July 24, 2012
While the media is obsessed with the politics of the economy and the upcoming election, it turns out the US economic policy debate that we see playing out in Washington, is all a sham. That’s the headline coming from Bloomberg today as they look at a survey conducted by the University of Chicago’s Booth School of Business. And it’s a survey of leading economists from all sides left, right, and in the middle. And to make things worse the gridlock cost us 1.3 billion dollars.