Links for the Week of September 24, 2017
Must-Reads:
Joshua Gans: Danny Kahneman on AI versus Humans: "At our AI conference last week, Nobel Laureate Danny Kahneman was commenting on a paper by Colin Camerer: https://digitopoly.org/2017/09/22/kahneman-on-ai-versus-humans/
Ezra Klein: Graham-Cassidy could’ve been the GOP’s best Obamacare replacement: "Instead, Lindsey Graham and Bill Cassidy wrote the worst plan yet... https://www.vox.com/policy-and-politics/2017/9/20/16333384/graham-cassidy-obamacare-health-care
George Akerlof (1979): The Case against Conservative Macroeconomics: An Inaugural Lecture: "The old classical economics bases its case against the efficacy of fiscal policy on the low interest elasticity of money demand... http://delong.typepad.com/2553741.pdf
Josh Bivens and Dean Baker (2016): The Wrong Tool for the Right Job: "Raising interest rates is a poor strategy for managing asset bubbles... http://cepr.net/images/stories/reports/bubbles-2016-05.pdf
Should-Reads:
- Matt Yglesias: The staggering hypocrisy of Bill Cassidy and Lindsey Graham: "Bill Cassidy... safe seat in Louisiana, could... have spent the past six months... https://www.vox.com/policy-and-politics/2017/9/19/16330094/cassidy-graham-hypocrisy
- Nick Bunker: Weekend reading: “Discussing distributional tables” edition: "The decline in the start-up firms across the U.S. economy is now a well-documented and troubling trend. Ben Casselman reports... http://equitablegrowth.org/equitablog/weekend-reading-discussing-distributional-tables-edition/
- John Cole: Damn I Love The Jag and the Jet and the Mansion: "Graham/Cassidy... bad policy... will devastate many GOP states... hurt tens of millions... https://www.balloon-juice.com/2017/09/23/damn-i-love-the-jag-and-the-jet-and-the-mansion/
- Nisha Chikhale: Expanding the Earned Income Tax Credit is worth exploring in the U.S. tax reform debate : "The Grow American Income Now, or GAIN, Act proposed by Rep. Khanna and Sen. Brown... http://equitablegrowth.org/equitablog/value-added/expanding-the-earned-income-tax-credit-is-worth-exploring-in-the-u-s-tax-reform-debate/
- Jacob Levy: Black Liberty Matters: "'How is it that we hear the loudest yelps for liberty among the drivers of negroes?'... https://niskanencenter.org/blog/black-liberty-matters/
- Matthew Yglesias: : The economy really is broken — but we know how to fix it: "The top 5 percent includes all the members of Congress and all of the donors and lobbyists and business leaders whom members of Congress speak to... https://www.vox.com/2017/9/19/16319416/broken-economy
- Joseph E. Stiglitz: The Revolution of Information Economics: The Past and the Future: "The economics of information has constituted a revolution in economics... http://www.nber.org/papers/w23780
- Ann Marie Marciarille: Eat Out Much?: "With 16 dead and well over 400 documented as infected, it is fair to say San Diego is in the midst of an epidemic of Hepatitis A... http://www.marciarille.com/2017/09/eat-out-much.html
- Jacob Leibenluft et al.: Like Other ACA Repeal Bills, Cassidy-Graham Plan Would Add Millions to Uninsured, Destabilize Individual Market: "Cassidy-Graham Block Grant and Medicaid Per Capita Cap Cut Federal Funding for Most States by 2026... https://www.cbpp.org/research/health/like-other-aca-repeal-bills-cassidy-graham-plan-would-add-millions-to-uninsured
- Pseudoerasmus: The 25 most stimulating economic history books since 2000: "Allen, The British Industrial Revolution in Global Perspective... https://pseudoerasmus.com/2017/01/12/9351/
- Will Wilkinson: What Drives Opposition to Immigration? In-Group Favoritism, Out-Group Hostility, and Donald Trump: "Friedman contrasts 'xenophobia' and 'nationalism', but I’d like to reframe... (To many of us, xenophobia and nationalism go hand in hand.)... https://niskanencenter.org/blog/drives-opposition-immigration-group-favoritism-group-hostility-donald-trump/
- Josh Barro: : Graham-Cassidy healthcare bill has Alaska Purchase for Lisa Murkowski: "Making things odder: Neither VerBruggen nor I could locate the provision in the bill...
- Ben Thompson: THE GDPR AND FACEBOOK AND GOOGLE, INTELLIGENT TRACKING PREVENTION, DATA PORTABILITY AND SOCIAL GRAPHS: "Several folks have suggested that the GDPR’s requirements around data portability... https://stratechery.com/2017/the-gdpr-and-facebook-and-google-intelligent-tracking-prevention-data-portability-and-social-graphs/
- Kristie De Peña: Entrepreneurial Visas: "Some of the most powerful and effective innovators are immigrant entrepreneurs looking to capitalize on the unique opportunities the United States offers... https://niskanencenter.org/wp-content/uploads/2017/07/EntrepreneurialStartupVisas.pdf
- Liz Hipple: : New federal antitrust legislation recognizes U.S. workers are not only consumers: "The introduction of two new antitrust bills by Sen. Amy Klobuchar, D-MN, last week... http://equitablegrowth.org/equitablog/value-added/new-federal-antitrust-legislation-recognizes-u-s-workers-are-not-only-consumers/
- Jeff Stein: GOP senators are rushing to pass Graham-Cassidy. We asked 9 to explain what it does: "Republican senators are struggling to articulate why they are rushing to pass their last-ditch effort to repeal and replace Obamacare... https://www.vox.com/policy-and-politics/2017/9/20/16333876/republican-senators-graham-cassidy
- Nick Bunker: Another lesson from the 1930s for the Federal Reserve: "Matthew Jaremski... and Gabriel Mathy... the excess reserves in the 1930s... http://equitablegrowth.org/equitablog/value-added/another-lesson-from-the-1930s-for-the-federal-reserve/
- Janet Napolitano et al.: The Future of NAFTA and the State of U.S. Mexico Relations: "September 21 :: U.C. Washington Center :: 1608 Rhode Island Ave NW...
