Laurence Kotlikoff Tries To Screw His Country Again ... On Behalf Of Whomever's Paying Him. The NY Times Jumps Onboard As Willing Accomplice

   (Commentary posted by Roger Erickson)




Add Laurence Kotlikoff to that list of identified traitors to the USA.

"HOUSEHOLDS can’t spend, on a continuing basis, more than they earn. Countries can’t either, at least not over the long run."

Kotlikoff is spewing words that fail the most fundamental rule of discourse: Define your terms - or accept nonsensical semantics masquerading as discourse. Was Kotlikoff raised on Erble Logic?

Just restate his statements accurately, in the following way.

"CURRENCY USERS can’t spend, on a continuing basis, more than the currency they earn.

CURRENCY ISSUERS can, obviously, since they create, on-demand, the currency that their users need, to denominate existing transactions - no matter how fast they increase."

See? That wasn't so hard.

Kotlikoff is inventing a fiat mountain out of fiat nonsense, by misusing the semantics. Why? He should go into the magicians business, where it actually pays to distract and fool audiences. That strategy does NOT benefit a democracy.

How do YOU spell "Benedict Arnold?"

Few, if any, perform this kind of treason without a willing sponsor. Does anyone know who is paying Kotlikoff to spew such nonsense? Neither Marriner Eccles nor Beardsley Ruml would approve. Not even Benjamin Franklin. 

Who ya gonna believe? People that SERVED their country? Or those who undermine it, for personal gain?