“Entitlement programs have worsened the problems they were designed to solve and are now giving out massive subsidies to the non-poor.
Economist Lawrence Kotlikoff has estimated that the present value of the “fiscal gap,” i.e. the projected entitlement expenditures minus projected entitlement tax revenues, to be in excess of $200 trillion! That figure leads me to thoughts of hyperinflation and the severe damage it can do to society.“
Review by Richard Duke on the Mises Institute website of the book: The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century by Dr. Mark Thornton