Are you aware that public spending is a transfer from the public sector to the private, and that poor people spend approximately 100% of their income? Would you argue that stock buy-backs are a better use of public money?

At some point, probably in the 80s, the prophets of Mammon convinced policymakers that the liquidity of capital markets was the highest good, that no liquidity was enough, and that the financial class is inherently productive.

When we bailed out the banks in 2008, it amounted to a wealth transfer from the public purse to Jamie Dimon. That's your counterproductive welfare spending.

Texas had blackouts last year because free-market fundamentalism. Perhaps Texans should run their fridges on investment boom.