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Examples
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In their alternate "reality", the Let's-pretend-as-if Fairy magically sprinkled pixiedust on the economy and it spontaneously started to recover in Spring 1933 with no effort whatsoever.
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In fact, all they have proven -- theoretically, not experimentally nor even by real historical comparisons -- is that the New Deal slowed down recovery compared with an imaginary world where there was Econ 101 perfect competition and magical economic pixiedust ended the contraction in spring 1933.
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I think we need a little pixiedust and massive amounts of la-la land.
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In fact, all they have proven -- theoretically, not experimentally nor even by real historical comparisons -- is that the New Deal slowed down recovery compared with an imaginary world where there was Econ 101 perfect competition and magical economic pixiedust ended the contraction in spring 1933.
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In their alternate "reality", the Let's-pretend-as-if Fairy magically sprinkled pixiedust on the economy and it spontaneously started to recover in Spring 1933 with no effort whatsoever.
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