Since the 2020 lockdowns, the U.S. economy lost about 12% of its real GDP and the dollar’s purchasing power dropped by half. Official data understates inflation and economic damage due to complex price adjustments. This hidden crisis explains why many people feel worse off despite official reports of slow growth.
ORIGINAL LINK: https://brownstone.org/articles/since-lockdowns-a-12-gdp-loss-half-of-us-dollar-purchasing-power-stolen/
