November 20, 2008

Deficit Spending

Matt Miller writes in Fortune about his conversion to a deficit spending proponent:

In the face of all this, how can a deficit hawk like me now blithely countenance the coming trillion-dollar gap? It's apt to invoke the godfather of deficit spending himself. "When the facts change, I change my mind," John Maynard Keynes once growled when grilled about an inconsistency. "What do you do, sir?"

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