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}A daily digest of opinions and analysisAn Economy of Facts and an Economy of FeelsIt’s one of the stranger stories of 2017: Consumers and CEOs say America’s future looks bright, but they’re behaving in ways that suggest just the opposite. Noah Smith says partisan leanings could help explain why soft measures of sentiment have diverged from hard economic data.Why Cash Remains King in the Digital AgeEven in a world of credit cards and payment apps, a fistful of banknotes never goes out of style — or at least, that’s what new research seems to indicate. Some economists are puzzled, but for Leonid Bershidsky, it all comes down to the emotional pull of paper money. Three Cheers for Barbers’ Licenses! Economists have long grumbled about occupational licensing (who really needs a florist credential?), but researchers are starting to see a silver lining. Justin Fox explains why imposing requirements on certain kinds of work could actually create better deals for consumers.Hot Rhetoric Is OK for Liberals, and for MeWhen Ramesh Ponnuru wrote a book calling Democrats “the party of death,” they howled. Now they’re saying the same thing about Republican health care. It would be easy to charge hypocrisy, but Ponnuru isn’t interested; instead, he sees a lesson in speaking hard truths. 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 ReadsWhat Brexit-watchers expect now (Bloomberg)How a 36-year-old Wall Street prodigy saved Burger King (Business Insider)Stock picking is dying because there are no more stocks to pick (Wall Street Journal)(Read Barry Ritholtz’s full daily news roundup here.)Bloomberg GadflyA very Italian bailoutEmerson’s risky M&A businessSometimes you just need an activist(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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