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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Democrats are already looking beyond ObamaCare’s slow-motion failure, and Colorado is showing where many want to go next: Premiums across the state are set to rise 20.4% on average next year, and some have concluded that the solution is more central planning and taxation. Voters will decide on Nov. ...
3. Antiprioritarianism (pdf), by Hilary Greaves.
4. Was the internet hack driven by commandeered Internet of Things? I cannot verify what is in ...
They cost $11 a piece and come in boxes of 5:
In an attempt to create a special snack to go with their high quality beer, Sweetish brewery St. Erik’s has created the world’s most expensive potato chips.
Apparently, St. Erik’s didn’t think Lays or Pringles chips were good enough to pair with ...
3. The economics of sugar in Egypt (NYT).
No, here is my latest Bloomberg column on that question. Here is one bit:
One criticism is that the tribunals could force governments to pay compensatory “takings” to foreign companies that incur costs as a result of safety or environmental regulations. But it has long been standard practice ...
…the most important technological change for the transportation of heavy goods in nineteenth-century India was not the arrival of the quick, expensive railway: it was the move from pack animals to carts pulled by two or four beasts in the first half of the century. This was the process ...
I’ll be interviewing Mark soon, at a private venue, no public event, but for eventual release in the Conversations with Tyler series. Here is a short bio of Mark. He is credited as being the founder of modern Southwestern cuisine, and he was the driving force behind ...
Japan’s Financial Services Agency is nearing a landmark decision on the status and securitisation of PokeCoins, the virtual currency used to breed rare monsters in the highly successful mobile game Pokémon Go.
The FSA, which has not formally disclosed when it will make its ruling, is debating the ...
1. The drone advertising wars have begun. In Mexico City, at least.
2. Claims about evolution, and one reason why people are getting taller.
4. “The way the students made decisions about drinking actually resembled ...
The primary reason Washington operators can dictate the terms of engagement with Washington journalists is that the true insiders are few and the journalists are many. In medium-sized towns, the power dynamic is reversed, as the number of journalists is very small and sources are many. This means journalists ...