Podcasts about economic security planning

Make 2025 your year! Free 2-part Workshop to build 3 new habits January 3 and 10th  – 12 Noon Eastern – 1 hour via Zoom Sign Up here _________________________ While we focus on the non-financial aspects of retirement here, your money clearly matters. With a new year around the corner we check back in with economist Larry Kotlikoff, author of Money Magic: An Economist's Secrets to More Money,Less Risk and a Better Life, for his views on what may lie ahead, common mistakes to avoid with Social Security, how you can Maximize (Your) Social Security, why Roth IRA conversions make sense for many people and his retirement planning software MaxiFi. Larry Kotlikoff joins us from Rhode Island. _________________________ Bio Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., a company specializing in financial planning software, a Research Associate of the Gaidar Institute, and a Research Fellow of the Goodman Institute. Kotlikoff is also a New York Times Best Selling author. The Economist Magazine ranked Kotlikoff one of the world's 25 most influential economists. Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. From 1977 through 1983, Kotlikoff served on the faculties of economics of the University of California, Los Angeles and Yale University. In 1981-82 Professor Kotlikoff was a Senior Economist with the President's Council of Economic Advisers. Professor Kotlikoff's writings and research address personal finance, inequality, taxation, Social Security, climate change, investing, healthcare, deficits, and insurance. Professor Kotlikoff is author or co-author of 20 books, hundreds of professional journal articles, and a multitude of op eds and blogs. His most recent books are Money Magic: An Economist's Secrets to More Money,Less Risk and a Better Life, You're Hired, Get What's Yours – the Revised Secrets to Maxing Out Your Social Security (a NY Times Best Seller co-authored with Philip Moeller and Paul Solman), The Clash of Generations (co-authored with Scott Burns), The Economic Consequences of the Vickers Commission, Jimmy Stewart Is Dead, Spend ‘Til the End, (co-authored with Scott Burns), Generational Policy (MIT Press), The Healthcare Fix, and The Coming Generational Storm (co-authored with Scott Burns). Kotlikoff's columns have appeared in The NY Times, The Wall Street Journal, The Washington Post, The Hill, The Financial Times, The Times of London, Forbes, CBNC, Bloomberg, PBS NewsHour, The Dallas News, Neue Zürcher Zeitung, the Seattle Times, Vox, Fortune, Seeking Alpha, Yahoo.com, VoxEU, Huffington Post, and other leading media. Kotlikoff has served as a consultant to the Federal Reserve, the International Monetary Fund, the World Bank, the Harvard Institute for International Development, the Organization for Economic Cooperation and Development, the Swedish Ministry of Finance, the Norwegian Ministry of Finance, the Bank of Italy, the Bank of Japan, the Bank of England, the Government of Russia, the Government of Ukraine, the Government of Bolivia, the Government of Bulgaria, the Treasury of New Zealand, the Office of Management and Budget, the U.S. Department of Education, the U.S. Department of Labor, the Joint Committee on Taxation, The Commonwealth of Massachusetts, The American Council of Life Insurance, Merrill Lynch, Fidelity Investments, AT&T, AON Corp., and other major U.S. corporations. Kotlikoff has provided expert testimony on numerous occasions to committees of Congress including the Senate Finance Committee, the Senate Budget Committee, the House Ways and Means Committee,

Our special guest is Professor Lawrence Kotlikoff, economics professorat Boston University and ranked by The Economist magazine as one ofthe world's 25 most influential economists. Larry is also thepresident of Economic Security Planning, Inc. and the founder ofMaximize My Social Security and MaxiFi.We spoke about different investment strategies, ways for governmentsto grow their GDP in order to fund their unfunded liabilities, someinteresting solutions to the healthcare costs crisis, ways in whichtechnology can create prosperity and a lot more.To learn more about professor Kotlikoff, visit:Kotlikoff.netLarrykotlikoff.substack.comMaximizemysocialsecurity.comMaxifi.comApple Podcast: https://tinyurl.com/36u8fmbrSpotify Podcast: https://tinyurl.com/4zv6syfcHardcorefinanceshow.comFollow us on Twitter@MrEBITDA@ShimonLazarovSupport the show

In today's episode, Shimon discusses the recent Silicon Valley bank debacle, the response from the federal reserve, and what it means for the price of Bitcoin and stocks. Are we about to see a large amount of money printing or will the federal reserve be able to sustain interest rates at high levels?  Our special guest is Professor Lawrence Kotlikoff, economics professor at Boston University and ranked by The Economist magazine as one of the world's 25 most influential economists. Larry is also the president of Economic Security Planning, Inc. and the founder of Maximize My Social Security and MaxiFi.  We spoke about the fiscal gap in the USA, The USA vs China in the 21st century, Social Security, and a lot more. Kotlikoff.netLarrykotlikoff.substack.comMaximizemysocialsecurity.comMaxifi.com Apple Podcast: https://tinyurl.com/36u8fmbr Spotify Podcast: https://tinyurl.com/4zv6syfc Hardcorefinanceshow.com  Follow us on Twitter @MrEBITDA @ShimonLazarovSupport the show

On this episode host Josh Nelson talks to one of the top 25 economist in the country , Laurence Kotlikoff, about inflation and it's effects on your money now and in the future, as well as retirement.  Laurence Kotlikoff is a professor of economics at Boston University, president of Economic Security Planning, and a New York Times best-selling author.Contact:https://kotlikoff.net/https://joshnelson@keystonefinancial.comInstagram: https://www.instagram.com/keystonefin/Twitter: https://twitter.com/Keystone_Fin?advisorid=33004651Contact Josh: https://www.keystonefinancial.comEditor: Tim Leaman/info.primegen@gmail.comMarketing Director: Macy Chapmanhttps://www.keystonefinancial.com/team/macy-chapman

Josh is joined by Laurence Kotlikoff, Professor of Economics at Boston University, President of Economic Security Planning, Inc, and author of Get What's Yours, The Revised Secrets to Maximizing Your Social Security. They discuss investment planning for 2023 with some predictions on where inflation will be heading, interest rates and the performance of the Fed, plus how strategic planning for Social Security can make a huge difference in retirement.

