Economics Roundtable

May 2014 Payroll Employment

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

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Jobs

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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Rossputin (Ross Kaminsky)

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October 20, 2014, 11:23 am, 1354103

Perhaps it’s not surprising coming from our first Community Organizer president that the trait the administration claims is most needed in an “Ebola czar” — not that it’s been shown that such a position needs to be created in the first place — is, as Dr. Anthony Fauci of the ...


October 18, 2014, 3:23 pm, 1353492

October 15, 2014, 1:24 pm, 1351690

Here in Colorado, a funny thing happened on the way to the ballot box: The reliably liberal Denver Post endorsed Republican Congressman and U.S. Senate candidate Cory Gardner over incumbent Democratic Senator Mark Udall.

Why did this happen? Because Mark Udall’s campaign has been — as I predicted three ...


October 9, 2014, 1:24 pm, 1348631

When you pick up Jason Mattera’s eye-opening new bookCrapitalismand Daniel Hannan’s masterfulInventing Freedom, you wouldn’t expect such different works to lead you to the same destination. But despite the former being about “Liberals who make millions swiping your tax dollars” and the latter being ...


October 3, 2014, 9:24 am, 1345537

On Wednesday morning, Israeli Prime Minister Benjamin Netanyahu met with President Obama to discuss, according to the White House schedule, “the situation in Gaza; developments related to Iran; and the international effort to combat ISIL.” The schedule effusively claimed that “Prime Minister Netanyahu’s visit is a demonstration ...


September 24, 2014, 11:23 am, 1340532

I have to say it was an email I never expected — from a producer for PBS television asking me if I’d like to participate in a televised town hall-style special in St. Louis, Missouri, hosted by Gwen Ifill, on the subject of ...


September 18, 2014, 11:23 am, 1337274

Mosul, Iraq, October 8, 2014 — Multiple sources have confirmed that Free Syrian Army (“FSA”) forces, part of the “moderate” rebel groups recently trained and armed by the Obama administration, have defeated three small groups of ISIS fighters — with perhaps 25 to 40 members of the terrorist ...


September 17, 2014, 7:23 pm, 1336831

My first ever piece for TheHill.com:

Democrats are in a froth over a statement by Rep. Jack Kingston (R-Ga.) suggesting that some Republicans want to avoid a vote supporting President Obama’s military action in Syria because “We can denounce it if it goes bad, and praise it if it goes ...


September 9, 2014, 11:23 am, 1331870

On September 11 and 12, 2012, in an attack by Islamist militants on the U.S. Diplomatic Compound (unofficially sometimes called a consulate) in Benghazi, Libya, Ambassador J. Christopher Stevens was killed — the first death of an American ambassador by a violent act since 1979. Chris Stevens had earned the ...


September 5, 2014, 11:23 am, 1329969

One of the main reasons that Senate Majority Leader Harry Reid blew up the traditional applicability of the filibuster in the United States Senate was so that President Obama could pack the DC Circuit Court of Appeals with liberal judges, anticipating the need for bias, or at least partisanship, ...