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. Robert J. Shiller Read Quote
Even today, I am easily distracted by reading material and will pick up articles on virtually any factual material if I have the time. Robert J. Shiller Read Quote
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. Robert J. Shiller Read Quote
If I was counselling an individual, and my purpose was to help that individual, the most important thing would be that you should save more. Because don’t expect that your retirement will follow those trajectories that some advisers are telling you. Robert J. Shiller Read Quote
Somehow, talking to young students brings you back to reality – it should, anyway. Robert J. Shiller Read Quote
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. Robert J. Shiller Read Quote
Some of the best theorizing comes after collecting data because then you become aware of another reality. Robert J. Shiller Read Quote
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. Robert J. Shiller Read Quote
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. Robert J. Shiller Read Quote
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. Robert J. Shiller Read Quote