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Thursday, July 24, 2025

Blame Covid: America's Economy Hits a Wall - By Justin Hart

 I’ve said it before and I’ll say it again: the seeds of this economic crisis were sown the moment we let COVID panic override common sense.

We injected trillions into the system under the guise of “relief,” inflated asset bubbles, distorted labor incentives, and trained both Wall Street and Main Street to expect free money forever. We turned off the economy, paid people not to work, and then acted shocked when inflation spiked, supply chains broke, and productivity cratered.

And when the bill came due? The Fed panicked in the opposite direction—cranking rates higher and faster than any time in modern history, breaking the very consumers it claimed to protect.

Now, the cracks are no longer theoretical—they’re everywhere you look.

The latest economic signals paint a stark and unsettling picture: the American consumer has hit a wall, and the broader economy is teetering on the brink. This isn’t just a seasonal blip; it’s a fundamental shift, with deep implications for the coming months.

Full text:
https://www.lewrockwell.com/2025/07/no_author/blame-covid-americas-economy-hits-a-wall/