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Economics Matters with Laurence Kotlikoff

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May 7, 2024 • 1h 10min

Retirement Readiness: Mary Beth Franklin on Social Security Benefits & Planning

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/
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May 3, 2024 • 1h 4min

Social Security on the Brink: Debating Solutions with Arun Muralidhar and Kathleen Townsend

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/
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Apr 26, 2024 • 59min

Serving Up Success: Economic Strategies for Restaurateurs with Sophie Cranin

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/
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Apr 24, 2024 • 55min

Jerry Bergosh on the Real Gold Rush: Investments Beyond Bitcoin

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/
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Apr 17, 2024 • 55min

Adam Guren on Navigating Today's Mortgage and Housing Challenges

Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff. Professor Kotlikoff chats with renowned economist Adam Guren, a distinguished expert on macroeconomics with a focus on housing and mortgage markets. He brings a wealth of knowledge from his time as a faculty member at one of America's leading universities. His research delves deep into the intersections of housing, personal finance, and macroeconomic policy. Topics Covered: Housing Market Dynamics Construction Cost Crisis Financial Crisis Retrospective and Future Policies Affordable Housing Strategies The value of this discussion lies in its ability to dissect and clarify the complex engine that drives housing markets, while also offering grounded, forward-looking perspectives that house hunters, investors, and policymakers will find indispensable. Time Stamps: 00:00 Discussion on housing and mortgages in economics. 05:03 Unusual housing market driven by low inventory. 08:15 Housing construction challenges persist despite labor shortage. 11:10 Housing cycle shifts, prices decrease in Iowa. 13:04 Builder prefers rentals over condos, avoids conflict. 17:00 Studying building approvals and property tax abatement. 21:29 Increased supply needed, gradual process ahead. Zoning reform. 25:38 High office building vacancies may trigger financial crisis. 28:18 Sacrifice space for better job opportunities, investment. 33:17 Rising mortgage rates make current period painful. 34:21 Prepayments on mortgage-backed securities fell unexpectedly. 39:57 Financial Crisis Inquiry Commission report reveals causes. 42:12 Credit expansion broad, not just subprime growth. 47:13 Discussion of multiple equilibria in financial crisis. 50:10 Stock market vs real estate wealth impact. 53:31 Research improves understanding of mortgage modification. This conversation offers valuable insights as the discussion navigates through the intricacies of today's housing challenges ____________________________________________________ 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/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠
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Apr 16, 2024 • 1h 16min

Dissecting Income Inequality with Senator Phil Grahamm

Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff. Professot Kotlikoff invites guest Phil Gramm, a seasoned figure in the world of economic policy and political influence. Phil Gramm's storied career is defined by his tenure as a U.S. Senator from Texas, chairmanship of the Senate Banking Committee, and his profound insights on taxation and welfare policies—credentials that undeniably assert him as a voice of authority. With his notable academic background in economics and public service experience, Gramm brings a wealth of knowledge to today's pressing fiscal discussions. Topics Discussed: Marginal Taxation: Measuring Inequality The Impact of Transfer Payments Perspectives on Economic Reforms Time Stamps: 00:00 Background, career, Congress, and more. 08:01 Served in Senate, quit while ahead. Inflation. 11:50 Discussion on inequality, poverty and economic measurements. 17:22 Census underestimates income inequality, poverty rate low. 25:06 Wealth inequality argument refuted based on perspective. 28:40 Comparing wealth and spending among 40 year olds 35:10 Bottom 60% of earners have similar income. 40:15 Reform taxation with progressive consumption tax, benefits. 46:33 Poverty traps: Improve language, promote progress, incentives. 55:37 Ukraine-EU, NATO, Russia peace with mediation. 56:42 Need peace agreement with Russia; China's growth. 01:06:39 Election lost in white suburbs due to behavior. 01:10:28 Presidency is demanding; knowing when to quit. For anyone interested in the complexities of economic policies and their implications on both domestic and global scales, this conversation between two leading economic thinkers will offer invaluable perspectives. You'll leave the episode with a deeper appreciation for the interplay of taxation, welfare, and work incentives, and a clearer sense of the challenges and potential pathways to achieving economic equity. ____________________________________________________ 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/
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Apr 11, 2024 • 60min

Legacy Admissions and Upward Mobility: Insights with John Friedman

Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff. Professor Kotlikoff sits down with John Friedman, a towering figure in the world of economics. As a distinguished economist at Brown University, co-director of Opportunity Insights, and an influential researcher frequently cited for his insights on inequality and education policy, John's pedigree is unmatched when it comes to discussing the barriers faced by disadvantaged youths. A celebrated thought leader, Friedman has shone a light on the pressing issues within America's education system, making him the perfect authority to delve into the complicated web of admissions policies and economic mobility. Topics Covered: The unsettling realities of legacy admissions at elite schools and their preferential treatment toward students from high-income families Innovative educational methods The lingering impacts of the pandemic on education A nuanced discourse on the thorny issue of race and education You will gain a comprehensive understanding of the education landscape, the factors driving inequality, and the potential solutions that could promote upward mobility. Timestamps: 05:53 Elite universities may limit leadership potential diversity. 07:43 Income disparities impact access to educational institutions. 11:15 Legacy boost benefits high-income families more. 16:31 Universities should fight inequality, improve admissions policies. 20:27 Legacy preferences perpetuate socioeconomic inequality in universities. 23:51 Supreme Court justices from Ivy League schools. 26:10 Attending elite schools leads to major benefits. 28:52 Focusing on top earners and school selection. 33:37 Individual circumstances, not just demographic checkboxes matter. 37:25 Schools balance academics and student diversity goals. 40:43 Race-based opportunity disparities faced by children. 43:00 Dictator for a year can change education. 46:50 Invest in recurring education improvements to address disparities. 52:07 Importance of technology and in-person schooling. 54:01 Schools adapted to support student needs through pandemic. ____________________________________________________ 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/
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Apr 5, 2024 • 52min

