Economics Roundtable

Database Maintenance 7/4/15

Routine database maintenance will induce some duplicated items for the next day or two.


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?


Click on the chart for a larger version.


EconModel

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Cafe Hayek


August 4, 2015, 10:04 am, 1521611
(Don Boudreaux)

Tom Miller reflects on 50 years of Medicare.  A slice:

Aside from the basic numbers of budgetary imbalances and continuing fiscal pressures, ...


August 4, 2015, 10:04 am, 1521612
(Don Boudreaux)

… is from page 8 of my colleague Chris Coyne’s superb 2008 book, After War: The Political Economy of Exporting ...


August 3, 2015, 8:04 pm, 1521249
(Don Boudreaux)

Here’s a letter to the Wall Street Journal:

Neil King reports that many prominent people agree ...


August 3, 2015, 2:04 pm, 1521021

August 3, 2015, 2:04 pm, 1521020
(Don Boudreaux)

The dominant theme of some of the great classic works in the classical-liberal tradition – books such as Ludwig ...


August 3, 2015, 10:04 am, 1520859
(Don Boudreaux)

… is from page 39 of the 1993 Reissue edition of Darrell Huff’s classic 1954 volume, How to Lie With ...


August 2, 2015, 8:04 pm, 1520594

August 2, 2015, 10:04 am, 1520463
(Don Boudreaux)

Tim Worstall elaborates on my recent post on how Uber and other sharing-economy innovations is helping both to increase the ...


August 2, 2015, 10:04 am, 1520464
(Don Boudreaux)

… is from pages 140-141 of 1963 Norton Library edition of the superb posthumous 1951 collection of some of


August 1, 2015, 10:04 am, 1519988
(Don Boudreaux)

Thomas Piketty famously argues that owners of capital grab ever-larger shares of wealth, and that the single best ‘solution’ to ...