A weekly collection of links from the Conscience Warrior Newsfeed
NeoFisherism without rational expectations
David Andolfatto
The Psychology of Statistics
Jordan Ellenberg
A fascinating color-coded map of Africa's diversity
Max Fisher
In taking on cosmetologists - and other licensed professions - the White House may have picked a fight it can’t win
Lydia DePillis
Why Republicans are getting one of the most obvious things wrong
Matt O'Brien
Chris Christie's criticism of the Fed is self-contradictory
Matthew Yglesias
The new Republican orthodoxy on monetary policy could be political suicide
Timothy B. Lee
Should soldiers’ votes get counted? That’s not as easy as you’d think.
Donald S. Inbody
Is the PPI going crazy?
The FRED Blog
Stephen Colbert wants to give angry Christians the Starbucks cup they deserve
Alex Abad-Santos
28 November 2015
21 November 2015
Links of the Week - 20 November 2015
A weekly collection of links from the Conscience Warrior Newsfeed
Evolution and the Electorate
Jonathan Wight
5 things you should know about the Republican welfare state
Christopher Faricy
“Free stuff:” the hypocrisy of a growing campaign theme
Jared Bernstein
What Ralph Nader and Ben Carson don't get about interest rates
Timothy B. Lee
America may be in a reinforcing feedback loop of growing inequality and Republican rule
Lee Drutman
The 10 deadliest interstates in America, mapped
Sarah Frostenson
Every term the Census has used to describe America’s racial and ethnic groups since 1790
Laris Karklis and Emily Badger
This is the real unemployment rate
Evolution and the Electorate
Jonathan Wight
5 things you should know about the Republican welfare state
Christopher Faricy
“Free stuff:” the hypocrisy of a growing campaign theme
Jared Bernstein
What Ralph Nader and Ben Carson don't get about interest rates
Timothy B. Lee
America may be in a reinforcing feedback loop of growing inequality and Republican rule
Lee Drutman
The 10 deadliest interstates in America, mapped
Sarah Frostenson
Every term the Census has used to describe America’s racial and ethnic groups since 1790
Laris Karklis and Emily Badger
This is the real unemployment rate
Edward Lazear
14 November 2015
Links of the Week - 13 November 2015
A weekly collection of links from the Conscience Warrior Newsfeed
The risk that America will default on its debts is now higher than ever
Paul Waldman
The GOP has a new Speaker, but he's stuck with the same doomed strategy
Matthew Yglesias
Why the GOP Won’t Like Any Honest Debate Moderators
Jamelle Bouie
This critique of the Fed isn’t backed by logic nor evidence
Larry Summers
Ted Cruz is wrong about inflation
Timothy B. Lee
Bernanke’s Biggest Blunder
Eric Posner
The Phillips curve after the Great Recession
The FRED Blog
Bernie Sanders has a pretty revolutionary idea to change America’s post offices
Max Ehrenfreund
This Kardashian headline shows why two Nobel winners say the economy is broken
Jeff Guo
Why Republicans like Ben Carson love comparing abortion to slavery
Emily Crockett
The risk that America will default on its debts is now higher than ever
Paul Waldman
The GOP has a new Speaker, but he's stuck with the same doomed strategy
Matthew Yglesias
Why the GOP Won’t Like Any Honest Debate Moderators
Jamelle Bouie
This critique of the Fed isn’t backed by logic nor evidence
Larry Summers
Ted Cruz is wrong about inflation
Timothy B. Lee
Bernanke’s Biggest Blunder
Eric Posner
The Phillips curve after the Great Recession
The FRED Blog
Bernie Sanders has a pretty revolutionary idea to change America’s post offices
Max Ehrenfreund
This Kardashian headline shows why two Nobel winners say the economy is broken
Jeff Guo
Why Republicans like Ben Carson love comparing abortion to slavery
Emily Crockett
07 November 2015
Links of the Week - 6 November 2015
A weekly collection of links from the Conscience Warrior Newsfeed
On Gun Laws, We Must Get the History Right
Priya Satia
A brief history of VPs trying (and mostly failing) to be president
Alvin Chang
2 economists imagined a financial crisis without stimulus or bailouts. It’s … ugly.
Dylan Matthews
A shocking amount of conservative politics is a multilevel marketing scam
Matthew Yglesias
Scam They Am
Paul Krugman
Why Janet Yellen should ignore the experts and listen to this naive farmer
Timothy B. Lee
Is there a rebellion at the Federal Reserve?
