Economics Roundtable

May 2014 Payroll Employment

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

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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?

Click on the chart for a larger version.


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”

October 6, 2015, 3:03 pm, 1554011
Agriculture Secretary Tom Vilsack and Health and Human Services Secretary Sylvia Mathews Burwell issued a joint statement this afternoon, which appears to say that sustainability issues will not be considered in the 2015 Dietary Guide lines for Americans (DGA).

In terms of the 2015 Dietary Guidelines for Americans (DGAs), ...

October 1, 2015, 3:03 pm, 1551954
In a commentary today for the journal Science, several colleagues and I explain why we think it is fine to include considerations of environmental sustainability within the scope of the U.S. Dietary Guidelines for Americans (DGA).

The challenge is how to produce the most healthful foods in a ...

September 26, 2015, 1:03 pm, 1549611
The British Medical Journal (BMJ) this week published an article/editorial by journalist Nina Teicholz blasting the Dietary Guidelines Advisory Committee (DGAC) for recommending diets with less saturated fat, red meat, and salt. In it, Teicholz offers a powerful stew of selective scientific evidence and blistering attacks on the integrity ...

September 22, 2015, 11:03 am, 1547465
Let's have a little fun with a major beverage manufacturer's website that allows you to order soda bottles with vanity names printed on them.

September 9, 2015, 5:03 pm, 1541447
The U.S. Department of Agriculture today reported that the rate of household food insecurity in 2014 was 14%, still far higher than historical averages and a sign that robust economic recovery has not yet reached low-income Americans.

For Politico's Agenda today, I reflected on the role of ...

September 8, 2015, 9:03 am, 1540443
Here is a forlorn too-boring-to-notice list of quiet positions on recent Genetically Modified Organism (GMO) controversies.

1. I never say "GMOs are safe."

Not all GMO traits are safe. The most widely-used GMO trait in American agriculture is the "Roundup Ready" or "glyphosate-resistance" trait, which allows farmers to ...

September 3, 2015, 11:03 am, 1538693
Attorney and advocate Michele Simon yesterday posted a remarkable story based on emails from the egg checkoff program, acquired through a Freedom of Information Act (FOIA) request.

The emails describe the egg board's campaign against "Just Mayo," a vegetarian alternative to mayonnaise that may not meet the federal ...

August 31, 2015, 9:03 am, 1536606
Danny Vinik in Politico's Agenda today:

Pork hasn't been "the other white meat" for years—after a 24-year run as the centerpiece of billboards and the butt of jokes, the slogan was retired in 2011 and replaced with "Pork: Be Inspired," a logo you might have seen on the ...

August 18, 2015, 1:03 pm, 1530318
Each year, USDA's Agricultural Marketing Service (AMS) sends an official Report to Congress summarizing the activities of the dairy checkoff program. Through this program, milk and dairy producers must pay a mandatory assessment -- like a tax -- to semi-public federal checkoff boards that use the funds for advertising and ...

August 17, 2015, 7:03 pm, 1529840
In a setback for the federal "checkoff" generic advertising and promotion program for pork, the U.S. Court of Appeals for the District of Columbia on August 14 revived a lawsuit (.pdf) brought by Iowa pork farmer Harvey Dillenburg and the Humane Society of the United States (HSUS).

Dillenburg ...