brian, I hear you. I agree that Shiller is owed some respect because of all he said when he was a voice in the wilderness, but I think he’s sdefinitely pulling his punches now. I don’t think what he says is exactly the same as what he thinks any more. He’s become an actor in the play, modifying his message to get the results he wants, not just transmitting everything he knows and trusting that someone else will act correctly on it.
He’s still really smart, and we all owe him one, and he will doubtless produce useful things in the future, but right now he’s hitched his carriage to the PPT horse.
