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Laurence Kotlikoff Laurence Kotlikoff.

The near-nationwide lockdown intended to slow the spread of COVID-19 has created “a perfect macroeconomic storm” that’s put the U.S. on track for a depression worse even than the Great Depression — it is therefore “idiotic exuberance” to invest in the market now, argues Boston University economics professor Laurence Kotlikoff in an interview with BenefitsPRO’s sister site ThinkAdvisor.

Kotlikoff, who in 2014 was named by The Economist one of the world’s 25 most influential economists, floats a plan for reopening the U.S. economy: a nationalized household testing program run by the states. He is working with a Cornell University professor on a testing model.

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