KRUGMAN: "ALL THE PRESIDENT'S ZOMBIES"

In today's op-ed column Paul Krugman makes an observation that should be at the heart of our public debates today. Specifically, Krugman looks at the silliness behind the "private sector good-government bad" mentality, and muses over why this mindset continues to persist.

Washington, it seems, is still ruled by Reaganism — by an ideology that says government intervention is always bad, and leaving the private sector to its own devices is always good.

Call me naïve, but I actually hoped that the failure of Reaganism in practice would kill it. It turns out, however, to be a zombie doctrine: even though it should be dead, it keeps on coming.

I agree with this. If you want to understand why Reaganomics was not as successful as the zombie pundits and politicians clearly think it is, here's one of my previous posts on the topic.

- Mark