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 .

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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?

Click on the chart for a larger version.


The Economics Roundtable is sponsored by EconModel.

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

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Cafe Hayek

April 29, 2016, 8:04 pm, 1631463
(Don Boudreaux)



This weekend I’m in Tucson attending a Liberty Fund conference on law, legislation, and property rights – particularly as ...

April 29, 2016, 10:04 am, 1631269

April 29, 2016, 8:04 am, 1631215
(Don Boudreaux)

… is from page 243 of David Friedman’s excellent 1996 book, Hidden Order:

The term “monopoly” originated in just this ...

April 28, 2016, 10:04 pm, 1631048
(Don Boudreaux)

… is from page 328 of Arnold Kling‘s superb 2004 book, Learning Economics:

Ultimately, it is people who make ...

April 28, 2016, 6:04 am, 1630728
(Don Boudreaux)

… is from page 72 of Deirdre McCloskey’s pioneering 2010 volume, Bourgeois Dignity:

Economic historians agree that the poor have ...

April 27, 2016, 12:04 pm, 1630422
(Don Boudreaux)

A regular Cafe Hayek patron asked, in a message over Facebook, my opinion of a universal basic income ...

April 27, 2016, 10:04 am, 1630381
(Don Boudreaux)

… is from page 196 of the 2011 Definitive Edition (Ronald Hamowy, ed.) of F.A. Hayek’s 1960 volume, The ...

April 27, 2016, 10:04 am, 1630380

April 27, 2016, 12:04 am, 1630255
(Don Boudreaux)

In this Prager University video, historian Burt Folsom explains why private investment works better than does government investment.

April 27, 2016, 12:04 am, 1630254
(Don Boudreaux)

… is from page 76 of the Second Edition (1999) of R.W. Grant’s The Incredible Bread Machine:

The politician ...