Josh is joined by fan favorite and regular friend of the show, Laurence Kotlikoff, Professor of Economics at Boston University, President of Economic Security Planning, Inc., and best selling author. They cover inflation, possible recession, interest rates and more. Plus, our country's unsustainable debt, the changing of national economic superiority and his latest book Money Magic. Also, the benefits of the upside investing and how it takes the risk out of financial planning.

This week Lynn sits down for a conversation with Laurence Kotlikoff, a professor of economics at Boston University, president of Economic Security Planning, and a New York Times best-selling author. https://kotlikoff.net/ Want to purchase Larry's new book, Money Magic? Go to the Her Retirement bookstore and support a small book reseller. Interested in the Her Retirement software platform? Check out a free trial at Her Retirement.  Interested in Larry's Maxifi software, but don't want to try and figure out how to use it on your own? Email Lynn at: lynnt@herretirement.com  

On this episode host Josh Nelson talks to one of the top 25 economist in the country , Laurence Kotlikoff, about inflation and it's effects on your money now and in the future, as well as retirement.  Laurence Kotlikoff is a professor of economics at Boston University, president of Economic Security Planning, and a New York Times best-selling author.Contact:https://kotlikoff.net/https://joshnelson@keystonefinancial.com

With Laurence Kotlikoff Ph.D. | Professor of Economics | Author | President of Economics Security Planning Inc BIO: Laurence Kotlikoff is a professor of economics at Boston University, president of Economic Security Planning, New York Times best-selling author and author of 19 books. His columns, articles, and books cover personal finance, generational policy, climate policy, inequality, tax reform, Social Security, banking, robotization, growth, and much more. Laurence's columns have appeared in The NY Times, The Wall Street Journal, The Washington Post, The Hill, The Financial Times, The Times of London, Forbes, CBNC, Bloomberg, PBS NewsHour, The Dallas News, Neue Zürcher Zeitung, the Seattle Times, Vox, Fortune, Seeking Alpha, Yahoo.com, VoxEU, Huffington Post, and other leading media. His company produces the world's most powerful personal financial planning tools. LINKS: Laurence's Website: CLICK HERELaurence's Books: CLICK HERE

Economics applies to every industry at the individual, national, and global level. In this week's episode, we have a distinguished guest who is on a mission to make economics useful at all levels. Dr. Laurence Kotlikoff is an economics professor at Boston University. He is also the author of Money Magic, a personal finance book written from an economist's standpoint. Today's podcast examines his book and financial outlook, which frequently counters conventional economic theories. Throughout the podcast, he shares his experience in handling personal financial decisions while also discussing some insightful observations about the state of our country. [03:38] Introduction – Laurence introduces himself and discusses his current career emphasis. [06:22] Personal Financial Decision Making - We must see individual financial decisions through the prism of consumption smoothing. Laurence explains what this is and why it is essential. [12:42] IRA and Mortgage - Laurence outlines why under certain circumstances, it makes sense to withdraw funds from the IRA to pay off the mortgage. [18:43] Investments – Laurence discusses investments, stocks, and the importance of making sound investment decisions. Furthermore, he evaluates the risk associated with each sort of investment. [32:06] Social Security – Laurence discusses how individuals can navigate the complex social security web. [34:10] Viability - Laurence discusses the Social Security system's viability and what individuals may do to prop it up. [42:54] Massive Deficits - Whether it is the aggregate federal deficit, unfunded liabilities, or Social Security, taxing one's way out of some deficits is politically unappealing. Laurence discusses his approach to enormous deficits. [48:28] Politics and Economics – Laurence discusses the causes of present crises, relating them to a lack of synergy between policts and economics. [51:33] Campaign Trail – Laurence reflects on his 2016 presidential campaign experience, and shares what he would do differently in 2024 if he was running with an unlimited campaign budget.   Resources: Connect with Dr. Laurence: Website: kotlikoff.net LinkedIn: linkedin.com/in/laurencekotlikoff   Mentioned in the episode: Maxifi: maxifiplanner.com Economic Security Planning: economicsecurityplanning.com/ Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life: goodreads.com/book/show/56620849-money-magic?

"The biggest risk we face in old age, or maybe the second biggest apart from healthcare costs, is longevity risk - out running our money." - Laurence Kotlikoff In this episode, Stephen Stricklin continues his conversation with Laurence Kotlikoff, a Professor of Economics at Boston University and best-selling author. They cover several more details about Laurence's new book, “Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life”. A large part of the discussion was around the 5 main risks to one's living standard that Larry talks about in greater detail in his book. Those 5 risks are earnings risk, mortality risk, longevity risk, inflation risk, and investment risk. They discuss: Chapter five of his book titled, Get House Rich. Moving out of his house in Boston to a “new” house in Rhode Island. Living Standard and mitigating several different risks. The 5 main risks mentioned in Money Magic. Laurence shares the importance of annuities and why they got one for his mom when she was 88 years old. Stephen and Paul end the episode talking about the importance of retirement plans that are specific to the individual. Connect With Laurence Kotlikoff: https://kotlikoff.net LinkedIn: Laurence Kotlikoff http://maxifi.com Connect With Stephen Stricklin: stephen@wisewealth.com WiseWealth.com Simplify Your Retirement LinkedIn: Stephen Stricklin LinkedIn: Wise Wealth LLC About Our Guest: Laurence Kotlikoff is a Professor of Economics at Boston University, Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, and President of Economic Security Planning, Inc, and a New York Times best-selling author. His columns, articles, and books cover personal finance, generational policy, climate policy, inequality, tax reform, Social Security, banking, robotization, growth, and much more.

