How We Can Make the System Fairer

In his latest book, Yale’s Robert Shiller offers his ideas for fixing the world of finance.

Robert Shiller has made some unusually prescient predictions about America’s financial system. In his March 2000 bestseller, Irrational Exuberance, the Yale economics professor popularized the idea that Internet stocks, which had skyrocketed in the late 1990s, were dangerously overpriced. The bubble soon burst. A 2005 edition of Irrational Exuberance warned of the housing bubble that sparked the 2008 financial collapse.

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Bob Frick
Senior Editor, Kiplinger's Personal Finance