Stockman’s Corner

It’s Memorial Day weekend, which is ordinarily a time of massive travel mobilization by the American public. But the TSA reported that airport screenings yesterday (May 21) were just 318,449, representing a whopping 88% plunge from last year’s 2,673,635.

It turns out the number is 43.0 million. That’s the total number of new unemployment claims filed during the past 9 weeks when you add the 38.6 million claims under the regular state programs to the 4.4 million workers who have become newly eligible under the Federal bailout.

It started in sheer madness on March 13 when the Donald was persuaded to declare a national emergency by his camarilla of dopey doctors.

We have always thought that one of the most crucial theorems of human action is embedded in Bastiat’s parable of the broken window per his classic 1850 essay: “Ce qu’on voit et ce qu’on ne voit pas” (“That Which We See and That Which We Do Not See”).

And it’s over!

And we’re there!

As the Covid-Hysteria morphs into a whirling dervish of contradictory messaging from both the opposites sides and the same sides of the partisan divide, the next health crisis in America might well be an outbreak of mass vertigo.

Today the Wall Street Journal has a story on how the debt-ridden households of America are coming to the end of their ropes. But its MSM narrative for the default calamity now gathering a ferocious head of steam could not be more ass-backwards:

If you don’t think the fix is in, please take note of the big news of the morning. Namely, that the allegedly ultra-busy Dr. Fauci had time last evening to ping Sheryl Gay Stolberg, correspondent for the “failing New York Times”, in order to dump a VLCC size tanker-load of cold water on the urgent

The Grim Reaper is not now, and never has been, a respecter of age. That’s why this breakout of the US population by single-year age cohort shape shifts into the form of a ski slope after the mid-60s age demarcation in the chart below.