Retirement planning entails a series of important decisions, including lifestyle decisions with long-lasting consequences. My guest today, economist Larry Kotlikoff, discusses his new book, Money Magic: An Economist's Secrets to More Money,Less Risk, and a Better Life, and how to make smarter lifestyle decisions by understanding the true price tags for each of them. See below for Larry Kotlikoff's full bio and links to learn more. _________________________ Retirement Wisdom is partnering with One Day University to bring you a FREE live-streamed talk with renowned Amherst Professor Catherine Sanderson, on January 18th, at 7 pm ET | 6pm CT | 4 pm PT. Professor Sanderson will present a live-streamed, one-hour version of her most popular course, Positive Psychology: The Science of Happiness, including time for Q&A in real-time. If you can't tune in live, everyone who RSVPs will receive a link to watch the class anytime they want. To RSVP today for this free class, just visit: www.onedayu.com/retirementwisdom __________________________ Bio Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., a company specializing in financial planning software, a Research Associate of the Gaidar Institute, and a Research Fellow of the Goodman Institute.Kotlikoff is also a New York Times Best Selling author. The Economist Magazine ranked Kotlikoff one of the world's 25 most influential economists. His website is Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. From 1977 through 1983, Kotlikoff served on the faculties of economics of the University of California, Los Angeles and Yale University. In 1981-82 Professor Kotlikoff was a Senior Economist with the President's Council of Economic Advisers. Professor Kotlikoff's writings and research address personal finance, inequality, taxation, Social Security, climate change, investing, healthcare, deficits, and insurance. Professor Kotlikoff is author or co-author of 20 books, hundreds of professional journal articles, and a multitude of op eds and blogs. His most recent books are Money Magic: An Economist's Secrets to More Money,Less Risk and a Better Life, You're Hired, Get What's Yours – the Revised Secrets to Maxing Out Your Social Security (a NY Times Best Seller co-authored with Philip Moeller and Paul Solman), The Clash of Generations (co-authored with Scott Burns), The Economic Consequences of the Vickers Commission, Jimmy Stewart Is Dead, Spend ‘Til the End, (co-authored with Scott Burns), Generational Policy (MIT Press), The Healthcare Fix, and The Coming Generational Storm (co-authored with Scott Burns). Kotlikoff's columns have appeared in The NY Times, The Wall Street Journal, The Washington Post, The Hill, The Financial Times, The Times of London, Forbes, CBNC, Bloomberg, PBS NewsHour, The Dallas News, Neue Zürcher Zeitung, the Seattle Times, Vox, Fortune, Seeking Alpha, Yahoo.com, VoxEU, Huffington Post, and other leading media. Kotlikoff has served as a consultant to the Federal Reserve, the International Monetary Fund, the World Bank, the Harvard Institute for International Development, the Organization for Economic Cooperation and Development, the Swedish Ministry of Finance, the Norwegian Ministry of Finance, the Bank of Italy, the Bank of Japan, the Bank of England, the Government of Russia, the Government of Ukraine, the Government of Bolivia, the Government of Bulgaria, the Treasury of New Zealand, the Office of Management and Budget, the U.S. Department of Education, the U.S. Department of Labor, the Joint Committee on Taxation, The Commonwealth of Massachusetts,

Welcome to season 4 of the Simplify Your Retirement Podcast! Season 4 will be packed with exciting guests, and popular FAQ's Stephen gets from clients.   In part one of this two-part interview, Stephen Stricklin is joined by Laurence Kotlikoff, a Professor of Economics at Boston University and a best-seling author. They discuss Kotlikoff's brand-new book, “Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life”. A magician isn't smarter than anyone else, he just happens to learn something that he can convey in a way that surprises people. Laurence's goal is just that – to share what he's learned in an unconventional and entertaining way that will transform your financial thinking and show you how to improve your financial future. He shares snippets from his book such as: Why he decided to become an Economist rather than a doctor, why students should consider not borrowing for college, finding a job you love but others hate, among other things.  Laurence discusses: Why he decided to become an Economist instead of a doctor Discusses his latest book, “Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life” Why he has a chapter in his book on not borrowing for college.  Thinking about those who don't graduate or even go to college. What are they going to do? Having a smooth living standard over your lifetime. And more Resources: https://simplifyyourretirement.com Season 1 Season 2 Season 3 Larry's original Episode: S2 Ep3 Connect With Laurence Kotlikoff: https://kotlikoff.net LinkedIn: Laurence Kotlikoff http://maxifi.com Connect With Stephen Stricklin: stephen@wisewealth.com WiseWealth.com Simplify Your Retirement LinkedIn: Stephen Stricklin LinkedIn: Wise Wealth LLC About Our Guest: Laurence Kotlikoff is a Professor of Economics at Boston University, Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, and President of Economic Security Planning, Inc, and a New York Times best-selling author. His columns, articles, and books cover personal finance, generational policy, climate policy, inequality, tax reform, Social Security, banking, robotization, growth, and much more.

