The simplest, most coherent, and most sensible explanation for the current economic condition

With a title like that, you should expect some long drawn out post. If so, you'll be disappointed. Instead, you get two quotes.

Politics is the art of looking for trouble, finding it whether it exists or not, diagnosing it incorrectly, and applying the wrong remedy. -Ernest Benn 

An economist is a surgeon with an excellent scalpel and a rough-edged lancet, who operates beautifully on the dead and tortures the living. -Nicholas Chamfort

In our case, the politicians and the economists got together and gave us ... whatever it is we have. And you thought it was complicated.

The Atlantic recently had a longer article with pretty much the same conclusion.