Started By
Message

re: Baby Boomers: The Entitled Generation?

Posted on 8/28/15 at 9:49 am to
Posted by AbuTheMonkey
Chicago, IL
Member since May 2014
8036 posts
Posted on 8/28/15 at 9:49 am to
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 by Lou Pai
Member since Dec 2014
28190 posts
Posted on 8/28/15 at 10:12 am to
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.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram