New at Reason: Steve Chapman on Why Being a Macroeconomist Means Never Having to Say You're Sorry

June 11, 2009

President Obama and his critics have a major disagreement. He says his accelerated economic stimulus efforts will create 600,000 jobs by the end of the summer. Senate Republican Leader Mitch McConnell of Kentucky, however, doubts "the spending binge we're on is going to produce much good." Both can't be right. But neither has to fear being proved wrong.

Why not? Because, writes Steve Chapman, there is no persuasive way of determining the effect of implementing the president's policies. No matter what happens, each side can claim vindication.

Read all about it here.