Kerry Pechter on Mastering Retirement Planning During Political Shifts

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 Kerry Pechter, a seasoned journalist and the pioneering founder and editor of Retirement Income Journal. Kerry's profound knowledge and keen insights into the global retirement industry have established him as a leading authority. His journalistic journey, which includes notable tenures at Vanguard and as an Annuity Market News senior editor, has uniquely positioned him to dissect and predict trends in retirement planning. During this eye-opening discussion, Kerry lends his expertise on a variety of topics that are critical for anyone thinking about their financial future. Topics: The Impact of Elections on Retirement Planning Personal Responsibility in Retirement Readiness The Complex World of Annuities The Ethical Obligations of Financial Advisors Time Stamps: 00:00 Favorable experience attending small liberal arts school. 08:34 Leveraging opportunities for career success and retirement. 14:41 Lack of data on couples’ savings for retirement. 19:51 Various types of annuities and salespeople explained. 27:58 Contentious argument with dol threatens livelihood, forces change. 32:08 Client questions insurance agent's honesty and obligations. 34:59 Financial advisor selling opaque investment products, lacking transparency. 45:40 Nicholas Barr on retirement systems and challenges. 48:01 Propose new fully funded, Wall Street-free system. 53:18 Plan ahead, save, and understand finances. The conversation provides invaluable counsel for listeners seeking to navigate the often complex realm of retirement planning. Pechter's global perspective and Kotlikoff's economic expertise combine to offer a masterclass on the subject, making this an episode not to be missed. ____________________________________________________ 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/⁠⁠⁠
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Apr 2, 2024 • 60min

Is China an Economic Threat? Unpacking Trade Realities with Uri Dadush

Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff. Professor Kotlikoff sits down with the highly esteemed Uri Dadush, a luminary in the field of international economics. Uri Dadush's credentials are remarkable, having served as a senior fellow at the Policy Center for the New South and at the OCP Foundation, both in Morocco. His rich professional tapestry includes illustrious tenures at the World Bank, where he directed international trade, and at the Economist Intelligence Unit. He is also an insightful writer and an influential thinker with a myriad of articles and books on international economic topics to his credit. Topics Covered: The future dynamics of China's economy China and Taiwan Trade shifting sands and the global order The evolution of international trade Time Stamps: 00:00 Global trade and alliances. 08:18 US imposes tariffs, blames China for issues. 12:04 US trading system, internal tensions, WTO rules. 16:07 Tariffs between U.S. and China: political theater? 16:50 China's threat exaggerated, economy more stable. 23:34 International infrastructure investment efforts slowed due to constraints. 26:44 Africa's progress in economic growth and investment. 30:02 Europe population declining, Africa making progress slowly. 33:04 Global trade shifts causing geopolitical tensions and suspicions. 37:08 Potential for China-US conflict over Ukraine, Taiwan. 40:17 US recognizes Taiwan, sensitive issue, possibility. 43:33 China's economic future, global impact, and strategy. 46:54 President Xi supports voluntary agreement on Taiwan. 52:02 China rapidly expanding navy, developing hypersonic missiles. 54:13 Imagining crazy leader in Chinese hierarchy scenario. The value in this discussion is immeasurable. You will gain a deeper understanding of the multifaceted economic relationships that are shaping our global future. Dadush's insights provide a prism through which we can appreciate the various economic forecasts and policy options that could guide international strategies in the years ahead. ____________________________________________________ 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/⁠⁠⁠
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Mar 28, 2024 • 1h

Harris Goldberg: The Intersection of Art and Economics in Film

Take the guesswork out of financial decisions at every stage of life with Maxifi: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://maxifiplanner.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Designed by Economist Laurence Kotlikoff. Professor Kotlikoff sits down with the multifaceted Harris Goldberg, a seasoned figure in the film and television industry, whose credits extend from screenwriting and directing to teaching the next generation of creatives at esteemed institutions such as UCLA and McMaster University. You may recognize his work as producer for Deuce Bigelow, Happy Gilmore, Without a Paddle and many others. Harris's extensive career, boasting an impressive portfolio that includes a multi-picture deal with Disney and collaborations with notable names in comedy, positions him as an undeniable authority in content creation and entertainment economics. Throughout the conversation, Harris shares invaluable insights that bridge the gap between economic theories and the arts. Talking Points: The Evolution of the Film Industry Financial Realities and Creative Challenges Personal Finance and Career Longevity This is a rare opportunity to understand the complexities of an industry often shrouded in glamour, through the lens of economics. Whether you're an aspiring artist, a film enthusiast, or an economics student, this is a dialogue that illuminates the intricate dance between creativity and cost, passion and profit, dreams, and reality. Time Stamps: 00:00 Exploring economics and success in film industry. 07:17 Starting a business requires passion and perseverance. 12:42 Movies made money through theaters, international sales, DVDs. 19:08 In the past, pitching ideas landed writing jobs. 25:48 Studios often struggle to predict success. 29:02 Navigating Hollywood's competitive talent pool for projects. 36:06 Most movies don't stand out, except few. 37:58 Unlikely start as writer, trip to LA. 44:29 Early years were spent pleasing others as writer. 50:12 Friend from Goldman called about tax issue. 55:55 We said, comedic deliverance, big movie idea. 01:00:33 Passion drives creativity ____________________________________________________ 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/⁠⁠⁠

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