“There’s a debate about the merits of austerity among economists. …We have to deal with the debt eventually. …(But) I think probably austerity is bad at this time.”
Robert Shiller, Yale University economist and financial innovator (developer of the Case Shiller home price index and Shiller P/E stock market valuation tool), as interviewed in Money Magazine, April 2012, “Past high stock returns an “anomaly”
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