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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July 25, 2016, 6:44 am, 1656737

How important is grit relative to talent? Can grit be taught? Angela Duckworth of the University of Pennsylvania and author of Grit: The Power of Passion and Perseverance talks with with EconTalk host Russ Roberts about the nature of ...

July 20, 2016, 6:44 pm, 1655524

Do you think too much of yourself, or perhaps not enough? When does productive self-esteem become egotistical? How has the presence or absence of ego influenced world history? These were just some of the questions explored in this week's EconTalk episode as host Russ Roberts welcomed Ryan ...

July 18, 2016, 6:44 am, 1654489

How does our attitude toward ourselves affect our success or failure in the world of business or in friendship? Ryan Holiday, author of Ego Is the Enemy, talks with EconTalk host Russ Roberts about the role of ego ...

July 14, 2016, 4:44 pm, 1653776

Why don't advances in technology bring the same cost decreases (and quality increases) in health care as they do in other sectors of the economy? That was the central question this week as EconTalk host Russ Roberts welcomed Dartmouth's Jonathan Skinner. Is innovation in health care always worth ...

July 11, 2016, 6:44 am, 1652511

Technology and innovation usually mean higher quality and lower prices. Is health care different? Jonathan Skinner of Dartmouth College talks with EconTalk host Russ Roberts about how technology and innovation affect the cost and efficacy of health care. The ...

July 4, 2016, 6:44 am, 1650662

Yuval Levin, author and editor of National Affairs, talks with EconTalk host Russ Roberts about the ideas in his latest book, The Fractured Republic. Levin argues that both major political parties suffer from a misplaced nostalgia--a yearning for a ...

June 30, 2016, 4:44 pm, 1649939

This week, EconTalk host Russ Roberts welcomed back New York University's Richard Epstein. The focal point of their conversation was a recent New York Times article by Nathan Schwartz , describing a "money-based caste system" in the travel industry. Does tiered service such as that Schwartz describes make ...

June 27, 2016, 6:44 am, 1648708

How should we feel about cruise lines that offer special amenities for top-paying travelers, or first-class sections of airplanes? Do such consumption inequalities harm the social fabric or is there more to the story? Richard Epstein of New York University ...

June 24, 2016, 12:44 pm, 1648228

Russ Roberts's enthusiasm for technology and optimism for the future might only be outdone by this week's EconTalk guest, futurist Kevin Kelly. Their conversation ranges over the human need for communication, developing techno-literacy skills for The Inevitable future, and the very purpose of humans in relation to the ...

June 20, 2016, 6:44 am, 1646741

Futurist, author, and visionary Kevin Kelly talks with EconTalk host Russ Roberts about his latest book, The Inevitable, Kelly's look at what the future might be like and the role of the human experience in a world increasingly filled ...