“There’s a Difference Between Knowing That Something Is Wrong and Wanting to Get Involved to Fix It. The Price for Getting Involved re This Matter Is Very High.”

Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:

Name just one person that agrees with you about Wade being threatened and show us the link.

I’ve spoken to many people about what happened to Wade Pfau. Everyone who I told the story to found it shocking. No one has ever questioned whether I was telling the truth.

I sent e-mails to 30,000 academic researchers telling them what happened to Wade. Several wrote back that this was below any acceptable ethical standard.

There’s a difference between knowing that something is wrong and wanting to get involved to fix it. The price for getting involved re this matter is very high. Shiller published his research in 1981. So the cover-up has been going on for 40 years. There are a lot of powerful and wealthy people who do not want the general public to learn what has been going on.

But what happens after the next price crash? If Shiller is right, many trillions of dollars of irrational exuberance will disappear into thin air. People will not be able to spend when they have lost that much money. Hundreds of thousands of businesses will go under. Millions of people will be thrown out of work. Political frictions will worsen. Will there be a few brave and good people who will work up the courage to speak out then? I think there will be.

We are a good people, Anonymous. We are not perfect or we would have got to work rewriting the textbooks soon after Shiller published his research. But we are basically good. That’s why we have laws against extortion, That’s why we have laws against threats of physical violence. We will as a society do the right thing in the end.

Or so this Rob Bennett fellow believes, in any event. There’s always that one-in-a-hundred possibility that I am wrong, We will just have to wait to see how things play out to find out for sure.

My best and warmest wishes to you and yours.

Rob