Baby boomers are unusually inflationary (contrary to standard economic theory that aging cohorts are deflationary) because they accumulated $35 trillion in net assets through government policy that sterilized deficits into asset markets since the 1970s-1980s, and COVID wealth creation followed by mortality anxiety has created a 'YOLO trade' where they are spending down assets into real consumption faster than usual.
causalpending
Speaker
Luke GromenEvidence Quote
“the boomers are extraordinarily inflationary... they made whatever for 40 years, 35 years from 1980 to 2015, they made X dollars and the US government gave them an incentive... they could take 15% of those X dollars... and instead put it into the asset markets... fast forward 40 years, these boomers have $35 trillion net assets and then you scare them... they're going to die way sooner than they thought”
Created: 8/11/2026, 1:30:01 AM
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