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?
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
Carpe Diem (Mark J. Perry)
"Mark J. Perry’s Blog for Economics and Finance”
Arthur Kling explains here why the term “sustainable capitalism” is redundant and why “environmental sustainability” is really “primitivism“:
Capitalism is inherently sustainable, relentlessly producing more human satisfaction using fewer resources. What environmentalists call “sustainability” ought to be called primitivism, producing less human satisfaction using more resources.
Writing in 2006, John Hood (former president of the John Locke Foundation) explains:
The Founding Fathers were bloggers.
Well, okay, let me rephrase that. Many of the Founders were the 18th-century equivalent of a certain category of modern-day bloggers – writers on political topics, typically using a pen name, who are ...
Writing in the Wall Street Journal on July 2, 2011, Walter Russell Mead shared an optimistic message that “The Future Still Belongs to America,” here’s an excerpt (emphasis added):
It is, the pundits keep telling us, a time of American decline, of a post-American world. The 21st century will belong ...
It doesn’t get any better than this – Ray Charles singing America the Beautiful in 1999 in the video above. Except maybe the 1991 version below with some guests including Stevie Wonder, Michael McDonald and Michael Bolton, and the duet version ...
From Conor Friedersdorf writing in The Atlantic about federal judge Nancy Gertner, who left the bench after 17 years, and compared the damage caused by drug prohibition to the destruction of cities in World War II in a speech she gave last Sunday at the ...
I reported yesterday that there is a gender pay gap at the White House, based on an analysis of White House salaries for 2015. That analysis revealed that the median pay for female staffers at the White House is $65,650 compared to ...
As required by Congress since 1995, the White House delivered it annual report to Congress today listing the title and salary of every White House employee. Here’s a link to the report and it also appears below as a searchable table (you ...
America, here’s your senseless, immoral, expensive and cruel Drug War….
1. The Department of Justice reported yesterday that a “Colombian Paramilitary Leader Was Sentenced to More Than 15 Years in Prison for International Drug Trafficking,” here are some details:
A senior paramilitary leader and one of Colombia’s most notorious drug traffickers ...
Steve Hayward pointed out recently that economist Thomas Sowell shares the same birthday as Frederic Bastiat – they were both born on June 30. To recognize Bastiat’s birthday I shared some of his quotes on CD earlier this week, and I’ll now ...
What now gets labeled feminism on [college] campuses,” says Northwestern University Professor Laura Kipnis, “has to do with dialing back a lot the progress women have made establishing ourselves as consenting adults.”
That was the main argument of an essay Kipnis published this past February ...