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?


Click on the chart for a larger version.


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Cafe Hayek


February 8, 2016, 8:04 pm, 1606567
(Don Boudreaux)

Gary Bryant, in an e-mail, asks:

What is [the] most ridiculous economic fallacy that is believed by a ...


February 8, 2016, 6:04 pm, 1606525
(Don Boudreaux)

In response to this recent post, the great Deirdre McCloskey sent the following ...


February 8, 2016, 12:04 pm, 1606398

February 8, 2016, 8:04 am, 1606312
(Don Boudreaux)

… is from a personal conversation that I had in the summer of 1991 with Julian Simon.  I was then ...


February 7, 2016, 2:04 pm, 1606176
(Don Boudreaux)

On this post, Bob Guzzardi offers this comment:

Free Trade has winners and losers at ...


February 7, 2016, 10:04 am, 1606138
(Don Boudreaux)

… is from page 53 of the 3rd (2008) edition of Vincent Ostrom‘s 1973 volume, The Intellectual Crisis ...


February 6, 2016, 4:04 pm, 1606044
(Don Boudreaux)

Kenneth Regas e-mails me (link added):

Dear Professor Boudreaux,

On the EconLog blog Professor Caplan recently opined that ...


February 6, 2016, 8:04 am, 1605982
(Don Boudreaux)

… is from page 111 of the 1978 collection, edited by Eric Mack, of Auberon Herbert’s essays, The Right and ...


February 5, 2016, 4:04 pm, 1605845
(Don Boudreaux)

On his Facebook page (but, at least so far, not at his excellent blog, Carpe Diem) ...


February 5, 2016, 10:04 am, 1605699
(Don Boudreaux)

… is from page 214 of the 5th edition (2015) of Thomas Sowell’s Basic Economics:

White South African landlords likewise ...