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.


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Cafe Hayek

August 30, 2016, 2:04 pm, 1668835
(Don Boudreaux)

As Jim McClure points out in a Facebook comment, the editors of The Economist – in

August 30, 2016, 10:04 am, 1668751
(Don Boudreaux)

… is from page 5 of the third edition (2015) of my colleagues Tyler Cowen’s and Alex Tabarrok’s principles-of-microeconomics textbook, ...

August 30, 2016, 8:04 am, 1668712

August 29, 2016, 8:04 pm, 1668619
(Don Boudreaux)

… is from pages 290-291 of the 1990 Transaction Publishers reprint of W.H. Hutt‘s superb (but now, sadly, ...

August 29, 2016, 2:04 pm, 1668506
(Don Boudreaux)

Here’s a letter to a new correspondent of mine:

Mr. Sean Horvath

Mr. Horvath:

Thanks for your e-mail – in response to ...

August 29, 2016, 2:04 pm, 1668505
(Don Boudreaux)

If the devil is in the details, and if the details can be hidden from view by lumping them all into various aggregate ...

August 29, 2016, 8:04 am, 1668374

August 29, 2016, 8:04 am, 1668373
(Don Boudreaux)

… is from page 35 of Richard Stroup’s 2003 book, Eco-nomics: What Everyone Should Know About Economics and ...

August 28, 2016, 10:04 pm, 1668281
(Don Boudreaux)

… is from page 273 of the 1997 Johns Hopkins University Press edition of H.L. Mencken’s indispensable 1956 collection, ...

August 28, 2016, 4:04 pm, 1668245
(Don Boudreaux)

Several years ago Uncle Sam declared Jones, a man in his mid-40s, to be uniquely entitled to retire immediately at ...