Economics Roundtable

Technical Problems 3/9/15

The website was down several hours today, but is back up now.


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 .


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.


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The Classic Economic Models cover micro, macro, and financial markets.


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TaxVox

Tax Policy Center:  Urban Institute and Brookings Institution


May 28, 2015, 12:35 pm, 1481965

The magic number for today is 16. That is, remarkably, the number of times Congress has extended the allegedly temporary research and experimentation tax credit since it was first enacted in 1981.  The question for philosophy class (this is far beyond economics) is this: Can something that has been extended ...


May 27, 2015, 6:35 pm, 1481483

GOP Presidential candidate Mike Huckabee recently got into a spirited debate with Fox News anchor Chris Wallace about Huckabee’s  proposal to replace all federal taxes with a national retail sales tax, called the FairTax by its supporters.  Wallace pointed out that low-income people spend a much larger share of their ...


May 27, 2015, 4:35 pm, 1481406

Redesign the EITC to help more low-income workers. TPC’s Elaine Maag thinks that’s the way to go. She explains in her new paper: “A worker credit based on individual earnings, and not contingent on having children at home, could provide substantial benefits to all low-income workers, ease administration for the IRS, and ...


May 27, 2015, 4:35 pm, 1481405

Congress will be in recess next week. The Daily Deduction will post on Tuesday, May 26, 2015, after Memorial Day, and will return to its regular schedule on Monday, June 1.

Wisconsin’s GOP: Tax bikes to pay for bike paths, use tax dollars to expand private schools. Presidential hopeful Governor Scott ...


May 27, 2015, 4:35 pm, 1481404

Congress is in recess this week. The Daily Deduction will return to its regular schedule on Monday, June 1.

Congress delays a highway bill for two more months. Just before leaving town for its Memorial Day recess, and with no funding solution in the tank, Congress extended spending authority until the ...


May 27, 2015, 4:35 pm, 1481402

GOP Presidential candidate Mike Huckabee recently got into a spirited debate with Fox News anchor Chris Wallace about Huckabee’s  proposal to replace all federal taxes with a national retail sales tax, called the FairTax by its supporters.  Wallace pointed out that low-income people spend a much larger share of their ...


May 27, 2015, 4:35 pm, 1481403

It is easy to mock Senator Marco Rubio, who cashed out $68,241 in IRA retirement funds last September. The GOP presidential hopeful, who made about $230,000 last year, told Fox News he needed the dough to prepare for his campaign, buy a new $3,000 refrigerator, and fix his busted a/c. ...


May 26, 2015, 10:35 am, 1480434

It is easy to mock Senator Marco Rubio, who cashed out $68,241 in IRA retirement funds last September. The GOP presidential hopeful, who made about $230,000 last year, told Fox News he needed the dough to prepare for his campaign, buy a new $3,000 refrigerator, and fix his busted a/c. ...


May 26, 2015, 8:35 am, 1480352

Congress is in recess this week. The Daily Deduction will return to its regular schedule on Monday, June 1.

Congress delays a highway bill for two more months. Just before leaving town for its Memorial Day recess, and with no funding solution in the tank, Congress extended spending authority until the ...


May 22, 2015, 8:35 am, 1478935

Congress will be in recess next week. The Daily Deduction will post on Tuesday, May 26, 2015, after Memorial Day, and will return to its regular schedule on Monday, June 1.

Wisconsin’s GOP: Tax bikes to pay for bike paths, use tax dollars to expand private schools. Presidential hopeful Governor Scott ...