Josh Jalinski, The Financial Quarterback, is joined by Laurence Kotlikoff, Professor of Economics at Boston University, President of Economic Security Planning, Inc, and author of Get What's Yours, The Revised Secrets to Maximizing Your Social Security. He joins Josh to discuss the status of the economy including inflation, unemployment, interest rates, and social security. Plus, his upcoming book Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life, which is due out on Jan 4th, 2022. In this segment, Josh and Laurence discuss some of the various ways people can raise their living standards in 2022. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

My guest today is Laurence Kotlikoff. He is a Professor of Economics at Boston University, Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., and Director of the Fiscal Analysis Center. He has written 19 books. The topic is his book Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life. In this episode of Trend Following Radio we discuss: Student Loans in the United States Credit Card Debt Standard of Living Divorce Planning Financial Thinking Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Laurence Kotlikoff harnesses the power of economics and advanced computation to deliver a host of spellbinding, but simple money magic tricks that will transform your financial future. Each trick shares a basic ingredient for financial savvy based on economic common sense, not Wall Street snake oil. Money Magic offers a clear path to a richer, happier, and safer financial life. Whether you're making education, career, marriage, lifestyle, housing, investment, retirement, or Social Security decisions, Kotlikoff provides a clear framework for readers of all ages and income levels to learn tricks like: How to choose a career to maximize your lifetime earnings (hint: you may want to consider picking up a plunger instead of a stethoscope). How to buy a superior education on the cheap and graduate debt-free. Why it's smarter to cash out your IRA to pay off your mortgage. Why delaying retirement for two years can reap dividends and how to lower your average lifetime tax bracket. Money Magic's most powerful act is transforming your financial thinking, explaining not just what to do, but why to do it. Get ready to discover the economics approach to financial planning—the fruit of a century's worth of research by thousands of cloistered economic wizards whose now-accessible collective findings turn conventional financial advice on its head. Kotlikoff uses his soft heart, hard nose, dry wit, and flashing wand to cast a powerful spell, leaving you eager to accomplish what you formerly dreaded: financial planning. Bio: Laurence Kotlikoff is a Professor of Economics at Boston University, Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., and Director of the Fiscal Analysis Center. He has written 19 books. In this episode of Trend Following Radio: Student Loans in the United States Credit Card Debt Standard of Living Divorce Planning Financial Thinking

Josh Jalinski, The Financial Quarterback, is joined by Laurence Kotlikoff, Professor of Economics at Boston University, President of Economic Security Planning, Inc, and author of Get What's Yours, The Revised Secrets to Maximizing Your Social Security. He joins Josh to discuss the status of the economy including inflation, unemployment, interest rates, and social security. Plus, his upcoming book Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life, which is due out on Jan 4th, 2022. In this segment, Josh and Laurence discuss some financial shockers in Laurence's new book where he explains why the poor should hold stock and the rich should hold bonds. Listen to find out! Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback, is joined by Laurence Kotlikoff, Professor of Economics at Boston University, President of Economic Security Planning, Inc, and author of Get What's Yours, The Revised Secrets to Maximizing Your Social Security. He joins Josh to discuss the status of the economy including inflation, unemployment, interest rates, and social security. Plus, his upcoming book Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life, which is due out on Jan 4th, 2022. In this segment, Josh and Laurence talk about what tips there are for widows who lose their spouses before the full retirement age. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback, is joined by Laurence Kotlikoff, Professor of Economics at Boston University, President of Economic Security Planning, Inc, and author of Get What's Yours, The Revised Secrets to Maximizing Your Social Security. He joins Josh to discuss the status of the economy including inflation, unemployment, interest rates, and social security. Plus, his upcoming book Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life, which is due out on Jan 4th, 2022. In this segment, Josh and Laurence share some of the secrets to maximizing your social security. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback, is joined by Laurence Kotlikoff, Professor of Economics at Boston University, President of Economic Security Planning, Inc, and author of Get What's Yours, The Revised Secrets to Maximizing Your Social Security. He joins Josh to discuss the status of the economy including inflation, unemployment, interest rates, and social security. Plus, his upcoming book Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life, which is due out on Jan 4th, 2022. In this segment, Josh and Laurence discuss why it's not the money managing tool that matters it's the advisor and how they use it Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Laurence Kotlikoff is a Professor of Economics at Boston University and author of the forthcoming book, MONEY MAGIC: An Economist's Secrets to More Money, Less Risk, and a Better Life. We discuss the differences between an economist's approach to financial planning versus Wall Street's. Kotlikoff shares unconventional wisdom, such as the benefit of paying off your mortgage with your IRA in retirement, how some professions are better to pursue in terms of lifetime earnings (clue: it's not medicine) and why delaying retirement by just two years can enhance financial security. More about Laurence: He is Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., and Director of the Fiscal Analysis Center. Professor Kotlikoff has written 20 books and hundreds of professional articles and Op-Eds. He is a New York Times best-selling author and a frequent television and radio guest. His columns have appeared in The New York Times, The Wall Street Journal, The Financial Times, The Boston Globe, Bloomberg, Forbes, Yahoo.com, Fortune, and other major publications. In 2014, The Economist named him one of the world's 25 most influential economists. Learn more about his work and find additional resources by visiting his website here. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Macro And Micro Economics Of Social Security    Welcome to episode #5 of Social Security: Answers From The Experts with Martha Shedden. In this highly informative episode Martha sits down with Laurence Kotlikoff, and they talk about many aspects of Social Security planning as well as Larry's views on retirement financial planning in general. It is an episode filled with useful information that can be put to good use.   Laurence Kotlikoff is a professor of economics at Boston University, president of Economic Security Planning, and a New York Times best-selling author. His columns, articles, and books cover personal finance, generational policy, climate policy, inequality, tax reform, Social Security, banking, robotization, growth, and much more. His company produces the world's most powerful personal financial planning tools.     Here is what to expect on this week's show: ●    Information about Larry's background, how his thesis paper in college helped steer him into what he does, and information about his best selling book on Social Security. ●    Some of the most common questions Larry faces about retirement finances while he is writing his “Ask Larry” column. ●    Information about the software that Larry helps to develop, software that aims at preserving and raising a family's financial wellbeing. ●    The “chicken and egg” problem that many families face, and how Larry addresses this in his financial planning. ●    The changes Larry would make to Social Security, if he had the power to (this is very interesting!). ●    The intriguing story of the two times that Larry ran for president as a write-in candidate.    ●    How longevity risk is a real thing and how people make mistakes with this risk when it comes to Social Security decisions. ●    Some important thoughts about how to think about investing in the market and when to turn to inflation index bonds. Links mentions:   Kotlikoff.net Kotlikoff@gmail.com Connect with Larry: Twitter: https://twitter.com/kotlikoff?lang=en LinkedIn: https://www.linkedin.com/in/laurencekotlikoff/ Facebook: https://www.facebook.com/laurence.kotlikoff   Learn more about your ad choices. Visit megaphone.fm/adchoices

