Economics Roundtable

Technical Problems 3/9/15

The website was down several hours today, but is back up now.


May 2014 Payroll Employment

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

Click on the image to get a bigger version.


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 .


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.


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Rossputin (Ross Kaminsky)

"Rossputin.com:  Rational Thinking About Our World”

“Life, Liberty, and the Pursuit of Happiness”


May 20, 2015, 3:24 pm, 1477823

It's not just because I put many many hours of work into this that I want you to read and share. It's also very interesting and you'll learn (or at least begin to think about) some very important issues:

http://www.nationalreview.com/article/4186
08/what-one-cias-top-men-thinks-about-benghazi-sno
wden-isis-and-more-ross-kaminsky

Link to Original post at Rossputin.com.


May 20, 2015, 3:24 pm, 1477824

On Monday, the State Department said it might take until January 2016 for the agency to release to the public Hillary Clinton’s official secretary of state emails. Yesterday, a federal judge slapped down that plan and gave State a week to provide a plan for the ongoing ...


May 13, 2015, 11:23 am, 1473754

As if either President Obama or Hillary Clinton needed a reminder that the most powerful person in the Democratic Party is now Massachusetts Senator Elizabeth “I’m a Cherokee” Warren, on Tuesday Senate Democrats followed the lead of the scourge of capitalism by filibustering “fast-track” trade promotion authority (“TPA”) legislation designed ...


May 11, 2015, 11:24 am, 1472055

Our Lost Constitution: The Willful Subversion of America's Founding Document
by Senator Mike Lee
(Sentinel, 256 pages, $27.95 list; $17.94 at Amazon.com)

In recent years there has been a welcome infusion of young Constitution-minded Republican members into the U.S. Senate. A few of these first-term senators ...


May 7, 2015, 9:24 am, 1469529

When ordinary voters think about Hillary Clinton — which I hope they do very little since life is short — some may think “secretary of state,” some may think “scandals” or “Benghazi,” and some may think of the double-edged sword that is her famous husband.

But for me, ...


May 1, 2015, 5:23 pm, 1465888

Barack Obama’s 2008 campaign mantra of “hope and change” was meaningless, thus leaving him free to act without fear of being accused of violating his principles, because he stated so few.

In comparison, at this early stage in her campaign, presumptive Democratic nominee Hillary Clinton is a ball of contradictions and ...


April 27, 2015, 9:24 am, 1462361

My friend and nationally syndicated radio talk show host Jerry Doyle tells the story of running for Congress in Hollywood as a Republican. The short version: it more or less cost him his career in TV, movies, and voice-over work in a city that is so rabidly ...


April 23, 2015, 11:23 am, 1460472

Who other than college students enamored of voting for the “first woman president” — because voting for the “first black president” has worked out so well — will be inspired by the candidacy of Hillary Clinton?

I don’t mean in contrast to any of the increasing number ...


April 17, 2015, 11:23 am, 1457229

Even if you were naÔve enough to believe that presumptive Democratic presidential nominee Hillary Clinton was actually listening to anything through her mercifully brief “listening tour” to Iowa — during which she met with a handful of hand-selected and bused-in Democratic activists — the whole adventure demonstrates ...


April 13, 2015, 11:23 am, 1454446

Whenever business owners try to justify regulations that benefit themselves but harm consumers, it always starts the same way: "I'm for free markets, but ... ."

The brewing debate over whether to allow supermarkets to sell full-strength beer, wine and perhaps spirits is already highlighting this dismaying entrepreneurial hypocrisy.

Battle lines are ...