This is because boomers now consume less, so currency needs to be debased to provide the level of consumption to increase, to match 2% inflation.
The less people consume as demographics age the more repressed the youth will be, as we lock up inelastic goods behind massive debt. It doesn’t matter how nominally rich boomers get, if they don’t consume our money supply will grow.
This is because boomers now consume less, so currency needs to be debased to provide the level of consumption to increase, to match 2% inflation.
The less people consume as demographics age the more repressed the youth will be, as we lock up inelastic goods behind massive debt. It doesn’t matter how nominally rich boomers get, if they don’t consume our money supply will grow.
It’s not the boomers that are hoarding wealth and not spending it, it’s the top 0.1%