Josh Jalinski, The Financial Quarterback, is joined by Laurence Kotlikoff, Professor of Economics at Boston University, President of Economic Security Planning, Inc, and author of Get What's Yours, The Revised Secrets to Maximizing Your Social Security. Laurence also has a new book coming out in January called: Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life which you can pre-order now! In this segment, Laurence talks about dealing with financial risks and how to withstand shocks so you don't have to lower your living standards in your retirement. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback, is joined by Laurence Kotlikoff, Professor of Economics at Boston University, President of Economic Security Planning, Inc, and author of Get What's Yours, The Revised Secrets to Maximizing Your Social Security. Laurence also has a new book coming out in January called: Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life which you can pre-order now! In this segment, Laurence and Josh discuss the cost of college tuition these days, and how many middle-class income families are eligible to take advantage of some significant discounts. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback, is joined by Laurence Kotlikoff, Professor of Economics at Boston University, President of Economic Security Planning, Inc, and author of Get What's Yours, The Revised Secrets to Maximizing Your Social Security. Laurence also has a new book coming out in January called: Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life which you can pre-order now! In this segment, Laurence tells us how economists say we can't time the market for return but we SHOULD time the market for risk. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback, is joined by Laurence Kotlikoff, Professor of Economics at Boston University, President of Economic Security Planning, Inc, and author of Get What's Yours, The Revised Secrets to Maximizing Your Social Security. Laurence also has a new book coming out in January called: Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life which you can pre-order now! In this segment, Laurence and Josh discuss the long-term value of the U.S. dollar as the U.S. Treasury department expands their money printing while at the same time the Fed is borrowing money. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter, and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Today I'm speaking to Laurence (Larry) Kotlikoff. Larry is a professor of economics at Boston University, a New York Times best-selling author, and the president of Economic Security Planning, where he works to produce powerful personal financial planning tools.  For much of his career, including two Presidential runs in 2012 and 2016, he's been uniquely focused on personal finance and economic reform. He believes that we have the power to improve our individual economic futures, as well as our nation and our planet's–but that there are real challenges along the way. In today's conversation, Larry and I dig into the major problems facing the American economy in 2021, why higher taxes are all but inevitable (and why our government fails to tax so many people correctly), and how to evaluate Social Security to make the most of your potential benefits.  One more thing before we get started. We've got a bunch of copies of Larry's book,  Get What's Yours: The Secrets to Maxing Out Your Social Security, and we're going to send them out until they're all gone! Here's all you have to do... Step 1.) Subscribe to the podcast and leave an honest rating & review over on iTunes. Step 2.) Send an email to info@howardbailey.com with your iTunes username and mailing address, and we will ship you the book for free. It's that simple! Show Notes: RetireWithPurpose.com/240 Rate & Review the Podcast: RetireWithPurpose.com/review Weekly Retirement Newsletter: RetireWithPurpose.com/weekend-reading

Today's Flash Back Friday comes from Episode 265, originally published in June 2012. Jason Hartman hosts Professor Laurence Kotlikoff, author of The Clash of Generations: Saving Ourselves, Our Kids, Our Economy, regarding the problems with the economy and the effect that the astronomical national debt and government spending will have on generations to come. ** LIVE ORLANDO CONFERENCE ** Join us for Empowered Investor LIVE: https://www.EmpoweredInvestor.com Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com Jason's TV Clips: https://vimeo.com/549444172  Asset Protection, Tax Savings & Estate Planning: http://JasonHartman.com/Protect  What do Jason's clients say? http://JasonHartmanTestimonials.com Easily get up to $250,000 in funding for real estate, business or anything else  http://JasonHartman.com/Fund  Call our Investment Counselors at: 1-800-HARTMAN (US) or visit https://www.jasonhartman.com/ Guided Visualization for Investors: http://jasonhartman.com/visualization Professor Kotlikoff paints a picture of the magnitude of these issues very clearly, explaining that the fiscal gap is $211 trillion. He explains that we would have to raise every federal tax immediately and permanently by 64 percent or cut all non-interest spending by the government (Medicare, Social Security, defense spending, etc) by 40 percent. “The country is broke, totally broke,” says Professor Kotlikoff. He emphasizes that this applies to today, not 75 years down the road. Jason and Professor Kotlikoff also discuss why the 2007 quadrupled money base through money printing hasn't hit the streets yet in the form of hyperinflation. Essentially, banks are being bribed to hold money reserves by the Fed. In simplistic terms, the Federal Reserve prints the money, lends it out at very low interest rates to the banks, and then the banks deposit it back with the Federal Reserve and get a higher interest rate. This makes banks more solvent over time without the public ever knowing what is going on. Professor Kotlikoff also talks about a proposal to fix the financial system, which he refers to as a fragile system, presently a “trust me” banking system where the public is unaware of what the banks are doing with their money. Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., a company specializing in financial planning software, a frequent columnist for Bloomberg and Forbes, and a blogger for The Economist and The Huffington Post. Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. From 1977 through 1983 he served on the faculties of economics of the University of California, Los Angeles and Yale University. In 1981-82 Professor Kotlikoff was a Senior Economist with the President's Council of Economic Advisers. Professor Kotlikoff is author or co-author of 15 books and hundreds of professional journal articles. His most recent books are The Clash of Generations (co-authored with Scott Burns, MIT Press), Jimmy Stewart Is Dead (John Wiley & Sons), Spend ‘Til the End, (co-authored with Scott Burns, Simon & Schuster), The Healthcare Fix (MIT Press), and The Coming Generational Storm (co-authored with Scott Burns, MIT Press). Professor Kotlikoff publishes extensively in newspapers, and magazines on issues of financial reform, personal finance, taxes, Social Security, healthcare, deficits, generational accounting, pensions, saving, and insurance. Professor Kotlikoff has served as a consultant to the International Monetary Fund, the World Bank, the Harvard Institute for International Development, the Organization for Economic Cooperation and Development, the Swedish Ministry of Finance, the Norwegian Ministry of Finance, the Bank of Italy, the Bank of Japan, the Bank of England, the Government of Russia, the Government of Ukraine, the Government of Bolivia, the Government of Bulgaria, the Treasury of New Zealand, the Office of Management and Budget, the U.S. Department of Education, the U.S. Department of Labor, the Joint Committee on Taxation, The Commonwealth of Massachusetts, The American Council of Life Insurance, Merrill Lynch, Fidelity Investments, AT&T, AON Corp., and other major U.S. corporations.

Josh Jalinski, The Financial Quarterback is joined by Laurence Kotlikoff Professor of Economics at Boston University, president of Economic Security Planning, and a New York Times best-selling author. His columns, articles, and books cover personal finance, generational policy, climate policy, inequality, tax reform, Social Security, banking, robotization, growth, and much more. In this segment, Professor Kotlikoff explains why he thinks that inflation is wearing us down. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback is joined by Laurence Kotlikoff Professor of Economics at Boston University, president of Economic Security Planning, and a New York Times best-selling author. His columns, articles, and books cover personal finance, generational policy, climate policy, inequality, tax reform, Social Security, banking, robotization, growth, and much more. In this segment, Josh and Professor Laurence Kotlikoff discuss why we need to take shelter from inflation. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback is joined by Laurence Kotlikoff Professor of Economics at Boston University, president of Economic Security Planning, and a New York Times best-selling author. His columns, articles, and books cover personal finance, generational policy, climate policy, inequality, tax reform, Social Security, banking, robotization, growth, and much more. In this segment, Professor Laurence Kotlikoff shares some financial tips and advice to help you get ahead of inflation. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback is joined by Laurence Kotlikoff Professor of Economics at Boston University, president of Economic Security Planning, and a New York Times best-selling author. His columns, articles, and books cover personal finance, generational policy, climate policy, inequality, tax reform, Social Security, banking, robotization, growth, and much more. In this segment, Josh and Laurence discuss the great inflation-deflation debate. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback is joined by Laurence Kotlikoff Professor of Economics at Boston University, president of Economic Security Planning, and a New York Times best-selling author. His columns, articles, and books cover personal finance, generational policy, climate policy, inequality, tax reform, Social Security, banking, robotization, growth, and much more. In this segment, Professor Kotlikoff explains to Josh why he thinks that we need fundamental tax reform in this country. Listen to the Financial Quarterback live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback is joined by Laurence Kotlikoff, Professor of Economics at Boston University, President of Economic Security Planning, Inc, and author of Get What's Yours, The Revised Secrets to Maximizing Your Social Security. Together Josh and Professor Kotlikoff, answer the question of whether you should pay off your mortgage or keep that debt. Listen live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

Josh Jalinski, The Financial Quarterback is joined by Laurence Kotlikoff, Professor of Economics at Boston University, President of Economic Security Planning, Inc, and author of Get What's Yours, The Revised Secrets to Maximizing Your Social Security. Together Josh and Professor Kotlikoff, guide a caller with strategies to lower a mortgage balance. Listen live every Sat/Sun 9am EST on WOR AM710. Follow Josh on Facebook, Twitter and YouTube. Visit Jalinski.org for more information, and pick up his latest book, Retirement Reality Check now.

