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.

The Classic Economic Models cover micro, macro, and financial markets.

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Carpe Diem (Mark J. Perry)

"Mark J. Perry’s Blog for Economics and Finance”

April 19, 2015, 3:33 pm, 1457942

Green trigger warning: This blog post may be upsetting to those who consider Earth Day to be a green holy day of obligation in their religions of ecology or their churches of sustainability.

Earth Day is coming up this Wednesday (April 22) and it’s the 45th anniversary this ...

April 17, 2015, 7:33 pm, 1457528

On The Chronicle of Higher Education blog, they provide a summary (“Tenure, Not Hiring, Is Chief Bottleneck to STEM Faculty Diversification“) of the paper “Faculty Hiring and Tenure by Sex and Race: New Evidence From a National Survey,” which was presented today in Chicago at the American Educational ...

April 17, 2015, 3:33 pm, 1457383

1. Chart of the Day III (above). Over the last decade, medical care costs have increased by 44.6%, almost double the overall rate of increase in consumer prices of 25.3% between 2004 and 2014. Meanwhile, the average price of cosmetic surgery (based on ...

April 17, 2015, 11:33 am, 1457230

At the website you can buy insurance (like a gasoline futures contract) against rising gas prices. For $3.99 per month, you can cap your gas price at $2.75 per gallon over the next 12 months, to cover  20 gallons per month. ...

April 16, 2015, 5:33 pm, 1456770

In the video above from David Spady, State Director of Americans for Prosperity California, explains how Uber represents the American dream and how its fast-track to success is really a remarkable testament to the benefits of free-market capitalism. Read David Spady’s related op-ed here.

The ...

April 15, 2015, 11:33 pm, 1456155

1. Chart of the Day I. According to new forecasts to 2040 by the Energy Information Administration’s its just-released Annual Energy Outlook 2015, fossil fuels (coal, natural gas and oil) will continue to supply more than 81% of the energy consumed in ...

April 15, 2015, 3:33 pm, 1455977

It’s already time for my second spelling/punctuation/grammar rant of the year (see my last one here in March on National Grammar Day) on what I think must be the most common spelling/punctuation/grammar/orthographic mistake in the English language — the misuse of it’s ...

April 15, 2015, 1:33 pm, 1455900

Today is April 15, which means it’s the deadline for filing (and paying) your federal and state income taxes, and time for my annual post at tax time to help put things in perspective.

1. Some Historical Perspective. “In the beginning” when the ...

April 14, 2015, 1:33 pm, 1455240

A year ago, Andrew Biggs and I wrote an op-ed about “The ’77 Cents on the Dollar’ Myth About Women’s Pay” that appeared in the Wall Street Journal, here’s an excerpt in honor of Equal Pay Day (today, April 14):

These 23% gender-disparity claims ...

April 14, 2015, 11:33 am, 1455149

The American Association of University Women (AAUW) is a major participant in the feminist propaganda machine that mobilizes its forces every April and engages in statistical falsehoods to publicize the bogus feminist holiday event known as Equal Pay Day. AAUW executive director ...