Matt O'Brien
College textbooks are a racket
On Gun Laws, We Must Get the History Right
Priya Satia
A brief history of VPs trying (and mostly failing) to be president
Alvin Chang
2 economists imagined a financial crisis without stimulus or bailouts. It’s … ugly.
Dylan Matthews
A shocking amount of conservative politics is a multilevel marketing scam
Matthew Yglesias
Scam They Am
Paul Krugman
Why Janet Yellen should ignore the experts and listen to this naive farmer
Timothy B. Lee
Is there a rebellion at the Federal Reserve?
Matt O'Brien
College textbooks are a racket
Henry Farrell
Paul Ryan isn’t a hypocrite on family time
Jim Tankersley
A Barney Frank Documentary Shows How Soul-Destroying the Closet Can Be
June Thomas
Jim Tankersley
A Barney Frank Documentary Shows How Soul-Destroying the Closet Can Be
June Thomas
31 October 2015
Links of the Week - 30 October 2015
A weekly collection of links from the Conscience Warrior Newsfeed
Everett Dirksen Doesn’t Live Here Anymore
Paul Krugman
This video has a chilling start, but it makes a great point about the 2nd Amendment
German Lopez
Watch the spread of million-dollar homes consume a city
Emily Badger
How official mapmakers keep up with a world that won’t stand still
Emily Badger
Ben Carson perfectly explains the Republican position on guns
Paul Waldman
Presidential inflation beauty contest
The FRED Blog
I thought people should shop more for health care. Then I actually tried it.
Sarah Kliff
Why We Should Be Talking About Russell Simmons’ RushCard Fiasco
Jamelle Bouie
Sorry Airbnb, you don’t get a gold star for paying your taxes
Emily Badger
More Artificial Unintelligence
Paul Krugman
Everett Dirksen Doesn’t Live Here Anymore
Paul Krugman
This video has a chilling start, but it makes a great point about the 2nd Amendment
German Lopez
Watch the spread of million-dollar homes consume a city
Emily Badger
How official mapmakers keep up with a world that won’t stand still
Emily Badger
Ben Carson perfectly explains the Republican position on guns
Paul Waldman
Presidential inflation beauty contest
The FRED Blog
I thought people should shop more for health care. Then I actually tried it.
Sarah Kliff
Why We Should Be Talking About Russell Simmons’ RushCard Fiasco
Jamelle Bouie
Sorry Airbnb, you don’t get a gold star for paying your taxes
Emily Badger
More Artificial Unintelligence
Paul Krugman
24 October 2015
Links of the Week - 23 October 2015
A weekly collection of links from the Conscience Warrior Newsfeed
There is no such thing as a city that has run out of room
Emily Badger
A quick puzzle to tell whether you know what people are thinking
Kevin Schaul
There is no such thing as a city that has run out of room
Emily Badger
A quick puzzle to tell whether you know what people are thinking
Kevin Schaul
Yes, the CIA Director Was Part of the JFK Assassination Cover-Up
Philip Shenon
Why we should politicize mass shootings
German Lopez
What journalists, weather forecasters, and Han Solo get wrong about probability
Ezra Klein
The most important paragraph in Ben Bernanke's new book
Matthew Yglesias
And just like that, Boehner's back?
John Patty
House Republicans should elect Mitt Romney speaker. No, really.
Ezra Klein
The Northern Arizona University shooting shows why more guns lead to more gun deaths
German Lopez
The 2015 Nobel Prize for Economics winner, Angus Deaton, explained
Matthew Yglesias
Philip Shenon
Why we should politicize mass shootings
German Lopez
What journalists, weather forecasters, and Han Solo get wrong about probability
Ezra Klein
The most important paragraph in Ben Bernanke's new book
Matthew Yglesias
And just like that, Boehner's back?
John Patty
House Republicans should elect Mitt Romney speaker. No, really.
Ezra Klein
The Northern Arizona University shooting shows why more guns lead to more gun deaths
German Lopez
The 2015 Nobel Prize for Economics winner, Angus Deaton, explained
Matthew Yglesias
17 October 2015
Links of the Week - 16 October 2015
A weekly collection of links from the Conscience Warrior Newsfeed
The hidden messages in Janet Yellen’s big speech
Yian Q. Mui
Zero intolerance
David Andolfatto
Time aggregation in FRED
The FRED Blog
Are bigotry and lies exactly what the Republican electorate wants?
