Robert Shiller on Charlie Rose

Here's an interesting interview of Yale finance professor Robert Shiller on the Charlie Rose show. The early part of the clip is an interview of Winston Churchill's grandson - it's also interesting (I'm a Churchill fan), but if you want to skip it, Shiller starts around 14:15.

Comments

[markfl:]

Great video. Shiller gets quoted frequently in news reports, but often just a few sentences at a time. It's good to hear news makers tell their own story in their own words.

Two takeaways from the article: 1. "We're seeing the downward momentum in housing diminished." 2. Following the last housing cycle in 1990-1991, in took seven years for home prices to increase.

Aug 09 01:59 AM

[Kodi:]

Professor Shiller et al appear to endorse a philosophy of economic "un-natural selection" whereby citizens bent on personal survival and prosperity will subsidize the dependent segment of society at an increasing level to minimize socioeconomic inequality. Those motivated to leverage their future by investing in education, working multiple jobs and forgoing frivolous purchases will be required to share more of their hard-earned bounty with the dependency class. It doesn't take a Yale professor to see that entitlement begets entitlement. American society is replete with examples where subsidizing slothfulness for the sake of economic equality resulted in greater dependency, not greater inovation and productivity. Professor Shiller advocates capitalism while encouraging socialism.

Aug 09 10:41 AM

[KCN:]

When man the animal became "social" through "natural selection", there was a genetic compact to better the tribe, which has now grown to a nation and approaching the whole world. It is "natural" to evolve for some basic equality of life, liberty and pursuit of happiness.


On Aug 09 10:41 AM Kodi wrote:

> Professor Shiller et al appear to endorse a philosophy of economic
> "un-natural selection" whereby citizens bent on personal survival
> and prosperity will subsidize the dependent segment of society at
> an increasing level to minimize socioeconomic inequality. Those motivated
> to leverage their future by investing in education, working multiple
> jobs and forgoing frivolous purchases will be required to share more
> of their hard-earned bounty with the dependency class. It doesn't
> take a Yale professor to see that entitlement begets entitlement.
> American society is replete with examples where subsidizing slothfulness
> for the sake of economic equality resulted in greater dependency,
> not greater inovation and productivity. Professor Shiller advocates
> capitalism while encouraging socialism.

Aug 09 04:49 PM

[Mark Bern:]

Very thought provoking video. I like most of what Professor Schiller is saying, however, I do take issue with the redistribution of wealth issue because the welfare state becomes a way of life instead of the safety net it was initially designed to be.

He has nailed many of the problems and much of his suggested solutions make a lot of sense. Primarily, his suggestion that we need "better" regulations for the financial industry and that those regulations shouldn't necessarily be promulgated from the government. However, I do feel that regulators of the government that already exist must enforce those regulations stringently to make the system work.

Aug 09 06:03 PM

[eddybaby:]

Well worth the time to watch Charlie's interview of Mr. Shiller; he is insightful, open minded and (perhaps sadly) makes a clear and believable case that the effects of this melt down are very far from over.

"V shape" by backside!

Aug 10 09:35 PM

[Yurasis_Dragon:]

Nonsense; bad qualities are what evolve over time, not good ones.
The good ones you really, really need to work at; they don't just "happen" somehow or other.
Just look at your self (I don't know you); how hard is it for you to break a bad habit, and replace it with a good habit?

Human life begins when an individual chooses to no longer follow his/her lower, base instincts- lust, greed, anger, avarice, etc.
Until and unless one does so, they remain the animal.

The western conception of evolution is incorrect.

On Aug 09 04:49 PM KCN wrote:

> When man the animal became "social" through "natural selection",
> there was a genetic compact to better the tribe, which has now grown
> to a nation and approaching the whole world. It is "natural" to
> evolve for some basic equality of life, liberty and pursuit of happiness.
>

Aug 13 02:50 PM