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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Newmark’s Door (Craig Newmark)

November 27, 2014, 5:33 am, 1378767

A small bit of genius. Happy Thanksgiving.

(I didn't expect this: Mr. Guthrie now is a registered Republican and "often expound[s] libertarian themes".)

November 26, 2014, 7:33 am, 1378255

Amazing and wonderful.

Then out of nowhere, a white Chevrolet van hit them at 75mph, an absurd speed for the neighbourhood. Marcy was killed outright and Lewis was so thoroughly broken that the paramedic on the scene took him for dead. The Chevrolet driver, meanwhile, fled the ...

November 26, 2014, 7:33 am, 1378253

Chester Finn reviews where we're at. Short take: a lot done, a lot more to do.

November 26, 2014, 7:33 am, 1378254

George Will:

It is as remarkable as it is repulsive, the ingenuity with which the Obama administration uses the regulatory state’s intricacies to advance progressivism’s project of breaking nongovernmental institutions to government’s saddle. Eager to sacrifice low-income children to please teachers unions, theJustice Department wantsto ...

November 26, 2014, 5:33 am, 1378190

I read this and I just had to buy a bag. (They are awfully good.)

November 25, 2014, 7:33 am, 1377499

It's really smart for charter schools to take reasonable steps to prevent teacher burnout. If true, this is startling:

. . .nearly half of all teachers nationally leave the classroom within five years.

November 25, 2014, 7:33 am, 1377496

Beautifully on target.

The alternative to “show you can govern” is to keep President Obama from governing.Right?Keep him from accomplishing what he wants to get done in his final two years and then “go to the country,” as Karl Rove used to say, with a simple message: ...

November 25, 2014, 7:33 am, 1377498

Really wrong.

Establishment: so sorry if anybody got hurt. Suckers!

See also "The Last Anti-Fat Crusaders".

November 25, 2014, 7:33 am, 1377497

The average voter--and almost all Liberals--don't know that this happens over and over again: monies dedicated to certain government uses just happen to be spent . . . elsewhere.

Link via Mike Munger.

November 25, 2014, 5:33 am, 1377425

By the Primary Craig Newmark. (I hope the teacher is still around to read this. It will warm his heart.)

Sort of related: "100-Year-Old Math Teacher Is Still Teaching At An Elementary School In Brooklyn".