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Keynes Lives

This Paul Krugman column is an indication that old-fashioned tax-and-spend liberalism is back in the debate, replacing the pretense that higher taxes are all about balancing the budget. If the Obama administration follows Krugman's advice, even if his economic advisers are mostly Clinton holdovers we'll see something much worse than Rubinomics.

W. James Antle, III is associate editor of The American Spectator.

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