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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If there’s hope for party ...
I wonder: what percentage of people who believe that the wealth of modern first-world countries is the result of ...
In this short video, Johan Norberg eloquently explains that economic growth cleanses humans’ environment.
… is from page 74 of the late William Niskanen’s August 1998 speech “Creating Good Jobs and Good Wages,” which ...
… is from page 19 of Christopher Achen’s and Larry Bartels’s new (2016) book, Democracy for Realists ...
Lately I feel as I imagine an astronomer would today feel if, centuries after Copernicus and Galileo proved beyond a shadow of a ...
Phil Magness helps us to see that Donald Trump is a vulgar Alexander Hamilton. Here’s Phil’s conclusion:
Since then [the time ...