Return of the Obama Economists

If Joe Biden is trying to distinguish his emerging Administration from Barack Obama’s, he hasn’t succeeded in the choice of economic advisers he rolled out Monday. They’re Obama veterans who believe in more spending, more regulation, higher taxes, and easier money. Let’s hope the result is better than what became known as “secular stagnation” during the Obama years.

Janet Yellen, the Treasury nominee, is an economist with a distinguished political resume. She’s a Keynesian from the James Tobin school who believes in spending…

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