10/19/2011 PERMALINK
Political insanity replaces Silicon Valley as America's top growth industry. Federal employees whose compensation averages more than $126,000 and the nation’s greatest concentration of lawyers helped Washington edge out San Jose as the wealthiest U.S. metropolitan area. Ten of the nation's sixteen wealthiest counties are now those surrounding DC. When Silicon Valley, the source of the technological ingenuity that has driven nearly all of America's real growth and productivity increases for the last three decades, gets supplanted by our nation's capital as the center of wealth and high incomes, you can be sure that America's future will not be bright.