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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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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Carpe Diem - AEI (Mark J. Perry)


May 25, 2017, 7:33 pm, 1750828

AEI
Quotation of the day on Trump’s departure from economic reality on the trade deficit….

…. is from Peter S. Goodman, European economics correspondent for The New York Times, writing on April 5 in the NYT, “Behind Trump’s Trade Deficit Obsession: Deficient Analysis“:

….Mr. Trump’s portrayal of ...


May 25, 2017, 5:33 pm, 1750803

May 23, 2017, 7:33 pm, 1750156

May 22, 2017, 7:33 pm, 1749810

AEI
Quotations of the day on trade….

….are from Adam Smith (Wealth of Nations) and Henry Hazlitt in Economics in One Lesson quoting Smith (emphasis added):

Smith: It is the maxim of every prudent master of a family, never to attempt to make at home what it ...


May 20, 2017, 3:33 pm, 1749348

AEI
Venn diagram of the day on crony capitalism, legal plunder and corporate welfare

The selective concern about legal plunder, crony capitalism and ...


May 20, 2017, 1:33 pm, 1749345

AEI
Quotation of the day on trade protectionism….

… is from me:

At the very core of the belief in trade protectionism is a misguided desire for power, cronyism and control over your neighbor’s buying choices.

Quotation of the day on trade protectionism….
Mark Perry


May 19, 2017, 7:33 pm, 1749286

AEI
Amazon’s phenomenal rise in market value: the most remarkable case of wealth creation, business success in history?

The video above  shows graphically the phenomenal rise in the stock market valuation of online retailer Amazon compared to the market capitalization of one ...


May 19, 2017, 1:33 am, 1749014

May 17, 2017, 7:33 pm, 1748624

AEI
Wednesday evening links

1. Chart of the Day (above) shows the annual average of the market capitalizations for Amazon and ...


May 17, 2017, 5:33 pm, 1748605

AEI
Adam Smith makes the case for free trade and warns against the sophistry of domestic producers seeking protectionism

…. is from Adam Smith writing in his 1776 economic classic An Inquiry in the Nature and Causes of the Wealth of Nations, Chapter 3, titled “