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.


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.


The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.

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Cafe Hayek

October 2, 2015, 10:04 am, 1552391
(Don Boudreaux)

Here’s an open letter to Cafe Hayek commenter Thomas Hutcheson:

Dear Mr. ...

October 2, 2015, 10:04 am, 1552392
(Don Boudreaux)

… is from pages 220-221 of David Henderson’s excellent 2002 book, The Joy of Freedom

Herbert Hoover, in the midst ...

October 1, 2015, 10:04 am, 1551785
(Don Boudreaux)

This screen shot is from an e-mail sent to me yesterday by my dear friend Roger Meiners. (Click to enlarge and ...

October 1, 2015, 10:04 am, 1551784

October 1, 2015, 8:04 am, 1551713
(Don Boudreaux)

… is from pages 6-7 of David Neumark’s and William L. Wascher’s 2008 book, Minimum Wages:

Based on the extensive research ...

September 30, 2015, 6:04 pm, 1551506
(Don Boudreaux)

Here’s a letter to one of three (!) people who e-mailed me today to complain that those of us who wish ...

September 30, 2015, 4:04 pm, 1551428
(Don Boudreaux)

University of Central Arkansas economics professor (and GMU Econ alum) Jeremy Horpedahl surveys the blogosphere and discovers that normally vocal left-leaning economists ...

September 30, 2015, 8:04 am, 1551114
(Don Boudreaux)

… is from page 496 of the 5th edition (2015) of Thomas Sowell’s Basic Economics:

Even more effective disguises for international ...

September 29, 2015, 12:04 pm, 1550681
(Don Boudreaux)

Here’s a letter to the Charleston Post & Courier:

Stephen Aaron argues that the Export-Import Bank should be ...

September 29, 2015, 8:04 am, 1550532
(Don Boudreaux)

… is from page 130 of volume III (“The Political Order of a Free People,” 1979) of Hayek’s Law, Legislation, ...