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

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Cafe Hayek


May 23, 2016, 8:04 pm, 1639163
(Don Boudreaux)

… is from page 570 of the final volume – Bourgeois Equality – of Deirdre McCloskey’s indispensable ...


May 23, 2016, 6:04 pm, 1639142
(Don Boudreaux)

David Henderson does a nice job summarizing why stripping workers of the right ...


May 23, 2016, 2:04 pm, 1639057

May 23, 2016, 10:04 am, 1638974
(Don Boudreaux)

… is from page 130 of the 2007 Definitive Edition (Bruce Caldwell, ed.) of F.A. Hayek’s classic 1944 volume, The ...


May 22, 2016, 10:04 am, 1638735

May 22, 2016, 8:04 am, 1638730
(Don Boudreaux)

… is from page 98 of the final volume – Bourgeois Equality – of economic-historian Deirdre McCloskey’s vital ...


May 21, 2016, 2:04 pm, 1638624
(Don Boudreaux)

My friend Mike Long sent the following to me by ...


May 21, 2016, 2:04 pm, 1638623

May 21, 2016, 10:04 am, 1638608
(Don Boudreaux)

I either had never learned, or I had completely forgotten, that in 2007 Nobel laureate ...


May 21, 2016, 10:04 am, 1638607