This week, the Foundation for Economic Education’s Jeffrey Tucker offered an interesting theory on what’s driving the ongoing stock market boom: political gridlock. Tucker makes an important point. While it’s true that passing tax cuts or replacing Obamacare would benefit our economy, gridlock offers its own economic benefits as well. All too often when Congress is “getting along,” it spells trouble for American taxpayers. Political gridlock is pro-growth because when Congress has consensus, we see the passage of legislation such as the Troubled Asset Relief Program, the American Recovery and Reinvestment Act, and Medicare Part D — to name just
