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The Crockpot Recession (EP.304)

Animal Spirits Podcast

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The Future of Inflation for Boomers

The question becomes, do we have a permanent floor of higher inflation in the future if boomers decide to actually spend that cash or do they pass that on to the next generation which is more comfortable spending. I think that boomers are not going to spend down their the problem. Most of that money getting passed down is going to be from rich parents to rich kids. That does the way with the inflation thing in my mind because it's unfortunately going from rich people to rich people.

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