Economics Roundtable

May 2014 Payroll Employment

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

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Jobs

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 .


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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?


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EconModel

The Economics Roundtable is sponsored by EconModel.

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


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Cafe Hayek


June 28, 2016, 10:04 pm, 1649331
(Don Boudreaux)

… is from page 143 of the final volume (2016) – Bourgeois Equality – of Deirdre McCloskey’s ...


June 28, 2016, 6:04 pm, 1649300
(Don Boudreaux)

This Thursday (June 30th), from 6:00 to 7:30pm, the Mercatus Center will host a reception to formally launch its new Program on the ...


June 28, 2016, 12:04 pm, 1649167
(Don Boudreaux)

Here’s a letter to WTOP Radio:

Apparently worried about a looming shortage of rental units in Montgomery County, ...


June 28, 2016, 8:04 am, 1649089
(Don Boudreaux)

… is from pages 261-262 of Anthony de Jasay’s remarkable 1998 book, The State (original emphasis; footnotes deleted):

Since ...


June 27, 2016, 6:04 pm, 1648953
(Don Boudreaux)

In popular discourse, America is said to be more “pro-business” than is France.  When people use this term ...


June 27, 2016, 12:04 pm, 1648819

June 27, 2016, 10:04 am, 1648777
(Don Boudreaux)

… is from page 112 of Matt Ridley’s excellent 2015 book, The Evolution of Everything:

You will often here ...


June 26, 2016, 6:04 pm, 1648629
(Don Boudreaux)

Here’s a letter to a rising high-school senior in New Jersey who plans to major in economics when he ...


June 26, 2016, 4:04 pm, 1648618

June 26, 2016, 12:04 pm, 1648596
(Don Boudreaux)

… is from page 235 of the Appendix to the 1991 Liberty Press edition of Bruno Leoni’s 1961 volume,