patrick.net

http://smaulgld.com/millennials-not-part-of-the-club-yet/

Failure provides opportunity for new entrants. QE and bailouts, on the other hand, keep economic losers entrenched. It is this dynamic that has kept economic opportunities from millennials.

Whether the Fed eventually ceases its QE program, the damage to a generation has already been done. Five long years of Fed money printing to keep the system entrenched has not created a thriving economic environment for millennials but rather a playground for the older, richer generation to maintain and increase its wealth.

http://smaulgld.com/millennials-not-part-of-the-club-yet/

Companion piece-How QE Causes Senior Citizens to Compete with Millennials for Entry Level Jobs http://patrick.net/?p=1236857

#environment