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.


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Cafe Hayek

September 24, 2016, 4:04 pm, 1678230
(Don Boudreaux)

Here’s a letter to a correspondent:

Mr. Craig Morgan:

Thanks for your kind e-mail.  Perplexed that I don’t vote in ...

September 24, 2016, 12:04 pm, 1678215
(Don Boudreaux)

Shikha Dalmia debates Jeremy Waldron on freedom of speech.  A slice from Shikha’s remarks:

I think it’s fair to say that ...

September 24, 2016, 10:04 am, 1678197
(Don Boudreaux)

… is from page 72 of the Ben Rogge’s late-1970s speech “What Economists Can and Cannot Do,” as this essay ...

September 24, 2016, 8:04 am, 1678179
(Don Boudreaux)

I don’t always agree with Richard Epstein, but I typically do.  He is, without doubt, one of ...

September 23, 2016, 6:04 pm, 1678132
(Don Boudreaux)

… is from page 267 of the late Ben Rogge’s 1971 essay “The Welfare State against the Negro,” as ...

September 23, 2016, 12:04 pm, 1678030

September 23, 2016, 10:04 am, 1677991
(Don Boudreaux)

… is from page 50 of Arnold Kling’s superb new book (2016), Specialization and Trade: A Re-introduction to Economics:

As ...

September 22, 2016, 10:04 pm, 1677863
(Don Boudreaux)

… is from page 50 of Arnold Kling’s excellent new book, Specialization and Trade: A Re-introduction to ...

September 22, 2016, 6:04 pm, 1677834
(Don Boudreaux) just put out this video of a talk that I gave 15 years ago ...

September 22, 2016, 6:04 pm, 1677833
(Don Boudreaux)

Here’s the just-released video of my debate last week, at the University of San Diego, with Mike ...