Economics Matters with Laurence Kotlikoff Economics Matters

Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff.



Professor Kotlikoff talks with Adam Pener, a serial entrepreneur and visionary in medical device innovation. Adam's work spans multiple industries, including advanced security and emission reduction technologies. His latest groundbreaking project, Mask Zero, is set to revolutionize pandemic preparedness with the development of a cutting-edge, FDA-compliant mask that integrates UV light technology to neutralize pathogens. With patents already secured and significant advancements in both technology and regulatory approval, Adam's insights provide a rare glimpse into the high-stakes world of medical device innovation.



Topics Covered:


Navigating the FDA Approval Process
Strategic Hiring and Expertise Utilization
Market Potential and Execution
Future Plans and Technological Enhancements



Time Stamps:


00:00 Larry Kotlikoff and Adam Penner discuss entrepreneurship.


05:46 Serial entrepreneur focuses on revolutionary green technology.


07:33 Working with government consulting, not officially within government.


12:13 UVC technology adapted for wearable PPE device.


15:50 Lightweight, comfortable seal for extended wear.


16:48 UVC lights kill virus, create air purification.


20:55 UVC testing successful, company progressing in 2023.


25:21 Navigating FDA process without long-term connections.


26:35 Finding confidence and success in anxious adventure.


31:14 $30,000 decision led to FDA recognition.


33:01 High praise for Tasha's leadership and trust.


39:02 Series A funding plan for technology company.


41:14 Plan to produce and market medical technology.


45:44 Roger predicts easier and cheaper viral attack.


46:53 Lessons in entrepreneurship and making connections matter.



In this episode, you will gain valuable insights into the intricate process of bringing an innovative medical device to market, the importance of strategic expertise in overcoming regulatory hurdles, and the vision required to execute and capitalize on market opportunities. Adam Penner's journey underscores the transformative potential of focused innovation backed by determined execution.

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Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.

Follow Professor Kotlikoff:

Facebook: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠kotlikoff⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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Substack: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://larrykotlikoff.substack.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Books: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://kotlikoff.net/books/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Company: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠

Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff.



Professor Laurence Kotlikoff welcomes Glenn Loury, a distinguished economist and public intellectual renowned for his insightful analyses on racial inequality, affirmative action, and social policy. Hailing from a humble background on the south side of Chicago, Loury made his mark in academia with his groundbreaking works and frank discussions on contentious issues. He became the first black tenured professor of economics at Harvard at the age of 33, authoring several influential papers and books that debate and dissect the societal underpinnings of race and economic disparities.



Topics Covered:


Inequality and Social Dynamics
Affirmative Action and Its Consequences
Personal Journey and Intellectual Evolution
Reassessing Racial Policies



Time Stamps:

00:00 Economist's memoir reflects on evolving beliefs.



09:49 Thick autobiography emphasizes telling the full truth.




13:44 Self-disclosure paradoxically enhances my credibility as narrator.
20:33 Mentor advised against eating with the economists.
23:48 Exciting era of theoretical bargaining paper discoveries.
28:28 Importance of self-doubt and academic anxiety.
32:24 Falsely accused assault leads to reputation damage.
37:29 Impressive academic achievements and potential Nobel Prize.
46:54 Discrimination affects worker performance and hiring standards.
50:33 Transformation from conservative to liberal, influential experiences.
55:36 Systemic issues in communities; civil rights concern.
01:00:29 Discovered neoconservatism, shifted from liberals to conservatives.
01:08:19 Stimulated by growing incarceration, advocate for racial equality.
01:14:02 Disagreement with D'Souza's work, critique of Bell Curve.
01:17:49 Lowry's views evolve, offering hope and connection.



This episode not only explores pivotal economic theories and social policies but also humanizes the often abstract debates through Loury’s personal and professional experiences. You will gain a deeper understanding of the economic mechanisms underlying societal inequalities and the real-world implications of policies intended to mitigate these disparities.



____________________________________________________



Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.



