ANDY KESSLER: Lessons of a Dow Decade: Capital misallocation is usually a fallout of bad government policy. Sorry, it’s at WSJ and it’s subscriber-only. I’m bummed that they’ve put most of their editorials and opeds behind the paywall.
UPDATE: Obama’s America: The Rich Are Getting Richer.
ANOTHER UPDATE: If you’re not a WSJ subscriber, you can see Kessler’s piece on his site.