Tuesday, August 10, 2010

Did the Stimulus Stimulate?

Did the Stimulus Stimulate? The Weekly Standard
"This is the economic equivalent of assuming there are 1,000 angels on the head of a pin, observing that we have 10 pins, and therefore calculating that we must have 10,000 angels.

The math is fine.

But it sheds no light on the key policy issue—were the recently passed acts of government stimulus cost effective?

The degree of cost effectiveness was an assumed number, not one calculated using any version of the scientific method."

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