- Josh Bivens: An evidence-based Fed would hold rates steady in September: "The Federal Open Market Committee (FOMC) meets today and tomorrow to determine whether or not to raise interest rates... http://www.epi.org/blog/an-evidence-based-fed-would-hold-rates-steady-in-september/
- Ann Marie Marciarille: Patent Transfer to Trigger Sovereign Immunity Defense: "It is absolutely fascinating to read that that Allergan and the St. Regis Mohawk Tribe have reportedly made arrangements for transfer of certain patent rights... http://www.marciarille.com/2017/09/patent-transfer-to-trigger-state-action-immunity-defense.html
- Santiago Perez: Railroads and the Rural to Urban Transition: Evidence from 19th Century Argentina: "Seminar 211, Economic History: Seminar: Economic History | September 18 | 2-4 p.m. | 597 Evans Hall... http://events.berkeley.edu/index.php/calendar/sn/econ.html?view=summary&timeframe=range&startdate=2017-08-01&enddate=2017-12-31&filter=Secondary%20Event%20Type&filtersel=1057
Links:
- American Medical Association, American Academy of Family Physicians, American Hospital Association, Federation of American Hospitals, America’s Health Insurance Plans, and the BlueCross BlueShield Association: Regarding the Graham-Cassidy-Heller-Johnson legislation https://www.ahip.org/wp-content/uploads/2017/09/Joint-statement-AMA-AAFP-AHA-FAH-AHIP-BCBSA-9.23.17.pdf
- Quonset Point Capital L.P.: Unlocking Braden’s Potential: "• Braden R: 3 years old; • Loves trucks; • Favorite color: Red..." http://zoepiel.com/unlocking-bradens-potential.pdf
- Caroline Freund: We Need to Talk About How Female Economists Are Treated: ""If economists are mostly men, women’s economic concerns get overlooked..." https://www.teenvogue.com/story/we-need-to-talk-about-how-female-economists-are-treated
- Francis Wilkinson: Conservatives and the Rotten Smell of States' Rights: "CThe roots of the Graham-Cassidy bill are deep and poisonous..." https://www.bloomberg.com/view/articles/2017-09-23/conservatives-and-the-rotten-smell-of-states-rights
- Lee Drutman: Yes, the Republican Party has become pathological. But why?: "We’re not going to fix American democracy until we can explain why the GOP went crazy... the design flaws of American political institutions... winner-take-all single-member... districts... private money... presidentialist system..." https://www.vox.com/polyarchy/2017/9/22/16345194/republican-party-pathological
- Benjamin Clymer: The Apple Watch Series 3 Edition: "Fossil, a multi-billion-dollar company and maker of entry-level watches had a share price of over $83 the day the Apple watch was announced. It's now below $9...." https://www.hodinkee.com/articles/apple-watch-series-3-edition-review
- David Leonhardt: Senator Cassidy, Please Stop Lying about Health Care https://www.nytimes.com/2017/09/21/opinion/cassidy-graham-health-care.html?smid=tw-share&_r=0
- David Beckworth: The Future Path of the Monetary Base and Why It Matters http://macromarketmusings.blogspot.com/2017/09/the-future-path-of-monetary-base-and.html
- Ryan May: Advanced Matplotlib https://www.youtube.com/watch?v=AmpWIC5SctY
- David Byrne and Dan Sichel: The productivity slowdown is even more puzzling than you think http://voxeu.org/article/productivity-slowdown-even-more-puzzling-you-think
- Sigal R. Ben-Porath: Free Speech on Campus http://amzn.to/2xTXFzU
- Joe Gagnon: : The Fed Buys into Secular Stagnation: "The FOMC's estimate of the so-called neutral federal funds rate had declined from 4¼ percent a few years ago to 3 percent earlier this year and is now only 2¾ percent. With the federal funds rate currently near 1¼ percent, the Fed is almost halfway through its tightening cycle..." https://piie.com/blogs/realtime-economic-issues-watch/fed-buys-secular-stagnation
- **J. Feigenbaum and Christopher Muller: Lead exposure and violent crime in the early twentieth century: "Lead water pipes exposed entire city populations to much higher doses of lead than have previously been studied in relation to crime. Our estimates suggest that cities' use of lead service pipes considerably increased city-level homicide rates...." http://www.sciencedirect.com/science/article/pii/S0014498316300109
- Berkeley: Parcel Conditions and Permit History https://www.cityofberkeley.info/ppop/home
- Dmitri Koustas: Labor Supply and Consumption Insurance: Evidence from Rideshare Drivers http://events.berkeley.edu/index.php/calendar/sn/econ.html?event_ID=111096&date=2017-09-19&filter=Secondary%20Event%20Type&filtersel=
- Scott Lemieux: : Bill Cassidy, Still Giving Cynical Liars a Bad Name: "Jimmy Kimmel’s response to the truly disgusting bait-and-switch being offered by Senate Republicans is remarkable, particularly given the powerful incentives of late night hosts to play Both Sides Do It..." http://www.lawyersgunsmoneyblog.com/2017/09/bill-cassidy-still-giving-cynical-liars-bad-name
