Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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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.

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Cafe Hayek

September 4, 2015, 4:04 pm, 1539532

September 4, 2015, 2:04 pm, 1539456
(Don Boudreaux)

I just learned the very sad news that Carolyn Weaver has died, at the too-young age of 63.  Carolyn was a ...

September 4, 2015, 2:04 pm, 1539455
(Don Boudreaux)

Here’s a letter to a long-time skeptical Cafe Hayek patron:

Mr. Ken Quinn

Dear Mr. Quinn:

Thanks for your e-mail.  I did indeed read the ...

September 4, 2015, 8:04 am, 1539231
(Don Boudreaux)

… is from pages 220-221 of the 5th edition (2015) of Thomas Sowell’s Basic Economics:

Making it illegal to pay less ...

September 3, 2015, 12:04 pm, 1538749
(Don Boudreaux)

Here’s Bob Higgs at his best.  And again here – from which comes this slice:

The USA has become a legal nightmare ...

September 3, 2015, 10:04 am, 1538678
(Don Boudreaux)

… is from page 335 of the original edition of Edwin Cannan’s 1927 collection, An Economist’s Protest; specifically, it’s ...

September 2, 2015, 4:04 pm, 1538225
(Don Boudreaux)

Once upon a time in the town of Crowville, somewhere deep in the heartland of America, the town elders secured the imposition ...

September 2, 2015, 8:04 am, 1537910
(Don Boudreaux)

… is from page 233 of Milton & Rose Friedman’s great 1980 book, Free To Choose (first emphasis original; second ...

September 1, 2015, 8:04 pm, 1537671
(Don Boudreaux)

Mr. Bob Keener
Business for a Fair Minimum Wage

Dear Mr. Keener:

In your ...

September 1, 2015, 4:04 pm, 1537537
(Don Boudreaux)

Reason’s Jim Epstein just produced this superb video on how Uber is creatively destroying New York ...