Evidence is only of use to the mind that is prepared for it.
Every time I see the government of Japan (or some other government) spending yet more money, in spite of the failure of all their previous government spending orgies, I am reminded of this.
Because, of course, to them there is no such thing as evidence that expanding government spending is not a “good thing”, just as there is no such thing as evidence that trying to finance lending (“investment”) via credit/money expansion, rather than solely by real savings, is not a “good thing”.
On the contrary, any economic decline (perhaps even mass starvation) is interpreted as evidence that there should both be more government spending (an “expansionary fiscal policy”) and more credit/money expansion (an “expansionary monetary policy”).
This is due to the framework of ideas in the heads of the politicians, administrators, mainstream academics and media people – and, yes, many businessmen… What Perry would call the “metacontext”.
Yet in the private sector, this sort of behaviour is called this a ‘pyramid scheme‘ and people get thrown in jail for it.