Economics Roundtable

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 .

Click on the image to get a bigger version.

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

October 27, 2016, 10:04 am, 1687362
(Don Boudreaux)

Here’s a letter to a correspondent:

Mr. Bill Sieta

Mr. Sieta:

Objecting to my ...

October 27, 2016, 10:04 am, 1687363
(Don Boudreaux)

… is from page 80 of Angus Deaton’s 2013 book, The Great Escape:

October 26, 2016, 4:04 pm, 1687091
(Don Boudreaux)

Here’s a letter to the Wall Street Journal:

Wilbur Ross’s and Peter ...

October 26, 2016, 2:04 pm, 1687044
(Don Boudreaux)

A short – less than 30 minutes – high-quality film by John Papola reveals the inhumanity of the ...

October 26, 2016, 12:04 pm, 1686993

October 26, 2016, 10:04 am, 1686955
(Don Boudreaux)

… is from page 107 of Harold Demsetz’s important April 1969 article in the Journal of Law & Economics, “

October 25, 2016, 8:04 pm, 1686738
(Don Boudreaux)

Here’s a letter to the Los Angeles Times:

Michael Hiltzik ridicules economist Greg Mankiw for defending ...

October 25, 2016, 12:04 pm, 1686565

October 25, 2016, 8:04 am, 1686480
(Don Boudreaux)

… is from pages 216-217 of the 1990 Transaction Publishers reprint of W.H. Hutt‘s excellent 1936 book,

October 24, 2016, 4:04 pm, 1686250
(Don Boudreaux)

… is from the late Clemson University (and GMU) economist Bob ...