Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
I guess Shiller will be going to prison after he pays you his part of the $500 million.
Maybe I will be going to prison too, you know? I was afraid to speak up about the errors in Greaney’s study from May 1999 until May 2002. That was wrong. I hurt people because of my cowardice.
We will have to work it out as a society. That’s the story.
It’s not a situation that is going to fix itself. Each time one of us cowers in fear in the face of you Goons, it makes things worse for all the rest of us who love our country. And each time one of us works up the courage to insist on recognition of our right to post honestly, it makes it easier for all the others.
If Shiller has addressed all the how-to aspects of the subject in his book, Greaney would never have gotten away with what he did. So we all would be better off today. And that Retire Early board at Motley Fool would today be the #1 personal finance board on the internet. That all sounds good to me.
There is no way to solve the problems without being willing to take on fire from you Goons. Too many of us are waiting for someone else to solve the problem. And the reality is that there’s no one here but us chickens! If we don’t do it, nobody else will.
I have a funny feeling that a good number of us are going to screw up the necessary courage in the days following the next price crash, when we can see with our own eyes what our cowardice has done to millions of middle-class people’s lives. But we will have to wait a bit to find out for sure.
I naturally wish you the best of luck in all your future life endeavors, my dear Goon friend.