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.


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Mises Economics Blog


July 30, 2014, 6:05 pm, 1308363

Regarding Nicolás Cachanosky’s insightful article this morning on Argentina’s coming default, I would just add that it can’t come soon enough.  Although one can only imagine what kinds of behind-the-scenes pressure Argentine President Cristina President Kirchner and central bank head ...


July 30, 2014, 6:05 pm, 1308362

…it un-ironically wonders aloud who’s been suppressing volatility and compressing yields. “Who could it be who’s been doing that?” Grant asks.

Grant notes there are some investment opportunities in Russia and then says “One form of investment that is almost as thoroughly hated as Russia ...


July 30, 2014, 2:05 pm, 1308194

The July issue of The Free Market is now available online, with a new essay on money from Joe Salerno and an interview with Randy Holcombe about his new economics textbook.

Salerno explores some misconceptions about money and the new “gold standard” proposed ...


July 30, 2014, 12:05 pm, 1308109

Mises Daily Wednesday by Nicolás Cachanosky:

Argentina’s government is on the verge of default yet again. How could this happen three times in thirty years? Well, the Argentine government has a habit of spending ...


July 30, 2014, 12:05 pm, 1308110

Archived from the live broadcast, this Mises University lecture was presented at the Mises Institute in Auburn, Alabama, on 25 July 2014.


July 30, 2014, 12:05 pm, 1308107

I earlier linked to this talk at the Segovia Cathedral by Jesús Huerta de Soto about the Spanish Scholastics. Now, it has been subtitled  in Chinese (presumably Mandarin) by Tyler Xiong Yue with the assistance of Mises Institute 2014 Summer Fellow Jingjing Wang. Click here for the video.  


July 30, 2014, 12:05 pm, 1308108

By George Reisman who reveals Piketty’s shocking unawareness of even the basic economic theory related to his large, statistic-filled tome.


July 30, 2014, 12:05 pm, 1308106

The faculty and students of Mises U 2014 (many more photos here and here and here):


July 29, 2014, 8:05 pm, 1307607

The Drudge Report and other media outlets have  done their best to create a panic over the spread of Ebola in western Africa. It’s a safe bet that, if it hasn’t happened already, some devoted interventionists will point to disease epidemics as ...


July 29, 2014, 4:05 pm, 1307453

As an apparently war-minded people, Americans (or at least, our American political leaders) have been comfortable framing parts of the domestic policy agenda as wars for decades. Two of the most prominent have been the War on Poverty and the War on Drugs.

Despite the similarity in their names, there is ...