People might just decide, 'Yeah, I'll diversify my portfolio. I'll live in a rental.' That is a very sensible thing for many people to do.

Next quotes

• Robert J. Shiller:

  We should not be focusing on quick solutions. The really important concern for policymakers everywh

• Robert J. Shiller:

  If we wait until income inequality is much more severe, we will have a whole class of new superrich

• Robert J. Shiller:

  When I see the Trump supporters on television explaining themselves, I don't get a feeling of supre

• Robert J. Shiller:

  Since the global financial crisis and recession of 2007-2009, criticism of the economics profession

• Robert J. Shiller:

  As far as I can find, almost no one in the profession - not even luminaries like John Maynard Keyne

• Robert J. Shiller:

  We judge economics by what it can produce. As such, economics is rather more like engineering than

• Robert J. Shiller:

  The problem is that once we focus on economic policy, much that is not science comes into play. Pol

• Robert J. Shiller:

  Yes, horoscopes still persist in popular newspapers, but they are there only for the severely scien

• Robert J. Shiller:

  Critics of 'economic sciences' sometimes refer to the development of a 'pseudoscience' of economics

• Robert J. Shiller:

  This is the paradox of thrift: belt-tightening causes people to lose their jobs, because other peop