Our take: Laurence Kotlikoff, professor of economics at Boston University, takes issue with how some academic economists have weighed in on the current presidential race. In doing so, he makes some astute economic arguments about how current policies affect national savings and investment:
If you take money from the young and tell them they will get it back in spades when old, and then give this money to retirees, the following will, as a matter of theory and practice, happen: The elderly will go shopping, the young won't bother saving, national consumption will rise, and domestic investment will fall.
- Why one Mormon man left Hollywood to be a...
- Doug Robinson: We are in the midst of an era...
- Matthew Sanders: Nelson Mandela's goodness...
- Michael Gerson: The gospel according to JC...
- President should not act without...
- My view: Non-discrimination laws have a problem
- Can Mandela's legacy revive the GOP?
- My view: Fix Obamacare, don't replace it
- In our opinion: Don't raise the minimum... 64
- My view: Fix Obamacare, don't replace it 59
- Robert Bennett: Create wealth before... 43
- Letter: Doctors unite 40
- Andrew Morriss: No, Congress should not... 38
- Can Mandela's legacy revive the GOP? 24
- Michael E. Kraft: Yes, Congress should... 22
- President should not act without... 20