Economics Roundtable

January 2014 Payroll Employment

We are getting closer to the previous peak.

Click on the image to get a bigger version.


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 .


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.


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Beat the Press (Dean Baker)

"Dean Baker’s commentary on economic reporting”


April 16, 2014, 5:23 pm, 1256678

These days, liberals might be forgiven for feeling that they've won the culture war, or at least that they're winning. With the large exception of abortion (on which opinions have basically not budged in decades and conservative states have moved aggressively ...


April 16, 2014, 5:23 pm, 1256677
Let's just say that this has not been Kathleen Sebelius's year. As secretary of Health and Human Services, she absorbed much of the blame for the botched rollout of the Obamacare website. Even after the White House exceeded its health insurance signup ...


April 16, 2014, 1:23 pm, 1256503

Back when George W. Bush was president, liberals were regularly accused of being disloyal or anti-American if they disagreed with the policies the administration was undertaking. As Bush himself said, you were either with us or with the terrorists, and as ...


April 16, 2014, 11:23 am, 1256403

On Monday, Mary Fallin, Oklahoma’s Republican governor, signed legislation forbidding her state’s cities from enacting ordinances that set their own minimum wage standards or that entitle workers to paid sick days. Even in hard-right Oklahoma, citizens were collecting signatures ...


April 15, 2014, 5:23 pm, 1256053
Today marks the 1-year anniversary of the Boston Marathon bombing. Three people died in the attack, while over 270 were injured, many of them gruesomely; leg amputations abounded amongst the victims of the attack, given the angle of the bomb.  The ...


April 15, 2014, 5:23 pm, 1256052

Our old colleague Patrick Caldwell has an interesting article up at Mother Jones about the way the Hillary Clinton campaign—or whatever we can call it at this point, since it isn't actually a campaign but it isn't exactly just ...


April 15, 2014, 1:23 pm, 1255883

One of the central dynamics of American politics in the last few decades has been the sorting of the parties, the way that the Republican and Democratic coalitions have become ideologically clearer and more narrow. There are some ways in which this ...


April 15, 2014, 11:23 am, 1255805

In November 1933, less than a year after Hitler assumed power in Berlin, a 47-year-old socialist writer on Vienna’s leading economics weekly was advised by his publisher that it was too risky to keep him on the staff. It would be best ...


April 15, 2014, 9:23 am, 1255715

Earlier this month, lawmakers in Kansas ended this session’s debate over abortion on a surprisingly low-key note. The Republican leadership shepherded two minor tweaks to existing abortion policies through the legislature, while staving off a far more contentious measure: a bill ...


April 15, 2014, 9:23 am, 1255714
Courtesy of TED Conferences

Grace Rocero at the TED 2014 conference

After more than a decade representing top brands as a ...