Has there ever been a country in history that has committed economic suicide on such a scale as ours? I doubt it.
Five weeks ago (it now seems like another galaxy), the economy was roaring, the best economy in the history of the world, and then it turned on a dime. I believe it is now too late to reopen the economy, that Great Depression II is already underway, and that it will get much worse before it gets better. The twenties of hte 21st century will be like thirties of the 20th century.
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Has there ever been a country in history that has committed economic suicide on such a scale as ours? I doubt it.
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Well, to be fair, there’s only ever BEEN our inalienable Rights, small/limited govt Const. Republic in History.
Though, PLENTY of examples of failed Socialism+ and esp. failed fiat monetary policy (which is antithesis to the aforementioned Constitution. But we haven’t been a Const. Republic for some moons now anyway...)
Economic suicide started when the USA decided to de industrialize 30 years ago.