“People talk about Main Street vs Wall Street. It should be Main Street vs the Beltway.”

David Friedman’s latest post is so to the point that I’ll simply quote the whole thing:

Reading Google News this morning, I noticed a headline:

Home Prices Continue to Fall:
D.C. Bucks Trend

I was particularly struck by it because yesterday, driving back to our temporary home in Fairfax from a visit to D.C., my wife commented on the amount of new construction we saw. The economy may not be doing so well, but the government industry is booming

Or, to quote my wife, “People talk about Main Street vs Wall Street. It should be Main Street vs the Beltway.”