"Stephen Colbert's recent comment is apropos: When the Republican legislature of North Carolina responded to a scientific study predicting a threatening rise in sea level by barring state and local agencies from developing regulations or planning documents to address the problem, Colbert responded: "This is a brilliant solution. If your science gives you a result that you don't like, pass a law saying the result is illegal. Problem solved.""

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That is the brilliant thing about the millennials. They're not obsessing about, "Hey, there is not going to be a job for me" - they're trying to take advantage of how good a life they can have without having to create so much nominal income. Income is there to create quality of life, but you can share your car and get where you want to go, and you can travel the world by couch surfing. I think they're taking advantage of deflationary forces to improve their life while not maybe having to chase the nominal money that was needed to buy a whole car, a whole house, a whole couch.

— Ken Moelis