A Rich Life

The Old Ideas on Saving & Investing Don't Work -- Here's What Does

Podcast #94 — Shiller’s Fix: Government Subsidies for the Financial Education of Middle-Class Investors

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I’ve added Podcast #94 to the “RobCasts” section of the site. It’s called Shiller’s Fix: We Need Government Subsidies for the Financial Education of Middle-Class Investors.

It makes sense to turn to the government when the private sector has failed us. The stock-selling industry has failed us big time. We need a counter-source of information about how stock investing works in the real world.

Comments

  1. I am reluctant to accept any Governmental solution.

    It was the regulators who brought about the subprime mortgage crisis: lower lending standards and greater leverage.

    It was the Treasury which delayed revising the mark to market accounting rules for illiquid assets including derivatives–penalizing the good banks with safe holdings.

    It is the Government which is repeating the FDR approach, which converted a recession into the Great Depression.

    It is the Government which is led by an economic illiterate–“profit to earnings ratio.”

    Government training would have taught the Efficient Market Hypothesis and Passive Investing. Do not look to the Government for innovation.

    Have fun.

    John Walter Russell

  2. It is interesting that Rob Arnott is getting his pro-bond article published now that stocks are attractive.

    Traditional news magazing timing, I guess.

    Have fun.

    John Walter Russell