by Ryan Avent

The conservative economists who have argued against the stimulus, as a whole or in parts, have generally tried to do so in a reasonable fashion. I mostly think they've got it wrong, but they're at least trying to use theory and data to assemble a coherent story about why the stimulus might be a bad idea.

The conservative punditocracy has not held itself to such high standards. As the stimulus bill gets closer to becoming stimulus law, their arguments seem to be getting worse. They're simply freaking out at the idea of the thing.