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Steven Pearlstein is the smart WAPO economics columnist (Robert Samuelson is the dumb one. Fair and balanced reporting means hearing from both sides). Pearlstein is a defender of the traditional Keynesian line, for which LI has enormous sympathy. In that vision, two coordinate policy goals are set. On the one hand, free trade, that mainstay of economic orthodoxy since Adam Smith, retains its sacred place. The Keynesians call for its furthest extension, including overthrowing national barriers in the labor market as well as in commodities. On the other hand, Pearlstein supports heavy public investment in things like transportation, education, health and environmental protection. He believes that the latter is the necessary political concomitant to the former, since the market can be assumed to disadvantage, at any one time, some sector of the national economy – this is the iron logic of comparative advantage, which is never stable. Like a good Keynesian, he bemoans the blindness of the