Monday, February 01, 2010

The fruit falls far from the tree 

In an upcoming survey from the Kauffman Foundation, the Congressional Budget Office and the General Accounting Office receive relatively good marks from economics bloggers. However, Congress itself fails. Just on visual inspection it looks like the most varied grades were given to the Federal Reserve -- a few A's, lots of B's and C's, and more than 20% F's. 31% of bloggers gave a failing grade to Wall Street.

They sent 200 surveys; I don't know the response rate. I did participate in the survey. I am quite certain I failed Congress. I don't know what to think of how its creation gets such a higher grade than the parent organization. But then, you could say the same thing about the Fed.

The rest of the survey comes out tomorrow; this was just a teaser. I'll write more then.