Economics Roundtable

Technical Problems 3/9/15

The website was down several hours today, but is back up now.

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 .

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.


The Economics Roundtable is sponsored by EconModel.

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Carpe Diem - AEI (Mark J. Perry)

March 31, 2015, 3:33 pm, 1448563

We hear a lot about the well-publicized increases in oil production in America’s top two oil-producing states. No. 1 Texas now produces nearly 3.5 million barrels of oil every day, almost as much as Canada’s total daily production of 3.7 million barrels.  As ...

March 30, 2015, 5:33 pm, 1447936

1. Amazon just launched “Home Services,” a new website platform that allows customers to shop for 700 different professional services, like general home repairs, installations, equipment assembly, home cleaning, auto repair, lessons, etc.

Here’s an excerpt from a report/review via The Verge:

Amazon started out as an online bookstore, but ...

March 30, 2015, 5:33 pm, 1447935

Here are three excellent videos for your enjoyment today on “Video Monday” – one new from Heather Mac Donald of the Manhattan Institute and two classics from Milton Friedman.

1. The Manhattan Institute’s Heather Mac Donald discusses the “university diversity scam” in the video above and explains ...

March 30, 2015, 1:33 pm, 1447760

Former Federal Reserve Chairman Ben Bernanke (pictured above as a child preparing for his future role as Fed Chair) has started a new blog hosted by the Brookings Institution. You can also now follow Ben Bernanke on Twitter here.

The post

March 29, 2015, 11:33 pm, 1447350

1. Another Week, Another Couple of Drug War Deaths: Body Count Up to 15 for 2015.

2. Killed by Police: At least 281 people have been killed by U.S. police since January 1, 2015, that’s more than three every day.

3. Another Day, Another Cop Shoots Another Family Dog.

March 29, 2015, 9:33 pm, 1447339

Proud of her federal agency’s role in eliminating due process at US colleges and engaging in lots of other forms of bureaucratic mischief, Department of Education bureaucrat Jane writes in the Washington Post that she wants to put an end to insensitive bumper stickers that are micro-aggressions, if not ...

March 28, 2015, 5:33 pm, 1447045

In 2009 Canadian economist Ross McKitrick was asked by a journalist for his thoughts on the importance of the nitwitery known as Earth Hour. Here is his excellent response (my emphasis):

I abhor Earth Hour. Abundant, cheap electricity has been the greatest source of human liberation in the 20th ...

March 28, 2015, 11:33 am, 1446941

NC1-TV in Rapid City, SD is reporting in the video above that:

Changes are coming for workers at South Dakota’s six public universities. The schools are reigning in hiring and cutting back hours and services as a result of the new $8.50 minimum wage that voters approved in November. ...

March 27, 2015, 5:33 pm, 1446710

The top chart above shows the annual brewery count in the US from 1874 to 2014, based on data from the Brewer’s Association here, and the bottom chart shows the annual change in the ...

March 27, 2015, 5:33 pm, 1446709

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