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The Glenn Show

Larry Kotlikoff – Can the US Survive Tariff Turmoil?

The Glenn Show

Glenn Loury

Politics, Society & Culture, News

4.82.3K Ratings

🗓️ 11 April 2025

⏱️ 64 minutes

🧾️ Download transcript

Summary

Support The Glenn Show at http://glennloury.substack.com

VIdeo Links

0:00 Intro

0:45 Why Trump’s tariffs alarm economists

8:18 Are the tariffs designed to offset Trump’s tax cuts?

11:30 Larry’s break with Senator Ron Johnson

14:16 Larry: We’re not in a trade war with other countries, we’re in a trade war with other people

22:44 Is Trump under the sway of a foreign power?

28:45 What measures should investors take to protect themselves from tariff-generated market volatility?

35:46 The possible silver lining in the economy under tariffs

41:32 The hypothetical third-party billionaire who could defeat Trump

44:46 The social security Ponzi scheme

54:50 Larry’s plan for fixing social security

57:29 Are other aging nations facing the same social security crisis as the US?

1:02:23 The failure of checks and balances

Recorded April 4, 2025

Links and Readings

Larry’s Substack

Larry’s company, Economic Security Planning

The MaxiFi Planner

TIPs Ladder

Rajiv Sethi’s Substack, Imperfect Information

Larry’s book, You’re Hired: A Trump Playbook for Fixing America’s Economy



This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit glennloury.substack.com/subscribe

Transcript

Click on a timestamp to play from that location

0:00.0

Please consider becoming a paid subscriber to the Glenn Show at glenlawry.substack.com.

0:06.6

As a subscriber, you will receive new episodes on Mondays instead of Fridays and get access to ticket pre-sales to live events, monthly Q&As with Glenn Laurie and John McWhorter, exclusive content, and other benefits. Thank you.

0:23.4

Hello, everybody. This is Glenn Laurie. You are watching and or listening to The Glenn Show.

0:29.4

I'm a professor of economics at Brown University, and I am in charge of glenlaury.substack.com, where you are welcome to subscribe and to be the beneficiary of the services that we provide there.

0:45.1

And my guest for the Glenn Show this week is Lawrence Kotlakov.

0:49.7

Larry is an old friend.

0:52.2

He's an economist, professor at Boston University,

0:56.8

and an entrepreneur, CEO of economic security planning,

1:01.1

which provides useful services through individuals

1:05.0

and families trying to plan their financial future.

1:09.6

He's a prolific author.

1:15.2

He is the proprietor of economic matters,

1:21.8

both the podcast and the newsletter at Substack. And I don't know how you get it all done, Larry. I mean, you produce five or six posts every week.

1:31.2

The financial riddler is a fun thing that you do,

1:36.3

that you seem to come up with questions for people that I don't know, you know,

1:40.8

where you find the energy and the resourcefulness to do it.

1:46.2

But anyway, Larry is my guest, and we're talking economics, economist to economist.

1:50.7

Larry knows a lot more about finance than I do, so I'm going to let him do most of the talking.

1:57.2

But welcome, Larry. It's a great pleasure to be back, Glenn. I love to come on the Glenn show. We have an old friendship, and you you're brilliant guy to talk to, so it's just a

2:04.4

deep honor. So thank you. Larry, what's going on? What the hell is going on to put it in Trumpian terms?

2:11.5

What the hell is going on with the terrorists? All of my economists' friends are of one opinion, and I'm sure that you share it,

2:20.7

which is that this is a frigging disaster.

...

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