The Trump Tax Plan that is being considered by Congress has been getting a whole lot of bad press. But is it really that bad compared to what we have right now? Laurence Kotlikoff, William Fairfield Warren Professor at Boston University and President of Economic Security Planning, Inc, talks with Jason Hartman about what kind of impact the plan will actually have on the economy, why his model is different from many of the others, what we need to do to get the economy stimulated and rolling again, and what changes it would bring for real estate investors. Key Takeaways: Jason's Monologue: [2:15] The myth of coastal properties "It is amazing to me how just the right mindset will change ones life" [8:32] Finding his 4 big mentors at the age of 17 changed the course of Jason's life [13:44] The prizes for the 5 Year Plan Contest are revealed Laurence Kutlikoff Interview: [19:11] Reactions to the proposed tax cuts have been over the top because they're based on an analysis done with a faulty model [23:44] Laurence's model shows that the tax cut plan will actually stimulate growth because of the corporate tax reform [27:40] What the new plan would mean to real estate investors [30:49] Every change to the tax code takes a few years for people to adjust [33:48] This is one of the few times when you can lower the tax rate and actually get more revenue [37:30] Would lower personal income taxes increase consumption and stimulate the economy? Website: www.JasonHartman.com/Masters www.Kutlikoff.net www.EconomicSecurityPlanning.com "Generally who the government thinks they're helping isn't who they're helping, and who they think they're hurting isn't who they're hurting" "No country that has grown dramatically has done it by spending"

Money issues are 1 of the top 3 reasons couples get divorced in the United Sates, based on a recent survey by the Institute for Divorce Financial Analysts. Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, Head of International Department for Fiscal Sustainability Studies, the Gaidar Institute, President of Economic Security Planning, Inc., a company specializing in financial planning software, and the Director of the Fiscal Analysis Center. Professor Kotlikoff is a NY Times Best Selling author and an active columnist. His columns and blogs have appeared in The New York Times, The Wall Street Journal, The Financial Times, the Boston Globe, Bloomberg, Forbes, Vox, The Economist, Yahoo.com, Huffington Post and other major publications. In addition, he is a frequent guest on major television and radio stations. In 2014, he was named by The Economist as one of the world's 25 most influential economists. In 2015 he was name one of the 50 most influential people in Aging by Next Avenue. Professor Kotlikoff is author or co-author of 19 books and hundreds of professional journal articles. His most recent book, Get What's Yours -- the Secrets of Maxing Out Your Social Security Benefits is a runaway New York Times Best Seller. His other recent books are The Clash of Generations , The Economic Consequences of the Vickers Commission , Jimmy Stewart Is Dead , Spend ‘Til the End, The Healthcare Fix , The Coming Generational Storm , and Generational Policy . Through his company, Professor Kotlikoff has designed the nation's top-ranked personal financial planning software and Social Security lifetime benefit maximization software.   To learn more about Laurence Kotlikoff visit: https://www.kotlikoff.net/ Personal Finance Cheat Sheet Article: http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/ Financial Advisor Magazine Articles: http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3  http://www.fa-mag.com/news/on-it-s-80th-anniversaryadvisors-consider-social-security-s-impactfuture-22784.html?section=3 You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at: http://directory.libsyn.com/shows/view/id/moneymatters or www.moneymatterspodcast.com #KPFTHOUSTON #KOTLIKOFF

INDEPENDENT CANDIDATE FOR PRESIDENT Laurence Kotlikoff is running for the office of President of the United States. What does he think about the current candidates and their ideas for fixing our current political and economic problems? What is the true figure for the national debt? Why does he think his ideas are better than those of Donald Trump and Secretary Clinton? Learn all about it in his free book, Write Us In. Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., a company specializing in financial planning software, and the Director of the Tax Analysis Center. Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. https://kotlikoff2016.com/ http://kotlikoff.net

Jason Hartman hosts an interesting interview with Professor Laurence Kotlikoff, author of The Clash of Generations: Saving Ourselves, Our Kids, Our Economy, regarding the problems with the economy and the effect that the astronomical national debt and government spending will have on generations to come. Professor Kotlikoff paints a picture of the magnitude of these issues very clearly, explaining that the fiscal gap is $211 trillion. He explains that we would have to raise every federal tax immediately and permanently by 64 percent or cut all non-interest spending by the government (Medicare, Social Security, defense spending, etc) by 40 percent. “The country is broke, totally broke,” says Professor Kotlikoff. He emphasizes that this applies to today, not 75 years down the road. Jason and Professor Kotlikoff also discuss why the 2007 quadrupled money base through money printing hasn't hit the streets yet in the form of hyperinflation. Essentially, banks are being bribed to hold money reserves by the Fed. In simplistic terms, the Federal Reserve prints the money, lends it out at very low interest rates to the banks, and then the banks deposit it back with the Federal Reserve and get a higher interest rate. This makes banks more solvent over time without the public ever knowing what is going on. Professor Kotlikoff also talks about a proposal to fix the financial system, which he refers to as a fragile system, presently a “trust me” banking system where the public is unaware of what the banks are doing with their money. Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., a company specializing in financial planning software, a frequent columnist for Bloomberg and Forbes, and a blogger for The Economist and The Huffington Post. Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. From 1977 through 1983 he served on the faculties of economics of the University of California, Los Angeles and Yale University. In 1981-82 Professor Kotlikoff was a Senior Economist with the President's Council of Economic Advisers. Professor Kotlikoff is author or co-author of 15 books and hundreds of professional journal articles. His most recent books are The Clash of Generations (co-authored with Scott Burns, MIT Press), Jimmy Stewart Is Dead (John Wiley & Sons), Spend ‘Til the End, (co-authored with Scott Burns, Simon & Schuster), The Healthcare Fix (MIT Press), and The Coming Generational Storm (co-authored with Scott Burns, MIT Press). Professor Kotlikoff publishes extensively in newspapers, and magazines on issues of financial reform, personal finance, taxes, Social Security, healthcare, deficits, generational accounting, pensions, saving, and insurance. Professor Kotlikoff has served as a consultant to the International Monetary Fund, the World Bank, the Harvard Institute for International Development, the Organization for Economic Cooperation and Development, the Swedish Ministry of Finance, the Norwegian Ministry of Finance, the Bank of Italy, the Bank of Japan, the Bank of England, the Government of Russia, the Government of Ukraine, the Government of Bolivia, the Government of Bulgaria, the Treasury of New Zealand, the Office of Management and Budget, the U.S. Department of Education, the U.S. Department of Labor, the Joint Committee on Taxation, The Commonwealth of Massachusetts, The American Council of Life Insurance, Merrill Lynch, Fidelity Investments, AT&T, AON Corp., and other major U.S. corporations. He has provided expert testimony on numerous occasions to committees of Congress including the Senate Finance Committee, the House Ways and Means Committee, and the Joint Economic Committee.

