Our Descent Into Collective Madness
February 18, 2021
These are crazy times. A pandemic led to national quarantine; to self-induced recession; to riot, arson, and looting; to a contested election; and to a riot at the U.S. Capitol.
In response, are we focusing solely on upping the daily vaccination rate? Getting the country back to work? Opening the schools as the virus attenuates? Ensuring safety in the streets?
Or are we descending into a sort of madness?
It might have been understandable that trillions of dollars had to be borrowed to keep a suffocating economy breathing.
But it makes little sense to keep borrowing $2 trillion a year to prime an economy now set to roar back with herd-like immunity on the horizon.
Trillions of dollars in stimulus are already priming the economy.
Cabin-feverish Americans are poised to get out of their homes to travel, eat out and socialize as never before.
Meanwhile, the United States will have to start paying down nearly $30 trillion in debt. But we seem more fixated on raising rather than reducing that astronomical obligation.
We are told man-made, worldwide climate change — as in the now-discarded term “global warming” — can best be addressed by massive dislocations in the U.S. economy.
The Biden administration plans to shut down coal plants. It will halt even nearly completed new gas and oil pipelines. It will cut back on fracking to embrace the multitrillion-dollar “Green New Deal.”….
https://pjmedia.com/victordavishanson/2021/02/18/our-descent-into-collective-madness-n1426414