Abstract
Laurence Kotlikoff came to Texas in May, to speak to the new graduates in economics and to give a seminar at the department. After hearing him grimly forecast the impending bankruptcy of our government, I asked him why the financial markets hadn’t noticed. Uncle Sam is still able to borrow for 20 years at a bit less than 5 percent. How come? Kotlikoff replied that the markets were crazy.
The Coming Generational Storm: What You Need to Know About America’s Economic Future, Laurence J. Kotlikoff and Scott Burns (Cambridge, MA: MIT Press, 2004)
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© 2006 James K. Galbraith
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Galbraith, J.K. (2006). Dazzle Them with Demographics. In: Unbearable Cost. Palgrave Macmillan, London. https://doi.org/10.1057/9780230236721_59
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DOI: https://doi.org/10.1057/9780230236721_59
Publisher Name: Palgrave Macmillan, London
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