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.


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?


Click on the chart for a larger version.


EconModel

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”


August 30, 2016, 4:05 pm, 1668882

August 30, 2016, 12:05 pm, 1668794

What if Donald Trump actually won the election?  What would happen with trade and the economy?

Here is part one, all nice and pretty with photos, part two will come tomorrow.  Zoellick suggests that Trump abrogated various trade deals, the legal default would be a return to…Smoot-Hawley!  As ...


August 30, 2016, 10:05 am, 1668753

Microsoft did not dispute reports that it would spend $1.1 billion on the Boydton data center, and said that “on average, data centers employ tens to several dozen people,” in a mixture of corporate and contracted positions. It declined to let a reporter tour the ...


August 30, 2016, 10:05 am, 1668752

I haven’t written much about the massive increase in the price of the EpiPen because I’ve said it all before–mostly this about FDA costs and delay and some bending of various laws to favor cronies and, as with the infamous Shkreli and Daraprim case, one solution would be a ...


August 30, 2016, 2:05 am, 1668658

Being a reticent fellow myself, I enjoyed that Bloomberg-given headline.  That is for my latest column, on the recent book and ideas of Heather Boushey.  She wishes government to take a much larger hand in sick paid leave, parental leave, and care for the elderly, among other ...


August 29, 2016, 6:05 pm, 1668585

An international team of scientists from the Search for Extraterrestrial Intelligence (SETI) is investigating mysterious signal spikes emitting from a 6.3-billion-year-old star in the constellation Hercules—95 light years away from Earth. The implications are extraordinary and point to the possibility of a civilization far more advanced than our own.

The safe ...


August 29, 2016, 2:05 pm, 1668508

August 29, 2016, 12:05 pm, 1668458

This is from the Telegraph obit:

“However, not many, perhaps, were aware that the serial was commissioned with a serious political purpose: to popularise public choice theory. It is because it succeeded spectacularly that Jay received a knighthood in 1988.”

There are numerous interesting points in the obituary, for ...


August 29, 2016, 8:05 am, 1668375

The subtitle is The Power of Disorder to Transform Our Lives, and it is Tim’s best and deepest book.  You’ll be hearing more about it in due time, the publication date is October 4, you can pre-order it here.

The post Tim Harford’s *Messy* appeared first ...


August 29, 2016, 2:05 am, 1668296

No, that is not enlightenment about life, that is enlightenment about Enlightenment, as in the eighteenth century phenomenon.  P., a loyal MR reader, wrote to me with such a request, noting correctly that “I usually find that broad, ambitious survey books are not the answer.”

That survey would be Peter Gay, ...