Economics Roundtable

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?


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EconModel

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Cafe Hayek


July 29, 2016, 8:04 am, 1658553

July 29, 2016, 12:04 am, 1658437
(Don Boudreaux)

Here’s a comment, in full, from one “Bob” on this Marginal Revolution ...


July 28, 2016, 4:04 pm, 1658283
(Don Boudreaux)

Here’s a letter to someone (no relation, I’m sure, to Russ Roberts) who describes himself as “a proud ...


July 28, 2016, 2:04 pm, 1658241
(Don Boudreaux)

Heres a paragraph from Will Swaim’s recent op-ed in the Los Angeles Times (emphasis added):

If there’s hope for party ...


July 28, 2016, 12:04 pm, 1658197
(Don Boudreaux)

I wonder: what percentage of people who believe that the wealth of modern first-world countries is the result of ...


July 28, 2016, 10:04 am, 1658146
(Don Boudreaux)

In this short video, Johan Norberg eloquently explains that economic growth cleanses humans’ environment.


July 28, 2016, 8:04 am, 1658108
(Don Boudreaux)

… is from page 74 of the late William Niskanen’s August 1998 speech “Creating Good Jobs and Good Wages,” which ...


July 27, 2016, 10:04 pm, 1657934
(Don Boudreaux)

… is from page 19 of Christopher Achen’s and Larry Bartels’s new (2016) book, Democracy for Realists ...


July 27, 2016, 6:04 pm, 1657860
(Don Boudreaux)

Lately I feel as I imagine an astronomer would today feel if, centuries after Copernicus and Galileo proved beyond a shadow of a ...


July 27, 2016, 2:04 pm, 1657772
(Don Boudreaux)

Phil Magness helps us to see that Donald Trump is a vulgar Alexander Hamilton.  Here’s Phil’s conclusion:

Since then [the time ...