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.
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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The Classic Economic Models cover micro, macro, and financial markets.
To advocate, or even to tolerate, minimum wages set locally rather than nationally is to misunderstand not only ...
… is from pages 56 of Angus Deaton’s 2013 book, The Great Escape:
There is not a single country in the ...
… is from page 86 of University of London historian Frank Trentmann’s excellent 2008 book, Free Trade Nation: Commerce, Consumption, ...
… is from page 223 of the 5th edition (2015) of Thomas Sowell’s Basic Economics:
Just as businesses seek to have ...
In this earlier post I argued that if real-world hikes in the minimum wage were in fact ...
The only economic case for raising the minimum wage that is even potentially theoretically sound is the case built ...
In a note ...