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The consequences of the Great Policy Blunder – shutting down our economy in a futile attempt to escape a viral pandemic – are numerous and devastating. Widespread unemployment, cratering GDP, educational disruption, escalating overdose and suicide rates, and increased racial tensions are just part of the penalty we are paying for decisions made.
But when the dust has settled and we’re in the New Normal, whatever that is, we’ll have to deal with the most lasting of all the self-inflicted wounds – the broad economic destruction that will be the result of piling onto our debt load.