Thursday, March 23, 2017

The Role of Experts in Public Debate

How experts, as in economists, wrap themselves in a mantle of jargon and supposed superior insight to promote policies that screw workers.

2:00PM Water Cooler 3/17/2017

Today’s Water Cooler: Merkel visit, Trump infrastructure, ObamaCare replacement, quadruple witching, the Acela, credentials, snow, snow, snow

Diversity and Public Goods: The More We Mix, the Better

Making diversity work is a challenge, but it can be done.

Links 3/17/17

Race to the Bottom: Cities and States Spend >$45 Billion Per Year Competing for Jobs

The Wall Street Journal published an important story on how states and communities throw money at companies via tax incentives and other gimmies in a desperate effort to win or hold jobs. These subsidies are a big drain on government budgets: Economic-development tax incentives more than tripled over the past 25 years, offsetting about 30% […]

The Canadian Establishment and Prime Minister Trudeau Aim at Ousting Foreign Minister Chrystia Freeland

Is Canada’s Foreign Minister Freeland, in a scandal over lying about her Nazi propagandist grandfather, being hung out to dry by the PM?

4 Charts on Wall Street’s Outsized Pay

Wall Street denizens whinge about embarrassingly rich pay packages.

Confirming Our Chicago Meetup Next Friday, March 24

I hope to see Chicago area readers next week at our meetup! Details here.

2:00PM Water Cooler 3/16/2017

Today’s Water Cooler: TPP, debt ceiling, ACA/AHCA, Maddow implosion, business outlook, manufacturing, blockchain, McDonald’s, Boeing 7373

How Common Ownership is One Route to Social Transformation

Can changes in ownership rules tame the bad features of capitalism?

Links 3/16/17

Here Come the Robots: Your Job Is at Risk

How robots threaten jobs in emerging economies.

February Jobs Report: Hitting on All Cylinders but Wages

Economists and the Fed are declaring victory on jobs while merely delivering yet more stagnant real wages. Nicely played!

Mainstream, Pro-EU Rutte’s VVD Beats Populist, Anti-Immigration Wilders in Dutch Election

Far right winger Geert Wilders fails to cinch a win for his party in the Dutch election, contrary to polling in recent months.

2:00PM Water Cooler 3/15/2017

Today’s Water Cooler: TISA round-up, The Blob, Russki Madness, DSA, Sanders in West Virginia, The Bezzle, future of retail, comment sections