Observe the economic fallout six years later

Fed printing and borrowing had already broken all records and now will get worse to finance the war.

Other indicators of economic health provide only illusory gains. Once adjusted for the devastating inflation, they largely vanish. So it is with retail sales, which were rising in real terms before lockdowns, jumped up with stimulus cash, but have stayed flat in the post-lockdown period.

One of the strangest features of the lockdown is how crazy, cockamamie, convoluted data reports, on and off again – all of which were distorted by $10 trillion in stimulus and money creation – caused business-cycle tracking to become nearly impossible. Trends of a century or more became mired in a mess of countervailing forces such that it became nearly impossible to know what was a downturn and what was recovery. 

The jobs report from this past week had the word recession all over it but we do not and cannot know for sure, or even if we ever truly left recession from 2020 at least in any sustainable way. We are still digging our way out of this, only to get hit because of health-insurance shocks, import taxes, and more supply-chain disruptions stemming from war. 

This is only a brief look at some economic indicators and they all point to the great turning point of the lockdowns as a blow to functioning on a level not experienced in living memory. This does not even touch on the educational, cultural, and social damage of this period, all of which is existential. 

Features of our times look not only like the prolongation of the lockdowns but actually analogous, almost like they never go away. Hence the Economic Uncertainty Index which parallels 2020 and 2008.

There’s never been a better time to sign the resolution at CovidJustice.org. There is every intention on the part of high-level elites to try lockdowns again under some other excuse. They can and likely will, whether for infectious disease or some other justification. 

Avert not your eyes: life for civilized people entered into a period of barbarism from which we’ve yet to emerge.