You could instead be upset about the specific people from older generations who were involved in things like that, not older people as a whole.
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Ah, my apologies. Basically I’ve always believed that 1) the financial crisis could have been averted had we not deregulated the OTC derivative market in 2000 and 2) funding higher education to keep pace with the boom in demand since the late 60s would have kept at least some 1/
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downward pressure on income inequality. Are these assumptions off-base? 2/
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Every millennial who I’ve seen complain about Boomers has always mentioned how they “crashed the economy” and left behind a dried up job market for us
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(This is just from my experience tho, so I could just be baselessly extrapolating lol)
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Hey--sorry for slow response, had to step away. Will answer in as soon as stationary. Deserves better than a shitpost :)
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Ok I forgot then I got super busy, in cycles! But here I am with insomnia. (i) It's really hard to get into counterfactuals like this. Possibly the financial crisis, in its precise form, would have been averted or attenuated. On the other hand, to the extent that . . .
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. . . the recession was a result of incorrect beliefs about the housing market, derivatives may not have made much of a difference. I could tell stories in either direction, and as far as I know the postmortem hasn't really settled on any of them. This is a common problem . . .
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