Paul Waldman
Why it’s hard to legislate good corporate behavior
Lydia DePillis
Which measures of inflation are relevant for policy?
The FRED Blog
Slavery Myths Debunked
Jamelle Bouie and Rebecca Onion
And now let us remember the worst economic prediction ever
Matt O'Brien
America's Most Notorious Coal Baron Goes on Trial This Week. Here's the Epic Tale of His Rise and Fall
Tim Murphy
Want to get American gun violence to European levels? Then you need to confiscate guns.
Dylan Matthews
The hidden messages in Janet Yellen’s big speech
Yian Q. Mui
Zero intolerance
David Andolfatto
Time aggregation in FRED
The FRED Blog
Are bigotry and lies exactly what the Republican electorate wants?
Paul Waldman
Why it’s hard to legislate good corporate behavior
Lydia DePillis
Which measures of inflation are relevant for policy?
The FRED Blog
Slavery Myths Debunked
Jamelle Bouie and Rebecca Onion
And now let us remember the worst economic prediction ever
Matt O'Brien
America's Most Notorious Coal Baron Goes on Trial This Week. Here's the Epic Tale of His Rise and Fall
Tim Murphy
Want to get American gun violence to European levels? Then you need to confiscate guns.
Dylan Matthews
10 October 2015
Links of the Week - 9 October 2015
A weekly collection of links from the Conscience Warrior Newsfeed
There’s No Such Thing as Free Parking
Tom Vanderbilt
Yes, slavery is a part of our national history
Julia Azari
Religions Are What People Make Them
Paul Krugman
The case against equality of opportunity
Dylan Matthews
Can the “Scourge of Upward Redistribution” unite left and right against the rent-seekers?
Lee Drutman
Ben Carson’s anti-Muslim comments are at odds with traditional American principles
Paul Waldman
'Virtual Frenzies: Bitcoin and the Block Chain'
Cecchetti & Schoenholtz
Was Carly Fiorina an okay CEO or a terrible one? It doesn’t really matter.
Ezra Klein
A drug company raised a pill's price 5,500 percent because, in America, it can
Sarah Kliff
This is the best time to borrow money. In all of history.
Matt O'Brien
There’s No Such Thing as Free Parking
Tom Vanderbilt
Yes, slavery is a part of our national history
Julia Azari
Religions Are What People Make Them
Paul Krugman
The case against equality of opportunity
Dylan Matthews
Can the “Scourge of Upward Redistribution” unite left and right against the rent-seekers?
Lee Drutman
Ben Carson’s anti-Muslim comments are at odds with traditional American principles
Paul Waldman
'Virtual Frenzies: Bitcoin and the Block Chain'
Cecchetti & Schoenholtz
Was Carly Fiorina an okay CEO or a terrible one? It doesn’t really matter.
Ezra Klein
A drug company raised a pill's price 5,500 percent because, in America, it can
Sarah Kliff
This is the best time to borrow money. In all of history.
Matt O'Brien
03 October 2015
Links of the Week - 2 October 2015
A weekly collection of links from the Conscience Warrior Newsfeed
Why the presidential candidates need to answer tough questions about God
Paul Waldman
Reimagining electric utilities for the 21st century
David Roberts
It's time for the Fed to admit it doesn't have an inflation problem
Timothy B. Lee
Back to the Future…for lunch
Jared Bernstein
Scott Walker’s race to the bottom
Paul Waldman
Ta-Nehisi Coates: “For African Americans, unfreedom is the historical norm”
Ezra Klein
The Federal Reserve is trying to do what nobody else has been able to do
Matt O'Brien
Donald Trump is much more like Ronald Reagan than the GOP establishment would like to admit
Jonathan Allen
The Dynasty That Almost Wasn’t
Jules Witcover
Scott Walker's plan to crush American labor unions, explained
Matthew Yglesias
Why the presidential candidates need to answer tough questions about God
Paul Waldman
Reimagining electric utilities for the 21st century
David Roberts
It's time for the Fed to admit it doesn't have an inflation problem
Timothy B. Lee
Back to the Future…for lunch
Jared Bernstein
Scott Walker’s race to the bottom
Paul Waldman
Ta-Nehisi Coates: “For African Americans, unfreedom is the historical norm”
Ezra Klein
The Federal Reserve is trying to do what nobody else has been able to do
Matt O'Brien
Donald Trump is much more like Ronald Reagan than the GOP establishment would like to admit
Jonathan Allen
The Dynasty That Almost Wasn’t
Jules Witcover
Scott Walker's plan to crush American labor unions, explained
Matthew Yglesias
26 September 2015
Links of the Week - 25 September 2015
A weekly collection of links from the Conscience Warrior Newsfeed
17 Democrats Ran for President in 1976. Can Today’s GOP Learn Anything From What Happened?
Julian E. Zelizer
Kim Davis Is No Rosa Parks
John Culhane
The Last War
Matthew Duss
Unbuilt Highways of New York City and Robert Moses
Vanshnookenraggen
Power utilities are built for the 20th century. That’s why they’re flailing in the 21st.
