Sunday, August 18, 2019

Brexit: According to Script

The commentariat’s Brexit predictions are playing out, sadly.

Inflation Data Shows Tariffs Are Not a Tax on Consumers but on Foreign & US Corporations

Yves here. It has been reported in venues like the Financial Times that importers who would face increased costs from tariffs on China were taking steps so as not to increase prices to customers, which includes making their suppliers give better prices and eating some costs too. With profit share at a record high level […]

Class-Action Lawsuit Seeks To Let Medicare Patients Appeal Gap in Nursing Home Coverage

A Medicare lawsuit winding its way through the courts should take some of the wind out of the sails of the idea of Medicare in its current form as a good way to implement single payer.

2:00PM Water Cooler 8/14/2019

Today’s Water Cooler:

It Was More Like a Couple of Asian Decades Than a Century

China’s trend rates of growth are likely to be much lower than in the past, and even that is problematic. China will remain an important Asian player, not a dominant global force.

Links 8/14/19

Jeffrey Epstein’s Death, Critical Thinking, and the Decline of Reporting

Why neither the government nor the press have covered themselves in glory in ‘splaining the death of Jeffrey Epstein.

Ideology is Dead! Long Live Ideology!

Economists like to say they’re immune to ideology. Research shows the opposite.

Phishing Equilibria in Silicon Valley: Google Maps and Fraud

Don’t trust business listings in Google Maps. They’re can be fraudulent, even dangerous.

2:00PM Water Cooler 8/13/2019

Today’s Water Cooler: China tech leaves, no tarrifs for XMas, Biden, Sanders, Warren, Yang, the pollster, the press, the DNC, consumer prices, small business optimism, Siberian wildfires, the Kennebec, delta land, the New Deal and segregation, tourism, Maslow’s pyramid

Links 8/13/19

How Richard Vague Discovered Gravity: An Interview + Book Review of A Brief History of Doom: Two Hundred Years of Financial Crises

Richard Vague extends his work on the dangers of private debt via his new book, A Brief History of Doom, on the role of debt in financial crises.

How New York City Has Worked to Protect People from the Deadliest Disaster: Heat

New York City has set out to protect people — and the planet — from heat.

No, Productivity Does Not Explain Income

Why a widely-held view about productivity that is foundational to the claim that people are paid what they deserve does not hold up to scrutiny.

2:00PM Water Cooler 8/12/2019

Today’s Water Cooler: