The Lockdowns Kicked Off this Depression

What you have in Congress and the presidency right now is exactly what one might expect from an empire in decline

• Special interests are tapping the petty racketeers in political power to pillage as much of American prosperity as possible before they are swept out of office in November
• Congress is doing today with its out-of-control trillions in spending is robbing generations hence of a chance for prosperity
• Real personal disposable income has been falling since May 2021, the longest period of decline since the Second World War
• Consumer confidence has crashed to lows never before seen, even as trust in government will soon be in the single digits
• Also last week, the Fed raised interest rates again, all in the name of controlling inflation
• The damage to the dollar is already done: since lockdowns, we've lost some 14% of domestic purchasing power
• This has been devastating for savings, the rate of which has fallen to half what it was ten years ago
• Credit card debt is up and defaults also, as real incomes are falling dramatically
• Business investment is down.
• We will be left holding almost nothing to hand on to our kids and grandkids
  1. Even granting the sketchy claim that your day trip and barbecue grill are causing the planet to overheat, one might suppose that life extension would be celebrated as a good thing rather than a climate catastrophe that cries out for the wholesale dismantling of industrial civilization.
  2. During the same century that these people claim we’ve been burning up the planet, our average lives lengthened from 40 to 75 years.
  3. The emergency of our times is undeniable, as is the solution of putting a hard stop on the insanity of government spending, money printing, mandates, controls, and impositions that are killing economic growth and shortening life spans.
  4. After all, they say, the average temperature has risen by 2 degrees Fahrenheit over the last 100 years, which, they further assure us, is the fault of industrial prosperity.

https://brownstone.org/articles/the-lockdowns-kicked-off-this-depression/