I agree with you that arguing against the Obama strategy is pretty much futile, but I think it's wrong to assume it'll be obvious after the fact whether the bai

I agree with you that arguing against the Obama strategy is pretty much futile, but I think it's wrong to assume it'll be obvious after the fact whether the bailout made things better or worse, since there's no way to run a controlled experiment. I think the best strategy for people who think they have a good understanding of the situation to follow Bryan Caplan's advice and state publicly how they will interpret different outcomes. http://econlog.econlib.org//archives/2008/09/how_would_we_kn.html http://econlog.econlib.org//archives/2008/09/how_would_we_kn...