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Typical pro-stimulus arguments?

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Balrogo Posted: Tue, Sep 25 2012 1:41 PM

Whenever I mention that unemployment is worse than official predictions said it would be - even without the stimulus - I hear that the recession was worse than we thought or something along those lines. What evidence is there to support that? I've read some Bob Murphy articles that argue it usually comes down to using models that "beg the question" to begin with, but is the logic really that circular?

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