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.
Finally, it's hard to argue against the payroll employment graph below (straight from FRED) and the comparison across recessions (courtesy of Calculated Risk).
Looking Up At 2001
In February 2001, U.S. payroll employment peaked at 132.5 million. The November 2011 figure of 131.7 million still falls 800,000 jobs short of the earlier peak.
Click on the chart for a larger version.
November Payroll Employment
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.
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MV = PQ (Tim Schilling)
"Ideas and discussions about economic and financial literacy issues. This blog is an outreach service of The Powell Center for Economic Literacy.”
February 3, 2012, 9:26 pm, 948209
January 18, 2012, 9:26 am, 942883
Actor/writer Rick Moranis has
a very amusing piece in the opinion section of today's edition of The Wall Street Journal. What struck me was how good it would be in setting up a discussion of opportunity cost. It really harkened back to Bastiat's "that which is seen and that ...
December 12, 2011, 3:26 pm, 930457
Which of Schumpeter's five roles of the entrepreneur is/are illustrated
here?
December 10, 2011, 1:26 pm, 929898
First, I'm a bit late with this, but for those of you who haven't sought it out already, PNC Bank has it's CPI (
Christmas Price Index) up and running, showing the price changes in the gifts from the carol, The Twelve Days of Christmas. As always, it's an interesting ...
November 24, 2011, 7:25 am, 924323
I suspect many of you are busy today. Our family had our dinner yesterday because one of my sons is working on Thanksgiving Day. But when you get a chance, you might want to review
this column by Jeff Jacoby of The Boston Globe. (HT to
Carpe Diem ...
November 22, 2011, 9:26 am, 923456
As we approach year's end and the traditional holiday season, and with the failure of the Supercommittee to achieve anything of substance beyond finger-pointing,
here is something courtesy of XKCD to fill those odd classroom moments.
November 14, 2011, 11:25 am, 920369
Captain Renault is shocked.
November 14, 2011, 9:25 am, 920295
Here's an editorial from today's edition of The Wall Street Journal that describes the process simply.
November 13, 2011, 9:25 am, 920045
Here is a piece from Bloomberg Businessweek (HT
Arts & Letters Daily) on how behavioral economists may have shaped a tax policy. The summary of the research is that the plan didn't work. However, the study is based on survey data, which is not as reliable as actual ...
November 13, 2011, 9:25 am, 920044
Here is a link to a Luann comic strip that offers a chance to really explore choices, trade-offs, opportunity cost and even psychic income.
http://www.gocomics.com/luann/2011/11/13
