We Are Live at the Week: "A (Keynesian) Voice Crying in the Wilderness, Saying..."

Keynes & Co. have lost the stimulus argument - The Week: My friends Kevin O'Rourke and Barry Eichengreen in the office next door were chief among those economists warning at the start of 2009 that the shock to the world economy inflicted by the financial crisis was greater than the shock that had caused the Great Depression. They were right.

The good news is we have avoided another Great Depression. But it seems ill-advised for Barack Obama to stand up on a Friday morning in early July and...