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.
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?
The Economics Roundtable is sponsored by EconModel.
The Classic Economic Models cover micro, macro, and financial markets.
Aside from the basic numbers of budgetary imbalances and continuing fiscal pressures, ...
… is from page 8 of my colleague Chris Coyne’s superb 2008 book, After War: The Political Economy of Exporting ...
Here’s a letter to the Wall Street Journal:
Neil King reports that many prominent people agree ...
The dominant theme of some of the great classic works in the classical-liberal tradition – books such as Ludwig ...
… is from page 39 of the 1993 Reissue edition of Darrell Huff’s classic 1954 volume, How to Lie With ...
This entire post, at Marginal Revolution, by Tyler Cowen should be read. It offers yet ...
… is from pages 140-141 of 1963 Norton Library edition of the superb posthumous 1951 collection of some of
Thomas Piketty famously argues that owners of capital grab ever-larger shares of wealth, and that the single best ‘solution’ to ...