Critique of Financial Planning Practices

Peter Coy has been writing about economics for decades -- for the Associated Press, BusinessWeek, Bloomberg, and the New York Times. Peter is currently a freelance columnist. His terrific substack is petercoy.substack.com.

I consider Peter our nation's top economics journalist. Unlike almost all other economics commentators, Peter does his homework. He reads academic economists' writings extensively. He reads them carefully, no matter how opaque, theoretical, or deep in the statistical weeds. And he immediately and fully comprehends their arguments, which is no small feat, even for a well-trained, top, PhD, let alone a BA in history (from Cornell). 

Peter was my guest on Economics Matters in February 2024. Here's the interview.

In today's podcast, we switched sides. Peter interview me -- about retirement mistakes, economics versus conventional (aka Wall Street's) financial planning, Social Security's Ponzi-scheme method of finance, how to fix Social Security for good, and our nation's overall fiscal insolvency, in which Social Security plays a major part.