May 2014 Payroll Employment
After 76 months, we finally got back to the prerecession level of payroll employment.
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 .
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.
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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Carpe Diem (Mark J. Perry)
"Mark J. Perry’s Blog for Economics and Finance”
On the White House blog, Ann Arbor-based Zingerman’s Deli co-owner Paul Saginaw extols the virtues of raising the minimum wage, here’s an excerpt of his post titled “A Small Business Owner’s Perspective: ‘A High Road on the ...
…. is from Alex Epstein’s forthcoming book “The Moral Case for Fossil Fuels“:
The cheap, plentiful, reliable energy we get from fossil fuels, combined with human ingenuity, gives us the ability to transform the world around us into a place that is far safer from any health hazards (man-made or ...
The chart above shows a most amazing economic phenomenon: Since December 2007 when the Great Recession started, Texas civilian employment has increased by 12% and by more than 1.32 million jobs, from just over 11 million jobs in December 2007 to 12.32 million in September of this year (see blue ...
…. is from the introduction of Radley Balko’s book Rise of the Warrior Cop: The Militarization of America’s Police Forces:
How did we evolve from a country whose founding statesmen were adamant about the dangers of armed, standing government forces — a country that enshrined the Fourth Amendment in ...
From a New York Times editorial on October 18 “A Rate Cap for All Consumers“:
Poor and working-class people across the country are being driven into poverty and default by deceptively packaged, usuriously priced loans. The obvious solution is a national standard for consumer lending. Both the House and ...
The chart above shows the history of market quotes for the Iowa Electronic Markets contract “2014 Senate Control Market” back to January 2013. Between January and June 2013, the odds for the Democrats to lose control of the Senate ...
Assuming that only 12% of campus sexual assaults at OSU are reported.
In May, I wrote a CD ...
Over the last six months, retail gas prices in the US have fallen by 62 cents, from $3.71 per gallon in late April to $3.09 per gallon currently, according to GasBuddy.com (see blue line in chart above). That’s almost ...
1. In the video above, Milton Friedman explains how the essential notion of a capitalist society is voluntary cooperation and voluntary exchange, and the essential notion of a socialist society is fundamentally force.
2. In the video above, learn how the ...