Claiming that Social Security benefits are safe may sound naive, but my view is actually quite cynical. I believe that as long as the elderly continue to vote in large numbers, no Congress will renege on promised payouts for those already eligible to receive benefits.
Tags: view, will, believe, long

Other Quotes by "Richard Thaler"

Demanding that the rich get a tax cut as a condition for tax relief for others is simply elitist.
Tags: tax, get, others, rich
Traditional economics is based on imaginary creatures sometimes referred to as 'Homo economicus.' I call them Econs for short. Econs are amazingly smart and are free of emotion, distraction or self-control problems. Think Mr. Spock from 'Star Trek.'
Tags: sometimes, think, problems, smart
The more we turn down questionable offers like trip insurance and scrutinize 'one month' trials, the less incentive companies will have to use such schemes.
Tags: like, more, down, will
The sad truth is that many behavioral economists know very little about psychology.
Tags: know, truth-is, truth, sad
It's essential that we understand things like the free-rider problem, but we also need to understand that, fortunately, humans are a little nicer than economists give them credit for. Some people actually leave money at roadside fruit stands; some people give money to NPR so we can listen to it.
Tags: understand, fruit, people, money
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