New data reveals lockdowns since 2020 led to a 12% GDP drop and stole half the US dollar's purchasing power. This damage from stoppages, money printing, and disruptions exceeds official statistics. The findings confirm widespread economic harm.

Many people sensed that the economic harm from 2020 lockdowns was much worse than reported. This included factory shutdowns, massive money printing, broken supply chains, long school closures, and low public morale. A new study uses fresh methods to show the true scale of losses.

The research points to a 12% decline in GDP overall. It also finds that the dollar lost half its buying power due to inflation and policy choices. These effects hit families hard through higher prices and fewer jobs. Official reports missed much of this impact because they did not account for all hidden costs.

Such losses affect daily life for years to come. They show why quick policy decisions need careful review to avoid lasting damage to the economy and public trust.

Original Author: Jeffrey A. Tucker | Source: Brownstone Institute