Since the 2020 lockdowns, the US economy has lost 12 percent of GDP. At the same time, the dollar has lost half its purchasing power due to money printing and supply shocks. New analysis shows the true damage was far worse than official figures admit.
Many people sensed that the harm from lockdowns went much deeper than government reports showed. Factory shutdowns, endless money printing, broken supply lines, and closed schools all took a heavy toll. Fresh data now confirms this view with clear numbers.
The study finds a full 12 percent drop in GDP since 2020. At the same time, the dollar lost half its buying power. These losses stem from policy choices that slowed production and flooded the economy with new money. The effects hit workers and families hardest through higher prices and fewer jobs.
This damage will shape the economy for years to come. Restoring growth will require honest review of past mistakes and smarter choices ahead.
Original Author: Jeffrey A. Tucker | Source: Brownstone Institute
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