In Dayton, Ohio, there are 7,000 abandoned buildings.
Because of federal asbestos controls, it costs $11,000 to demolish one building. So, they rot. The city is desperate. It cannot afford to demolish them. So, like a blight, the number of these buildings continues to grow.
This is the Keynesian economy at work. This is recovery.
What will it be like in the next recession? How about in the next depression?