Yale's Robert Shiller Sees a Bubble in U.S. Markets

The transcript discusses Trump's business methods, risk management, and economic inequality. It highlights the need for better private risk management and a tax system addressing inequality. The conversation touches on entrepreneurship, market exuberance, and potential financial bubbles. It concludes with a focus on narrative economics and voter sentiment, noting the lack of discussion on the 2009 financial crisis.

What is one of the key tools mentioned for managing private risk to prevent inequality?

• Taxation

• Insurance and hedging

• Government subsidies

• Interest rate adjustments

What economic issue is highlighted as a significant challenge for the middle class in America?

• Rising healthcare costs

• Stagnation of median household income

• Increasing unemployment rates

• High inflation rates

What is suggested as a potential solution to address rising inequality without harming entrepreneurial spirit?

• Increased government spending

• A responsive tax system

• Higher interest rates

• More stringent regulations

What is the term used to describe the current state of the stock market in the United States?

• Stagnation

• Bubble

• Deflation

• Recession

What does the concept of narrative economics focus on?

• Calculating GDP growth rates

• Analyzing stock market trends

• Understanding the stories and narratives that influence economic behavior

• Predicting future economic crises