January 2014 Payroll Employment
We are getting closer to the previous peak.
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 .
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.
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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This, and other questions, is what animates Morris Hoffman's new book, The Punisher's Brain: The Evolution of Judge and Jury. Hoffman's book is part of ...
Yesterday was Equal Pay Day and my Facebook reposting of my Learn Liberty video on the gender wage gap generated a whole bunch of discussion both on the thread and privately. The assertion that the gap is mostly not the product of discrimination always generates much heat. I ...
In a few days Las Vegas will once again be the meeting place for the Association of Private Enterprise Education. You can browse the conference sessions here. The participants come from a large diversity of universities and colleges spread throughout the US and topics range ...
Ben Powell has made the following exciting announcement --
************Dr. Edward Stringham and Dr. Adam Martin to Join the Free Market Institute The Free Market Institute is pleased to announce that Dr. Edward Stringham and Dr. Adam Martin will be joining Texas Tech University as ...
I am a fan-boy of the work of the political economist Tony Gill, see this earlier post. I also find him personally very good company. But that is a different point, lets focus again on his overall work. So I am very attracted to his ...
In the front matter of my first book, The Political Economy of Soviet Socialism: The Formative Years, 1918-1928, I chose as the epigraph a quote from Mises's Socialism that reads as follows:
It must be admitted that the idea of Socialism is at once grandiose and simple. ... We may ...
I will be heading off this weekend to Jekyll Island, Georgia to participate in a Liberty Fund seminar run by Jerry Jordan on "Questions About Liberty and Responsibility at the Federal Reserve System Centennial." Others in attendance include Michael Bordo, Kevin Dowd, Alan Meltzer, Jerry O'Driscoll, Larry ...
Listening to NPR one morning, this story about soccer playing robots came on and I was intrigued by the discussion.
When I entered graduate school and was assigned to Don Lavoie, my expectation would be that I would be working on questions related to the problems ...