Summary
Phil maps the COVID-19 panic (2020F) against prior Financial Timetable “F” years: 2001F (9/11), 1981F (Volcker rate spike), and 1962F (Kennedy Slide). He notes that Sept 21, 2001 to March 23, 2020 is 18.5 years — almost precisely one real estate cycle. He draws parallels between COVID hoarding and Y2K hoarding, and critiques government interventions as historically making things worse. Advocates for collecting Economic Rent via citizen’s dividend as the structural solution to boom/bust cycles.
Key Claims
- Sept 21, 2001 to March 23, 2020 = 18.5 years (almost exactly one cycle). — confidence: high
- COVID-19 toilet paper hoarding mirrors Y2K bunker hoarding — crowd panic repeats. — confidence: high
- 2020F, 2001F, 1981F, 1962F are all mid-cycle panic year patterns in the Financial Timetable. — confidence: high
- Government intervention historically makes panics/downturns worse, not better. — confidence: high
- The boom/bust cycle can only be eliminated by taxing Economic Rent and distributing it as a citizen’s dividend. — confidence: high
- Planes used as missiles in 2001 — 60 years prior, planes used as kamikazes at Pearl Harbor (1941). — confidence: high