It’s worse than you think
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It’s worse than you thinkDon’t blame the younger generations. They weren’t pumping up the money supply with all their home loans, second mortgages, and third car loans. Which, by the way, is the way to pin down those Boomers who try to blame everyone but themselves for their actions.
Because they are responsible for the post-1980 inflation. They borrowed and spent the money. Inflation isn’t printing money, it’s borrowing money. That’s how the money is created. And the private economy is still, to this day, considerably larger than the public one.
