Comment by Workaccount2

Work from home was the wrench in the governments plan. If the pandemic happened in 2000, the stimulus would have been needed, as the tools for remote work were way too poor back then.

But instead all the productivity workers just switched to their home office and things just kept working. The stimulus should have been shut off in early-mid 2021 when this was abundantly clear. But the government let it run because people were so jubilant in the money shower.