Bankers would not be allowed to lend out their customers’ money without explicit permission and full disclosure of the risks. Large private losses could still take place within the financial system but without endangering the rest of the economy or burdening taxpayers. In short, Kotlikoff’s proposal stops bankers from being able to gamble with other people’s money.
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“The Clash of Generations is so well written that Scott Burns and Laurence Kotlikoff should be considered the Stieg Larssons of economics. But there is one difference: the horror story they tell—about the debts that burden the young—are not fictional. This is a great book of great importance, and every paragraph contains some new and interesting observation.”
—George Akerlof, Nobel Laureate in Economics, 2001
Blogs by Laurence Kotlikoff
| Title | Publication | Date |
|---|---|---|
| Obama, Romney and the Fiscal Gap | The Exchange, Yahoo! Finance | 2012-08-13 |
| Putting an End to Faith-Based Banking | Forbes | 2012-07-07 |
| 42 Social Security "Secrets" All Baby Boomers and Millions of Current Recipients Need to Know | Forbes | 2012-07-02 |
| Did Justice Roberts Read My Blog? | Huffington Post | 2012-06-29 |
| Pro Golfers Should Boycott Augusta 'National' Golf Club | Huffington Post | 2012-04-09 |
| Gail Collins' Worst Column | Huffington Post | 2012-04-01 |