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The Coming Generational Storm: What You Need to Know about Americas Economic Future (9780262612081): Scott Burns, Laurence J. Kotlikoff: Books. ...Filled with advice on protecting what you've got and making it grow before and during retirement. Chris Tucker Dallas Morning News The Coming Generational Storm...lays out in easy-to-understand prose why Social Security and Medicare need a comprehensive overhaul. Gregory D. Hess Los Angeles Times...Kotlikoff proffer plenty of evidence to back up their claims. Anne Wagner National JournalThe policy solutions of Kotlikoff and Burns are specific and ingenious.... Michael Mandel Business Week...[A] serious attempt to look at a problem that most people are trying to ignore. Alan Beattie Financial Timesexcellent and scary Nicholas Kristof New York Times... Filled with advice on protecting what you've got and making it grow before and during retirement. Chris Tucker Dallas Morning NewsHaving painted a fiscal picture as awful as 'Guernica,' the authors unveil two bold plans....[An] engaging book. Todd G. Buchholz The Wall Street Journal The Coming Generational Storm lays out the problems in understandable language and compelling detail. The Washington Post...Kotlikoff and Burns proffer plenty of evidence to back up their claims. Anne Wagner National JournalThe policy solutions of Kotlikoff and Burns are specific and ingenious... Michael Mandel Business WeekThis is a book any serious investor should absorb and act upon. Jonathan Chevreau National PostThis is a sobering look at an impending crisis with implications for all of us. Recommended for all collections. Stacey Marien Library JournalThis may be the year's most important book. Essential. R. M. Whaples CHOICEAmos Tversky may have shown that basketball players do not have 'hot hands,' but he proved the opposite for psychologists. Tversky always made his basket, and in the process changed psychology, and also economics, forever.--George Akerlof, Koshland Professor of Economics, University of California, Berkeley, Nobel Laureate in Economic Sciences (2001)*The Coming Generational Storm* is one of the most important (and refreshingly irreverent) policy analyses of recent years. Laurence Kotlikoff and Scott Burns ask what will happen to our economy and way of life when the baby boomers meet the current Medicare and Social Security systems. Their answers, using the innovative techniques of 'generational accounting' developed by Kotlikoff and others, demonstrate how close we are to a genuine fiscal precipice and the hard landing that awaits us. For our current presidential aspirants, the authors also provide some provocative ideas for how to ameliorate the damage this storm will certainly leave in its wake.--Robert J. Shapiro, Managing Director and Founding Partner, Sonecon, LLC, Senior Fellow of the Brookings Institution and the Progressive Policy Institute, and former Under Secretary of Commerce for Economic AffairsPlease note: This is[6833] *The Coming Generational Storm* is one of the most important (and refreshingly irreverent) policy analyses of recent years. Laurence Kotlikoff and Scott Burns ask what will happen to our economy and way of life when the baby boomers meet the current Medicare and Social Security systems. Their answers, using the innovative techniques of 'generational accounting' developed by Kotlikoff and others, demonstrate how close we are to a genuine fiscal precipice and the hard landing that awaits us. For our current presidential aspirants, the authors also provide some provocative ideas for how to ameliorate the damage this storm will certainly leave in its wake. --Robert J. Shapiro, Managing Director and Founding Partner, Sonecon, LLC, Senior Fellow of the Brookings Institution and the Progressive Policy Institute, and former Under Secretary of Commerce for Economic Affairs Among academic experts, Larry Kotlikoff has earned the title 'Mr. Generational Accounting.' His unfuzzy arithmetic decisively rebuts the Bush tax cuts, which are based on the delusion that 5 - 4 = 6, not 1. Read and judge for yourself the specter of our future: too many retirees dependent on too few working-age people. Fiscal imprudence now mandates broken promises later. --Paul A. Samuelson, Institute Professor Emeritus, MIT, Nobel Laureate in Economic Sciences (1970) Kotlikoff has been one of the pioneers of the new economics of generational accounting. If anyone foresaw the deterioration of the U.S. government's fiscal health, he did. Now, with journalist Scott Burns, he has written a book that spells out, in crystal-clear layman's terms, the disturbing truth about the rising tide of red ink. --Niall Ferguson, Stern School of Business, New York University, and author of *Empire* and *The Cash Nexus* I lie awake nights worrying about the fiscal crisis described in *The Coming Generational Storm*. This is by far the single most important problem in US economic policy. Every American should read this fabulous book. --George Akerlof, Koshland Professor of Economics, University of California, Berkeley, Nobel Laureate in Economic Sciences (2001) *The Coming Generational Storm* is a well written summary of an impressive and important body of carefully documented research. The book demonstrates clearly the folly of existing tax and transfer policies in the face of the impending retirement of the baby boom generation. Anyone interested in the future economic viability of American society and the economic problems we are bequeathing to our children should read this study. --James J. Heckman, Henry Schultz Distinguished Service Professor of Economics, The University of Chicago, Nobel Laureate in Economic Sciences (2000) *The Coming Generational Storm* documents in frightening detail America's reckless fiscal trajectory as it barrels toward bankruptcy. The need to revamp Medicare and Social Security is urgent. This book is a must-read for anyone who cares about our nation's future. --Janet Yellen, Haas School of Business, University of California, Berkeley, Member, Federal Reserve Board (1994-1997), and Chair, Council of Economic Advisers (1997-1999) As someone who has written extensively on global aging and its profound implications, I was delighted to read *The Coming Generational Storm*. It is an extremely important and original contribution. --Peter G. Peterson, Chairman, The Blackstone Group, and author of *Gray Dawn: How the Coming Age Wave Will Transform America--And The World* Kotlikoff and Burns document and analyze the most serious issue facing the American government today: the looming intergenerational conflict created by its gross failure to develop a consistent plan to fund and manage entitlements for the elderly, the cost of which will explode when the baby boom generation retires. This book is essential reading for those concerned about their own future and their childrens'. --Daniel McFadden, Cox Professor
Shipping Weight: 2 pounds
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