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}A daily digest of opinions and analysisThe Fed Holds Steady. Will Inflation Do The Same?The central bank is pressing on with its rate-hike plan, the Fed announced yesterday, despite persistently low inflation that Janet Yellen described as a “mystery.” Daniel Moss examines why officials are giving the economy at least a little more time to reveal its secrets. How Health Care Would Change If Graham-Cassidy PassesThe Republicans’ latest last-ditch effort to repeal and replace Obamacare probably won’t pass before the critical Sept. 30 deadline. But what would happen if it did? Megan McArdle says it might give Democrats reason to celebrate, shifting power from Washington to blue states as well as red, and energizing liberals in down-ballot races. But Albert R. Hunt has a grimmer prediction, saying that Graham-Cassidy wouldn’t just be a transfer of resources, but an attack on America’s most vulnerable.When College Endowments Learned to Love RiskThis week, Harvard is moping about its “disappointing” 8 percent investment return. Blame George McBundy. Stephen Mihm explains how a handful of academics a half-century ago launched a remarkably successful campaign to transform how universities manage their money.Facebook’s Harm Is Taking Life Out of ContextWhat once seemed like a social problem is becoming a civic one as well — and it may even be hazardous to your mental health. Tyler Cowen sketches a new framework for interpreting the mounting evidence something is wrong with social media.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 ReadsMyths, markets and easy money (Bilello)Capitalism and democracy — the odd couple (Financial Times)Audi takes lead in automated driving, but others wary to follow (Reuters)(Read Barry Ritholtz’s full daily news roundup here.) Bloomberg GadflyBitcoin isn’t crazy enough yetWhen a half-deal is better than no dealU.S. stock records are nice, but pale against the rest of the world(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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