"We were fascinated by the curious 1970s-era resolution of the generation gap between them—an implicit deal in which G.I.s achieved economic independence (and spent the post-Vietnam fiscal “peace dividend” almost entirely on themselves) while Boomers asserted their social independence. In each case, this came at a cost: Aging G.I.s gave up cultural and spiritual authority, and Boomers abandoned any realistic prospect of matching their elders’ late-in-life economic rewards."
—I had assumed that the baby boomers were responsible for the economic situation that the US is in, but maybe they just decided not to improve the environment that they were given. I need to read and think some more.
