Krugman on Mellon

I know, it's been a while, but I hope to get back to regular blogging this week. I just read a Krugman column on American economic policy. It makes me wonder why we can't ever have good ideas. Here's the crux of it:

So that’s the state of policy debate in the world’s greatest nation: one party has embraced 80-year-old economic fallacies, while the other has lost the will to fight. And American families will pay the price.

And we wonder why we're still in a recession