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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The Classic Economic Models cover micro, macro, and financial markets.
As Jim McClure points out in a Facebook comment, the editors of The Economist – in
… is from page 5 of the third edition (2015) of my colleagues Tyler Cowen’s and Alex Tabarrok’s principles-of-microeconomics textbook, ...
Reason’s Matt Welch applauds what Gary Johnson says about immigration. A slice from Matt’s article:
… is from pages 290-291 of the 1990 Transaction Publishers reprint of W.H. Hutt‘s superb (but now, sadly, ...
Here’s a letter to a new correspondent of mine:
Mr. Sean Horvath
Thanks for your e-mail – in response to ...
If the devil is in the details, and if the details can be hidden from view by lumping them all into various aggregate ...
… is from page 35 of Richard Stroup’s 2003 book, Eco-nomics: What Everyone Should Know About Economics and ...
… is from page 273 of the 1997 Johns Hopkins University Press edition of H.L. Mencken’s indispensable 1956 collection, ...
Several years ago Uncle Sam declared Jones, a man in his mid-40s, to be uniquely entitled to retire immediately at ...