Economics Roundtable

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?


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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Mises Economics Blog


November 17, 2014, 8:05 pm, 1373064

In case you missed it, be sure and check out the October issue of The Free Market, now online at Mises.org.

October’s issue features a short adaptation of Jörg Guido Hülsmann’s important lecture on The Cultural Consequences of Fiat Money, in which Dr. ...


November 17, 2014, 6:05 pm, 1373020

Jeff Thomas at the International Man has an interesting take on Murray Rothbard’s admiration for Lao-Tzu. The founder of Taoism had little good to say about the philosopher-bureaucrats of his time.

Those in power are meddlesome …

The greater the restrictions and ...


November 16, 2014, 4:05 pm, 1372456

Michael Pullaro over at Forbes.com warns that the Austrian measure of the money supply is exhibiting a deceleration in its growth rate indicating potential trouble ahead in bubble related economic activity.

Joseph Salerno on the True “Austrian” Money Supply

The U.S. money supply as represented by ...


November 15, 2014, 2:05 pm, 1372136

Con Temporary Art Auction Record–Sheep line up to be fleeced

Inflation revealed its ugly head again in New York City–where the money is.

Christie’s set another record contemporary art auction record of $852.9 million exceeding both the high estimate for the auction and also the recent record it set in May ...


November 15, 2014, 12:05 pm, 1372099

A surprising range of news and opinion outlets have memorialized a string of anniversaries related to the Great War over the last few months: the assassination of the Archduke, the July Crisis, the start of the war, etc. Newspapers, magazines, the blog world, the top ten list sites, and Youtube ...


November 14, 2014, 6:05 pm, 1371735

President James Bullard dissects the nearly six years of Zero Interest Rate Policy and asks the question: does low inflation call for an earlier return to normal interest rate policy.

During his presentation, Bullard noted that the policy rate has remained near zero for almost ...


November 14, 2014, 4:05 pm, 1371660

Obama’s recent trip to Beijing revealed that China is ready to begin the operations of the Asian Infrastructure Investment Bank (AIIB)—another international financial institution in the dazzling panoply of development banks—as early as next year. The AIIB is supposed to finance infrastructure projects in the Asia-Pacific region, in the ballpark ...


November 14, 2014, 2:05 pm, 1371581

One of the central tenets of progressivism has been that more democracy is the solution to “what is wrong with politics.” That is why progressives have aimed at circumventing limitations on popular opinion’s power over legislation and regulation, as if in response to Woodrow Wilson’s lament that “something intervenes between ...


November 14, 2014, 12:05 pm, 1371500

This episode features an abridged audio version of Jeff Deist’s talk from the Mises Circle event in Southern California on 8 November 2014. He argues that the state is losing its primary asset — namely, legitimacy in the eyes of those it would govern — due to its own huge ...


November 14, 2014, 12:05 pm, 1371499

Hundreds of great photos from our sold out Mises Circle event in Southern California can be found here, including photos of Ron Paul, David Gordon, Lew Rockwell, and Judge Andrew Napolitano. Over 300 attendees participated in our energetic discussion of Society Without the State. Be sure to make ...