Economics Roundtable

NOTICE 9/30/177

The Economics Roundtable website has been up and running for a couple of days now. Further periods of testing will be necessary. The RSS feed is still not working. The left sidebar links are also probably not updating correctly.

The problems were caused by updates to the programming language php and to the Apache operating system. It is taking time to track down the problems this causes with my system. - Bill Parke

March 2017 Fed Funds Rate

What is the effect of a 0.25% change in the Fed Funds rate?.

Click on the image to get a bigger version.

March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

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May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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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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Angry Economist (Russell Nelson)

"Austrian economics in tiny little sentences”

September 12, 2017, 1:13 pm, 1771239

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 ...

September 12, 2017, 1:13 pm, 1771240

I could forgive them groping me if they would just acknowledge that nobody will ever succeed in hijacking an airplane, and allow anything which cannot harm the whole airplane itself. Enough with keeping bladed weapons off airplanes, including those hellish nail clippers. You couldn't even commit suicide ...

September 12, 2017, 1:13 pm, 1771241

There are two kinds of poverty: relative poverty and absolute poverty. One could define the latter as lacking certain qualities of life; for example access to a minimum of 1600 calories per day, shelter to keep you warm and dry, and clean clothing appropriate for your climate ...

September 12, 2017, 1:13 pm, 1771242

Sigh. From time to time, leftists get up on their high horse, and think that they can come up with a single objection to freedom which completely smashes all arguments. Today's version of that objection may be found on elementropy, where it goes:

another question unanswerable by neoliberal ...

September 12, 2017, 1:13 pm, 1771238

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 ...

September 12, 2017, 1:13 pm, 1771237

Damn immigrants! They should go back to Bakersfield, where they came from!

September 12, 2017, 1:13 pm, 1771234

Yay! The minimum wage is going up in many states! Now employers won't have to pay a premium to get desirable workers, and they can dismiss the undesirable workers at no cost to themselves!

You see, every worker is desirable to one extent to another. Some workers are ...

September 12, 2017, 1:13 pm, 1771235

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 ...

September 12, 2017, 1:13 pm, 1771236

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 ...

September 12, 2017, 1:13 pm, 1771233

It's absurd to say that a minimum wage doesn't cause unemployment. ABSURD. Do you, does anyone, buy the same amount of something when the price goes up? Oh, maybe you ignore a price increase of a percent or two. What do you do when the price doubles? ...