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.

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"Economics podcasts for daily life”

“Hosted by Russ Roberts”

November 24, 2015, 4:44 pm, 1581531

This week marked a significant milestone for us at EconTalk, Russ' 500th episode. To mark the occasion, he invited back his most popular guest, Mike Munger. Despite not having a "topic," the two had a wide-ranging conversation. Now it's your turn. Share your thoughts with us (including Roberts ...

November 23, 2015, 6:44 am, 1580533

Michael Munger of Duke University makes his 29th appearance on the 500th episode of EconTalk alongside EconTalk host Russ Roberts. He talks about his personal intellectual journey, his interest in public choice, and Unicorn economics. Other topics include the ...

November 18, 2015, 6:44 pm, 1578640

Brian Nosek, professor of psychology and Executive Director of the Open Science Project, joined EconTalk host Russ Roberts for a follow-up conversation on the results of his meta-analysis of 100 psychology studies, seeking to replicate their findings.

So what did they find? The answer is complicated...But we're most interested ...

November 16, 2015, 6:44 am, 1576851

Brian Nosek of the University of Virginia and the Center for Open Science talks with EconTalk host Russ Roberts about the Reproducibility Project--an effort to reproduce the findings of 100 articles in three top psychology journals. Nosek talks about ...

November 11, 2015, 8:44 pm, 1575037

In his newest book, Risky Medicine, physician Robert Aronowitz calls into question many of the health care norms we've adopted in our lives, including PSA tests for men and routine mammograms for women. In an unusual twist for EconTalk listeners, perhaps, Aronowitz suggests, the biggest problem in health ...

November 9, 2015, 6:44 am, 1572980

Should women get routine mammograms? Should men get regular PSA exams? Robert Aronowitz of the University of Pennsylvania and the author of Risky Medicine talks with EconTalk host Russ Roberts about the increasing focus on risk reduction rather than health itself as a goal. Aronowitz ...

November 5, 2015, 12:44 am, 1570401

(So why don't we stop?)

If the poor aren't poor because they lack stuff, then why are they? And more importantly, what can we do about it? Michael Matheson Miller, director of the award-winning documentary Poverty, Inc., sat down with EconTalk host Russ Roberts to explore just that. He ...

November 2, 2015, 6:44 am, 1568123

Michael Matheson Miller of the Acton Institute and the Director of the documentary Poverty, Inc., talks with EconTalk host Russ Roberts about his award-winning documentary on the barriers facing the poor around the world. Topics discussed include the ...

November 1, 2015, 4:44 pm, 1567985

There was an interesting moment in this week's episode when Cesar Hidalgo said the following when I was asking why he ignored the role of prices:

like Hayek said it, and basically it gets regurgitated even nowadays in every common section of every newspaper more or less when people ...

October 29, 2015, 2:44 pm, 1566337

Physicist Cesar Hidalgo's new book, Why Information Grows was the subject of this week's episode. While Hidalgo and Roberts's ideas about information and the networks that transmit it have much in common, we'd like to continue to explore some of these ideas with you.

What's your reaction to the ...