The Syllabus of Economic Errors

Contact Your Elected Officials
Patria with Steve Cortes Header

Since 2020, the successive, dismal policy disasters of the Ruling Class already bring significant economic suffering to middle and lower income Americans. Now, these compounding fiascos multiply into new risks that imperil the entire national economy.

Specifically, because of these botched policy flops, commercial real estate threatens the banks and broad economy today in ways unseen since the Great Financial Crisis of 2008-09.

A review of the sequence of these failures reads a bit like an economic version of the Syllabus of Errors. That Vatican encyclical was issued in 1864 by Pope Pius IX. Affectionately known by Romans as โ€œPio Nono,โ€ the Pontiff railed against the myriad mistakes and heresies of modernity. Channeling the magnificent work of Pio Nono, here is the damning list of economic errors that bring America to this financial precipice:

1. Lockdowns โ€“ the unscientific, illogical, and largely illegal lockdowns compelled massive disruptions to Americaโ€™s social vitality, mental health, and physical well-being. Those abusive restrictions also created ongoing economic harm, especially through decimated supply chains. But Americaโ€™s de facto dictators like Fauci, Gavin Newsom, and Lori Lightfoot cared little about the lasting harm, and certainly not about the systemic inflation fomented by the gargantuan level of government borrowing and spending to sustain the lockdowns.

2.ย 2020 BLM Riotsย โ€“ of course, those draconian lockdown orders were conveniently suspended, per actual public health directives from our supposed โ€œexpertโ€ betters. Why? Well, as the promised 2020 โ€œsummer of loveโ€ descended into widespread chaos, burning, and killing, the doctors andย health authoritiesย concluded that social justice goals supersededโ€ฆsocial distancing. The ensuing carnage of 2020 damaged downtown city centers in lasting, and perhaps permanent, ways. This massive shift ushered in previously unforeseen economic peril.

3. Commercial Real Estate Risks โ€“ lockdowns taught employees and companies to manage workflow remotely. Concurrently, the riots transformed downtowns into effective โ€œno goโ€ zones for regular citizens, and the threats of violence persist to this day. Places like downtown San Francisco and the Chicago Loop are largely ghost towns compared to prior eras, even on workdays.

By Steve Cortes

Read Full Article on SteveCortes.substack.com

Substack
Substackhttps://substack.com/
Substack believes that great writers, bloggers, thinkers, and creatives of every background should be able generate income from their audiences on their own terms.

Now Lawyers Are Looking for the Epstein List, Too!

So it turns out that when FBI Director Kash...

Remember Epsteinโ€™s โ€œLittle Black Booksโ€?

Image of Bill Clinton getting a massage from Jeffrey...

On the Major Leagueโ€™s periphery: A major trip through the minors

For Nick Dunn, the trek through the minors is a trifecta of physical, mental, and organizational hurdles filled with politics, roster volatility, and injuries.

Private Citizens are Now Looking into Epstein Client List

Most Americans have never felt so betrayed and confused by a president and his admin as they are by the Trump admin over the Epstein client list issue.

Peace In Ukraine Wonโ€™t End The Westโ€™s Hybrid War On Russia

The Westโ€™s Hybrid War on Russia to follow peace in Ukraine is inevitable due to neoconservatives and liberal-globalists in its decision-making ecosystem.

Hackers Target Appleโ€™s Mac Users With New Malware Hidden in Popular Apps

MacOS malware, ZuRu is targeting Apple users, embedding malicious code and a hacking tool into popular utilities used for remote connections and server management.

Fetterman Backs ICE, Calls Abolition Push โ€˜Outrageousโ€™

Sen. Fetterman voiced support for ICE, calling demands to dismantle the agency โ€œinappropriate and outrageous.โ€

DOJ Shuts Down Investigation on T-Mobile-UScellular Merger

DOJ no longer opposes the merger of T-Mobile and UScellular and has closed its investigation into the matter, the department said in a July 10 statement.

Trump Visits Central Texas, Epicenter of Catastrophic Flood That Killed More Than 120

President Trump landed in Central Texas for first-hand look at damage from devastating flood claiming the lives of more than 120 people statewide.

State Department Says Reorganization Plan to Move Ahead Quickly After Supreme Court Ruling

State Dept to reorganize plans following Supreme Court's allowing Trump admin to proceed with layoffs of fed workers and overhaul of federal agencies.

Trump Says US Has Struck Deal With NATO to Supply Weapons to Ukraine

President Donald Trump said on July 10 that he has struck a new deal with NATO under which the United States will supply weapons to Ukraine

RFK Jr. Bans Illegal Immigrants From Government-Funded Programs

HHS Sec. Robert F. Kennedy Jr. is rescinding a 1998 interpretation of a law that allowed illegal immigrants to access certain government-funded programs.

Rubio Set to Visit Malaysia for ASEAN Meetings Amid Tariff Tensions

A delegation including U.S. Sec. of State Marco Rubio will travel to Kuala Lumpur, Malaysia, for series of high-profile meetings between July 11 and 12.
spot_img

Related Articles