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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"Economics podcasts for daily life”

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August 27, 2015, 12:44 am, 1534783

When you think about "high-tech," you tend to think about your electronic devices, silicon chips, the Internet...But what about nature? How much do bears, deer, and whales owe to technology?

This week's EconTalkepisode with Jesse Ausubel is a whirlwind of food, transportation, wilderness, and more. There's a lot to think ...

August 24, 2015, 6:44 am, 1533007

Thousands of bears in New Jersey. Humpback whales near New York City. Acres devoted to farming stable or declining even as food production soars. Jesse Ausubel of the Rockefeller University talks with EconTalk host Russ Roberts about the ...

August 20, 2015, 4:44 pm, 1531820

In an age of abundance, how does the way we think about food differ from the past? This week, EconTalk host Russ Roberts welcomed historian Rachel Laudan for a fascinating conversation about the history, culture, and economics of food.

We'd like to see their conversation expand here. Please ...

August 17, 2015, 6:44 am, 1529414

Rachel Laudan, visiting scholar at the University of Texas and author of Cuisine and Empire, talks with EconTalk host Russ Roberts about the history of food. Topics covered include the importance of grain, the spread of various styles of cooking, why French cooking has elite ...

August 13, 2015, 12:44 pm, 1527882

Oysters, elk, and ungulates, oh, my! Who knew that a political storm could develop over oysters? This week's guest, Summer Brennan, did. Russ chatted with the author of The Oyster War on the nature of wilderness, competing interests, and the nature of truth. A tall order to be ...

August 10, 2015, 6:44 am, 1525503

Summer Brennan, author of The Oyster War, talks with EconTalk host Russ Roberts about her book and the fight between the Drakes Bay Oyster Company and the federal government over farming oysters in the Point Reyes National Seashore. Along the way they discuss the economics ...

August 5, 2015, 2:44 am, 1522183

Fish business CEO Roger Berkowitz tells Russ that his guiding philosophy is RoG, or Return of the Guest. Says Berkowitz, "And what I'm simply trying to do is make sure that we can enhance the overall experience that are going to encourage people to want to come back again." ...

August 3, 2015, 6:44 am, 1520710

Seafood is highly perishable and supply is often uncertain. Roger Berkowitz, CEO of Legal Sea Foods talks with EconTalk host Russ Roberts about the challenges of running 34 seafood restaurants up and down the east coast. Berkowitz draws on his 22 year tenure as CEO ...

July 30, 2015, 2:44 am, 1518328

If a nation sends all its children to school, can it count on greater economic growth? Does putting bottoms in seats generate human capital? This week, Russ welcomed back the Hoover Institution's Eric Hanushek.

What did you think of this week's episode? What did it make you think more about? ...

July 27, 2015, 6:44 am, 1516025

How important are basic skills for economic success and growth? Eric Hanushek of Stanford University's Hoover Institution talks with EconTalk host Russ Roberts about the importance of basic education in math and literacy and their relationship to economic growth. Hanushek argues that excellence in educating ...