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9 February 2016

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Glenn Loury (Brown University) and Larry Kotlikoff (Boston University)

On The Glenn Show, Larry makes the case that government debt is much worse than you realize, and says Paul Krugman is suffering from “deficit delusion.” He argues that we’re making a serious error by not using the “infinite horizon” to calculate the fiscal gap. Larry contends that he’s not making a conservative argument, but instead is defending the interests of future generations of Americans. Glenn and Larry discuss two delusions—those of supply-siders and demand-siders. Finally, Larry warns that the monetary policy pursued by Ben Bernanke will lead to hyperinflation.

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Recorded:Mar 12    Posted:Mar 13, 2013
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The Glenn Show | Mar 13, 2013 | Glenn Loury & Larry Kotlikoff

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