Of course, you know scientists hate the idea of empirical proof, but this is quite strongly suggestive. Yes, quite strongly.
Andrew Baston reports on China’s 7.9% GDP growth in the second quarter:
China’s government only reports year-on-year growth estimates. But when measured in the same terms as other major economies—an annualized quarter-on-quarter comparison—China’s growth in the second quarter could be on the order of 15%, some private economists estimate.
This is proof, I think, that stimulus programs can have spectacular effects, at least in the short term. Although once again