01-10-2018, 03:21 PM
(01-09-2018, 09:41 PM)Kinser79 Wrote: Good to see that Mr. Horn a boomer took the time out to blame his parent's generation for his generation's failures. As for the rending of the New Deal social contract, I say that was inevitable. Socialism is great until you run out of other people's money as the Iron Lady said.
Every generation is the product of an earlier one, and the generational failures create the cycle. I assumed we were all into that theory, but maybe not. As you would expect, we Boomers vastly overcompensated for the GIs vast overcompensation, which was the byproduct of the last 4T. I'm sure this will continue into the future.
In regards to the end of the Great Prosperity, blame the Israelis or the Saudis. The 1973 Arab Oil Embargo quintupled gasoline prices overnight, and lead to massive inflation over next several years. It had nothing to do with "other people's money".
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.