These are really 15 consequences of using a Keynesian stimulus to turn your economy around. Wasteful spending blows your productivity on useless junk while passing purchasing power over to the people on the receiving end of government payments who almost never create value with the funds they receive. The genius is that while our political elites help out their friends, they can pretend they are doing it all to help the people who they harm the most. This is a depressing list, which the linked article goes into with some depth.

1: Wage Stagnation.

2: Most people still haven’t recouped what they lost in the crash: Typical Household Wealth Has Plunged 36% Since 2003.

3: Most working people are still living hand-to-mouth.

4: Millennials are Drowning in Red Ink.

5: Downward mobility is the new reality.

6: People are more vulnerable than ever.

7: Working people are getting poorer: The Typical Household, Now Worth a Third.

8: Most people can’t even afford to get their teeth fixed.

9: The good, high-paying jobs have vanished.

10: More workers are throwing in the towel: Labor Participation Rate Drops To 36 Year Low.

11: Nearly twice as many people still rely on Food Stamps than before the recession.

12: The ocean of red ink continues to grow.

13: No Recovery for working people.

14: Most people will work until they die.

15: Americans are more pessimistic about the future.

It is astonishing to see how rapidly the deterioration has overtaken even so strong an economy as the United States. But at the centre of this disaster is the Keynesian theory that has allowed it to happen with virtually no one any longer able to understand the nature of the problem.