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To be fair, the Boomers didn't intentionally create a Ponzi scheme. They were just irrationally exuberant when estimating future economic growth.
by xapata 10y ago
To be fair, the Boomers didn't intentionally create a Ponzi scheme. They were just irrationally exuberant when estimating future economic growth.
- antisthenes 10y agoWhich is understandable, considering they grew up in the highest oil per capita use period in human history. It's easy to buy into the "unlimited resources and growth" hype when you're at the peak. Sort of like the bullish delusions of 2007 stock market.