Dazzle Them with Demographics

James K. Galbraith

A chapter in Unbearable Cost, 2006, pp 203-207 from Palgrave Macmillan

Abstract: 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.

Keywords: Social Security; Real Wage; Cash Holding; Trust Fund; Cash Surplus (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23672-1_59

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DOI: 10.1057/9780230236721_59

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