O'Krugman's Keynesian Blarney

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Economics: The columnist who worries about Washington not spending enough also blames the financial crisis on "free-market fundamentalism" and "letting bankers do what they want."

When did Uncle Sam do that?

In his new book "The Great Money Binge," legendary newspaper editor George Melloan calls attention to New York Times writer Paul Krugman's "novel theory that the New Deal had failed to pull the country out of the Depression during the 1930s because government had not spent enough!"

Melloan calls Krugman "even more Keynesian than Keynes himself"

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