Owner of the Joe Taxpayer Blog: “The Fact That Shiller is a Proponent of the Approach Takes It From a Fringe View to Mainstream, in My Opinion.”

Set forth below is the text of a comment made by the owner of the Joe Taxpayer blog at his site, followed by the text of my response to his comment:

Joe Taxpayer:

My view on Rob and his research are in my article above. The fact that Shiller is a proponent of the approach takes it from a fringe view to mainstream, in my opinion. I know, emotions run high in this type of discussion.

I only wish this passion were present in the discussions on the fees that funds charge.

Finally, Bob. You can see I welcome debate. I get a lot of comments hitting my spam filter, I’m glad yours was not caught in there. If anyone who commented doesn’t see their post, please resubmit. I just cleared 2K+ comments from that folder.

Rob Bennett: 

The fact that Shiller is a proponent of the approach takes it from a fringe view to mainstream,

Thanks so much for saying that, Joe. Your comment cuts right to the heart of things, in my assessment.

These ideas should be discussed at every site on the internet. People should be 100 percent free to reject them. But all bloggers should be sure that their readers are aware of the ideas and feel free to say whatever they please about them. Each of our readers has the right to make his or her own decision as to whether it is Fama or Shiller who ultimately will be proven right. The success of their retirement plans depends on the answer to that question. No blogger or site owner should be taking on the financial responsibility for the success of all of his or her readers’ retirement plans.

Rob