The Giant Disconnect Between Wall Street and Washington

Megan McArdle wrote in The Atlantic The Giant Disconnect Between Wall Street and Washington. "There are people in Washington who get Wall Street, and people on Wall Street who get Washington. But they are a small minority in both places. I submit that this disconnect is dangerous."

Ezra Klein says "Read the whole thing. The only thing I’d add is that I’m often struck by how many people there are in Washington who don’t understand the legislative process, have only very vague ideas about how polarization has changed in recent decades, have no idea of the role that baselines play in the budget process, etc. These people often have other areas where they’re extremely knowledgeable -- campaigns, for instance -- but in off-years, they’re called to comment on the legislative process and they get quite a lot wrong."