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 .

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.

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

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Marginal Revolution

"Small steps toward a much better world”

April 29, 2016, 4:04 pm, 1631389

April 29, 2016, 12:04 pm, 1631311

April 29, 2016, 8:04 am, 1631216

Global fishing stocks are collapsing due to the tragedy of the commons and the resulting overfishing. Technology, however, suggests a possible solution:

Global Fishing Watch is the product of a technology partnership between SkyTruth, Oceana, and Google that is designed to show all of the trackable fishing activity ...

April 29, 2016, 4:04 am, 1631161

If I were writing a piece advocating Universal Basic Income, I would not call it “Why Free Money Beats Bullshit Jobs.”

That is from Rutger Bregman, though please note he may not have chosen  the title.  I believe such a title would not appeal to the people who ...

April 29, 2016, 2:04 am, 1631118

From a new Pew Study:

In our latest national political survey, released in March, 59% of the public say immigrants strengthen the country, while 33% describe them as a burden. In 1994, opinions were nearly the reverse: 63% said immigrants were a burden and 31% said they ...

April 28, 2016, 2:04 pm, 1630895

Last month, De La Rue, the world’s largest currency maker, sent a letter to the central bank complaining that it was owed $71 million and would inform its shareholders if the money were not forthcoming. The letter was leaked to a Venezuelan news website and confirmed by Bloomberg News.

“It’s ...

April 28, 2016, 2:04 pm, 1630897

April 28, 2016, 2:04 pm, 1630896

Since the Greek situation is heating up again, and not in good ways, I thought I would link to a recent interview I did.  Here is one bit:

Asked about what has gone wrong with Greece’s bailouts, Professor Cowen commented that “the bailout programs were never going ...

April 28, 2016, 4:05 am, 1630710

In fact, over the years, Mr. Gross has consistently asked one question of prospective employees: What drives you?

The twist is that they must pick one of three answers: money, power or fame.

Strangely to him, no one has ...

April 28, 2016, 2:04 am, 1630698

Paul Frijters and Benno Torgler have a new six-page paper (pdf)on that topic, here is the abstract:

The current peer review system suffers from two key problems: promotion of an in-crowd whose methods, opinions and innovations it protects; and failure to represent the opinions and interests of non-peer ...