Economics Roundtable
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.
Finally, it's hard to argue against the payroll employment graph below (straight from FRED) and the comparison across recessions (courtesy of Calculated Risk).
Looking Up At 2001
In February 2001, U.S. payroll employment peaked at 132.5 million. The November 2011 figure of 131.7 million still falls 800,000 jobs short of the earlier peak.
Click on the chart for a larger version.
November Payroll Employment
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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Newmark’s Door (Craig Newmark)
All from the most recent issue of New York magazine.
"How Much Does an A-List Actor Make . . . and Spend?" Interesting and something I'll bet you won't hear our president complain about:
Payments don't go to the actor (or producer) but to a personal corporation subject ...
Read John Cochrane's blog, "The Grumpy Economist". Here are two excellent recent entries:
"DeLong on Friedmans and Freedoms".
"A brief parable of over-differencing".
High school and college used to have a lot of advantages for finding a potential spouse. But since at the tonier schools a lot of kids don't date anymore, that advantage seems to have decreased. Very sad.
Makes a lot of sense to me and, apparently, to some New York City entrepreneurs. I wonder why there don't seem to be more one-trick-pony restaurants elsewhere.
Yes, indeed. Read a little about mandated vehicle inspections. Includes this:
As with most government regulations the poor are most negatively impacted. The well-to-do can afford better vehicles which require less maintenance, while the poor end up with thousands of dollars in repairs. Worst case, they drive on expired ...
It's not so much they don't "want to," of course, it's just that it would be so very, very difficult. Since almost everything they do affects almost every company in the U.S., a ban would mean that our distinguished servants probably wouldn't be able to sock their huge ...
Good question. One answer:
Why then would anyone buy an Illinois municipal bond, or accept a state contract that requires future payments, or move a business to the state, or keep a business in the state, or do anything else that required faith in the willingness or ...
Kinda. According to a new study by the nonprofit research group MDRC: "When the city [New York City] shutters large, bad schools and puts kids in smaller, specialized ones, graduation and college-readiness rates climb, and much of the racial-achievement gap vanishes."
The catch?
With this success so evident, ...