Economics Roundtable

January 2014 Payroll Employment

We are getting closer to the previous peak.

Click on the image to get a bigger version.


Jobs

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.


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Megan McArdle

Asymmetrical Information


April 17, 2014, 12:34 pm, 1257059

Guest post by Jonathan H. Adler, a professor at the Case Western Reserve University School of Law and a regular contributor to the Volokh Conspiracy.

It can be a bit lonely working on environmental issues from the "right" side of the political spectrum. Environmental academics and activists ...


February 12, 2014, 12:34 pm, 1224008

Like most writers, I am an inveterate procrastinator. In the course of writing this one article, I have checked my e-mail approximately 3,000 times, made and discarded multiple grocery lists, conducted a lengthy Twitter battle over whether the gold standard is actually the worst economic policy ever proposed, written Facebook ...


February 11, 2014, 6:34 pm, 1223140

Guest post by Mark A.R. Kleiman, public policy professor at UCLA. Professor Kleinman regularly blogs at The Reality Based Community

Jim Wilson, who died at a very young and vigorous 80 this March, left a huge imprint on American social science and public policy. He was also my friend, ...


February 11, 2014, 6:34 pm, 1223142

Guest post by Mark A.R. Kleiman, public policy professor at UCLA. Professor Kleinman regularly blogs at The Reality Based Community

I'm grateful to Megan for the invitation to guest-blog, but I'm also somewhat daunted at the prospect of having to replace her usual output in quality and quantity. So, as ...


February 11, 2014, 6:34 pm, 1223139

Guest post by Mark A.R. Kleiman, public policy professor at UCLA. Professor Kleinman regularly blogs at The Reality Based Community

Jim Wilson, who died at a very young and vigorous 80 this March, left a huge imprint on American social science and public policy. He was also my friend, ...


February 11, 2014, 6:34 pm, 1223141

Guest post by Mark A.R. Kleiman, public policy professor at UCLA. Professor Kleinman regularly blogs at The Reality Based Community

I'm grateful to Megan for the invitation to guest-blog, but I'm also somewhat daunted at the prospect of having to replace her usual output in quality and quantity. So, as ...


February 11, 2014, 6:34 pm, 1223137

Guest post by Mark A.R. Kleiman, public policy professor at UCLA. Professor Kleiman regularly blogs at The Reality Based Community.

Here is Mitt Romney, criticizing Barack Obama's plans to help the states and localities reverse the shrinkage in government employment currently dragging us back into recession:      ...


February 11, 2014, 6:34 pm, 1223135

Guest post by Mark A.R. Kleiman, public policy professor at UCLA. Professor Kleiman regularly blogs at The Reality Based Community.

Here is Mitt Romney, criticizing Barack Obama's plans to help the states and localities reverse the shrinkage in government employment currently dragging us back into recession:    ...


February 11, 2014, 6:34 pm, 1223136
This is a bittersweet post for me to write.  I've missed you all terribly while on leave, and in the interim, Newsweek has come to me and made me an offer I couldn't refuse to move there.  I'll still be on leave for a few more months while I finish ...


February 11, 2014, 6:34 pm, 1223138

Guest post by Mark A.R. Kleiman, public policy professor at UCLA. Professor Kleiman regularly blogs at The Reality Based Community.

Here is Mitt Romney, criticizing Barack Obama's plans to help the states and localities reverse the shrinkage in government employment currently dragging us back into recession:    ...