Economics Roundtable

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.


Jobs

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.


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Core Economics

"Commentary on economics, strategy and more”


August 16, 2016, 7:23 pm, 1665018

Peggy Noonan is a writer and columnist for the WSJ.  Part of her reputation stems from her writing speeches for Reagan and the elder Bush, and for coming up with memorable phrases. Some of these phrases apparently did not work out well for whom she coined ...


July 27, 2016, 9:23 am, 1657678

This news caused me to make a spit-take on my morning coffee.

Several of the country’s big banks are seeking to join forces and negotiate as a bloc with technology giant Apple, which could lead to a collective boycott of Apple Pay, in a bid to offer ...


July 11, 2016, 7:23 am, 1652542

Now that the election is done and sorted and there isn’t a hung parliament, it is time for Australia to get on to the job of urgent policy-making. There are lots of areas in need of help but I am going to focus here on one close to ...


June 19, 2016, 9:23 pm, 1646679

I am seeking a lawyer to run an Adverse Action case connected to the recent Fair Work Commission verdict that found systematic breaches of procedures and procedural fairness in the University of Queensland’s actions against me following my research on racial attitudes in Brisbane. I first raised these ...


June 19, 2016, 11:23 am, 1646615

I have been following the Australian election at a distance and it is amazing how much more policy-centered it is than elections taking place here in North America. There are so many policies it is easy to miss some. Thankfully an alert Twitter follower noticed something familiar about ...


June 8, 2016, 11:23 pm, 1643860

In the wake of the recent academic-freedom cases involving Save Schools co-founder and academic Roz Ward (here, here, and here) and the journalism academic Martin Hirst, comes the decision that the Fair Work Commission (FWC) posted yesterday in the case of Frijters v University of Queensland.

As you may ...


June 5, 2016, 1:23 am, 1642604

Facey is in the news again. Apparently one of Zuckerberg’s former employees went rogue and told the world that the news that is being streamed and trended is not determined by some “objective” algorithm. Rather the news is curated by a bunch of left-wing Ivy-Leaguers. Shocking news indeed. Who would ...


May 21, 2016, 9:23 am, 1638605

Magda Szubanksi said she would consider leaving Australia if the Productivity Commission’s recommendations regarding parallel importing of books were to come into place. Leaving aside the notion that leaving Australia would make absolutely no positive difference to her income with or without Australia’s ...


May 16, 2016, 1:23 am, 1636746

In a previous post I outlined a way of thinking about higher education financing that does not break the HECS income contingent loans model and does not break the government’s budget. I proposed a small change to the way things are presently done that seems obvious from a theoretical view ...


May 5, 2016, 11:23 pm, 1633640

The government has put changes to higher education funding on the back burner. This precaution is prudent since as it happens any changes to the income contingent loan system that we have presently are likely to have consequences that are difficult to anticipate. Basically,  one would need to model the ...