A Quote by Richard Thaler
Most economists, including me, agree that longevity insurance would make sense for a lot of people.
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The best tool today is longevity insurance - they call it income insurance. Most people know the value of life insurance. But what if you live? So instead of trying to guess one or the other, you plan for those 20 years and you get this income insurance. If you live beyond 85, you have money that's guaranteed for as long as you live in the form of an annuity.
I've surprised a lot of people, including myself, with my longevity.
Because the idea of zombies seems to make sense, and seems to, in a certain sense, be possible, I think one can use that to argue against the thesis that everything is purely physical. Now many people, I think, agree that the idea of zombies are conceivable, including people who want to be physicalists.
I am one of the most successful economists, according to what markets tell us, though most of my professional colleagues, who are much keener to accept market outcomes than I am, would dismiss me as a crank or - the worst of all abuses among economists - a 'sociologist.'
I used to tell people that in 2012 when I was trying to understand where am I most likely to be drafted and who are the three or four teams that have pursued me the most and it would make sense that they would pick me, I never thought of who would be least likely to draft me.
Would you not agree that relationships are built on trust? Would you not also agree that most individuals think more in terms of "me-my wants, my needs, my rights? What would wisdom dictate - would it not direct us to focus on trust-building principles and sacrificing 'me' for 'we'?"
I might be botching this quote but I agree with the idea that a measure of society is not how it treats its most powerful but how it treats its most vulnerable, including the poor and incarcerated and - I would add to that - the people whose ideas are not currently in favor.
It's a fun uphill struggle, making health insurance as a comedian, actor, and author. But it's hard to explain to people how I make a living. In New York, most people know enough creative types that I make some sense. But when I'm talking to someone like my suburban cousins or my mom's friends, it doesn't always go smoothly.
Probably the only people left who think that economics deserves a Nobel Prize are economists. It confirms their conceit that they're doing 'science' rather than the less tidy task of observing the world and trying to make sense of it. This, after all, is done by mere historians, political scientists, anthropologists, sociologists, and (heaven forbid) even journalists. Economists are loath to admit that they belong in such raffish company.
When most people think of economists, they think of macro-economists. Macro-economists try to describe or - even harder - predict the movements of a hugely dynamic system. They're like a transplant surgeon trying to simultaneously transplant every failing organ in someone's body.
I think that if I was a white male people would get me more. I do. I think that. I think a lot of things would make more sense if I was a guy and if I had people supporting me and saying this is the greatest thing in the world.
A lot of people are surprised economists are assisting with kidney exchanges. Exchanges are what economists are good at.
My father was very strong. I don't agree with a lot of the ways he brought me up. I don't agree with a lot of his values, but he did have a lot of integrity, and if he told us not to do something, he didn't do it either.
The truth is I'm not at all surprised of the longevity of my career. In fact, I would be surprised if the opposite were true and if my career did not have this longevity because I can't believe people would purposely deprive themselves of such hilarious, meaningful entertainment at these prices.
Mr. Trump has said he strongly supports immediate expensing of capital expenditures, which many economists agree would encourage growth.
Most restaurants in most cities, including Washington, are at a sort of mid-level. They're somewhat trendy, or they have some sort of gimmick, or they're somewhat expensive. And they make a lot of money off drinks. I tell people don't go to most of them, unless your goal is just to socialize.
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