Economics Roundtable

January 2014 Payroll Employment

We are getting closer to the previous peak.

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 .


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.


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Mises Economics Blog


April 20, 2014, 2:04 pm, 1257995

Continental record high skyscrapers have occurred in Europe and more recently in China and North America. Such regional or continental records indicate looming economic crisis as did happen in Europe and seems to be unfolding in China and North America.

More recently we have learned that world record setting skyscrapers ...


April 20, 2014, 10:05 am, 1257968

Michael Oliver, the man who coined the term Anarcho-capitalism is interviewed on Jeff Berwick’s Anarchast. Oliver is now a market technician, but over 40 years ago he wrote a book: The New Libertarianism: Anarcho-Capitalism. In the book he shows that Ayn Rand’s objectivism needs the economics and political theory ...


April 19, 2014, 2:04 am, 1257731

Foreign individuals and businesses long ago cut back on their purchases of U.S. bonds. Their place was taken by foreign central banks. The central banks simply created money in their own currency and used it to buy our bonds.

The Federal Reserve always knew that we couldn’t rely on foreign central ...


April 18, 2014, 4:06 pm, 1257678

The internet is filled with talk of the fourth season of HBO’s Game of Thrones. This is welcome news, as Game of Thrones probably offers economists more teachable moments than any show currently on the air (even House of Cards). Fans are probably familiar with its economic themes ...


April 18, 2014, 2:04 pm, 1257662

Who enriches himself while talking a Keynesian game?  Jeff Deist offers a hypothesis:

http://www.economicpolicyjournal.com/2
014/04/does-warren-buffett-talk-like.html


April 18, 2014, 12:05 pm, 1257608

David Gordon writes in today’s Mises Daily: 

Faced with a welter of arguments in conflict, what is the perplexed libertarian to do? Butler Shaffer’s superb monograph offers an easy way to unravel the IP puzzles. He starts from a fundamental principle basic ...


April 18, 2014, 12:05 pm, 1257607

Per Bylund’s column “What Sweden Can Teach Us About ObamaCare” is in today’s WSJ:

President Obama has declared the Affordable Care Act a success—a reform that is “here to stay.” The question remains, however: What should we expect to come ...


April 18, 2014, 6:04 am, 1257503

The University of Angers, France has become an excellent place for doctoral work in Austrian economics, thanks to the leadership of Guido Hülssmann. Several top younger Austrian scholars such as Eduard Braun, Amadeus Gabriel, and Matt McCaffrey ‎– all former Mises ...


April 17, 2014, 4:04 pm, 1257221

Kurt Schuler writes:

Nearly two years ago I mentioned the French economist Philippe Nataf and his small but active publishing house, Editions Charles Coquelin. Its namesake Charles Coquelin was a 19th-century French classical liberal who wrote on banking and business cycles, among ...


April 17, 2014, 2:04 pm, 1257139

By Tim Price

[The Cobden Centre]

“The European Central Bank has given its strongest signal yet that it is prepared to embrace quantitative easing to prevent the euro zone from sliding into deflation or even a prolonged period of low inflation.”

- ‘Draghi strengthens QE signal’, Financial Times, April 4, 2014.

Yes, ...