Economics Roundtable

January 2014 Payroll Employment

We are getting closer to the previous peak.

Click on the image to get a bigger version.


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 .

Click on the image to get a bigger version.

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”

April 10, 2014, 1:03 pm, 1253732
Rep. Jim McGovern (D-MA) will give the keynote speech Friday April 11, 4pm, at a Tufts University conference titled "Food Stamps and Hunger in America."

The event is part of the annual "Issues of the Future" conference organized by Tufts Democrats. Rep. McGovern is a leading advocate in ...

April 8, 2014, 7:03 pm, 1252664
At Civil Eats yesterday, Aliza Wasserman explains the dilemma for the public interest entrepreneurs who are developing a fair trade banana market. The article describes a recent conference at Tufts University.

The most difficult question is whether fair trade bananas should come only from smallholders and cooperatives (preserving ...

April 7, 2014, 11:03 am, 1251803
I enjoyed this video for sharp writing, clarity of data presentation, and measured tone.

While still relying on economic markets for a thriving food economy, we nonetheless can expect our major grocery chains to do better on wages. No matter what one thinks of the proposed federal minimum wage ...

April 4, 2014, 1:03 pm, 1250943
Nobody understands better than farmers that immigrants to the United States are real people and hard workers, not a caricature.

When the leadership of the House of Representatives last year nearly failed to pass the farm programs, conservation programs, and nutrition programs in the farm bill, it showed that ...

April 3, 2014, 3:03 pm, 1250445
Leading fast food companies have pledged to follow specific advertising guidelines under the Children's Food and Beverage Advertising Initiative (CFBAI), a project of the Council of Better Business Bureaus (BBB).

These voluntary pledges remain quite weak. One leading recent summary of the case against these pledges comes from ...

March 31, 2014, 11:03 am, 1248470
Educators and school nutrition personnel in recent years have been discussing and debating the merits of serving breakfast in the classroom at the start of the school day, rather than in cafeterias. Participation is higher for breakfast in the classroom, leading to high hopes for increased impact on beneficial health ...

March 20, 2014, 11:03 am, 1243460
With support from the Obama administration, Congress is contemplating an increase in the minimum wage, in small annual steps to $10.10 per hour by 2016. After that, the minimum wage would rise automatically with inflation.

A group of several hundred economists signed a letter of support sponsored by ...

February 27, 2014, 3:03 pm, 1232569
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 ...

February 11, 2014, 5:03 pm, 1221553
Even the cranberries on Christmas tree chains have a U.S. food policy story to accompany them. I enjoyed speaking to David Gura for his Christmas EveMarketplace Morning Report story this morning:

The Congressional Cranberry Caucus -- yes, such a thing exists -- asked the Department of Agriculture to ...

February 11, 2014, 5:03 pm, 1221552
At Civil Eats, nutrition policy reformer Andy Bellatti included a kind word forFood Policy in the United States: An Introduction (Routledge/Earthscan) as part of his year-end review for 2013.

Let’s wrap up this look back at 2013 by remembering just a small selection ...