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When confidence is extreme, there's no scrutiny. There's always a "this time it's different" mindset, the belief that anything is possible.
Some conservatives increasingly reject America's well-established classical liberal traditions of laissez-faire and free choice. These conservatives insist that we need a strong state to "make America great again." They're wrong.
Monetary PolicyMoney SupplyProduction Theory
The heart of economic growth is the expansion of real savings. Monetary pumping only destroys wealth and savings.
With their bizarre and extreme lockdowns, governments are forcing very low-risk populations to endure social isolation and unemployment. The mental health effects will be significant.
Although many claim "nobody saw this coming," some entrepreneurs planned ahead and also have found ways to cater to customers under new conditions.
Socialism is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build; it destroys.
Bureaucracy and Regulation
Unlike in the federal government, some small bits of progress have been made against the regulatory regime at the state level
Taxes and Spending
The Social Security program will have to be either inflated away with increasingly worthless dollars or Congress will have to intervene to cut benefits.