Saturday, February 22, 2014

"I'm a Believer"

All the evidence, then, points to substantial positive short-run effects from the Obama stimulus. And there were surely long-term benefits, too: big investments in everything from green energy to electronic medical records.
So why does everyone — or, to be more accurate, everyone except those who have seriously studied the issue — believe that the stimulus was a failure? Because the U.S. economy continued to perform poorly — not disastrously, but poorly — after the stimulus went into effect.

Interesting expression of faith.  By what means could we "know" what would have happened without the stimulus?  Dr. K moves with ease from the role of economist to true believer.

"Big Investments"?  Where the money bro?

No comments:

Post a Comment