from Financial Survival Network
Professor Laurence Kotlifoff
of Boston University joined us to discuss the impact that rising
interest rates will have on the US economy. He’s not overly alarmed. We
talked about the real rate of inflation and the Thanksgiving Dinner
Index. Then we went on to discuss The Inform Act which will require
Congress to actually disclose the debts being shifted to future
generations by the underfunded entitlement programs, which total in the
hundreds of trillions. Also, Professor Kolikoff believes that Janet
Yellen is the better choice to head the Fed as opposed to Larry Sommers.
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