Economics Roundtable
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.
Finally, it's hard to argue against the payroll employment graph below (straight from FRED) and the comparison across recessions (courtesy of Calculated Risk).
Looking Up At 2001
In February 2001, U.S. payroll employment peaked at 132.5 million. The November 2011 figure of 131.7 million still falls 800,000 jobs short of the earlier peak.
Click on the chart for a larger version.
November Payroll Employment
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.
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Mises Economics Blog
The Senate voted to ban executive bonuses at Fannie and Freddie.
After buttering up the public for another round of quantitative easing, the buzz today (at CNN, Fin Times and the WSJ) is that the January jobs report will kill QE3 forever.
The census bureau released new homeownership ...
Political realism — as both an experiential or historical matter and a methodological one — must be at the center of a thoroughgoing libertarian project, informing our criticisms and proposed solutions. ...
The sappy headline said it all: “Ticket scalpers jam computers, spoiling hopes and dreams of Springsteen fans.” The Boss is just Born to Lose in his neverending campaign against the inviolable law of supply and demand.
For decades Springsteen has created shortages of tickets to his shows by ...
Lew Rockwell writes:
Learning freedom is exhilarating. And there is still time to join a great teacher—Tom DiLorenzo—in examining a forbidden topic: the libertarian tradition of secession and states rights. But psst: don’t tell the NY Times. The course, which is just $95, starts tonight. Sign up!
Joseph T. Salerno is interviewed, along with Peter Schiff and Boston University economist Laurence Kotlikoff, regarding the Fed’s articifial suppression of interest rates and America’s looming default. The interviewer and producer of the video is Cody Jennings.
Default America: Suppression of Interest Rates
As president, Ron Paul would select Jim Grant as chairman of the Federal Reserve. A president Newt Gingrich would appoint Grant to a gold standard commission. “Unfortunately, I haven’t heard from Mr. Romney yet,” joked Grant when MarketWatch’s Brett Arends called on him in his offices down ...
Advocates for ever-more redistribution rely on seriously incomplete and misleading measures. Furthermore, wealth creation in a market economy benefits others. To the extent that such differences arise from the voluntary exchanges of the ...
Learn the monetary theory that would save the world if it were to become broadly accepted. Study Mises’ Theory of Money and Credit, with Bob Murphy, the economist who wrote the book on the book (the study guide, that is). This, being the centennial of Mises’ first masterpiece, is the ...
With the campaign carnival stopping in Nevada this week for Saturday’s Republican caucus, the Las Vegas Sun’s J. Patrick Coolican takes Ron Paul to task for Paul’s call to end the Fed and return to gold. Coolican writes,
To start with, inflation is not a problem right now. ...