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> However, there was an embrace of laissez-faire economic philosophy that coincided with their "assuming the mantle". I dispute that Boomers ever assumed the m
by lapcat 3y ago
> However, there was an embrace of laissez-faire economic philosophy that coincided with their "assuming the mantle".
I dispute that Boomers ever assumed the mantle, as it were. They're a subset of the population. No generation has the mantle. Like I said, Boomers don't control the world.
Bill Clinton was the first Boomer President, so you might argue that they assumed the mantle then, but 1993 does not coincide with the embrace of laissez-faire economic philosophy. This occurred much earlier.
> Many of them bought into Milton Friedman (Chicago school) economics
Milton Friedman was born in 1912, a year after Reagan, and was an advisor to Reagan and to Margaret Thatcher, so I think it's quite a stretch to attribute this to Boomers. Friedman's "Capitalism and Freedom" was published in 1962, when the youngest Boomers weren't even born yet.
- tharmas 3y agoI wasn't intimating that Friedman was a boomer. I was getting at that Milton Friedman's Economic Philosophy was fully embraced by the Boomers. And Reagan and Thatcher were fully endorsed by the Boomer generation. Boomers are the first generation in American History to hand their successive generations a lower standard of living. And under Bill Clinton the Boomers certainly did assume the mantle. They certainly were in control in all facets of society. Also, Boomers revitalized Ayn Randism. She was dormant, a forgotten relic until they began to embrace her philosophy.