Word: kotlikoff
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...Laurence Kotlikoff...
Laurence J. Kotlikoff is a professor of economics at Boston University and co-author of the book The Coming Generational Storm
Monday, March 21. Harvard Book Store presents Laurence J. Kotlikoff discussing The Coming Generational Storm: What You Need to Know About America’s Economic Future. 6:30 p.m. Free. Harvard Book Store, 1256 Mass...
...Direct investment Allowing Social Security to invest its assets directly in stocks, last proposed under President Clinton, could improve the system's meager returns. But it is risky and ripe for abuse. Another plan, proposed by Boston University professor Laurence Kotlikoff, would create private accounts but centralize the investing. Everyone would be invested in the same thing: a global, market-weighted index fund run by the government, not Wall Street. Because the fund would track the market, the risks of making poor investment choices would be minimized...
According to Kotlikoff, one generation will have to bear the costs of the current systems sooner or later...