If he hasn’t already done so, Lloyd Blankfein should dash off a thank-you note to Robert Shiller.
Three weeks before Japan increased its sales-tax for the first time in 17 years, Prime Minister Shinzo Abe turned to Nobel laureate Robert Shiller to try to restore a vital ingredient of his economic revolution: optimism.
"There is evidence that patriotism drives animal spirits and maybe Japanese people need this."
- Robert Shiller on Jun 24, 2014
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