The freedom ideology underlying neoliberalism (free markets, deregulation, minimal government) had ironic consequences: baby boomers who sought to shrink government in fact became increasingly reliant on government intervention via central banks and fiscal policy to maintain the asset values they had accumulated, the opposite of their stated intent.
causalpending
Speaker
Victor JvetsayEvidence Quote
“Baby boomers who wanted to degrade the government who wanted the government to get smaller never really achieved this outcome. In fact, not only they haven't achieved, but in order to maintain the wealth that they've accumulated, they increasingly become reliant on the government to maintain asset values through central banks, fiscal policy, suppression of economic cycle.”
Created: 8/11/2026, 6:33:00 AM
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