Thursday, February 23, 2017

Can Europe Be Saved from Populism?

Two economists offer recommendations on how to defend Europe from an upsurge of populism. Unfortunately, their ideas give cause for pause.

Links 2/23/17

An Economy of Meaning – or Bust

Can one really create “an economy of meaning”?

Lancet Study on Life Expectancy by 2030 Confirms Poor US Performance

A new Lancet study on life expectancy for 35 countries puts up big red flags for US performance.

Bill Black: Kenneth Arrow’s (Ignored) Impossibility Theorem

Nobel Prize winner Kenneth Arrow’s most celebrated theorem illustrates why economics isn’t just wrong-headed but actually destructive.

2:00PM Water Cooler 2/22/2017

Today’s Water Cooler: DNC, Perez and the banks, war fever, Joy Reid, Chemical Activity, Architectural Billings, Larsen C ice crack, algoritms

How Antitrust Enforcement Can Spur Innovation: Bell Labs and the 1956 Consent Decree

A concrete example of how well-designed antitrust enforcement produced large economic benefits.

Links 2/22/17

Michael Hudson: Why Failing to Solve Personal Debt and Polarization Will Usher in a New Dark Age

Crushing personal debt loads have repeatedly produced economic and social crises. The elites ignore the warning signs at their peril.

French Presidential Contender Macron Backs Tough Stand on Brexit

Macron, who has taken a recent hit as a result of a campaign blunder, took a forceful position on Brexit in a meeting with Theresa May.

As US Attorney, Trump Labor Secretary Nominee Enabled Drug and Biotechnology Executives’ Impunity

Yet another Trump appointee who was soft on big business misconduct.

2:00PM Water Cooler 2/21/2017

Today’s Water Cooler: McMaster, immigration, stylometrics/fake news, Ellison, manufacturing, freight recession over, the rich are different

CalPERS’ Private Equity Portfolio Continues to Earn Way Too Little for the Risk

CalPERS private equity returns are not pretty, but at least the giant pension fund seems to recognize private equity’s glory years are past.

Links 2/21/17

European Polls Head for Heaven and Hell

Le Pen’s recent surge in French presidential polls has Mr. Market fretting, while results in Germany are a bright spot.