gentoobro on Nostr: The situation that Americans face is that the Boomers looted the country and all the ...

The situation that Americans face is that the Boomers looted the country and all the wealth is gone. There's no magic policy that fixes that painlessly. So either you keep dumping inflation money into real estate, making houses more and more expensive compared to wages, or you deflate it with high interest rates and all the people who bought in at the end of the Ponzi scheme get screwed. The former of course eventually leads to the latter but with a farther fall and harder landing.