Category Archives: Government Debt
Prepare for the Unthinkable
Growth and profits mask a variety of problems. They hide business inefficiencies and the money suck of corporate administrivia. They also conceal unproductive staff. But most of all growth and profits obscure the extreme value subtracting forces of bloated management … Continue reading
Meet Your New Stimulus Allocation Czar
The march towards midnight is both stirring and foreboding. Like a death row inmate sitting down to savor his last meal, a grim excitement greets the reality of impending doom. Thoughts of imminent mortality haunt each bite. As far as … Continue reading
Laurence Kotlikoff for President
According to the Department of Commerce, U.S. gross domestic product increased at an annual rate of 1.2 percent in the second quarter of 2016. This, unfortunately, isn’t indicative of the sort of robust economic activity that will grow the economy … Continue reading
Larry Summers Wants to Give You a Free Lunch
The existing capital stock continues to be frittered away at the expense of savers and retirees. Nonetheless, central bankers don’t give a doggone about it. This, after all, is one consequence of roughly eight years of near zero interest rate … Continue reading
