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?
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
Newmark’s Door (Craig Newmark)
If 10 or eveb 20% of the students complain, I would probably be inclined to ignore them.
But more than 90%? I would think something was wrong.
But can he block a 350-pound nose tackle?
Some NFL players spend their offseason working out. Others travel around the world. Baltimore Ravens offensive lineman John Urschel has done both while also getting an article published in a math journal.
Urschel, the Ravensâ€™ 2014 fifth-round pick ...
Daron Acemoglu and James Robinson write, in effect, "Not necessarily."
(And guess what? Innovation seems to respond to incentives. Who knew?)
Oh, I just bet they do.
With this information I hadn't known:
But these explanations donâ€™t help us explain political differences among Jews across countries or over time. American Jews share a religious tradition, historical inheritance, and minority status with most Jewish communities around the globe â€” and yet only Jews in the United ...
George Leef nicely makes the case for the 1971 Griggs v. Duke Power decision as the root of the problem.
But it would be nice if there were a test of this. I haven't seen one.
I certainly agree with Mr. Greenspun's last paragraph: the opportunity cost of college is often underemphasized, even neglected.
But this is too strong:
Economists, who get paid to teach at colleges, experiment with ways to get more young people from poorer-than-average families to become customers of colleges. Nobody ...
Matthew Continetti does a superb job hammering James Wolcott and by extension all those who so fear and complain about the "very rich". Just terrific.
The character that emerges from McLeanâ€™s description of Hobson, I hasten to add, is sympathetic and winning. She was not born to ...
"So you have this current generation of young executives, and they're not particularly interested in walking around slowly."