Go full Euler?

Soak the Boomers to Save Capitalism

The intergenerational transfer of wealth is underway. The only question is how the government will manage it.

Karl W. Smith restating the intergenerational imbalance. Who got it wrong? Right now mostly boomers, but by next election millennial share will grow.

But this is not a full Euler save of double entry accounting. The currency risk is accumulated, and the responsibility of us all, as we all engaged in bad banking for some timer. $4 tout of $8 Trillion in currency risk is unrecoverable, it is being released on the economy over some period of time. And that is the MMT moment.