Subject: The Austerity Backlash
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Thu, 23 Jun 2016 05:01:22 -0400 (EDT)

Share The View            a:visited {         color: #00b9e7;       }       a:hover {         text-decoration: underline !important;       }       a:hover#logo {         text-decoration: none !important;       }       @media only screen and (max-device-width: 480px) {         a[id=logo] {           font-size: 34px !important;         }         body {           width: 100% !important;         }         table {           width: 100% !important;         }       }       @media only screen and (min-device-width: 320px) and (max-device-width: 568px) {         html {           -webkit-text-size-adjust: auto;         }         td[id=content] {           font-size: 18px !important;         }         body {           width: 100% !important;         }         table {           width: 100% !important;         }       }                                                                                                        Share The View                                                     The Latest Opinions From Bloomberg View                                                                                                                                                              Jun 23, 2016                                                     bloomberg.com/view                                                                                                   The Myth of Austerity and Growth
Economists used to recommend belt-tightening for countries in financial distress. Not anymore. Noah Smith explains why the IMF and others are re-evaluating the once-reigning philosophy.
Obama Wants to Stop Subsidizing Israel's Defense Industry
Israel is the only country allowed to direct U.S. military aid to its own industry -- all other countries follow strict "Buy American" rules -- but officials say President Barack Obama wants to make a change. Eli Lake says there's a smart way for Jerusalem to go along with that, and a not-so-smart way.
Paying Candidates to Drop Out? That Should Be Legal
Donald Trump would leave the race for $150 million, a former adviser told Politico (although the candidate himself disputes that claim). That got Stephen Carter thinking: It's a crime to bribe politicians, but in this case, maybe it shouldn't be. 
Trump's Economic Advisers Get the Financial Crisis Wrong
No, lending to poor people didn't cause the housing meltdown. Barry Ritholtz demolishes an old myth that's resurfacing once more on the right.
Noah's Ark Wants a Tax Break
Can a Christian-themed amusement park receive state subsidies without violating the First Amendment? Noah Feldman delves into the thorny issues raised by a Creationist fun zone in Kentucky. 
Ritholtz's Reads

The real risk in the market is staying out of it (Washington Post)
Hedge fund fee structure consumes 80 percent of alpha (AllAboutAlpha)
Why Chicago is flourishing and dying at the same time (Crain's Chicago)

(Read Barry Ritholtz's full daily news roundup.)
Bloomberg Gadfly 

Obamacare repreive won't cure biotech's anxiety
Instragram is growing fast, and so's the risk of ad overload
After PayPal, StubHub may be eBay's next ticket to ride, 

(Read more from BV's sister site for fast business commentary.)                                                                                                                                                                                                                                                               For more information, email [email-masked].                                                     For media inquiries, contact Jill Watanabe at +1-212-617-1610 or [email-masked].                                                                                                                                                              You received this message because you signed up for Bloomberg View newsletters.                                                                                   bloomberg.com/view | 731 Lexington Avenue, New York, NY 10022 | Contact Us | Unsubscribe                   <a href="http://link.mail.bloombergview.com/click/6998908.22075/aHR0cDovL3d3dy5tYWlsLmJsb29tYmVyZ3ZpZXcuY29tIg/55086a4c3b35d051538c37ccBfc1ca5b3><img src="http://link.mail.bloombergview.com/img/55086a4c3b35d051538c37cc460e4.h17/5ab93883.gif" alt="" border="0" /></a>                                                                             

If you believe this has been sent to you in error, please click <http://link.mail.bloombergview.com/oc/55086a4c3b35d051538c37cc460e4.h17/9375615c> to safely unsubscrib