Economics Roundtable

NOTICE 4/30/18

The Economics Roundtable is back. The technical problem that has limited the set of blogs has been resolved. The RSS feed is, however, still not working.

Flushing caches will likely cause some old posts to show up for a day or two.


Employment as a Percentage of Population

The graph below shows employment as a fraction of population for people over 16 years old.


Click on the image to get a bigger version.


March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

Click on the image to get a bigger version.


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.


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.


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Econ. Dreams - Econ. Nightmares

Economic Dreams - Economic Nightmares

“A growing nation is the greatest ponzi game ever contrived. - Paul Samuelson
Growth for the sake of growth is the ideology of the cancer cell. - Edward Abbey”

Dave Iverson


October 15, 2018, 10:06 pm, 1907937

Here in the US, the libertarian right tells us that we are doomed by a federal debt that will soon wreak havoc on the world's financial system, with much pain to be felt here at home. Perhaps they are correct, but I doubt it. If anything a debt problem will ...


October 15, 2018, 10:06 pm, 1907938

I have been keeping an eye on various proposals to "reinstate" Glass-Steagall for quite some time. Sometime I ought to post a more comprehensive list as to who is in favor (and in what sense) and who is opposed. Clearly the folks at New Economic Perspectives (from Kansas City ...


October 15, 2018, 10:06 pm, 1907939

Over at Fed Watch, Tim Duy reminds us to be keenly aware of the subtleties of international finance — and simpleton thinking that there are quick fixes. If everybody tries to export their way out of their finance problem all will lose. So too if even a bunch of countries ...


October 15, 2018, 10:06 pm, 1907940

I've been thinking about the public debt problem lately. Is the problem really a non problem or at minimum a problem of creeping gradualism, as many Keynesians seem to argue? Or is the problem acute: the next big bubble to burst, as argued lately by Doug Noland in various posts ...


October 15, 2018, 10:06 pm, 1907936

I've spend a bunch of time on this blog trying to understand who played what roles in both the run up to, and the meltdown of the recent financial bubble. But I've not, until now covered Matt Taibbi's exposés, or "screeds" as some call them. [Note: I got ...


October 15, 2018, 10:06 pm, 1907935

One of my economic dreams, albeit implausible, is that governmental entities could learn to live within their means, and do so without the need for drama and crisis. Like many economists I see little harm in not balancing the budget in any given year, but see little good (and eventually ...


October 15, 2018, 10:06 pm, 1907932

I spent most of my working life in the US Forest Service, battling fundamentalism. Most of the battles dealt with economics. My first job was to coordinate use of a linear programming model (FORPLAN) in the development of forest plans. The model may (or may not) have been useful in ...


October 15, 2018, 10:06 pm, 1907933

Killing the messenger has been around for a very long time. In our day, we mostly don't shoot them (at least not in so-called "civilized countries"), but "it is still worth a man's neck to disturb an emperor's image. Nowadays the axe falls more subtly and the execution ...


October 15, 2018, 10:06 pm, 1907934

I took Rajiv Sethi's advice and read all Ashwin Parameswaran's posts at Macroeconomic Resilience. I promised myself early last year that I'd keep up on posts at Macroeconomic Resilience. Instead, I got swept up in despair over the BP oil spill, TEA Party emergence, and continued ...


October 15, 2018, 10:06 pm, 1907931

The "Occupy Wall Street" movement is moving to Main Streets across the globe. It's about time. But I fear that the movement will be captured by the far left, just as the TEA party movement has been captured by the far right. If Occupy Wall Street will evolve to represent ...