It’s hard to resist noting the recent discussion of the economy by Bill Gross, the famous bond investor, called  “Doo Doo Economics” at his firm Pimco’s website.

Gross compares picking up after one’s dog to what is happening in places like California, economically and metaphorically speaking.  He points out how California’s  education system has apparently gone down the tubes.   Once it was one of the best in the world.  What happened?