Turning Hard Times Into Good Times

Dr. Laurence Kotlikoff and Michael Oliver return. Kotlikoff recently opined that given $200 trillion of U.S. national debt, the U.S. is in worse financial shape than Russia, China or any developed nation. Unlike most proponents of fiscal rectitude, Professor Kotlikoff proposes an answer that could help Americans to better prepare for the future. But there is a problem with his proposal. It requires politicians to suddenly tell the American people the truth which would most certainly mean the end of their political careers. How serious is America’s financial problem? What does Laurence propose to rectify it? What happens if the problem isn’t fixed while the people remain unaware of it? Was Eisenhower right in suggesting financial weakness may lead to geopolitical insecurity? Those questions and more will be asked of Dr. Kotlikoff. With more time than usual for Michael we will ask him to update us regarding his major market plate tectonics.