US Consumers Are Suffering in a Less Than Robust Economy

Consumers hold shopping bags in Chicago, Ill., on July 29, 2016. Joshua Lott/Getty Images

Commentary

Keynesian policies are damaging what they were intended to support. No example is more evident than what’s occurring in the United States. A few years ago, in 2021, I had a conversation with the economist Judy Shelton wherein she said that the recovery would be much stronger without the stimulus package, and she was right. Massive government spending and currency printing have left a much weaker labor market and poorer citizens.