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Entries by Laurence J. Kotlikoff from 08/2010

The Current Account "Deficit" Is the Messenger: Don't Shoot It.

| Posted 08.10.2010 | Business

The current account deficit is not something, per se, that countries should be worried about. Indeed, the word "deficit" is a misnomer. What a country's current account measures is the net amount of resources foreigners are investing in the country.

Is There A Government Bond Bubble?

| Posted 08.25.2010 | Business

YES, there is a government bond bubble. And it's huge. Uncle Sam and his counterparts in the EU and Japan are broke and are, almost surely, going to...

Proprietary Information Is a Cover for Fraud and Is Dragging Our Economy Down

| Posted 08.25.2010 | Business

The financial system will continue to be a drag on economic growth because no one trusts it, and, for good reason. Whether or not capital requiremen...

Proprietary Information Is a Cover for Fraud and Is Dragging Our Economy Down

| Posted 08.25.2010 | Business

The financial system will continue to be a drag on economic growth because no one trusts it, and, for good reason. Whether or not capital requiremen...

What Should the Fed Do to Move the Economy Ahead?

| Posted 08.25.2010 | Business

if the Fed is ultimately going to need to print money to pay the government's bills, this is the time to do it or, at least, more of it.