Sunday , February 23 2025
Home / Mike Norman Economics / Laurence Kotlikoff – Holding U.S. Treasurys? Beware: Uncle Sam Can’t Account For $21 Trillion

Laurence Kotlikoff – Holding U.S. Treasurys? Beware: Uncle Sam Can’t Account For $21 Trillion

Summary:
The biggest welfare queen of them all.Dave Lindorff dug into the issue, recently publishing the article “Exclusive: The Pentagon’s Massive Accounting Fraud Exposed” in The Nation. Based on a series of interviews with current and former government officials, Lindorff concluded that Pentagon accounting is “phony”, composed of made up numbers designed to obfuscate and thus propelling “US military spending higher year after year”. Forbes  Laurence Kotlikoff - Holding U.S. Treasurys? Beware: Uncle Sam Can't Account For Trillion

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

New Economics Foundation writes Is the Labour government delivering on its promises?

John Quiggin writes Dispensing with the US-centric financial system

New Economics Foundation writes Whose growth is it anyway?

Matias Vernengo writes What is heterodox economics?

Laurence Kotlikoff - Holding U.S. Treasurys? Beware: Uncle Sam Can't Account For $21 Trillion

The biggest welfare queen of them all.

Dave Lindorff dug into the issue, recently publishing the article “Exclusive: The Pentagon’s Massive Accounting Fraud Exposed” in The Nation. Based on a series of interviews with current and former government officials, Lindorff concluded that Pentagon accounting is “phony”, composed of made up numbers designed to obfuscate and thus propelling “US military spending higher year after year”.

Forbes 

Laurence Kotlikoff - Holding U.S. Treasurys? Beware: Uncle Sam Can't Account For $21 Trillion 

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *