The United States has experienced high rates of inflation in the past and appears to be running the same type of fiscal policies that engendered hyperinflations in 20 countries over the past century.
Laurence KotlikoffEither we pay the government's bills, or we leave them for our kids to pay. It's that simple.
Laurence KotlikoffYou might think that Social Security's family benefit maximum is what it sounds like, a straightforward dollar ceiling on the total amount that you, your spouse, and your children can receive on your earnings record and that the same ceiling would apply to everyone. But you'd be wrong. For starters, there's a rather weird and arguably unfair formula for calculating the family benefit maximum.
Laurence Kotlikoff