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”

“Hosted by Russ Roberts”

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 ...

June 18, 2016, 2:44 pm, 1646500

How will our memories be experienced by future generations? How much of our cultural memory is "owed" to them? And why on earth would the Library of Congress be interested in preserving years worth of tweets??? These were among the topics of conversations in this week's episode in ...

June 15, 2016, 4:44 pm, 1645722

Special thanks to all those of you who submitted poems in response to last week's EconTalk Extra based on our episode with Jason Zweig...You exceeded our expectations in your thoughtfulness!

While we loved them all, two especially stood out to us... And we post them below.

The first is from ...

June 13, 2016, 6:44 am, 1644785

You might think your tweets on Twitter belong to you. But in 2010, the Library of Congress acquired the entire archive of Twitter. Why would such a majestic library acquire such seemingly ephemeral material? Historian Abby Smith Rumsey, author of ...

June 9, 2016, 2:44 pm, 1644090

It's easier than ever to be an investor...but is this "democratization" of investing a good thing for all involved? This was among the issues explored in this week's episode, in which EconTalk host Russ Roberts chatted with The Wall Street Journal's "Intelligent Investor" columnist Jason Zweig. As ...

June 6, 2016, 6:44 am, 1642817

Jason Zweig of the Wall Street Journal and author of The Devil's Financial Dictionary talks with EconTalk host Russ Roberts about finance, financial journalism and Zweig's new book. Zweig discusses rationality and the investor's challenge of self-restraint, the repetitive nature of financial journalism, and the ...

June 3, 2016, 8:44 am, 1642228

This week's EconTalk episode was recorded before a live audience at the Cato Institute in conjunction with its Center for Monetary and Financial Alternatives. Guest David Beckworth, a Cato adjunct scholar and professor at Western Kentucky University, offered his perspective on the causes of the Great Recession ...

May 30, 2016, 6:44 am, 1640842

Was the Financial Crisis of 2008 caused by a crisis in the housing market? Or did the Federal Reserve turn a garden-variety recession into the Great Recession? David Beckworth of Western Kentucky University talks with EconTalk host Russ Roberts ...