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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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 5, 2015, 1:03 am, 1502521
I started by reading this Post from Arnold Kling. I followed it with reading both of Tyler Cowen’s Posts, here and here. I finished with previewing Matt Yglesias’ Post. I will first admit that I am totally scalping my material today, something which occasionally irritates Tyler. ...

July 5, 2015, 1:03 am, 1502522
I read sorrowfully through this missive from the CBO. The main thrust of the argument was the nonsensical nature of the budget Gains made over the Period. Slow growth in Expenditure Savings were listed as caused by reduced welfare for the Wealthy, reduced welfare for the Unemployed, and a ...

July 5, 2015, 1:03 am, 1502523
I first read the Post from Tyler Cowen, then went back to the article by Paul Krugman. Both decided upon collective solutions to the Process they describe, but I find a lack of efficiency in this Outcome. I agree with the Krugman concept of ‘hallowing out’ of the ...

July 5, 2015, 1:03 am, 1502524
Like always, I will recommend this excellent Post, which has many very vital links to the Issue involved; then begin to talk about something else. What if Government debt in not just an irresponsible Spending pattern, but a substitute for a Futures Market on Inflation. Purchases of Treasuries or ...

July 5, 2015, 1:03 am, 1502520
I am so sick of listening to People talking about the horrors of Unions everywhere on the Internet and Public Broadcasts. I have considered the entire situation for months, without any resolution of what could possibly be done to represent both Sides of the argument. I found that I could ...

July 5, 2015, 1:03 am, 1502519
I was reading this when I decided I must advance a hypothesis I had been considering for a long time. The reason I was reluctant to advance my notion was basically due to the fact it would challenge almost all economic thought since John Maynard Keynes. Here is the ...

July 5, 2015, 1:03 am, 1502516
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 5, 2015, 1:03 am, 1502517
I would like to apologize to all eminent personnel, before I enter into this rave. I am not a Saltwater economist, or even a Freshwater economist; maybe I can be classified as a River Rat situated alongside a slow-moving brook. Some things I do know, one of which is ...

July 5, 2015, 1:03 am, 1502518
I was simply reading this article online, when I decided I would have to become a Heretic. Like most such offenses from the True Faith, this I start this with light heart and expectation that everyone will understand my position; though in truth, it will probably be greeted with ...

July 5, 2015, 1:03 am, 1502515
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 ...