While most believe the current U.S. debt load is almost $22 trillion, that’s actually not the case. As Boston University economics professor Laurence Kotlikoff shares in this interview with Chris Marcus of Inside the Markets.
Like with all financial statistical data, a lot depends on how you measure. And Professor #Kotlikoff talks about how when unfunded liabilities like Social Security and Medicare are funded in, the true present value of the liabilities is over $200 trillion!
Which amazingly #WallStreet hasn’t yet realized. Yet for those looking to stay ahead of the next crashing #bubble, this interview is a must watch!
To get access to Professor Kotlikoff’s research visit:
To read the article about the banks that he references in the interview click on:
https://voxeu.org/article/big-con-reassessing-great-recession-and-its-fix
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