Learn the secrets to maximizing your Social Security benefits and earn up to thousands of dollars more each year with expert advice that you can't get anywhere else.Want to know how to navigate the forbidding maze of Social Security and emerge with the highest possible benefits? You could try reading all 2,728 rules of the Social Security system (and the thousands of explanations of these rules), but Kotlikoff, Moeller, and Solman explain Social Security benefits in an easy to understand and user-friendly style. What you don't know can seriously hurt you: wrong decisions about which Social Security benefits to apply for cost some individual retirees tens of thousands of dollars in lost income every year.   On today's show we were once again joined by Suzanne Edwards, Money and Legal reporter for Houston Business Journal. Suzanne updated us on the local banking trends in Houston in relation to the oil market. We were joined at the halfway mark by author Laurence Kotlikoff and discussed his newest book Get What's Yours: The Secrets to Maxing Out Your Social Security.   Laurence J. Kotlikoff is William Fairfield Warren Distinguished Professor and a professor of economics at Boston University.  He is also president of Economic Security Planning, Inc., a company specializing in financial planning software.  His company websites are ESPlanner.com and MaximizeMySocialSecurity.com.  He is author or co-author of sixteen books, including Spend ‘Til the End and The Coming Generational Storm (both with Scott Burns).  His work has appeared in The New York Times, The Wall Street Journal, The Financial Times, Bloomberg, Forbes, The Economist, Huffington Post, and other major publications.  He has served as a consultant to the International Monetary Fund, the World Bank, governments around the world, and major U.S. corporations including Merrill Lynch, Fidelity Investments, and AON.  In addition, he has provided expert testimony on numerous occasions to committees of Congress.  He lives in Boston.     You can find out more about Laurence Kotlikoff by visiting his website at: www.getwhatsyours.org   You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at: http://directory.libsyn.com/shows/view/id/moneymatters or www.moneymatterspodcast.com ‪#‎kpft #hbjsuzanne    

Jason Hartman hosts an interesting interview with Professor Laurence Kotlikoff, author of The Clash of Generations: Saving Ourselves, Our Kids, Our Economy, regarding the problems with the economy and the effect that the astronomical national debt and government spending will have on generations to come. Listen at: www.JasonHartman.com. Professor Kotlikoff paints a picture of the magnitude of these issues very clearly, explaining that the fiscal gap is $211 trillion. He explains that we would have to raise every federal tax immediately and permanently by 64 percent or cut all non-interest spending by the government (Medicare, Social Security, defense spending, etc) by 40 percent. “The country is broke, totally broke,” says Professor Kotlikoff. He emphasizes that this applies to today, not 75 years down the road. Jason and Professor Kotlikoff also discuss why the 2007 quadrupled money base through money printing hasn't hit the streets yet in the form of hyperinflation. Essentially, banks are being bribed to hold money reserves by the Fed. In simplistic terms, the Federal Reserve prints the money, lends it out at very low interest rates to the banks, and then the banks deposit it back with the Federal Reserve and get a higher interest rate. This makes banks more solvent over time without the public ever knowing what is going on. Professor Kotlikoff also talks about a proposal to fix the financial system, which he refers to as a fragile system, presently a “trust me” banking system where the public is unaware of what the banks are doing with their money.Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., a company specializing in financial planning software, a frequent columnist for Bloomberg and Forbes, and a blogger for The Economist and The Huffington Post. Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. From 1977 through 1983 he served on the faculties of economics of the University of California, Los Angeles and Yale University. In 1981-82 Professor Kotlikoff was a Senior Economist with the President's Council of Economic Advisers.Professor Kotlikoff is author or co-author of15 books and hundreds of professional journal articles. His most recent books are The Clash of Generations (co-authored with Scott Burns, MIT Press), Jimmy Stewart Is Dead (John Wiley & Sons), Spend ‘Til the End, (co-authored with Scott Burns, Simon & Schuster), The Healthcare Fix (MIT Press), and The Coming Generational Storm (co-authored with Scott Burns, MIT Press).Professor Kotlikoff publishes extensively in newspapers, and magazines on issues of financial reform, personal finance, taxes, Social Security, healthcare, deficits, generational accounting, pensions, saving, and insurance. Professor Kotlikoff has served as a consultant to the International Monetary Fund, the World Bank, the Harvard Institute for International Development, the Organization for Economic Cooperation and Development, the Swedish Ministry of Finance, the Norwegian Ministry of Finance, the Bank of Italy, the Bank of Japan, the Bank of England, the Government of Russia, the Government of Ukraine, the Government of Bolivia, the Government of Bulgaria, the Treasury of New Zealand, the Office of Management and Budget, the U.S. Department of Education, the U.S. Department of Labor, the Joint Committee on Taxation, The Commonwealth of Massachusetts, The American Council of Life Insurance, Merrill Lynch, Fidelity Investments, AT&T, AON Corp., and other major U.S. corporations. He has provided expert testimony on numerous occasions to committees of Congress including the Senate Finance Committee, the House Ways and Means Committee, and the Joint Economic Committee.