Baby boomers who originally wanted to shrink government and deregulate markets in the 1980s-90s ended up increasingly dependent on government intervention (central banks, fiscal stimulus, cycle suppression) to maintain the asset values they had accumulated—the opposite of their stated goal.
causalpending
Speaker
Victor JvetsikEvidence 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.”
Created: 8/11/2026, 7:31:56 AM
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