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”

July 2, 2014, 11:03 pm, 1295098
I have this strange vision of a hundred planets lining up in the aisle of a church for the televangelist to push their foreheads and pronounce them "saved."
Grazing cows can save the planet (according to Mercola recently, which provoked this blog post).Vegetarianism can save the planet.Fruits ...

July 2, 2014, 11:03 pm, 1295099
Some environmentalists are rethinking their opposition to genetically modified organisms (GMOs). That's terrific. The line between GMOs and non-GMOs always was the wrong way to describe the problem our food system faces.

The best road forward for environmentalists and sustainable food thinkers is to end the monopoly that the ...

July 2, 2014, 11:03 pm, 1295100
At the Washington Monthly, Siddhartha Mahanta describes the unusual coalition of animal welfare and conservative groups opposed to the federal government's semi-public beef checkoff program:

With liberals and conservatives for once in agreement, it’s time to have a barbeque. Big Beef subsidies. It’s what’s for dinner.

This blog's previous ...

July 2, 2014, 11:03 pm, 1295101
[An excerpt from Chapter 8 in Food Policy in the United States: An Introduction (Routledge/Earthscan, 2013).]

It is sometimes said that there is no need for a government role in dietary guidance, because people know how to eat well and ...

July 2, 2014, 11:03 pm, 1295097
The Farm Bill conference committee report, released today, includes $800 million per year in cuts to the Supplemental Nutrition Assistance Program (SNAP), the nation's largest anti-hunger program.

The conference report likely puts to rest several years of debate between the Republican-controlled House of Representatives, which sought much steeper ...

July 2, 2014, 11:03 pm, 1295096
Dan Glickman, Gary Hirshberg, Jim Moseley, and Emmy Simmons are the four co-chairs of the highly bi-partisan and cross-sectoral AGree initiative. Their joint op-ed in Roll Call today recognizes several good features of the Farm Bill, but ...

But the legislative effort should have yielded so much ...

July 2, 2014, 11:03 pm, 1295093
"Just Mayo" from Hampton Creek is a vegetable oil spread offering a new vegan egg-free alternative to traditional mayonnaise. For people who follow food policy, it generates a pile of interesting things to think about, including: (1) food industry innovation, (2) nutrition content, (3) food labeling for people who ...

July 2, 2014, 11:03 pm, 1295094
USDA's Agricultural Research Service (ARS) today released a new report on the role of pizza in American diets. ARS researcher Donna Rhodes and colleagues found that an astonishing 13% of the U.S. population consumed pizza on any given day, based on the most recent years of the National Health ...

July 2, 2014, 11:03 pm, 1295095
The U.S. Bureau of Economic Analysis (BEA) recently (in December 2013) announced the once-every-five-years release of benchmark national input-output accounts, showing how resources flow from one industry to the next in the U.S. economy.

For people interested in the economics of the food system, some graduate students and ...

July 2, 2014, 11:03 pm, 1295092
A new report from USDA's Economic Research Service finds:

In the United States, 31 percent—or 133 billion pounds—of the 430 billion pounds of the available food supply at the retail and consumer levels in 2010 went uneaten. The estimated value of this food loss was $161.6 billion ...