[lbo-talk] Bush Buries Treasury Dept.Tax Report

Doug Henwood dhenwood at panix.com
Sun Jun 1 09:29:37 PDT 2003


Max B. Sawicky wrote:


>This study and generational accounts are ca-ca. Just another way
>of saying the sky is falling because of Social Security, Medicare,
>and deficits.

Anyone looked at this study? As I recall, Kotlikoff & Gokhale play some ridiculous statistical games, like assuming a long-term risk-free real interest rate of 6% to make the numbers look horrifyingly large.

Doug



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