
The Exorbitant Burden with Matthew C. Klein
The ACID Capitalist Podcast
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What's the Cumulative Loss of the Pandemic?
The US economy is 22 trillion dollars, then are we talking about a kind of four trillion dollar loss roughly? in that year? Yeah. At the end there, right before pandemic, it was 18%, but the cumulative loss is obviously even bigger, right? It's tremendous. I think quite frankly, relates a lot to the themes that Michael and I wrote about in the book,. If you have a situation where income and spending power had become very concentrated among a relatively small group of people and companies that control that generally aren't going to be spending in ways that create jobs and incomes. That means that the only way you can sustain growth or, you know, a big growth impulse is
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