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Richard Thaler Quotes


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Quotes by Richard Thaler

Showing 71-80 of 99 Quotes by Richard Thaler

I am all for trying to teach household finance in schools, starting as early as possible. And when it comes to high school, I think learning about compound interest is at least as important as trigonometry or memorizing the names of all 50 state capitals.

~Richard Thaler

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In some ways, the finding that financial education doesn't provide long-term payoffs is hardly surprising. After all, how much do you remember from your high school chemistry class? Unless you use chemistry at work, you probably don't recall much about ionic bonding.

~Richard Thaler

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Academia does not provide many opportunities for immediate gratification. You work for two years on a project, it takes two more years to get it published, and then you start hoping someone might read it.

~Richard Thaler

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Arthur Laffer's idea, that lowering taxes could increase revenues, was logically correct. If tax rates are high enough, then people will go to such lengths to avoid them that cutting taxes can increase revenues. What he was wrong about was in thinking that income tax rates were already so high in the 1970s that cutting them would raise revenues.

~Richard Thaler

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The wealth in many large estates has never been taxed because it is largely in the form of unrealized - therefore untaxed - capital gains.

~Richard Thaler

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If no estate tax is imposed, capital gains taxes can be avoided indefinitely.

~Richard Thaler

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Companies are accumulating vast amounts of information about your likes and dislikes. But they are doing this not only because you're interesting. The more they know, the more money they can make.

~Richard Thaler

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If the government can manage to collect and release personal information in a secure and useful way, so can private companies, which will empower consumers to become better shoppers.

~Richard Thaler

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The ability of businesses to monitor our behavior is already a fact of life, and it isn't going away. Of course we must protect our privacy rights. But if we're smart, we'll also use the data that is being collected to improve our own lives.

~Richard Thaler

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Even a mother - Jewish or not - can't worry about everything. So it is important that we limit our worries to real as opposed to imaginary risks.

~Richard Thaler

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Biography

Nationality: American

Type: Economist

Born: September 12th, 1945

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