David Roberts
The government is trying to make walking American again
Emily Badger
People like puppies, and it’s a big problem for the economy
Yian Q Mui
Larry Summers has become one of organized labor’s biggest advocates
Lydia DePillis
Will “decoherence” be the doom of American democracy?
Lee Drutman
Thoughts on Freeman’s Bargaining for the American Dream
Larry Summers
17 Democrats Ran for President in 1976. Can Today’s GOP Learn Anything From What Happened?
Julian E. Zelizer
Kim Davis Is No Rosa Parks
John Culhane
The Last War
Matthew Duss
Unbuilt Highways of New York City and Robert Moses
Vanshnookenraggen
Power utilities are built for the 20th century. That’s why they’re flailing in the 21st.
David Roberts
The government is trying to make walking American again
Emily Badger
People like puppies, and it’s a big problem for the economy
Yian Q Mui
Larry Summers has become one of organized labor’s biggest advocates
Lydia DePillis
Will “decoherence” be the doom of American democracy?
Lee Drutman
Thoughts on Freeman’s Bargaining for the American Dream
Larry Summers
19 September 2015
Links of the Week - 18 September 2015
A weekly collection of links from the Conscience Warrior Newsfeed
Overcoming the Advantage of Run-Pass Option Offenses
Brophy Football
How so many of the world’s people live in so little of its space
Ana Swanson
Fascinating maps show where people move in the U.S. when they come from overseas
Kennedy Elliott & Emily Badger
There's only one political dynasty in America
Mark Schmitt
How Trump Exposed the Tea Party
Michael Lind
This is the worst argument for the Fed to raise rates
Matt O'Brien
Is It Time to Tax Harvard’s Endowment?
Jordan Weissman
Ted Cruz and Mike Huckabee's support for Kim Davis gets religious liberty all wrong
German Lopez
Superman makes the case for welfare
Matthew Yglesias
Next time someone tells you "all lives matter," show them this cartoon
German Lopez
Overcoming the Advantage of Run-Pass Option Offenses
Brophy Football
How so many of the world’s people live in so little of its space
Ana Swanson
Fascinating maps show where people move in the U.S. when they come from overseas
Kennedy Elliott & Emily Badger
There's only one political dynasty in America
Mark Schmitt
How Trump Exposed the Tea Party
Michael Lind
This is the worst argument for the Fed to raise rates
Matt O'Brien
Is It Time to Tax Harvard’s Endowment?
Jordan Weissman
Ted Cruz and Mike Huckabee's support for Kim Davis gets religious liberty all wrong
German Lopez
Superman makes the case for welfare
Matthew Yglesias
Next time someone tells you "all lives matter," show them this cartoon
German Lopez
14 September 2015
Labor Market Tightness
Just a quick update:
With the fall in headline unemployment to 5.1% and the robust gains in monthly jobs numbers, many commentators are looking for the Federal Reserve to raise the target Fed Funds rate. This flies in the face, of course, of the other half of the Fed's dual mandate (stable prices), as headline inflation is still well below their alleged 2% target.
It is instructive, then, to look at other metrics. Below is a measure of unemployed persons per job opening. This, of course, does not include the marginally attached or those employed part-time for economic reasons.
This is very encouraging in and of itself, but anemic wage growth still indicates the time for tightening is a ways off.
With the fall in headline unemployment to 5.1% and the robust gains in monthly jobs numbers, many commentators are looking for the Federal Reserve to raise the target Fed Funds rate. This flies in the face, of course, of the other half of the Fed's dual mandate (stable prices), as headline inflation is still well below their alleged 2% target.
It is instructive, then, to look at other metrics. Below is a measure of unemployed persons per job opening. This, of course, does not include the marginally attached or those employed part-time for economic reasons.
This is very encouraging in and of itself, but anemic wage growth still indicates the time for tightening is a ways off.
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