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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March 23, 2015, 11:24 am, 1443800

Rarely has there been such condemnation of a still-gestating corporate policy as the past week’s kerfuffle over Starbucks’ “Race Together” initiative. Rather than instigate a “national conversation about race” — as if race-weary Americans need more of that right now — news of the plan united critics and comics on ...


March 20, 2015, 9:23 am, 1442682

On Wednesday afternoon, speaking at the City Club of Cleveland, President Barack Obama suggested mandatory voting in the United States as an alternative to campaign finance reform — also known as restricting the free political speech of Americans.

It’s not surprising that Obama would support such a policy: He recognizes that ...


March 12, 2015, 11:23 am, 1438189

The recent “Open Letter to the Leaders of the Islamic Republic of Iran” that was signed by 47 Republican senators led by Arkansas freshman Sen. Tom Cotton reminds us why the GOP can’t seem to get away from its reputation as having an uncanny ability to snatch defeat from ...


February 25, 2015, 11:23 am, 1428825

We all know — and are still suffering for — the fact that Republican presidential candidate Mitt Romney was defeated by an incumbent who had (and continues to have) abysmal approval ratings while presiding over an economy that is leaving millions of Americans living a nightmare rather than the American ...


February 24, 2015, 9:23 pm, 1428413

I'm pleased to announce my first ever article for National Review's website. I hope to contribute to them on a regular basis going forward.

Does anybody really buy the Left’s faux outrage over former New York City mayor Rudy Giuliani’s opinion, offered at a private event for Wisconsin governor Scott Walker ...


February 10, 2015, 11:23 am, 1419753

The Leadership Program of the Rockies Annual Retreat, which this year is on February 20 and 21 at the Broadmoor Hotel in Colorado Springs, is always one of the highlights of my year. Full of lovers of liberty, and packed full of some of the most interesting speakers ...


February 6, 2015, 11:23 am, 1417769

“Don’t worry,” he said, “you’re in your own little corner of paradise now.”

The words could have been straight from the “just what I’d expect him to say” files — Jeremy is a marketing manager for the resort — yet they were strangely comforting, and proved happily accurate for our family, ...


January 26, 2015, 11:23 am, 1409991


Like walking in a neighborhood full of pickpockets and purse snatchers, living under the Obama administration should leave all Americans worried about what will be pilfered from them next.

In one of the most hypocritical moves yet — and that’s saying something — by a man who exhaled a lot ...


January 23, 2015, 11:23 am, 1408803

It took me a couple of days to summon the strength to watch President Obama’s seventh State of the Union Address (the sixth if you don’t count his 2009 address to a joint session of Congress); the speech was an hour-long exercise in deception, hypocrisy, and narcissism — which is ...


January 16, 2015, 11:23 am, 1405756

I’m not much of a conspiracy theorist — and I certainly have nothing on Paul Craig Roberts whose most recent article, helpfully disseminated by the Ron Paul Institute, claims the Charlie Hebdo attacks to be a “false flag” operation — but I can’t help but ...