Friday Finance – Millennials will save America

The hard sell

‘Millennials will make the American economy boom over the 2020s.’

It’s an unusual sentiment to hear in this age of doom and gloom.

My first reaction was the same as yours, but Tom Lee has put together a convincing demographic case that American growth ought to be stronger than than of other major economies into the 2030s due to its comparatively large Millennial population.

Let’s examine the stats and consider counterarguments.

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Contempt for human life

Rooster by Alice in Chains, 1992.

No matter how old I get, it continues to shock me how little rulers care about human life.

If they care at all, it is usually with a degree of self-centered abstraction. If too many middle-class boys get drafted, the Vietnam War will become unpopular. If the Covid stats look bad, it might hurt at the upcoming election. We can determine that they have no real concern for human life by examining their actions when their power is not at risk.

The same people who despaired of each nursing home resident lost to corona now recklessly toy with nuclear brinkmanship to an extent we have not seen since 1962 – and back then the Dr Strangeloves were at least wise enough to realize the gravity of the game they were playing. They at least showed some consistency by having shrugged off the very Covid-like Asian Flu a few years earlier.

Laying out the reasoning of both sides in the Ukraine conflict will illustrate how low human lives are on the list of priorities for world rulers.

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