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.


The Economics Roundtable is sponsored by EconModel.

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

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Beat the Press (Dean Baker)

"Dean Baker’s commentary on economic reporting”

December 19, 2014, 3:23 pm, 1392303

One of the things that bugged me about the movie "Avatar" (I know, I know) was the idea that 150 years in the future, someone who had suffered a spinal injury would be rolling around in a wheelchair, and getting ...

December 19, 2014, 1:23 pm, 1392224

The most important thing to read today is this extraordinary report from Matthew Cole of NBC News about one CIA officer, the agency's top expert on al-Qaeda, and her trail of screw-ups and lies with regard to the torture ...

December 19, 2014, 9:23 am, 1392087

(Flickr/Emily Michelle)

For three years, I’ve watched my father succumb to Alzheimer’s. Once a doctor and an active community leader, today he has become quiet, less ...

December 18, 2014, 3:23 pm, 1391695

At least publicly, Republicans have been nearly unanimous in their condemnation of the Obama administration's decision to normalize relations with Cuba. In and of itself this isn't surprising, given their party's long history of vigorous anti-communism and the fact that this ...

December 18, 2014, 1:23 pm, 1391609


(AP Photo/J. Scott Applewhite, File)

Like his Republican counterparts who oppose the president's opening to Cuba, U.S. Senator Bob Menendez, Democrat ...

December 17, 2014, 3:23 pm, 1390957

Here's a little blast from the recent past, a meeting of the minds between Bill O'Reilly and Brit Hume in October 2013:

O'Reilly asked Hume, "Is he just not interested? Is he bored with it? Is it deniability?"

December 17, 2014, 11:23 am, 1390795

As the contest for who will lead the nation takes shape, the classic right-wing charge of pervasive, hostile media bias was splashed in giant tabloid type across the front page of the daily Israel Hayom last Friday. The headline read: "Netanyahu: ...

December 17, 2014, 11:23 am, 1390794

Is Barack Obama about to have a revival? Peter Beinart argued the other day that he is, for three reasons: his actions on immigration have improved his standing among Hispanics, the economy is picking up steam, and there's a ...

December 17, 2014, 3:23 am, 1390498

This article originally appeared at

The average African-American household takes home around 40 percent less income than a similar white family. The gap between non-Hispanic whites and Hispanics (who can belong to any race) is just over 30 percent (

December 17, 2014, 1:23 am, 1390437


This book review is from the Fall 2014 issue of The American Prospect magazine.

My Promised Land: The Triumph and Tragedy of Israel

By Ari Shavit

Spiegel & Grau. 445 pp. $28


At Home In Exile: Why Diaspora Is Good For the Jews

By ...