Economics Roundtable
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 $1.6 trillion. Where is M1 headed?
Click on the chart for a larger version.
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Angry Economist (Russell Nelson)
"Austrian economics in tiny little sentences”
People are bringing up the point that people simply don't shop for health care. That we're not consumers. Usually that people are non-economists, like some ER doc who thinks that he had to study for 8 years to become a doc, but that economists are just people ...
War?? Again?? By a Nobel Prize Winner?? I'm simply aghast. Yes, there are problems in the world, but they're not our responsibility to fix. Not when we're broke, going broker, and have a slim chance of not being broke for the next twenty years. What ARE these ...
Damn immigrants! They should go back to Bakersfield, where they came from!
I'm not sure Leonard Pitts is correct about Bobby Jindal rethinking his belief in less government. What if your next-door-neighbor contracted with a wind energy company to erect a wind generator, and it fell on your property? You'd be angry at the company, but you'd hold your neighbor ...
I just have to shake my head. Again, at global government meetings, you have so-called "anarchists" who are demonstrating for their concept of peace and justice, which seems to include violence. But violence doesn't cause people to say "Hey, my government is engaging in violence. I must want ...
Hey you, over there. If you were offended by Mark Williams blog posting about a letter from Colored People to Abraham Lincoln, THEN YOU ARE STUPID. And you lack any sense of historical perspective. Many many people thought at the time that colored people could not take care ...
Yo! Stupid conservatives! Y'all keep whinging about how wonderful it is that Arizona is FINALLY doing something about immigration. It sounds like you wish that the Federal Government would do its job and keep those dratted foreigners out.
Well, I have exactly zero words for you: [nelson@desk ~]$ grep -i ...
Unions are against globalization. To listen to them, unions are a force for good for all workers (rather than just the workers who pay the union its dues). But to watch them, you can see that they're in favor of cartelization. They don't mind other people competing against ...
Okay, this kinda of crap makes me angry, just angry. Go read the article. Do you see what's wrong with it? I see no distinction between legal prostitution and illegal prostitution. Now let's look at the difference between legal and illegal drugs. The first you can ...
The best thing we can do about terrorism is: nothing. It's not that terrorists don't create harm. It's that terrorism is not about the harm; it's about the fear. We kill, each month, more people in automobiles than were killed by terrorists on 9/11. But that's not ...