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.
"Small steps toward a much better world”
Heinz D. Kurz, Economic Thought: A Brief History.
Margaret Guroff, The Mechanical Horse: How the Bicycle Shaped American Life.
Ray Fisman and Tim Sullivan, The Inner Lives of Markets: How People Shape Them — and They Shape Us.
Rana Foroohar, Makers and Takers: The ...
Global Fishing Watch is the product of a technology partnership between SkyTruth, Oceana, and Google that is designed to show all of the trackable fishing activity ...
If I were writing a piece advocating Universal Basic Income, I would not call it “Why Free Money Beats Bullshit Jobs.”
That is from Rutger Bregman, though please note he may not have chosen the title. I believe such a title would not appeal to the people who ...
In our latest national political survey, released in March, 59% of the public say immigrants strengthen the country, while 33% describe them as a burden. In 1994, opinions were nearly the reverse: 63% said immigrants were a burden and 31% said they ...
Last month, De La Rue, the world’s largest currency maker, sent a letter to the central bank complaining that it was owed $71 million and would inform its shareholders if the money were not forthcoming. The letter was leaked to a Venezuelan news website and confirmed by Bloomberg News.
Since the Greek situation is heating up again, and not in good ways, I thought I would link to a recent interview I did. Here is one bit:
Asked about what has gone wrong with Greece’s bailouts, Professor Cowen commented that “the bailout programs were never going ...
In fact, over the years, Mr. Gross has consistently asked one question of prospective employees: What drives you?
The twist is that they must pick one of three answers: money, power or fame.
Strangely to him, no one has ...
Paul Frijters and Benno Torgler have a new six-page paper (pdf)on that topic, here is the abstract:
The current peer review system suffers from two key problems: promotion of an in-crowd whose methods, opinions and innovations it protects; and failure to represent the opinions and interests of non-peer ...