Did The Stimulus Work? Ctd

by Patrick Appel

Manzi forcefully rebuts Chait:

Macroeconomic assertions about the effect of a proposed
policy are not valueless, but despite their complex
justifications, do not have standing as knowledge that can trump
sense, historical reasoning, and so on in the same way that a
predictive rule that has been verified through experimental testing

When using stimulus to ameliorate the economic crisis, we are likeprimitive tribesmen using herbs to treat an...