Honestly, there really isn’t much to say now that hasn’t already been said. At what point can we expect convention and mainstream commentary to stop referring to monetarism as “stimulus”? If we are to have a unified and ubiquitous qualifying description of the idea, it is far closer to toxin or poison than anything that suggests positivity.
Nominal is meaningless, which is why orthodox ideas like NGDP targeting are only an elevated level of toxicity.
Nominal wages have started to rise, but no additional wealth or activity is being created as shown by the total number of hours worked. It really is just paper illusions:
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