Before they hated George W. Bush, many folks on the left hated Ronald Reagan. Before Reagan, they really loathed Richard Nixon.

It’s interesting that many left-leaning thinkers are now adopting Nixon’s line: “We’re all Keynesians now.”

The latest fiscal bulletin (pdf link) from the Cato Institute discusses “The Troubling Return of Keynesianism.”?

Co-author Chris Edwards also co-wrote the recent book Global Tax Revolution.