Can't connect to localhost, but can with computer name in SQL Server 2008

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I'm using SQL Server 2008 and in Visual Studio, in Server Explorer, I can connect to SQL Server running using my computer name, but I can't using 127.0.0.1 or localhost, shouldn't they be the same?

Also when using a connection string in the web.config file for the website I can't connect using localhost, but only with the computer name! Is there some setting I'm missing somewhere in the SQL Config Manager?

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