Since Lockdowns, a 12% GDP Loss; Half of US Dollar Purchasing Power Stolen

Since Lockdowns, a 12% GDP Loss; Half of US Dollar Purchasing Power Stolen Many of us have had the intuition that the economic damage from 2020 – including industrial stoppages, monetary printing, supply-chain disruptions, extended school closures, and general population demoralization – was greater than official statistics indicate. What follows will shore up this intuition.