Economics Roundtable

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.


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.


The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.

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Environmental Economics

"Economists on Environmental and Natural Resources: News, Opinion, and Analysis”

October 27, 2016, 5:33 pm, 1687531

October 27, 2016, 3:33 pm, 1687491

Retraction Watch:

Top-ranking economists sometimes publish papers in open access journals deemed potentially “predatory,” according to a new analysis.

The findings contradict previous results that show that researchers who publish papers in “potential, possible, or probable” predatory journals (as defined by librarian Jeffrey Beall) are largely inexperienced.

According ...

October 27, 2016, 1:33 pm, 1687450

Here's the full quote:

"This is definitely human impact, we're in the sixth mass extinction. There's only been five before this and we're definitely in the sixth," WWF conservation scientist Martin Taylor told CNN."

...and here's more of the story:

More than two thirds of the world's wildlife could be ...

October 25, 2016, 1:33 pm, 1686608

Jared Walczak at the Tax Foundation:

On November 1st, New Jersey residents will start paying considerably higher gas taxes, with the rate rising from 14.5 to 37.5 cents per gallon (cpg) as part of a broader tax deal negotiated between Governor Chris Christie (R) and Democratic leadership in the state ...

October 24, 2016, 9:33 pm, 1686353

I'm pretty sure this hurts the credibility of scrupled researchers:

A global warming research center at the London School of Economics got millions of dollars from UK taxpayers by taking credit for research it didn’t perform, an investigation by The Daily Mail revealed.

The UK government gave $11 million dollars to ...

October 24, 2016, 1:33 pm, 1686201

From my YES I-732 email:

Hello carbon tax friends! With our noses to the grindstone it can be easy to forget the big picture, so go read the New York Times editorial board commentary on I-732: "Washington State's Ambitious Carbon Tax Proposal". And while you're at it ...

October 20, 2016, 3:33 pm, 1685390

I didn't realize how bad this quote is playing among Democrats, environmentalists and others. 

From Fuse Washington:

However, recent comments by Bauman compelled us to publicly endorse the Alliance and voice our opposition to I-732. Bauman's remarks were both offensive on their face and shined a light on some serious ...

October 20, 2016, 9:33 am, 1685244

Tired of presidential politics? Here's a local (Florida) issue that could have interesting national and international impacts:

The main focus of this election has been the presidential race, but so many other things will be on the ballot Nov. 8. In the Florida Keys, local voters will be asked whether they ...

October 20, 2016, 9:33 am, 1685243

Tyler Cowen:

From Brad Plumer at Vox:

“We have done extensive polling on a carbon tax,” Podesta apparently told Clinton adviser Jake Sullivan back in January 2015. “It all sucks.”

There is further detail at that link.  A quite remarkable David Roberts piece at Vox, worth reading in ...

October 19, 2016, 1:33 pm, 1684992


Photo Cred:  Me