The transcripts of the highly significant 2009 meetings of the monetary-policy-setting Federal Open Market Committee are out today, after a five-year delay, and generating lots of headlines.

"But labor economists have long questioned this view. Soylent Green -- I mean, the labor force -- is people. And because workers are people, wages are not, in fact, like the price of butter, and how much workers are paid depends as much on social forces and political power as it does on simple supply and demand."

Lanhee Chen talks about key factors that could hurt jobs report.

“If the euro fails, Europe fails”: thus spake Angela Merkel. Unfortunately, the euro is failing, but it is failing slowly. Even if Greece grexits, the eurozone seems unlikely to fall apart in the near future, although there is still a chance that it will.

In their Wall Street Journal article of March 3, 2015, Republican Senators Mike Lee and Marco Rubio throw their tax reform hat into the ring.

Timothy Kane discusses immigration, the job market, and the economy.

Former co-blogger Arnold Kling has an excellent post this morning on measurement of worker compensation. He quotes a question from one of his readers. I'll let you read it for yourself.

Military pay and benefits is not only a Defense Department issue, but also an economic one. And Tim Kane, a former Air Force officer turned research fellow at Stanford's Hoover Institution, wants to offer an alternative to fix system that he sees has been faltering for years.

California is not suffering one drought, but four. Each is a metaphor of what California has become.