Parents: Is there anything we can’t blame on them? They bear the responsibility for our neuroses, the less flattering aspects of our appearance, and, now, the worst inflationary crisis since the 1970s.
The story of our inflation headache is one of scarcity: not enough people, homes, or ships. But while the arguments about post-COVID price chaos have focused overwhelmingly on short-term, pandemic-created triggers — such as closed factories and government rescue spending — inflation is also a story of larger tectonic shifts within the population.
Boomers, who were for a long time the largest generation in global history, are entering their twilight years. And as they ride off into the sunset, they’re leaving behind an economy that isn’t really built to accommodate the demands of the 21st century. Boomers have spent the past few decades shaping the world in such a way that has made the current crunch more painful and sets up future generations for continued deprivation.
Business Insider: The Great Boomer Bottleneck
More seeing shapes in the clouds.
At least clouds have a cause. This is more like “Jesus in my toast.”