Claim: In a post last week, we explained some of the difficulties involved in trying to determine whether or not the stimulus package will work. As we said at the time: Well, for one thing, economists have very little data with which to work. There are plenty of theoretical models out there, but those models are largely untested. … ur long period of relative prosperity means that economists haven't been able to plug a lot of real-world situations into their models to see how well those models hold up.
Fact-check: When Economists Disagree, Part II - FactCheck.org
Verdict: in a post last week, we explained some of the difficulties involved in trying to determine whether or not the stimulus package will work. as we said at the time: well, for one thing, economists have very little data with which to work. there are plenty of theoretical models out there, but those models are largely untested. … ur long period of relative prosperity means that economists haven't been able to plug a lot of real-world situations into their models to see how well those models hold up.
Organisation: FactCheck.org
Author: Joe Miller
Date published: 2009-02-10T16:51:05