Economics Roundtable

Technical Problems 3/9/15

The website was down several hours today, but is back up now.

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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 .

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.


The Economics Roundtable is sponsored by EconModel.

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April 22, 2015, 10:44 am, 1459695

EconLog's Scott Sumner argues in this week's episode that too many people reason (incorrectly) from a price change, causing confusion about the factors behind today's continuing low interest rates. The conversation also touches on the role of the Federal Reserve and its monetary policy, and the effects of regulation ...

April 20, 2015, 6:44 am, 1458076

Scott Sumner, of Bentley University talks with EconTalk host Russ Roberts about interest rates. Sumner suggests that professional economists sometimes confuse cause and effect with respect to prices and quantities. Low interest rates need not encourage investment for example, if interest rates are low because ...

April 19, 2015, 10:44 am, 1457914

This week's guest, Phil Rosenzweig joined EconTalk host Russ Roberts to talk about his new book, Left Brain, Right Stuff.

We'd like to know what you took away from this week's recorded conversation, and hopefully spark some more here online. Use the prompts below, and share your thoughts in ...

April 13, 2015, 6:44 am, 1454228

Phil Rosenzweig, professor of strategy and international business at IMD in Switzerland and author of the book Left Brain, Right Stuff: How Leaders Make Winning Decisions talks with EconTalk host Russ Roberts about his book. The focus of the conversation is on the lessons from ...

April 8, 2015, 6:44 am, 1452083

This week's episode was recorded and filmed last month before a large crowd at Ball State University. EconTalk host Russ Roberts welcomed philosopher James Otteson and Nobel Laureate Vernon Smith to talk about another famous Smith...

For this special episode, we'd like to again give you a chance to see ...

April 6, 2015, 6:44 am, 1450991

Vernon Smith and James Otteson talk with EconTalk host Russ Roberts about Adam Smith in front of a live audience at Ball State University. Topics discussed include Smith's view of human nature, the relevance of Smith for philosophy and economics today, and the ...

April 3, 2015, 10:44 am, 1450269

This week's episode, garnering a PG-13 rating from Roberts, was a fascinating look inside the formal and informal governance structures of America's prisons with guest David Skarbek.

As always, we'd like to continue learning from and conversing with one another. Have a look at the prompts below, and share ...

March 30, 2015, 6:44 am, 1447460

David Skarbek of King's College London and author of The Social Order of the Underworld: How Prison Gangs Govern the American Penal System talks with EconTalk host Russ Roberts about the written and unwritten rules in America's prisons for the most violent and dangerous criminals. ...

March 27, 2015, 2:44 am, 1446193

In this week's episode, EconTalk host Russ Roberts sat down with Duke University's Campbell Harvey to discuss his research on various investment strategies.

Here are some follow-up questions--please share your response in the Comments. We love to hear from you, and as always, please help us continue the conversation. ...

March 23, 2015, 6:44 am, 1443579

Campbell Harvey of Duke University talks with EconTalk host Russ Roberts about his research evaluating various investment and trading strategies and the challenge of measuring their effectiveness. Topics discussed include skill vs. luck, self-deception, the measures of statistical significance, skewness in investment returns, and the ...