Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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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 .

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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.


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Ben Muse

"Economics and Alaska”

September 19, 2016, 12:34 am, 1675820
William Van Valin was a school teacher at Sinuk, Alaska, during the 1911-'12 and 1912-'13 school years. Sinuk is on the Bering Sea coast of the Seward Peninsula to the west of Nome, not far from King Island. In June...

September 19, 2016, 12:34 am, 1675821
At least the administration was embarrassed, releasing its decision late on Friday to minimize publicity. The Obama administration has decided to impose import duties of 35% on imports of low cost Chinese passenger and light truck tires (U.S. to Impose...

September 19, 2016, 12:34 am, 1675822
When westerners began to visit the Bering Strait, they were touching the jugular of a thriving trade in furs between America and Asia. Furs from central and northern Alaska, and from as far east as Canada's Mackenzie River drainage, made...

September 19, 2016, 12:34 am, 1675815
President Obama is opposed to liberalizing restrictions on entry of foreign nurses (White House Forum on Health Reform). He made the comment in response to a question at a health reform event at the White House last March: REPRESENTATIVE CAPPS:...

September 19, 2016, 12:34 am, 1675819
Construction of the trans-Atlantic telegraph cable pushed the limits of 19th Century technology. In the 1860s construction was begun on an alternative telegraph line to Europe - across Alaska, under the Bering Strait, and across Russia. Capt. Daniel B. Libby...

September 19, 2016, 12:34 am, 1675818
The cost of living differential between urban and rural Alaska has increased since 1985 - an important reason is the introduction of "big box stores" in urban Alaska. Pat Forgery has a nice piece in today's Alaska Empire summarizing testimony...

September 19, 2016, 12:34 am, 1675816
Nancy Hooper, 5th Grade Tununak School Ms. Boonstra's class, second place entry in Alaska Department of Fish and Game Sport Fish Regs Cover Art Contest, 2001. Tununak is a small town on Nelson Island. For many years non-Native sport fishermen...

September 19, 2016, 12:34 am, 1675817
Elizabeth Bluemink reports: Alaskan Gold production highest since 1916 (Anchorage Daily News, November 8, 2009). Fort Knox mine. Source: Kinross Gold Corporation. In summary: Alaska produced about 800,000 ounces of gold in 2008 - the largest amount since 1916 (...

September 19, 2016, 12:34 am, 1675799
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...

September 19, 2016, 12:34 am, 1675798
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...