Scott Burns likes Series I Savings Bonds
Thursday, January 26th, 2006
Categorized as: Yesterday's News (old post archive)
Personal finance columnist and author Scott Burns reaffirmed why he likes Series I Savings Bonds this week in his column, As misunderstood deals go, I Savings Bond one of best.
Burns and Laurence J. Kotlikoff are authors of The Coming Generational Storm: What You Need to Know about America’s Economic Future.
In the book they show how current and recent American generations have used deficit delusion and fiscal child abuse to steal from their kids and grandkids.
As a result, Kotlikoff and Burns predict a future of skyrocketing tax rates, drastically lower retirement and health benefits, high inflation, a rapidly depreciating dollar, unemployment, and political instability.
“The government is going to need the budgetary resources that only high inflation can provide. Hence, high inflation is going to occur. Indeed, it’s likely to occur sooner than later,” Kotlikoff and Burns say. No wonder they like I bonds.