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 .
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.
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?
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I just learned the very sad news that Carolyn Weaver has died, at the too-young age of 63. Carolyn was a ...
Here’s a letter to a long-time skeptical Cafe Hayek patron:
Mr. Ken Quinn
Dear Mr. Quinn:
Thanks for your e-mail. I did indeed read the ...
… is from pages 220-221 of the 5th edition (2015) of Thomas Sowell’s Basic Economics:
Making it illegal to pay less ...
The USA has become a legal nightmare ...
Once upon a time in the town of Crowville, somewhere deep in the heartland of America, the town elders secured the imposition ...
… is from page 233 of Milton & Rose Friedman’s great 1980 book, Free To Choose (first emphasis original; second ...
Reason’s Jim Epstein just produced this superb video on how Uber is creatively destroying New York ...