Economy

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Earlier on this page, our regular Social Security columnist Larry Kotlikoff argued in favor of "generational accounting" and the recently introduced Intergenerational Financial Obligations Reform Act (INFORM Act), which he helped draft and which has garnered the support of…

Aug 04

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Detroit Today, Washington Tomorrow

By Larry Kotlikoff The official debt total is well below the true "fiscal gap," argues Larry Kotlikoff, who has helped draft the INFORM Act. Photo courtesy of Chip Somodevilla/Getty Images. Paul Solman: Larry Kotlikoff is a dear friend of both…

Aug 04

No image
Detroit Today, Washington Tomorrow

The official debt total is well below the true "fiscal gap," argues Larry Kotlikoff, who has helped draft the INFORM Act. Photo courtesy of Chip Somodevilla/Getty Images. Paul Solman: Larry Kotlikoff is a dear friend of both mine and the…

The correlation between states having no income tax and their economic growth is not as direct as Reagan White House economic adviser Arthur Laffer says it is, argues tax economist Joel Slemrod. Photo courtesy of Jon Boyes/Getty Images. Paul Solman:…

By Joel Slemrod The correlation between states having no income tax and their economic growth is not as direct as Reagan White House economic adviser Arthur Laffer says it is, argues tax economist Joel Slemrod. Photo courtesy of Jon Boyes/Getty…