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?
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
Gary Bryant, in an e-mail, asks:
What is [the] most ridiculous economic fallacy that is believed by a ...
… is from a personal conversation that I had in the summer of 1991 with Julian Simon. I was then ...
On this post, Bob Guzzardi offers this comment:
Free Trade has winners and losers at ...
Kenneth Regas e-mails me (link added):
Dear Professor Boudreaux,
… is from page 111 of the 1978 collection, edited by Eric Mack, of Auberon Herbert’s essays, The Right and ...
… is from page 214 of the 5th edition (2015) of Thomas Sowell’s Basic Economics:
White South African landlords likewise ...