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America’s response to the COVID-19 pandemic was possibly the most consequential public policy blunder in our history.
The enormous costs included $5 trillion or so in unproductive federal spending, inflation, reduction in our standard of living, and permanent economic damage that will be felt for generations to come.
There was massive learning loss and the specter of loved ones dying alone. The incidence of depression and drug addiction skyrocketed. Businesses were shuttered while many Americans seemingly lost their work ethic.