COWEN: I don’t know. There are still democratic incentives in the system. I think people think in generational terms, maybe more than is warranted by the data. I’ve had this discussion with Peter Thiel. He talks about boomers and millennials and Generation X and Z. To me, it’s a continuum, and it’s the events at any point in time that matter a bit more, but I think people disagree on these questions. I don’t think it’s settled.

SCANLON: In terms of?

COWEN: How different different generations are, whether it’s a continuum or you have these fixed start and stop points.

SCANLON: Well, I think it’s in the cult-y thing that we were talking about earlier, where it’s like people want to belong to a certain generation. It’s easy to put yourself in a box that way.

COWEN: Yes, I’m never convinced that’s the right way to look at it.

SCANLON: I don’t think so. I think it creates more problems than answers.

Because generations are garbage