Economics Roundtable

Technical Problems 1/21/15

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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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January 21, 2015, 6:44 pm, 1407613

Nassim Taleb returned to EconTalk this week, to discuss his recent paper on the risks inherent in genetically modified organisms. Contra last week's guest, Greg Page, Taleb sees the potential for global ruin in GMOS.

Share your reactions to the following prompts with us, and let's continue the ...

January 19, 2015, 6:44 am, 1406626

Nassim Nicholas Taleb, author of Antifragile, Black Swan, and Fooled by Randomness, talks with EconTalk host Russ Roberts about a recent co-authored paper on the risks of genetically modified organisms (GMOs) and the use of the Precautionary Principle. Taleb contrasts harm with ruin and explains ...

January 14, 2015, 2:44 pm, 1404455

Greg Page, former CEO of Cargill spoke with EconTalk host Russ Roberts about what it's like to run a global food company and issues affecting world food markets.

Here's your chance to test your knowledge and share your answers to questions from this week's conversation.

January 12, 2015, 6:44 am, 1402654

Greg Page, former CEO of Cargill, the largest privately-held company in America, talks to EconTalk host Russ Roberts about the global food supply and the challenges of running a company with employees and activity all over the world. Page talks about the role of prices ...

January 7, 2015, 8:44 pm, 1400631

This week, Joshua Greene of Harvard University and author of Moral Tribes spoke with EconTalk host Russ Roberts about moral dilemmas and what Greene calls the tragedy of common-sense morality.

What did you think of this week's conversation? Use the prompts below to share your thoughts. As always, we love ...

January 5, 2015, 6:44 am, 1398738

Joshua Greene, of Harvard University and author of Moral Tribes: Emotion, Reason, and the Gap Between Us and Them, talks with EconTalk host Russ Roberts about morality and the challenges we face when our morality conflicts with that of others. Topics discussed include the difference ...

December 30, 2014, 2:44 pm, 1396627

This week, EconTalk host Russ Roberts welcomed author James Tooley to talk about what he discovered in researching the educational options of the world's poorest children. What he found is surprising to many, but as Roberts notes, some find Tooley's work dangerous. Let us know what you think ...

December 29, 2014, 6:44 am, 1395795

James Tooley, Professor of Education at Newcastle University, talks to EconTalk host Russ Roberts about low-cost for-profit private schools in the slums and rural areas of poor countries. Tooley shows how surprisingly widespread private schools are for the poor and how effective they are relative ...

December 24, 2014, 12:44 pm, 1394490

This week, EconTalk host Russ Roberts explored his skepticism about econometrics and causation with MIT's Joshua Angrist. Did Angrist convince Roberts about the value of empirical methods today? Are you convinced?

We want to hear what you think...

December 22, 2014, 6:44 am, 1392982

Joshua Angrist of the Massachusetts Institute of Technology talks to EconTalk host Russ Roberts about the craft of econometrics--how to use economic thinking and statistical methods to make sense of data and uncover causation. Angrist argues that improvements in research design along with various econometric ...