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A major driver of inflation is Baby Boomers retiring. If we want to contain inflation, we should immediately increase the full retirement age to 70 and partial
by Reichhardt 4y ago
A major driver of inflation is Baby Boomers retiring. If we want to contain inflation, we should immediately increase the full retirement age to 70 and partial to 65.
Secondly, we can immediately ban the purchase of Crytpocurrencies, to drive down the price and hence attractiveness of mining and electricity rates.
Government action needs to be at the supply side.
- francisofascii 4y agoFear of inflation could keep people from retiring. Not to mention the "less risky" bonds assets getting hammered recently.
- heylook 4y ago> A major driver of inflation is Baby Boomers retiring. What's the mechanism here?