"Most likely we will see a combination of all three responses with dramatic increases in poverty, tax, interest rates and consumer prices. This is an awful, downhill road to follow, but it’s the one we are on. And bond traders will kick us miles down our road once they wake up and realize the U.S. is in worse fiscal shape than Greece."
U.S. Is Bankrupt and We Don't Even Know It, by Laurence Kotlikoff (Bloomberg)
No comments:
Post a Comment