to print more money to finance the deficit along with interest payments on the debt in an environment of sluggish economic growth where the deflationary headwinds of globalization are also in retreat. I'm curious, one, are you familiar with that argument? And two, what do you think of it? I am. Yeah, I think so the argument goes that older people, they tend to have a larger proportion of the institutional alpha, just the understanding of the machinery that makes a business run. And so as these older people move out of the workforce and are replaced by younger people who are just beginning to learn the ropes and the institutional machinery that allow whatever organization that they've just entered to mobilize productivity, then we're just going to become less productive. And there may actually be a slight shift in headcount. So you may have just during certain periods of different overlaps of when these generational bubbles rise and fall, that there may actually be a period where the (37/45)
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