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

July 13, 2015, 8:12 am, 1507950

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 ...

July 13, 2015, 8:12 am, 1507951

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 ...

July 13, 2015, 8:12 am, 1507945

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 ...

July 13, 2015, 8:12 am, 1507949

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 ...

July 13, 2015, 8:12 am, 1507948

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 ...

July 13, 2015, 8:12 am, 1507946

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 ...

July 13, 2015, 8:12 am, 1507947

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 ...

July 13, 2015, 8:12 am, 1507944

Michael Pullaro over at 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 ...

July 13, 2015, 8:12 am, 1507942

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

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

July 13, 2015, 8:12 am, 1507943

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 ...