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The jury is still out on Bill Clinton. Was he the great campaigner and a bold pioneer of the “third way”; or was he a con artist, a “Slick Willie” with loose morals and with nothing to show for eight years in the White House? Both claims have their problems. Many people think that the “third way” was bogus: a specious attempt to dress the free‐market wolf in sheep's clothing and pretend that enlightened reforms can make capitalism palatable. As for Clinton's morals, the impeachment and every other case against him ultimately failed although he did lose his licence to...

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