Did The Stimulus Work? Ctd

by Patrick Appel

Chait counters Manzi:

Private forecasters unanimously believethat fiscal stimulus can temporarily boost growth. They give nocredence whatsoever to the various right-wing alternative models inwhich foscal stimulus does not boost growth. Moreover, in 2001, whenthe objective case for fiscal stimulus was much weaker, there was noreal debate about the efficacy of fiscal stimulus. The fact thatRepublicans are fiercely contesting the merits of fiscal stimulus now,while almost nobody...