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


July 20, 2014, 10:05 pm, 1303749

See our Instagram page for more photos.

Jeff Deist welcomes the students. 

Joes Salerno introduces the faculty.


July 20, 2014, 4:05 pm, 1303733
Xavier Méra, a Rothbard Graduate Seminar alum and former Mises Fellow, emails:

Two weeks ago or so, I successfully defended my PhD dissertation on the “political economy of derivatives markets” at the University of Angers. The jury was a half Austrian, half mainstream one, including a prominent professor in ...


July 20, 2014, 4:05 pm, 1303731

This schedule will link you directly to each streaming video session as they happen.

Click the lecture titles below at the scheduled times to watch the live webcasts on YouTube.

July 20–26, 2014 • Mises Institute

• All times are central daylight time except where noted.

For ...


July 20, 2014, 4:05 pm, 1303732

In this audio debate, Philipp Bagus, author of The Tragedy of the Euro, debates Franz Hörmann. Here is
an interview with Hörmann to provide some additional context.

The debate is in German, but Dr. Bagus provided a summary of the debate for us in English:

I explained why competition is ...


July 20, 2014, 2:05 pm, 1303719

Join the Mises Institute as we welcome more than 130 students from all over the world to our Auburn campus! Mises U 2014 is a full week of Austrian scholarship that can’t be found anywhere else on the planet.

Judge Andrew Napolitano, Tom Woods, Walter Block, Bob Murphy, Robert Higgs, Tom DiLorenzo, and ...


July 20, 2014, 12:05 pm, 1303700

A New York Times investigation has revealed another bubble, in this case, subprime loans on used cars. Of course this is not a surprise given the Federal Reserves ultra loose monetary policy and near zero percent interest rates that has forced banks, insurance companies, and just about everyone else ...


July 20, 2014, 2:05 am, 1303564

Warren reviewed eleven tenets of contemporary progressivism  in a July 18 speech before Netroots Nation . She should be commended. Very often progressive politicians prefer to talk about “hope and change” rather than what they  really stand for. Her list is not free of exaggerated rhetoric, such as claiming the ...


July 19, 2014, 6:05 pm, 1303532

Here is another interview about his recent article on immigration and the war on drugs. This one is with The Heartland Institute.


July 19, 2014, 6:05 pm, 1303531

Be sure to visit the Audio Mises Daily page if you prefer audio versions of the Daily articles. Some recent titles:

Industrial Policy Is Still a Loser by  & 

Jean-Baptiste Say: An ...


July 19, 2014, 4:05 pm, 1303523

One of the least tolerant places around is the US university campus, with its speech codes, disdain for dissenting social and cultural opinions, voluntary self-censorship, and slavish devotion to political correctness. “Diversity” is the mantra, but diversity of opinion on economics, history, and politics is generally unacceptable. So, ...