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”


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 ...


August 7, 2015, 11:03 am, 1523959
Please send any input as we take early steps toward planning a possible future second edition of Food Policy in the United States: An Introduction (Routledge/Earthscan, 2013).
What topics would you like to see enhanced?What new topics would you like to see introduced?What current material should be corrected or clarified?Where ...


July 5, 2015, 1:03 am, 1502553
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 ...


July 5, 2015, 1:03 am, 1502552
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 ...


July 5, 2015, 1:03 am, 1502551
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 


July 5, 2015, 1:03 am, 1502550
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 ...


July 5, 2015, 1:03 am, 1502549
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 ...