The Corner

Economy & Business

The Vast Economic Wreckage the Statists Have Caused

In this Brownstone Institute essay, Jeffrey Tucker contemplates the economic harm that’s been inflicted on the U.S. since the lockdowns began in 2020. Since then, it has been one blow after another, administered by Congress, the White House, and the federal bureaucrats.

Here is a slice:

Think of a criminal band that has entered a majestic home. They are grabbing as much as they can before the owners come home. If it is not nailed down, it is going straight into the satchels and put on the truck to be carted away.

Actually, it is worse than that. What Congress is doing today with its out-of-control trillions in spending is robbing generations hence of a chance for prosperity. We will be left holding almost nothing to hand on to our kids and grandkids. Most of all, what’s being stolen is hope for the future.

Read the whole thing.

Stalin used to complain about all the “wreckers” who were responsible for keeping his Five-Year Plans from bringing prosperity when in fact the problem was the plans. Today, Biden, Schumer, Pelosi et al. are imposing their own planning visions on us, and the damage is enormous.

George Leef is the the director of editorial content at the James G. Martin Center for Academic Renewal. He is the author of The Awakening of Jennifer Van Arsdale: A Political Fable for Our Time.
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