Economics Roundtable

March 2017 Fed Funds Rate

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

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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 .

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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?

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"A blog of the NYU Colloquium on Market Institutions and Economic Processes”

April 19, 2017, 6:35 pm, 1739251

by Shruti Rajagopalan

Today is the 200th anniversary of David Ricardo’s On the Principles of Political Economy and Taxation, published on April 19, 1817. This remarkable, and rather unintuitive idea, is an essential component of every economist’s arsenal. When challenged by the mathematician Stan Ulam to name one proposition in ...

April 19, 2017, 8:35 am, 1739041

by Stefan Kolev*

For a better understanding of the turbulences of our time, studying those earlier politico-economic debates which focused on fragile orders of economy and society can certainly prove insightful. In The Viennese Students of Civilization, Erwin Dekker addresses such an age and interprets the works and ...

April 13, 2017, 8:35 am, 1737634

by Gunther Schnabl*

The Brexit and the election of U.S. President Donald Trump were unexpected and were followed by a search for explanations. Subsequently, the common view spread that globalization is at the root of the frustrations of more and more people who are susceptible to strong nationalist statements from populists. ...

April 10, 2017, 4:35 am, 1736284

by Pablo Duarte*

Venezuela is in deep political and economic crisis. According to Reuters – quoting a leaked document from the Venezuelan Central Bank – output fell 19% and prices increased 800% during 2016. Even though the “Socialism of the 21st Century”, the political program initiated by former President Hugo ...

April 3, 2017, 10:34 am, 1734419

by Andreas Hoffmann

A growing number of economists suggest that governments in highly indebted countries should consider liquidating debt via financial repression. In other words, they want governments to intervene in financial markets and push government borrowing costs below the rate of inflation to erode the real value of debt. In ...

March 30, 2017, 12:34 pm, 1733374

This is the final installment of my comments at Liberty Matters in the discussion of Israel Kirzner’s theory of entrepreneurship and its interpretation by Peter Boettke.

Filed under: Austrian Economics, Uncategorized

March 30, 2017, 8:34 am, 1733235

The annual meeting of the Society for the Development of Austrian Economics will be held during the Southern Economics Association meetings in Tampa, FL at the Tampa Marriott Waterside Hotel and Marina, November 17-19, 2017 (Friday to Sunday; more information can be found here:

bers interested in presenting papers, ...

March 29, 2017, 10:34 am, 1732807

For those of you with a keen interest in the history of economic thought, especially with regard to the history of the early revival of Austrian economics from the late 1970s, there is a site which has some interesting photos.

Please check out the website for Austrian Economics Re-Examined: The Economics ...

March 26, 2017, 8:34 pm, 1731866

March 23, 2017, 4:34 pm, 1731280

My latest comments at the LibertyMatters discussion of entrepreneurship is now posted.

All the opposition is defeated.

Filed under: Announcement, entrepreneurship