Database Maintenance 7/4/15
Routine database maintenance will induce some duplicated items for the next day or two.
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”
…. is based on this paragraph from Jonah Goldberg’s article in National Review “Huckabee’s Hitler Comparison That Wasn’t“:
Barack Obama, Hillary Clinton, and John Kerry don’t take the Iranians at their word when they say they want to kill Jews, no matter how ...
From the New York Times editorial “The Right Minimum Wage: $0.00“:
There’s a virtual consensus among economists that the minimum wage is an idea whose time has passed. Raising the minimum wage by a substantial amount would price working poor people out of the job market. A far better way ...
Tomorrow is Milton Friedman’s birthday — he was born on July 31 in 1912 and would have been 103 years old tomorrow. Unfortunately, Milton died on November 16, 2006 when he was 94 years old. In an editorial in the ...
1. Chart of the Day I (above). The Census Bureau reported this morning that the US homeownership rate fell to 48-year low of 63.4% in Q2, the lowest level since Q1 1967. Thanks to a political obsession with homeownership, fueled by lower ...
Let’s compare and contrast two viewpoints on Uber and see what that tells us about one’s trust of market forces vs. trust of government force.
1. From Steve Horwitz’s article in The Freeman “Uber Solves the Fundamental Problem of the Marketplace (Or, Turning Strangers into ‘Honorary Kin’)“:
As an economic innovation, ...
A new milestone must have been established recently – we’re now officially in a new era of the $400 new college textbook and the $300 used college textbook, see graphic above showing the top 15 most expensive textbooks at the University of Michigan-Flint ...
…. is from Mark Thornton’s article “Doomsayers Doomed in Washington State Marijuana Debate,” based on this new study from the Drug Policy Alliance “Marijuana Legalization in Washington After 1 Year of Retail Sales and 2.5 Years of Legal Possession“:
In contrast to the prohibitionist propaganda messages, legalization [of weeds ...
About a year ago, I reported on the tragic story of Baby Bou Bou, the 2-year old victim of a botched SWAT drug raid in Georgia that was conducted based on a search and arrest warrants obtained with false information. See CD posts: 1) America, here’s your Drug War: SWAT ...
Take a quiz here and find out.
The post 2016 presidential election: How do your beliefs align with the potential candidates? appeared first on AEI.
1. Chart of the Day I (above). Old oil drilling (jelly donut) vs. new oil drilling (tiramisu), explained here in the Forbes article “U.S. Winning Oil War Against Saudi Arabia“:
Drilling into conventional sources is like sticking a straw in a jelly donut ...