Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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Jobs

The best summary of the state of our economy is the graph (below) of employment as a fraction of population for people over 16 years old. The decrease is large, but the most troubling feature of the graph is the flat trend .


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Graph-of-the-Year Candidates

Donald Marron likes European interest rates. Click on the image to get a bigger version. Can you find three distinct subperiods?

Brad DeLong favors the U.S. gdp gap.


Remember M1?

Money Supply M1 growth is now over 20% per year over a 12 month lag. M1 growth has touched 20% before, but not with excess reserves of $1.6 trillion. Where is M1 headed?


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EconModel

The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.


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U.S. Food Policy (Parke Wilde)

"U.S. Food Policy and Economics from a Public Interest Perspective”


January 19, 2017, 5:03 pm, 1711995
In a new report for the American Enterprise Institute (AEI), Dan Sumner, Joe Glauber, and I consider all the different ways that farm programs could affect prices or incomes, which in turn could affect poverty and nutrition for low-income Americans. We conclude:

Despite occasional claims to the contrary, ...


January 16, 2017, 9:03 pm, 1711004
An old debate

First, let me review the harsh back and forth in a somewhat typical week of debate about sugar sweetened beverages (SSBs) in the Supplemental Nutrition Assistance Program (SNAP).

The New York Times this week published anarticle about "lots of soda" in the shopping carts ...


January 16, 2017, 7:03 pm, 1710994

Today, Martin Luther King Day 2017, feels like a good day to list some of my favorite places in Rep. John Lewis' 5th Congressional District in Georgia, from a visit one year ago, in January, 2016, which I will long remember:


December 22, 2016, 11:03 am, 1704818
Governor Scott Walker (R-WI) this week urged President-elect Donald Trump to allow Wisconsin to implement drug testing for participants in the Supplemental Nutrition Assistance Program (SNAP), the nation's leading anti-hunger program and the largest program in the U.S. Department of Agriculture (USDA).

One could argue that this is ...


December 15, 2016, 3:03 pm, 1702952
Choices Magazine, a publication of the Agricultural and Applied Economics Association (AAEA), has my new commentary: "The Nutrition Title’s Long, Sometimes Strained, but Not Yet Broken, Marriage with the Farm Bill."
It describes the divergent budgetary forecasts for two major safety net programs, with falling spending for the ...


October 29, 2016, 11:03 am, 1688140
Multiple social media friends recently shared a fall 2015 chart from an organization called "The Other 98%" (slogans: "kicking corporate asses for the working classes" and "we didn't start the class war, but we're going to end it").

I like the chart's implied message. In my own words: ...


October 20, 2016, 11:03 am, 1685255
In a commentary for WBUR this week, my faculty colleagues Will Masters and Jennifer Hashley write about Massachusetts Ballot Measure #3, which would ban the sale in Massachusetts of eggs, pork, and veal from confined production methods.

This debate is commonly described as a tension between animal welfare ...


October 17, 2016, 1:03 pm, 1684274
In Biting the Hands that Feed Us(Island Press, 2016), food lawyer Baylen Linnekin offers a libertarian appeal for reduced food regulations.

Like many such books, Linnekin reviews a long littany of well-meaning business people whose enterprises were thwarted by silly rules and regulations that fail to serve a ...


September 18, 2016, 11:03 pm, 1674071
by Ellen Messer
We lost two Pats in 2015. And I’m not talking about season-ending injuries to gigantic players on our favorite New England football team, but about two small heroes in Team America’s fight against hunger.

One, Patricia Kutzner, founded the World Hunger Education Service ...


September 18, 2016, 11:03 pm, 1674070
by Parke Wilde and Yue Huang
The U.S. Trade Representative this fall released the text of the proposed Trans-Pacific Partnership (TPP), a controversial trade agreement for the United States and other countries that border the Pacific Ocean.

Critics argue that the TPP will endanger U.S. food safety, ...