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”


December 8, 2014, 7:03 pm, 1385474
In my in-box are two new books on agricultural policy controversies, both written by agricultural economists. Both books seek, with partial but not complete success, to move beyond a certain fear of criticism, openly engaging readers who may have diverse public interest concerns and motivations.

First is Depolarizing Food ...


December 7, 2014, 7:03 pm, 1384791
To understand food policy in the United States, one must pay attention to Mexican and Central American farmworkers in this country, but also to farm labor in Mexico.

The Los Angeles Times today has started an article series and a remarkable video series on the Mexican workers who ...


December 3, 2014, 5:03 pm, 1382755
I am enjoying reading the new book-length coverage of local food systems in Food, Farms, and Community, by Lisa Chase and Vern Grubinger of the University of Vermont.

Food, Farms, and Community: Exploring Food Systems 


December 3, 2014, 9:03 am, 1381650
Many important debates in U.S. Food Policy turn on competing views about the global food prospect, especially the food situation in developing countries. For those who want to study this topic seriously, Routledge has just published the new third edition of the comprehensive textbook, The Economics of Agricultural Development: ...


December 3, 2014, 9:03 am, 1381651
As fizzy soda sales decline, top beverage manufacturers seek to convince children and parents that kids need sugary sports drinks to enhance athletic performance.

In truth, water is the best source of hydration for kids doing sports. Based on the balance of scientific evidence, the MyPlate text ...


December 3, 2014, 9:03 am, 1381648
The federal government last December allowed a patent (U.S. patent 8,609,158) for "Diane's Manna," a supplement that is ...

so potent that it removes or alleviates depression, mood disorders, Attention Disorder symptoms, thought disorder, mental illness, pain, right lip retardation symptoms, physical problems, Lymph Node cancer ...


December 3, 2014, 9:03 am, 1381649
Here's another one. This is a Google Trends report of online interest in "sodium" and "gluten", 2004 to the present. High sodium intake in the U.S. population increases the prevalence of high blood pressure and heart disease, which are leading killers in the United States. Yet, this topic is ...


December 3, 2014, 9:03 am, 1381647
The prevalence of household food insecurity in the United States remained above 14% in 2013, according to new data released today by USDA's Economic Research Service.

Here is the abstract to today's report:

An estimated 14.3 percent of American households were food insecure at least some time ...


December 3, 2014, 9:03 am, 1381629
U.S. school children with household incomes below 130% of the federal poverty guideline have long been eligible for free school lunch and breakfast, while those with slightly higher income but still below 185% of the poverty guideline are eligible for reduced-price lunch. With a new community eligibility provision, some districts ...


December 3, 2014, 9:03 am, 1381628
Tufts biology professor Benjamin Wolfe will speak about "The Secret Life of Cheese" tomorrow at the Friedman School's Wednesday seminar.

Wolfe's work with Rachel Dutton, published in the journal Cell, was summarized earlier this year in Wired. The article discusses the remarkable connection between microbes in ...