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.

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Mises Economics Blog

October 31, 2014, 4:05 pm, 1361821

Jeff Deist and Patrick Barron continue their discussion on monetary imperialism. They delve deeper into US dollar supremacy, and how it might end with a whimper instead of a bang; how the Bundesbank is a potential savior for the world monetary order, ...

October 31, 2014, 4:05 pm, 1361820

Just when the current “discussion” on economics by public intellectuals like Paul Krugman hits bottom, Business Week decides to dig the hole even deeper by lionizing John Maynard Keynes. Keynes, according to BW, had the theories that can “fix” the currently moribund world economy.

There is a doctor in the ...

October 31, 2014, 4:05 pm, 1361819

The Bank of Japan announced an unexpected major increase in its Quantitative Easing policy increasing its purchases from 50 to 80 trillion Yen sending US stock markets to all time highs and Japanese markets to multi-year highs. Some people made a bundle because of the move, others lost a bundle.

October 31, 2014, 4:05 pm, 1361818

Once in a while, the gold standard makes a comeback in the public eye. Most recently it’s happened in connection to Steve Forbes’ book, Switzerland’s referendum, and the approaching mid-term elections in the US. Each time it’s a pleasant surprise, and a definite change of pace from ...

October 31, 2014, 2:05 pm, 1361727

 The 2022 Olympics (i.e., the Winter Games) is now down to only two applicant nations: China and Kazakhstan. This follows the withdrawal of Norway after the taxpayers of Norway balked on ponying up the cash necessary to make the Olympics ...

October 31, 2014, 4:05 am, 1361359

For the last decade (or more), Canadians have been ebullient about their home-grown housing boom. Home prices in Toronto have grown by leaps and bounds over the past decade. New homeowners have rushed in to take advantage of what seems like a surefire path to riches.

Unfortunately while your home might ...

October 30, 2014, 8:05 pm, 1361098

Reading the news, one could be forgiven for coming to the conclusion that virtually all economists work for the government or the Fed, and that few of them have real (i.e., private sector) jobs. Of course, there are many practitioners of microeconomics ...

October 30, 2014, 8:05 pm, 1361097

PressTV Reports:

Over the past several years, most of the attention of the eurozone debt crisis has been focused on the economic struggles of Greece, Spain and Portugal and without a doubt things will continue to get even worse in those nations.

However, the predictions have been that in 2014 and 2015, ...

October 30, 2014, 6:05 pm, 1361030

One can make the case that in a thoroughly decentralized and anarchistic (and therefore, more free) society, persons may find themselves in a state of practical quarantine because private owners of airlines, airports, lodging facilities, and even communities with private security may ...

October 30, 2014, 6:05 pm, 1361029

Ben Kramer-Miller writes at Seeking Alpha:


A series of newsletter articles and shorter essays designed for the layperson interested in libertarian ideas and free market thought. The book is highly entertaining and extremely accessible to people of all backgrounds. Rothbard’s bluntness is appreciated in ...