In 2000, the richest county in America was Douglas County, Colorado, Radley Balko points out, but by 2007 it had dropped to sixth, and the top three counties were Loudon County, Virginia; Fairfax County, Virginia; and Howard County, Maryland — all suburbs of DC.
The Empire Reaps Tribute, Arnold Kling says:
If you thought it was unproductive for the best and brightest to go to Wall Street to become investment bankers to decide to use other people’s money, watch what happens when the best and brightest come to Washington to decide how to use other people’s money.