Jason Hartman talks with Laurence Kotlikoff, William Fairfield Warren Professor and Professor of Economics at Boston University, about the massive amount of unfunded mandates that are awaiting the United States. Currently he has that number pegged around $239 trillion, and there are only a few ways that can be resolved.
They also discuss how his software, Maxifi, can help those people who are planning toward retirement. Laurence explains the intricacies, assumptions that many people don’t make when factoring in their savings.
[1:29] The most recent number the unfunded mandates are going to cost
[8:24] Does Laurence believe in Supply-Side Economics?
[11:33] Consuming your way to prosperity has never worked before and won’t now
[14:52] How Laurence would have dealt with the collapse of Lehman Brothers to calm the public’s response to the start of the Great Recession
[18:36] Laurence’s take on Jason’s 6 ways the government can get out of its hole
[24:07] Is the future inflationary?
[25:34] What do we need to do to plan for the future?
[31:52] How much time it takes to input your data into Maxifi
[35:28] Many people are saving too much for their later life because they’re scared