Follow Professor Kotlikoff:

Facebook: kotlikoff

Twitter: @kotlikoff

LinkedIn: laurencekotlikoff

Substack: https://larrykotlikoff.substack.com/

Books: https://kotlikoff.net/books/

Company: https://maxifiplanner.com/

Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff.



Professor Kotlikoff invites Mary Beth Franklin, a seasoned personal finance journalist, and a certified financial planner, recognized for her profound insights into Social Security, tax legislation, and retirement planning. With over four decades of experience, Mary Beth brings a wealth of knowledge from her work with leading publications such as United Press International and Investment News. Her expertise makes her a trusted authority in navigating the complexities of retirement and Social Security strategies.



Topics Covered:


Maximizing Social Security Benefits
Challenges of the Modern Retirement System
The Sustainability of Social Security



Timestamps:


06:56 Mary Beth transitioned from government to journalism, specialized in finance.
12:50 Period of typing stories, changing jobs wisely.
20:12 Many people don't participate in retirement planning.
25:38 IRA vs 401K, pensions impact retirement satisfaction.
28:06 IBM led shift from defined to contribution plans.
34:50 Changes in 1983 led to current income imbalance.
40:33 Reforming retirement age and Social Security system.
43:58 Social Security reserves depleted by 2034. Political crisis.
48:38 Fewer babies, changing workforce demand political action.
54:11 Work in retirement is financially beneficial option.
01:03:03 Delay Social Security, maximize benefits for couples.



This episode will give you a deeper understanding of how to secure your financial future, learn strategic approaches to retirement planning, and discover the critical adjustments needed within national policies to support lasting social security benefits.

____________________________________________________

Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.

Follow Professor Kotlikoff:

Facebook: kotlikoff

Twitter: @kotlikoff

LinkedIn: laurencekotlikoff

Substack: https://larrykotlikoff.substack.com/

Books: https://kotlikoff.net/books/

Company: https://maxifiplanner.com/

Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff.



Professor Kotlikoff discusses pivotal aspects of social security and retirement planning with acclaimed expert Arun Muralidhar and former Maryland lieutenant governor Kathleen Townsend. Bringing an unparalleled wealth of knowledge and first-hand experience, Arun Muralidhar has an impressive background as a prominent figure in pension fund management, having steered the World Bank’s pension fund in the mid-90s. As a vocal advocate for retirement reform, Muralidhar brings critical insights drawn from his extensive work in global pension solutions. Kathleen Townsend, Maryland’s first female lieutenant governor and a long-standing advocate for retirement reform, shares her passionate views on policy changes necessary to support social security systems effectively.



Topics Covered:


Investment Approaches for Social Security
Taxation and Social Security
Personal Security Accounts
Global Pension Reforms and Innovations



Time Stamps:


00:00 Baby boomers face retirement financing and longevity.
05:55 Retirement blamed on individuals, not the system.
09:46 Managed World Bank's pension, advocated for reform.
13:27 Critique of Social Security and fiscal policy.
15:47 Discovering Social Security tax cap on income.
19:21 Post-war redistribution favors current generations, prompting inequality.
21:15 Address loopholes, promote incentives, coordinate fiscal programs.
26:48 Myra, retirement, bonds, Franco, steady consumption, continuity.
28:03 Brazil government issues bond in dollar terms. App calculates bonds needed for retirement.
33:46 Proposing long-term bonds for government's financial benefits.
36:44 Concerns about money going into infrastructure misuse.
39:44 Founded center to promote state-run retirement plans.
43:46 Promoting selfies for state-level treasuries and infrastructure.
46:07 Social Security's solvency viewed as major concern.
50:06 Issue with funding, twice as big problem.
53:54 Address poverty with major reforms and equity.
55:49 Global investment collectively secured for retirement pensions.



This discussion is not just an economic debate; it's about real-world impacts on everyday lives, aimed at providing listeners with a comprehensive understanding of potential reforms and their implications. Understanding these could shape your financial future and societal stance on aging and retirement.

____________________________________________________

Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.

Follow Professor Kotlikoff:

Facebook: kotlikoff

Twitter: @kotlikoff

LinkedIn: laurencekotlikoff

Substack: https://larrykotlikoff.substack.com/

Books: https://kotlikoff.net/books/

Company: https://maxifiplanner.com/

Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff.



