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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The Classic Economic Models cover micro, macro, and financial markets.
This weekend I’m in Tucson attending a Liberty Fund conference on law, legislation, and property rights – particularly as ...
… is from page 243 of David Friedman’s excellent 1996 book, Hidden Order:
The term “monopoly” originated in just this ...
… is from page 328 of Arnold Kling‘s superb 2004 book, Learning Economics:
Ultimately, it is people who make ...
… is from page 72 of Deirdre McCloskey’s pioneering 2010 volume, Bourgeois Dignity:
Economic historians agree that the poor have ...
A regular Cafe Hayek patron asked, in a message over Facebook, my opinion of a universal basic income ...
… is from page 196 of the 2011 Definitive Edition (Ronald Hamowy, ed.) of F.A. Hayek’s 1960 volume, The ...
In this Prager University video, historian Burt Folsom explains why private investment works better than does government investment.
… is from page 76 of the Second Edition (1999) of R.W. Grant’s The Incredible Bread Machine:
The politician ...