@sardonicsmile I would be curious about what his solutions are, since he is correct that the buying power for younger generations is far less, which causes a number of problems. What happens too often is the younger generation proves themselves no better than many of the older generation because their solution is to double down on the very policies that caused the problem.
@houseoftolstoy @sardonicsmile
The solution is pretty simple: young people should default on the debt the boomers created.
They're suffering because they are trying to pay it off, directly and indirectly.
@houseoftolstoy @sardonicsmile
It's the honest solution. At least in this case, you would keep the country.
The other options are:
- Printing money to pay it off: that's what the government is doing, albeit slowly. Their preferred but it causes classic hyperinflation.
- Civil war: stick the loser with the bill.
- Military coup: you go to war and use the spoils to pay it off.
- Balkanization: you're no longer the usa, so fuck the debt.
- Debt Jubilee: it's the same as bankruptcy, but worse.
@Zeb @sardonicsmile That is one way to "solve" the problem. Though that solution is a "burn in all to the ground" solution. Certainly appealing to those who have nothing to lose, though it will have unknowable consequences.
It is basically asking everyone to reroll the dice. For those that got snake eyes, the reroll is certainly appealing.