I understand that your point wasn’t to argue about fiscal stimulus (and you will notice that no part of what I wrote was was arguing about fiscal stimulus, as opposed to about opinions about fiscal stimulus). I’m calling into question how often Cochrane has really heard people say what he describes, as opposed to less transparently irrational things that he interprets that way because he can’t or won’t believe that his ideological opponents really think as they say they do.
I understand that your point wasn’t to argue about fiscal stimulus (and you will notice that no part of what I wrote was was arguing about fiscal stimulus, as opposed to about opinions about fiscal stimulus). I’m calling into question how often Cochrane has really heard people say what he describes, as opposed to less transparently irrational things that he interprets that way because he can’t or won’t believe that his ideological opponents really think as they say they do.