Reasonable people can disagree about that. Also the Austrians have a point when they assert that things are always more complicated than they may seem.
Okay, so what if it's causing suckiness, or enhancing existing suckiness?
Given that the reason for the stimulus was to try to mitigate the fallout from the collapse of 2008, I just think it's entirely more likely that the suckiness was caused by the collapse, rather than the attempted remedy.
But you asked "what if". I'm not sure what the alternative is. Five years of IMF-style austerity and North Korean Tree-bark soup for everybody?
no subject