Cochrane on: Fiscal Stimulus, Fiscal Inflation, or Fiscal Fallacies? (os on behalf of fg)

My dear colleague fg send me this link: the Chicago economist John Cochrane on “Fiscal Stimulus, Fiscal Inflation, or Fiscal Fallacies?”. A short summary you can also find at Greg Mankiws blog. In the words of fg: this article causes quite a stir at the scientific camp (for example: Brad DeLong) !