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?
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… is from page 143 of the final volume (2016) – Bourgeois Equality – of Deirdre McCloskey’s ...
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 ...
Here’s a letter to WTOP Radio:
Apparently worried about a looming shortage of rental units in Montgomery County, ...
… is from pages 261-262 of Anthony de Jasay’s remarkable 1998 book, The State (original emphasis; footnotes deleted):
In popular discourse, America is said to be more “pro-business” than is France. When people use this term ...
… is from page 112 of Matt Ridley’s excellent 2015 book, The Evolution of Everything:
You will often here ...
Here’s a letter to a rising high-school senior in New Jersey who plans to major in economics when he ...
Washington Post columnist Robert Samuelson reports the findings of Urban Institute economist Stephen Rose who examined changes in ...
… is from page 235 of the Appendix to the 1991 Liberty Press edition of Bruno Leoni’s 1961 volume,