Professor Kotlikoff welcomes Sophie Cranin to discuss the bustling dynamics of the restaurant business. Sophie, with a robust background that spans public health, linguistics, and retail management, shifted gears to immerse herself fully in the restaurant industry, working with some of the leading figures like Garrett Harker. Her diverse experiences and the insight gained from managing various aspects of the restaurant scene make her a voice of authority in this field.

Topics Covered:


Economics of Restaurant Management
Challenges in Modern Dining
Customer Experience and Retention



Time Stamps:


00:00 Barbara has diverse restaurants, works with eastern Standard.
05:05 Struggling to find a career path.
12:39 Kenmore Square evolving into Fenway center; development and potential.
16:00 Passion for human resources leads to opportunity.
17:12 Seize opportunities, exceed expectations, create new paths.
22:37 Social spaces are crucial for community after COVID.
25:54 Financing depends on project scope and size.
30:09 Balancing costs and profits in restaurant industry.
33:48 Adjustments and feedback are crucial for success.
37:11 Tourists often support bad restaurants, consumer choice matters.
39:16 Restaurants use friends and family for feedback.
41:59 Restaurants need consistency in executing creative dishes.
44:31 Add salt gradually during cooking, not all at once.
49:05 Visual presentation enhances perceived value in dining.
53:21 Food delivery services have pros and cons.
54:37 Versatile individual excels in multiple fields.

This conversation will equip you with a deeper understanding of what it takes to thrive in the competitive restaurant industry and the nuanced economic decisions behind seemingly simple dining experiences. Whether you are a budding restaurateur, a seasoned foodie, or just curious about the economics of eating out, this episode delivers valuable insights into the art and science of hospitality.

____________________________________________________

Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.

Follow Professor Kotlikoff:

Facebook: kotlikoff

Twitter: @kotlikoff

LinkedIn: laurencekotlikoff

Substack: https://larrykotlikoff.substack.com/

Books: https://kotlikoff.net/books/

Company: https://maxifiplanner.com/

Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff.



Professor Kotlikoff speaks with Jerry Bergosh, an established authority in the field of geology with a rich background in mining and geological analysis. After working with various companies, Jerry founded his own geological analysis lab. In his career, he shifted from corporate geology to entrepreneurial ventures, which notably includes creating a thriving business that manufactured dustless sand, capitalizing on his geological expertise and turning an initial setback into a success.

With years of hands-on experience and his return to mining prospecting, Jerry's journey offers invaluable insights into the practical and economic challenges of the mining industry.



Discussion Topics:


Investment in Tangible Assets
Entrepreneurship in Niche Markets
Mining and the Economy
Risk Management and Financial Decisions




00:00 Discussing various segments of the economy in podcasts.
03:26 Jerry worked in Nevada, then started his lab.
07:45 Utah: "treasure house of the nation", natural resources.
10:41 Two types of gold deposits and miners.
14:08 Mining claims easier on private or state land.
18:05 File mining claim within 90 days.
20:18 Small-scale gold mining is akin to hobby.
25:16 Gold and bitcoin have value as stores.
29:35 Dustless sand wins award at Kids Fair.
32:25 Research discovers need for dustless sand in schools.
36:35 Rise of competition in beach sand business.
38:50 Work tailored to western US weather, logistics.
43:20 Geology business demands risk; cautious with finances.
46:47 The impact of automation on jobs and economy.
49:04 Laptop replaces big computer, programmers less needed.



This episode gives a rich understanding of the real-world implications of geology and mining on the economy, as well as practical wisdom on investment, business development, and economic self-sufficiency.

____________________________________________________

Laurence Kotlikoff is a Boston University Economist, a NY Times Best Selling Author, President of maxifi.com, and Author of Money Magic.

Follow Professor Kotlikoff:

Facebook: kotlikoff

Twitter: @kotlikoff

LinkedIn: laurencekotlikoff

Substack: https://larrykotlikoff.substack.com/

Books: https://kotlikoff.net/books/

Company: https://maxifiplanner.com/