Economics Matters with Laurence Kotlikoff

Economics Matters
Economics Matters with Laurence Kotlikoff

Economics Matters is a podcast hosted by Professor Laurence Kotlikoff, one of the most influential economists in the world, a Global Economics Advisor, NY Times Best Selling Author, President of Economic Security Planning, Inc., and Director of the Fiscal Analysis Center. In each episode, Professor Kotlikoff talks to experts about the power of economics in our modern day society. From personal finance and fiscal policy, to social security and income inequality, Economics Matters delves into much of the economic challenges of modern society.

  1. Famed Personal Finance Journalist and Author, Jean Chatzky, Talks Women and Money

    JUL 3

    Famed Personal Finance Journalist and Author, Jean Chatzky, Talks Women and Money

    Jean Chatzky is one of America's leading personal finance journalists and authors. Jean and I are long-time buds. I'm delighted to have her on Economics Matters -- the Podcast.  Jean is in the midst of an extraordinary career. After graduating from the University of Pennsylvania with a B.A. in English, Jean did equity research for Dean Witter and then moved into financial journalism -- first with Working Woman, then Forbes, then Smart Money (as Senior Editor), then Money Magazine as well as Finance Editor and Reporter for NBC's The Today Show, and now AARP's Personal Financial Ambassador. (Go to AARP.org to read Jean's columns.)  As if this career, interspersed with appearances on Ophra, Live with Kelly and Regis, and the View and writing for Cosmopolitan, Parents, and Seventeen, weren't enough, Jean has authored 14 books on personal finance -- one better than the next. But, hold on. Jean's real claim to fame is hermoney.com. Jean launched HerMoney in 2018 -- a multimedia company changing the relationships women have with money — inspired by her weekly podcast, HerMoney with Jean Chatzky.Please view this special interview with Jean, particularly if you are a woman. Jean has been helping this half of our population with their special financial needs, skills, and advantages for years.  As the podcast makes clear, Jean Chatsky is one of our nation's most important financial resources. But so are financial journalists, in general. I've been honored to interview of Who's Who of these special financial coaches. The full list includes Scott Burns, Terry Savage, Allan Roth, Allison Schrager, Liz Weston, Phil Moeller, Paul Solman, Mary Beth Franklin, Kerry Pecter, Rob Berger, Robert Powell, Nancy Lloyd, John Mauldin, Kerry Hanon, and Richard Eisenberg. These 15 podcasts plus over 100 more are yours for the free hearing/viewing by clicking here.

    46 min
  2. Everything You Need to Know About Trusts With Alan Glassman

    JUN 12

    Everything You Need to Know About Trusts With Alan Glassman

    As Senator Ernst sweetly reminded us, we're all going to die. But not all of us will be prepared financially to die. Thinking about the afterlife is rather unpleasant for most of us. Yes, there's heaven to look forward to. But who knows if we'll make it. There's lots of religions, different from our own, that are convinced that we'll be rejected before we even apply. So, we put off planning for the end game and then put it off some more. Trouble is, game over can occur when you least expect or deserve it. And when you pass, you'll be passing on an estate, perhaps tiny, perhaps huge. But unless you do proper estate planning, what you leave may not go to the people you wish or in the form you wish.  The morbid moral here is that we all need to do estate planning and, indeed, do it on a routine basis as our finances change. There are a zillion estate attorneys out there to assist you. But it's critical to know the score before engaging anyone. This is why I invited Alan Gassman to talk about estate planning, particularly the value of trusts. Alan, as his bio copied below attests, is a big deal in the field of estate planning. He has a terrific estate, tax, and business law firm, has built outstanding software that handles all manner of estate issues, and is one of the most respected and acclaimed estate attorneys in the country. Do listen to this exciting -- yes, the end game is full of excitement -- discussion with Alan Gassman. He's a magnetic speaker and chock full of essential information and advice.

