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.


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


August 27, 2014, 12:05 pm, 1325369

Mises Daily Wednesday by Devin Leary-Hanebrink:

The Fed and it’s friends blamed cold weather for much of the year’s lackluster economic growth. But cold weather does not explain the economic slowdown because cold weather does not stop ...


August 27, 2014, 12:05 pm, 1325368

According to Terry L. Anderson and Daniel Botkin, “Fighting Western Fires with Economics” is a good idea.

Were I writing an essay with this title, I would emphasize the role of private property rights. If all forests were owned by individuals ...


August 27, 2014, 12:05 pm, 1325367

The 100th anniversary of the beginning of World War I seems like an ideal opportunity to spread a message of peace and economic cooperation; sadly, 2014 has so far been a year of new and renewed conflict far more than one ...


August 27, 2014, 12:05 pm, 1325366

Whenever you see the words “Lockheed Martin” you should think “taxpayer-funded cronyism,” so when I saw the recent Drudge headline that read “LOCKHEED seeks to clean up space…” I mentally added the clause “with money stolen from taxpayers.”

The space junk crisis ...


August 26, 2014, 2:05 pm, 1324810

Mises Daily Tuesday by Ken Zahringer:

Supporters of government interventions like minimum wages often pretend the economy is far less complex than it really is, and then conjure up a statistic as evidence of success. Careful analysis reveals ...


August 25, 2014, 12:05 pm, 1324090

Der Spiegel reports on the Mars One project to colonize Mars with funding coming from an expected $6 billion in broadcasting rights in what would be a sort of interplanetary Truman Show.  Over 700 people are competing for ...


August 25, 2014, 8:05 am, 1323943

Mises Daily Monday by Frank Shostak:

The longer central banks world wide persist with their loose monetary policies the greater the risk of severely damaging the wealth-generating process is. This in turn raises the likelihood of a prolonged stagnation.


August 24, 2014, 4:05 pm, 1323755

Central bankers and their economists had their annual retreat to Jackson Hole Wyoming this past week. Given all of their self-proclaimed success in curing the economic crisis with their Zero Interest Rate Policy (ZIRP) and Quantitative Easing (QE). You would think that the event would have been ...


August 23, 2014, 4:05 pm, 1323574

Jeff Deist and Marc J. Victor discuss what’s happening in Ferguson, our disappearing legal rights, and how having Butler Shaffer as a law professor radicalized him and shaped his libertarian views.


August 23, 2014, 2:05 pm, 1323556

Mises Daily weekend by Jeff Deist:

We know that state monopolies invariably provide worse and worse services for more and more money. Police services are no exception. When it comes to your local police, there is no shopping around, there is no ...