Tangent alert right off the bat! Coco must have been a cow in her past life because she moos like one!
Today, Jason welcomes economist Laurence Kotlikoff as they talk about the US government’s $220 TRILLION debt, it’s UNFUNDED mandates and the consequences it will have on our economy. Watch Jason’s video interview HERE. But don’t tell Laurence he went to a Trump rally in Mar-a-Lago, and that he got to shake hands with “the Donald!”
Jason then shares a chart showing the history of inflation rates versus mortgage rates.
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Key Takeaways:
Jason’s editorial
1:54 Introducing today’s guest, Laurence Kotlikoff
4:17 Mar-a-Lago event
6:32 Mortgage interest rate prediction
10:40 Raffle winners
12:12 A massive shortage of conspiracy theories
13:43 Monthly supply of houses in the US
Laurence Kotlikoff Interview
17:05 Welcome Laurence Kotlokoff
18:02 What are unfunded mandates?
19:14 Official and unofficial liabilities, Debt vs GDP
21:41 We need a sizable tax hike to fund social security benefits
24:31 Tax brackets and government benefit programs
26:07 Could we fix the system with healthcare reform?
32:36 Money printing puts pressure on prices
36:08 Russia/Ukraine, China/Taiwan – what do these conflicts mean for the economy?
38:35 The humanitarian and economic consequences of war
40:12 Stock market risk, and tips from Kotlikoff’s new book: Money Magic
42:26 Don’t borrow for college: it’s a scam
45:21 Strategies to protect yourself in times of uncertainty
47:12 Find Laurence at Kotlikoff.net and final thoughts on Russia/Ukraine conflict
48:39 Government borrowing rates
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