    56 min
  3. Jay Abolofia Demo's MaxiFi's New Powerful Tools For Estate Planning

    MAY 29

    Jay Abolofia Demo's MaxiFi's New Powerful Tools For Estate Planning

    Economics PhD, CFP, President of Lyon Financial Planning, Jay Abolofia shows you how to do estate planning using MaxiFi Planner's new spending cap and other unique features. If you're a MaxiFi Planner user, you already know and trust Jay. Jay provides bi-monthly MaxiFi office hours and uses MaxiFi in his own financial planning practice. Jay also provides a terrific co-piloting service for MaxiFi users who like to have a true expert review their use of the tool. Jay is one of the best teachers I've yet encountered and I've met thousands. This podcast is typical of his ability to convey important information in clear, concise, and actionable terms. Please listen/watch Jay and I discuss MaxiFi's new estate planning capacities. This discussion is NOT about trust, wills, probate, living wills, powers of attorney, or any of other legal estate issues. Nor are we focused on reducing federal or state estate taxes. This podcast is about what we all do -- rich or poor, namely plan, either explicitly or by default, to leave assets to our heirs. Whether you have a billion dollars or are living on the margin, you have assets, be it just a house, a car, or furniture that you'll be passing on if you pass. MaxiFi shows you your contingent estates -- what you'll bequeath depending on when you die. Many MaxiFi users have significant means -- so many resources that they aren't able or interested in spending everything they spend on a safe basis. MaxiFi's new spending limit lets them tell the program not to spend beyond what they wish in any future year. By setting the spending cap or using other features in the tool that Jay describes, well-off and, indeed, all users can see the trade off between spending more on themselves and leaving more for their heirs.

    54 min
  4. Larry Leamer on Andy Warhol's Coterie of Female Victims and Whether America's Top-Selling Artist's Work Is Worth their Canvases

    MAY 22

    Larry Leamer on Andy Warhol's Coterie of Female Victims and Whether America's Top-Selling Artist's Work Is Worth their Canvases

    I've known Larry Leamer forever thanks to my close friendship with Larry's recently departed, economist extraordinaire, brother -- Edward Leamer. Ed wasn't bowled over by any economist. But he was in awe of Larry, years before Larry became one of our nation's leading biographers. Much of Larry's work focuses on the rich and scandalous. Warhol's Muses certainty meets that bill. The book, which is fresh off the press, is Larry's umpteenth. The list includes Capote’s Women, Madness Under the Royal Palms, Mar-A-Lago -- Inside the Gates of Power, The Kennedy Women, King of the Night -- the Life of Johnny Carson, and, well, here's the now-outdated Wiki list. I copy below Penguin-Random House's careful description of the book. But, as you'll hear in the podcast, Larry raises a darker question than whether Warhol was a deeply evil person. He questions whether the art world fell for the NFT-artist of the day, specifically whether Warhol's oeuvre, including the $195 million The Blue Shot Marilyn, constitutes works of art or the art of self-perpetuating, financial fabrication.     From the jacket of Warhol's Muses by Laurence Leamer   “Now and then, someone would accuse me of being evil,” Andy Warhol confessed, “of letting people destroy themselves while I watched, just so I could film them.” Obsessed with celebrity, the silver-wigged artistic icon created an ever-evolving entourage of stunning women he dubbed his “Superstars”—Baby Jane Holzer, Edie Sedgwick, Nico, Ultra Violet, Viva, Brigid Berlin, Ingrid Superstar, International Velvet, Mary Woronov, and Candy Darling. He gave several of them new names and manipulated their beauty and talent for his art and social status with no regard for their safety, their dignity, or their lives.    In Warhol’s Muses, bestselling biographer Laurence Leamer shines a spotlight on the complex women who inspired and starred in Warhol’s legendary underground films—The Chelsea Girls, The Nude Restaurant, and Blue Movie, among others. Drawn by the siren call of Manhattan life in the sixties, they each left their protected enclaves and ventured to a new world, Warhol’s famed Factory, having no sense that they would never be able to return to their old homes and familiar ways again. Sex was casual, drugs were ubiquitous, parties were wild, and to Warhol, everyone was transient, temporary, and replaceable. It was a dangerous game he played with the women around him, and on a warm June day in 1968, someone entered the Factory and shot him, changing his life forever.   Warhol’s Muses explores the lives of ten endlessly intriguing women, transports us to a turbulent and transformative era, and uncovers the life and work of one of the most legendary artists of all time."

