Krugman on the Dilbert Strategy

Krugman's column today explains how Treasury's banking "reform" over the last week isn't, actually. And he concludes with a fear I've had for some time now:

If we don’t reform the system this time, the next crisis could well be even bigger. And I, for one, really don’t want to live through a replay of the 1930s.

It's a must-read.