The same with the mortgage brokers that were selling people mortgages they couldn't afford. We shouldn't pay them on each mortgage they write. They should have what they call "skin in the game," where they've got to reimburse us if the guy who sold the mortgage defaults.
Richard ThalerWhen an economist says the evidence is "mixed," he or she means that theory says one thing and data says the opposite.
Richard ThalerIf people just put away what's left at the end of the month, that's a recipe for failure.
Richard Thaler