Even the most authoritarian of all regimes, the U.N., is warning about the upcoming death toll due to the economic destruction by governments. The United Nations is saying hundreds of thousands of children are likely to die in the upcoming year because of the economic depression caused by the lockdowns.
The shutdown of the American economy by government decree should end. The lasting and far-reaching harms caused by this authoritarian precedent far outweigh those caused by the COVID-19 virus. The American people—individuals, families, businesses—must decide for themselves how and when to reopen society and return to their daily lives.
It may still feel like “the economy is booming” for those at the top end of the economic food chain in big coastal cities such as New York and San Francisco, but for millions of hard-working Americans in the middle of the country, talk of a “coming recession” is absolutely ludicrous because it already feels like a severe economic depression is happening right now.
Economist Gary Shilling, who is known for predicting bubbles like the housing debacle of 2008, says the United States is already in a recession. Knowing just how financially strapped the average American has become is prompting some to say the recession is already upon us, regardless of what the stock market shows.