September Payroll Employment
We are still 1% off the previous peak in jobs.
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 .
Focus on the Problem
U.S. payroll employment peaked at 132.5 million jobs in February 2001. For April 2012, U.S. payroll employment had reached 133.0 million jobs, marking the third month in a row above the February 2001 level.
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.
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.
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?
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
Taking Hayek Seriously
"The Home Of The Friedrich Hayek Scholars Page”
Find the video here.
I’ve put together a video & link stuffed Prezi tour of the world of Friedrich Hayek and his ideas as the man and his work move across the globe.
Have fun with it here.
This is the full 1 hour and 18 minute interview. John O’Sullivan — Wikipedia.
Yang Jisheng’s 2013 Manhattan Institute Hayek Prize lecture:
In the space of four years, from 1958 to 1962, China experienced a disaster of historic proportions – the death by starvation of more than 30 million people. This occurred in a time of peace, without epidemic or abnormal climatic conditions. A confluence ...
Poltical Science, Utah State University
“F.A. Hayek and the Eighteenth Century Science of Human Nature”
James E. Rogers Professor of Philosophy, University of Arizona
“The Evolution, Evaluation and Reform ...
Available for pre-order from Amazon. This is a major publishing event, folks, the volume of Hayek’s essays that everyone will want to have on the bookshelf. This is the core of Hayek’s approach to understanding society and human knowledge, laid out in his best essays. All in one place. ...