Krugman is talking about regulating financial markets:
Posted by binky at April 1, 2008 11:21 AM | TrackBack | Posted to Economics | Extremism | PoliticsFor example, there was a 2003 photo-op in which officials from multiple agencies used pruning shears and chainsaws to chop up stacks of banking regulations. The occasion symbolized the shared determination of Bush appointees to suspend adult supervision just as the financial industry was starting to run wild.