    58 min
  5. Brilliant, Renowned Investor, Fred Lane, Discusses Hedging and Avoiding Trump Tariff Mayhem in your Portfolio

    MAY 15

    Brilliant, Renowned Investor, Fred Lane, Discusses Hedging and Avoiding Trump Tariff Mayhem in your Portfolio

    This is Fred's third appearance on Economics Matters -- the Podcast. I wanted to get Fred back on asap as part of my ongoing quest to keep people financially safe. Fred is the Founder and Managing Member of Lane Generational LLC, an independent registered investment advisor headquartered in Boston (www.lanegenerational.com). Lane Generational provides investment management services on a discretionary basis to individuals, families, trusts, foundations and institutions. Full disclosure. My wife and I are investors in Fred's fund. But I have no financial relationship of any kind with Fred. I'm not a financial advisor and am certainly not recommending any investments of any kind, including Fred's. This is an educational podcast. For investment advice, please consult with an investment professional. The market is down roughly 4 percent since President Trump took office on January 20th. But since then, it's experienced dramatic volatility with the "fear index" - the VIX -- rising, apart from COVID, to its highest value since the Great Recession. This week the Dow rose 1000 points in one day on the "good" news that rather than tariffing China at embargo-level rates, we've "paused" them at 30 percent. This means Mattel will be able to keep selling Barbie dolls, which are made in China, albeit at a far higher price. To be clear, a 30 percent tariff is astronomical. Even  Google's AI gets this right. Yes, a 30 percent tariff can be considered astronomical, especially when compared to average global tariff rates and historical tariffs. Thus, most Americans with children will now be able to afford, say, 15 Barbies rather than the usual 30. That means Mattel will lay off perhaps a quarter rather than all of its salesforce. In short, we're not out of the dark. We're out of the pitch black. The U.S. market is partially benefiting from the potential lack of competition. But who knows where it will go once investors wake up and realize that, from a tariff perspective, it's likely the Great Depression all over again. How should anyone invest in this climate? That's the key question I asked Fred who is one of the most informed and savvy investors around. Don't take it from me. Take it from CNBC and other major media outlets who routinely invite Fred to comment on markets, the economy, and policy. Here's a brief bio.  Fred has over 40 years of investment and corporate finance experience, as a portfolio manager, a private equity investor and an investment banker. Fred's clients have included Staples (where he was a founding investor); Advanced Micro Devices; Forest Laboratories; ULTA Beauty; Tractor Supply; Berlitz International; Rexnord; Fairchild Industries; Plantronics; and numerous others. Fred is also a highly experienced private equity investor, having invested in more than 80 private companies. Fred received his A.B, cum laude from Harvard College and his MBA with Distinction from Harvard Business School.Prior to founding Lane Generational in September 2020, Fred was Senior Vice President, Investments at Raymond James & Associates, Inc. from October 2014 to September 2020 and also served as Vice Chairman, Investment Banking from May 2009 to October 2014. Fred was Chairman, CEO and Founder of the investment banking firm Lane, Berry & Co. International, LLC (which was acquired by Raymond James in May 2009) from January 2002 through January 2013. Prior to that, Fred was a Managing Director and Principal of Donaldson, Lufkin & Jenrette Securities Corporation (DLJ). Fred joined DLJ in 1976 and was instrumental in the growth of DLJ's investment banking business. He also served as Co-Head of the Mergers and Acquisitions Department at DLJ and as Managing Director – Senior Advisor of Credit Suisse First Boston upon CSFB's acquisition of DLJ in 2000.

    1h 20m

Ratings & Reviews

4.6
out of 5
11 Ratings

About

Economics Matters is a podcast hosted by Professor Laurence Kotlikoff, one of the most influential economists in the world, a Global Economics Advisor, NY Times Best Selling Author, President of Economic Security Planning, Inc., and Director of the Fiscal Analysis Center. In each episode, Professor Kotlikoff talks to experts about the power of economics in our modern day society. From personal finance and fiscal policy, to social security and income inequality, Economics Matters delves into much of the economic challenges of modern society.

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