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?


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Lawrance G. Lux

"This Blog will basically discuss economic issues, with some history and political events thrown in. The author is a mix of Conservative and Liberal impulses, with matching Authoritarian and Libertarian trends.”


July 2, 2014, 11:03 pm, 1295036
I fear that Greg Mankiw does not know the condition of the human soul. His Presidential Address to the nation will never be delivered. No Generation will ever accept the debt servitude of a previous Generation. The United States will default on its accumulated debt, the Question being only ...


July 2, 2014, 11:03 pm, 1295037
I have decided to go totally off the Reservation today, and delve where no man was meant to go; this into the area of Bonuses, Pensions, Stock awards, and medical coverage. There stands so much hassle about Bonus systems and health care coverage that the system seems to be broken, ...


July 2, 2014, 11:03 pm, 1295038
I was amazed by the video in this Post, and feel that Everyone should view it. We currently have declining cattle herds, with the Meat-Producers leading the list of shrinking resources. Without further research into the material, which I may later make, I would call for a program of ...


July 2, 2014, 11:03 pm, 1295039
People often wonder at How my mind works, and I like to add confusion with cross-signaling wherever possible; here is a Case in Point. I was reviewing John Whitehead’s numbers, and considering the degree of accuracy in his projections. The improbabilities of Averages and concrete data remains pretty well-known ...


July 2, 2014, 11:03 pm, 1295035
I disagree with Mike Shedlock on this one. What seems like a good idea remains fraught with peril. A major rationale for spreading Taxes out over a wide base establishes that tax-paying cannot be gamed. Evasion of one type of taxation leads to deeper tax impact from other types ...


July 2, 2014, 11:03 pm, 1295034
This article presents me with the pressure to bring a response to the fore. I will state first that federal economic policy makers do not understand Inflation as well as they should. Their first failure comes in the ignorance of the impact of Inflation by sector. Where is all ...


July 2, 2014, 11:03 pm, 1295031
This is exactly that type of Post I can understand, but disagree with heartily. I have long since decided that the American economy can be truly saved only by revision of the Tax Code with lowered rates of Taxation, but ones that have no discounting allowed. My position on ...


July 2, 2014, 11:03 pm, 1295032
I started this search by reading this Post last. There will be two other Opinions which I will cite concerning their evaluation of the material, which focus on other aspects of the situation I would outline. I work the content of the original Post through my mind, and come ...


July 2, 2014, 11:03 pm, 1295033
I began reading this Piece, and started to feel disquiet, then I reached the part where Megan should have more forcibly retracted her own statements because of the follow-up information. The bright Knight is slightly tarnished armor in me decided I needed to ride my trusty stead, almost as ...


July 2, 2014, 11:03 pm, 1295030
I am not one capable of agreeing with the Austrians, Some consider that I do not even understand their Thought processes. I here bring you a Post which I think is important coming from an Austrian, the major purpose of which is to present a Counterpoint to my own ...