The Money Surge

Megan prods the left:

There is a very real possibility that in two or three years, America will be in worse shape than it is now--unemployment in the double digits, GDP down by same, corporate and government budgets peeling apart at the seams.  I will be curious to see whether the new armchair empiricists of the left see this as casting any doubt on their central theories, or whether they will simply argue the counterfactual.