Economics Roundtable

May 2014 Payroll Employment

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

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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 .


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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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EconModel

The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.


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Megan McArdle

Asymmetrical Information


January 26, 2016, 4:34 pm, 1602252

Guest post by Jim Manzi, founder and Chairman of Applied Predictive Technologies, and the author of Uncontrolled: The Surprising Payoff of Trial-and-Error for Business, Politics and Society.

Gabriel, your


January 26, 2016, 4:34 pm, 1602253

Guest post by Scott Winship, Brookings Institution. Follow him on Twitter: @swinshi

I promised that this was the last post I would write this week dwelling on rising inequality at the top, and I do want to shift to the comparatively under-appreciated lack of rising inequality in the bottom half of ...


January 26, 2016, 4:34 pm, 1602245

Guest post by Dr. Manhattan, a lawyer in New York City who represents, among others, clients in the investment management industry.

Thanks to Megan for the kind introduction. Anyone interested in additional biographical information can access that, along with my prior Atlantic posts, here. (My old blog ...


January 26, 2016, 4:34 pm, 1602247

Thanks to our terrific stable of outgoing guest bloggers--though they're not all leaving you; Scott Winship decided he wasn't done talking, so he'll be staying over.


But we have three new guest bloggers for you:
Jonathan Adler is a law professor at Case Western who specializes in environmental law.  He normally blogs ...


January 26, 2016, 4:34 pm, 1602244

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

Thanks to Megan for inviting me to spend some time over here.  As she mentioned, much of my work focuses on environmental law and policy. I ...


January 26, 2016, 4:34 pm, 1602246

Guest post by Laura McKenna, former political science writer, blogger, and freelance writer. 

In yesterday's New York Times, David Kirp, a public policy professor from Berkeley, explains that school integration made a large, long term impact on African-American students.

The experience of an integrated education made all the difference in the ...


January 26, 2016, 4:34 pm, 1602242

Guest post by Laura McKenna, former political science professor, blogger, and freelance writer

If anyone could be described as the poster child for public colleges, it would have to be me.

I'm a graduate of SUNY-Binghamton and CUNY-Graduate Center. My brother has a BA from the ...


January 26, 2016, 4:34 pm, 1602240

Guest post by Dr. Manhattan, a lawyer in New York City who represents, among others, clients in the investment management industry. Paul Krugman argues in his current column that "Wall Streeters" are nothing but a bunch of spoiled brats throwing temper tantrums (who have contributed nothing of value to ...


January 26, 2016, 4:34 pm, 1602241

Guest post by Dr. Manhattan, a lawyer in New York City who represents, among others, clients in the investment management industry.

The holy grail of regulation, in my opinion, is to harness the power of private sector competition to provide, and constantly improve on, the regulation's goals.

Can this ...


January 26, 2016, 4:34 pm, 1602243

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

Fisheries continue to be among the best examples of the tragedy of the commons in action. As Garrett Hardin himself noted ...