Interesting article, but the author's selective memory and faulty logic continually undermines the point he's trying to make. My favorite was this gem:

"Past U.S. generations invented the airplane; invented the automobile; discovered penicillin; and built the Interstate highway system. The Baby Boom generation has invented credit default swaps; mortgage backed securities; the fast food drive thru window; discovered the cure for erectile dysfunction; and built bridges to nowhere. No wonder we’re in so much trouble.

This completely ignores developments like the personal computer revolution, the Internet, modern telecommunications, satellite technology, space exploration, advances in biotechnology, dramatic reductions in global poverty, etc, etc. I'm sure I'm forgetting some, but you get the idea.

The author would have done well to acknowledge that the reality of the situation is more nuanced than the picture he attempts to paint.