Good News on Employment David Henderson By David Henderson, Aug 5 2017 SHARE POST: Ben Casselman of FiveThirtyEight writes: Prime-age employment rate hits 78.7%, highest since September 2008. Of course we still have a long way to go to get back to the peak of about 17 years ago.
Aug 7 2017 Economics of Health Care Hooper's Law of Drug Development David Henderson Moore's Law is optimistic and reflects the ability of humans to "chip" away at a problem, making sequential, cumulative advances. Much of technology fits this pattern. One glaring exception, tragically, is the drug development conducted by pharmaceutical companies. It is hugely expensive and has gotten more so each yea... 14 Read More
Aug 7 2017 International Macroeconomics I warned the Swiss that this would happen Scott Sumner After pegging the Swiss franc at 1.2 per euro for a period of about three years, the Swiss National Bank suddenly revalued the franc sharply higher in January 2015, in a surprise contractionary move. They also cut interest rates sharply, a near perfect (and very rare) example of NeoFisherism in action. In the months ... 6 Read More
Aug 5 2017 Labor Market Good News on Employment David Henderson Ben Casselman of FiveThirtyEight writes: Prime-age employment rate hits 78.7%, highest since September 2008. Of course we still have a long way to go to get back to the peak of about 17 years ago. 4 Read More