Economics Roundtable

May 2014 Payroll Employment

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

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 .

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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?

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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Moneyness (JP Koning)

December 2, 2016, 11:33 pm, 1699443

"America's only unwanted, unhonoured coin." - John Willem on the silver trade dollar.
The title for this post comes from the old trade dollar, a ...

November 18, 2016, 3:33 pm, 1695631

Anyone who makes an effort to study monetary economics quickly encounters the concept of Gresham's law, or the idea that bad money can often chase out good. Gresham's law is usually used to ...

November 13, 2016, 11:33 pm, 1693741

Prime Minister Narendra Modi's aggressive demonetization of the 500 and 1000 rupee note is causing plenty of chaos in India. A general shortage of money has emerged, massive lineups have formed at banks, ...

November 8, 2016, 5:33 pm, 1692050

Prime Minister Narendra Modi surprised Indians today by announcing that India's highest denomination notes, the 500 and 1000 rupee, will cease to be legal tender. On first ...

November 6, 2016, 1:33 am, 1690836
The US$5000 banknote, destroyed in 1969 along with the $10,000, $1000, and $500 notes
With the publication of his new book The Curse of ...

October 27, 2016, 9:33 am, 1687357
Dutch 10 guilder note. Holland and Lebanon are the only countries to have issued banknotes with bar codes.
One of the interesting things that ...

October 17, 2016, 1:33 am, 1684110

The shares of the Swiss National Bank (SNB), Switzerland's central bank, have almost doubled since July, despite there being no real news. Yep, you read that right, the SNB ...

October 12, 2016, 3:33 pm, 1683108

Satoshi Nakamoto kicked off his famous 2008 white paper with the line: "Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments." ...

October 6, 2016, 5:33 pm, 1681579

Do citizens benefit by owning money that is pegged to the nation's own unit of account rather than a foreign unit of account?

Let's start by imagining ...

October 1, 2016, 1:33 am, 1680000

A while back I was paying for gas at a nearby gas station when the clerk fumbled my credit card. When he bent down to pick it up ...