Economics Roundtable

January 2014 Payroll Employment

We are getting closer to the previous peak.

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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Core Economics

"Commentary on economics, strategy and more”

April 10, 2014, 11:23 am, 1253699

I put my name this week to a letter organised by the WWF on airline emissions. Basically, while, in general, I am in favour of markets that allow meaningful offsets of emissions I am concerned that, in this instance, they do not appropriately offset the emissions ...

April 10, 2014, 3:23 am, 1253462

The website of the Economics Student Society of Australia, a grassroots society founded two years ago by students in Melbourne, is worth a look – and not only because I am writing a series of blogs for them this year, of which links to the first two are given ...

March 23, 2014, 9:23 am, 1244763

From what I can gather, Australian politicians and the media are gearing up for some good old hysteria with regard to cyberbullying. And as part of the process is a recourse to regulation of social media sites to apparently deal with the problem.

For that reason, I ...

March 4, 2014, 7:23 pm, 1235351

Vanavil is a school for the poorest of the poor in the middle of Tamil Nadu, India. It started in 2005 as an orphanage/school for the children of two historically nomadic communities left stranded by the devastating tsunami of 2004. Many of the children of these two communities ...

February 28, 2014, 1:23 pm, 1233296

In the run-up to the election, Tony Abbott made it clear that a government led by him would abolish the Australian Charities and Not-for-Profits Commission (ACNC) and thus undo one of the Gillard Government’s signature projects.  Apparently that is about to happen in at least a couple of ways. ...

February 17, 2014, 11:23 am, 1226578

While most of the world think that Flappy Bird is fairly useless and without redeeming value, some think there is opportunity.

Folks, thanks to my son, I bring you Flappy Economist. In it you control ...

February 11, 2014, 5:23 pm, 1222009

Last Monday I posted 4 questions to see who thought like a classic utilitarian and who adhered to a wider notion of ethics, suspecting that in the end we all subscribe to ‘more’ than classical utilitarianism. There are hence no ‘right’ answers, merely classic utilitarian ones and other ones.

The ...

February 11, 2014, 5:23 pm, 1222008

In the last 5 years, I have made a point of giving clear predictions on complex socio-economic issues. I give predictions partially to improve my own understanding of humanity: nothing sharpens the thoughts as much as having to actually predict something. Another reason is as a means of helping my ...

February 11, 2014, 5:23 pm, 1222007

[NB - Joshua says the Core site has had some fits today that resulted in this original post being lost.  I have hence re-posted it below, along with three comments received so far. -gigi]

Weary holiday party-goers will be all too familiar with the occasional request to take their shoes off upon ...

February 11, 2014, 5:23 pm, 1222006