Financial Repression of Young People

[Joe Leote]

TED talk about intergenerational wealth distribution and social challenges in the United States.

How the US Is Destroying Young People's Future (the true meaning of "financial repression")

https://youtu.be/qEJ4hkpQW8E

I like Scott Galloway and much of his analysis. However in one slide he conflates the paper gains in the stock market (Nvidia one day gain) with cash flows in the real economy (public spending for important government or social programs or infrastructure repair). The stock market and secondary housing markets create capital gains that society as a whole cannot transform into cash savings or liquid cash for purchases and programs. Galloway is totally on point when discussing the need for social reform including overhaul of the public tax, spend, and credit policies that reward capital and destroy the incentives for the younger folks to prosper in the real economy.

Joe