Richard Florida has the real economy

My Martin Prosperity Institute colleague Zara Matheson mapped the 200 large metros on Milken's Best Performing Cities Index (see above).

Richard Florida did this work, he is one of the good ones. Martin has one of the great web sites.



Now I extract the times series, map the sprectrum in terms of probability of transaction, and it looks like we have three spectral groups.Once I have that distribution, it becomes a hyperbolic power series, with an error balanced tangent bundle. So I am allowed to do polynomial division with a known error. From there I can isolate almost all of the idiocy of our elected leaders. The metropolitian polynomial looks like a basic set of the light greens, then a power of that showing connections between the dark greens, a connected economy. The best fit comes complete with its own error function, and that carries through.  Its very similar to a Schur reduction

So I divide metropolitan data out from aggregate US data, and what remains is mostly bonehead government at the state and federal level.  The residual will show the Texas savings and loan fiasco, Laffer's lunacy, Grey Davis and the Floundering California politicians will jump right out, Clinton and Obama will look pretty good, except for Obamacare.  Bernanke will be a big negative. The DC debt catrastrophe will jump out, president by president. This is all pretty clear to me by just looking at the bubbles in the chart.

Wait, you say, didn't Richard Florida really do all the work? Now you catch on, that is the theory of everything, it is what the collective aggregate does all the time, that is why it has the name.  The  Kayakians and Kanoniasn do not have the answer.

. Economists, pay attention.