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re: Baby Boomers: The Entitled Generation?
Posted on 8/28/15 at 9:49 am to Lou Pai
Posted on 8/28/15 at 9:49 am to Lou Pai
quote:
Lou Pai
He's not really wrong.
Since 1980 or so inflation has been absolutely ridiculous in the big three (education, healthcare, real estate) that aren't factored into traditional CPI measures.
Posted on 8/28/15 at 10:12 am to AbuTheMonkey
Monetary policy has very little to do with those areas. The only way to measure inflation is to compare like-for-like, which is why measures like the CPI are used to understand the cost of living. The reasons those 3 aspects of the economy may seem inflated are idiosyncratic, with real estate being the only part that is at least moderately affected by monetary policy.
Aside from the fact that monetary policy isn't even decided by some democratic process, it's ridiculous to assume your average baby boomer knows what the hell it even is, especially when the millennial citing it clearly doesn't. That makes blaming them so idiotic.
I know I'm going down the rabbit hole here a little bit, but it just goes to show you how ridiculous people are about assigning blame to entire generations of people.
Aside from the fact that monetary policy isn't even decided by some democratic process, it's ridiculous to assume your average baby boomer knows what the hell it even is, especially when the millennial citing it clearly doesn't. That makes blaming them so idiotic.
I know I'm going down the rabbit hole here a little bit, but it just goes to show you how ridiculous people are about assigning blame to entire generations of people.
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