But the definitive study of fiscal policy in the 1930s, by the MIT economist E. Cary Brown, reached a very different conclusion: Fiscal stimulus was unsuccessful 'not because it does not work, but because it was not tried'." Krugman specifically accused Shlaes of disseminating "misleading statistics."
However, a definitive analysis by MIT economist E. Cary Brown in the 1930s reached a contrasting conclusion: Fiscal stimulus was ineffective 'not because it doesn't work, but because it wasn't attempted'." Krugman specifically criticized Shlaes for spreading "misleading statistics."