Economics Roundtable

January 2014 Payroll Employment

We are getting closer to the previous peak.

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 .

Click on the image to get a bigger version.

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.

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.


The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.

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Ben Muse

"Economics and Alaska”

February 11, 2014, 6:34 pm, 1222995
Sometime in the fall of 1894, or the winter or spring of 1895, Captain Bixby of the Army Corps of Engineers visited Bass River to see if river entrance navigation improvements were a worthwhile way to spend federal money. The...

February 11, 2014, 6:34 pm, 1222996
Great photos of King Island, and the not quite abandoned Eskimo village of Ukivok, circa 2006: Charlene's flikr photostream. Thanks to David Kingma and Father Louis Renner at Gonzaga for the pointer.

February 11, 2014, 6:34 pm, 1222997
Clive Cookson reports that there's been a "64-fold increase in [Chinese] peer-reviewed scientific papers since 1981": China scientists lead world in research growth. Projecting ahead: Jonathan Adams, research evaluation director at Thomson Reuters, said China’s “awe-inspiring” growth had put it...

February 11, 2014, 6:34 pm, 1222998
Charles Swift was a 19th Century newspaper editor and historian. His 1884 history of Yarmouth, available on Google Books, has a map of Old Yarmouth in 1644 (Old Yarmouth including the current towns of Dennis and Yarmouth). The Pilgrims reached...

February 11, 2014, 6:34 pm, 1222994
Many years ago Bass River was a small, but busy, commercial port. In 1802 there were 21 vessels, some ranging between Boston and the West Indies, others fishing locally. In the early 20th Century, a sailing packet still kept a...

February 11, 2014, 6:34 pm, 1222993
... and in Mexico, Thailand, and elsewhere abroad: Outsourcing Health Care To Countries That Appreciate Efficiency (Adam Ozimek channeling Tyler Cowen channeling Ragharum Rajan). Rajan argues that this would stimulate competition and innovation in U.S. health care. Ozimek cites a...

February 11, 2014, 6:34 pm, 1222990
Last year Daniel Fortier, of the Dennis Planning Department, posted pictures of windmills used in the past in Dennis and Yarmouth. There are windmills in yards to pump drinking water from wells, some apparently with elevated water storage tanks, industrial...

February 11, 2014, 6:34 pm, 1222991
Here's a great old postcard of South Yarmouth center. The source at Wikipedia says 1910. Route 28 won't be upgraded until 1933, and then it will come in through the yard on the left and exit towards Bass River across...

February 11, 2014, 6:34 pm, 1222992
People began to open cottage colonies on the Cape in the early thirties, as more visitors began to come to the Cape in their own cars, and as demand grew for inexpensive places to stay. The Salt Box cottage colony...

February 11, 2014, 6:34 pm, 1222989
Mrs. Boardman and her sisters opened their Salt Box vacation cottages for their first season in 1938. The cottage colony was built on an old farm between the northeastern end of the Bass River Golf Club and Bass River, a...