Any time you have change, it costs somebody. Somebody is a loser.

Robert J. Shiller

In my first few years of elementary school at the Edison School in Detroit, I did poorly. I remember worrying that I might fail the second grade and be held back.

Robert J. Shiller

Somehow, talking to young students brings you back to reality - it should, anyway.

Robert J. Shiller

If we wait until income inequality is much more severe, we will have a whole class of new superrich who will probably feel entitled to their wealth and will have the means to defend their interest. That's already gone far enough. We shouldn't let it become more extreme.

Robert J. Shiller

Money management has been a profession involving a lot of fakery - people saying they can beat the market, and they really can't.

Robert J. Shiller

As a child, I was fascinated by any branch of physical or biological science. Even today, I find great excitement in discovering the complexity and variability of the world we live in, getting a glimpse into the deeper reality that we mostly ignore in our everyday human activities.

Robert J. Shiller

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

One thing I've noticed about history - you can search on newspapers going back hundreds of years, search for 'economic forecast,' you don't find it. It would be very rare to find it.

Robert J. Shiller

Trump does magic. Maybe it will be black magic sometime, but he's an amazing phenomenon.

Robert J. Shiller

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

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

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

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.

Robert J. Shiller

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.

Robert J. Shiller

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.

Robert J. Shiller

I often tend to think that things are not what they seem.

Robert J. Shiller

When valuation confidence falls, it means that stock markets are perceived as overpriced.

Robert J. Shiller

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.

Robert J. Shiller

People aren't as impressed by homes anymore after they saw how they collapsed in price with the financial crisis.

Robert J. Shiller

Oppression thrives on distance - on not actually meeting or seeing the oppressed.

Robert J. Shiller

Robert J. Shiller Quotes

Any time you have change, it costs somebody. Somebody is a loser.

In my first few years of elementary school at the Edison School in Detroit, I did poorly. I remember worrying that I might fail the second grade and be held back.

Somehow, talking to young students brings you back to reality - it should, anyway.

If we wait until income inequality is much more severe, we will have a whole class of new superrich who will probably feel entitled to their wealth and will have the means to defend their interest. That's already gone far enough. We shouldn't let it become more extreme.

Money management has been a profession involving a lot of fakery - people saying they can beat the market, and they really can't.

As a child, I was fascinated by any branch of physical or biological science. Even today, I find great excitement in discovering the complexity and variability of the world we live in, getting a glimpse into the deeper reality that we mostly ignore in our everyday human activities.

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.

One thing I've noticed about history - you can search on newspapers going back hundreds of years, search for 'economic forecast,' you don't find it. It would be very rare to find it.

Trump does magic. Maybe it will be black magic sometime, but he's an amazing phenomenon.

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.

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.

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.

I often tend to think that things are not what they seem.

When valuation confidence falls, it means that stock markets are perceived as overpriced.

People aren't as impressed by homes anymore after they saw how they collapsed in price with the financial crisis.

Oppression thrives on distance - on not actually meeting or seeing the oppressed.