middle class, however, anything that smacks of a handout is not desired. Instead, they want their economic power back.
- Black
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- Nov 07, 2020
Trump does magic. Maybe it will be black magic sometime, but he's an amazing phenomenon.
- Difficult
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- Nov 07, 2020
Speculative markets have always been vulnerable to illusion. But seeing the folly in markets provides no clear advantage in forecasting outcomes, because changes in the force of the illusion are difficult to predict.
- Good
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- Nov 07, 2020
I didn't vote for Trump. So we've got him. Let's hope for the best. He might do something good.
- Government
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- Nov 07, 2020
All taxes, except a 'lump-sum tax,' introduce distortions in the economy. But no government can impose a lump-sum tax - the same amount for everyone regardless of their income or expenditures - because it would fall heaviest on those with less income, and it would grind the poor, who might be unable to pay it at all.
- Insurance
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- Nov 07, 2020
A moderate tax on robots, even a temporary tax that merely slows the adoption of disruptive technology, seems a natural component of a policy to address rising inequality. Revenue could be targeted toward wage insurance, to help people replaced by new technology make the transition to a different career.
- Meeting
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- Nov 07, 2020
Oppression thrives on distance - on not actually meeting or seeing the oppressed.
- Country
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- Nov 07, 2020
In a perfect world, people don't have to move to another country to get a higher wage. Ultimately, they need only be able to participate in producing output that is sold internationally.
- Feel
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- Nov 07, 2020
Hesitation is often like procrastination. One may have vague doubts and feel a need to mull things over; meanwhile, other issues intrude on thought, and no decision is taken. Ask people why they procrastinate, and you probably won't get a crisp answer.
- Life
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- Nov 07, 2020
I think that a lot of people in all walks of life have the impression, of course, that, 'I specialize in something. I can't - I don't have the time to read other things. I'll just go to pure entertainment when I'm relaxing, and then I'll come back to my pure specialty.' That produces - that attitude produces idiot savants, unfortunately.
- Learning
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- Nov 07, 2020
People who stay unemployed for a long time start to look like damaged goods, and they don't get such good offers. Also, they're not learning anything. Most learning is on-the-job learning.
- Central Bank
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- Nov 07, 2020
I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow for people to avoid being exposed to inflation risk.
- Crisis
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- Nov 07, 2020
This is an anxiety driven world - the whole world is driven by anxiety. It is anxiety about the aftermath of the global financial crisis; it's anxiety about inequality and about computers replacing jobs.
- Live
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- Nov 07, 2020
That's the world we live in: when it comes to economics, people have emotions; it's not like chemistry or physics.
- Good
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- Nov 07, 2020