Subject: Econ fallacies from people who should know better
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Thu, 7 Sep 2017 05:02:34 -0400 (EDT)

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}A daily digest of opinions and analysisDon’t Believe What Jeff Sessions Said About JobsNo, young immigrants didn’t take “hundreds of thousands” of jobs from native-born Americans, as the attorney general claimed in his recent speech on the DACA program. Instead, Noah Smith says, Sessions relied on an economics fallacy so well-known that undergrads are warned against it in their introductory courses. Whoops! Let’s learn more about the classic “lump of labor” error.The First Amendment Protects Dreamers, TooCan the Trump administration take information collected under DACA, and use it to deport the same immigrants the program was designed to protect? The Department of Justice seems to think so, but Noah Feldman says it would be morally wrong — and probably unconstitutional.Most Americans Have No Idea Where Their Tax Dollars GoWith tax reform near the top of Congress’s agenda, Americans can expect to hear a lot of talk about government spending this fall. But as Justin Fox notes, one of the perennial failures of U.S. civic education is ensuring that Americans know where taxes go. (Hint: Social spending is where the money’s at.)How to Close the Gender Gap in TechStep one: Recognize bias. Male computer scientists outnumber their female colleagues three to one, and such gender imbalances hurt the entire tech industry. The Bloomberg View editorial board argues that as long as the status quo persists, an enormous supply of ideas, ingenuity and creativity will go to waste.Before it’s here, it’s on the Bloomberg Terminal. Find out how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.Ritholtz’s ReadsVanguard speaks softly but carries a big stick (DealBook)Thirty-six obvious investment truths (A Wealth of Common Sense)This tax-rule change could KO your retirement account (Investor’s Business Daily)(Read Barry Ritholtz’s full daily news roundup here.) Bloomberg GadflyIntel wins a battle, but the war goes onCSX disruptions weren't as overplayed as advertisedWe may soon learn just how flexible Scott Gottlieb's FDA is(Read more from BV’s sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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