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But you also have to consider the counterfactual: we did way too little stimulus after the GFC in 2008, leading to the economy being depressed much longer than
by Analemma_ 3y ago
But you also have to consider the counterfactual: we did way too little stimulus after the GFC in 2008, leading to the economy being depressed much longer than it needed to be. Obviously it would've been nice if we had done exactly the right amount of stimulus, and easy to armchair-quarterback in retrospect and say the "right amount" was obvious, but at the time it was not.