Yep started with the inflation, and financialization and monetization of everything starting in about 1973-75. Nixon inflation, and price controls, watergate, Vietnam windown and debt, and then Ford and Jimmy. In 1974 no one know what a money market was. By 1980 folks were getting 20% in money market funds. Oh - yeah, and don’t foget Nixon and petrodollars - which kept us from going bankrupt while we started trying to pay for the great society and the debt from Vietnam all at the same time, the Vietnam debt needed for Kissinger to negotiate an honorable peace.
Yep...And who kicked off the great society? LBJ, another president from Texas, and he was certainly NO boomer.