Economics Roundtable

Technical Problems 3/9/15

The website was down several hours today, but is back up now.

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.


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Cafe Hayek

May 24, 2015, 10:04 am, 1479747

May 24, 2015, 10:04 am, 1479748
(Don Boudreaux)

… is from pages 56 of Angus Deaton’s 2013 book, The Great Escape:

There is not a single country in the ...

May 23, 2015, 6:04 pm, 1479623
(Don Boudreaux)

I will return in a later post to the topic of my previous post, ...

May 23, 2015, 12:04 pm, 1479536
(Don Boudreaux)

In comments on earlier posts Daniel Kuehn claims that his support for allowing local ...

May 23, 2015, 8:04 am, 1479464
(Don Boudreaux)

… is from page 86 of University of London historian Frank Trentmann’s excellent 2008 book, Free Trade Nation: Commerce, Consumption, ...

May 22, 2015, 6:04 pm, 1479351
(Don Boudreaux)

… from a recent Facebook post by Truong Bui; it’s a wise response to an article by Daniel ...

May 22, 2015, 10:04 am, 1479031
(Don Boudreaux)

… is from page 223 of the 5th edition (2015) of Thomas Sowell’s Basic Economics:

Just as businesses seek to have ...

May 22, 2015, 8:04 am, 1478932
(Don Boudreaux)

In this earlier post I argued that if real-world hikes in the minimum wage were in fact ...

May 21, 2015, 10:04 pm, 1478771
(Don Boudreaux)

The only economic case for raising the minimum wage that is even potentially theoretically sound is the case built ...

May 21, 2015, 4:04 pm, 1478608