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)

October 24, 2016, 7:33 am, 1686072

Bruce Schneier, a "long-time computer-security researcher," wrote about last week'sbig DDoS attack on the Net as follows:

What this all means is that the [internet of things] will remain insecure unless government steps in and fixes the problem. When we have market failures, government is the only solution. The ...

October 24, 2016, 7:33 am, 1686075

This week's bulletin from the land of You Can't Make This Stuff Up.

In themid-2000s, in the midst of a housing boom, the Los Angeles Unified School District realized that skyrocketing rents were fueling teacher turnover.

Nearly half of all new ...

October 24, 2016, 7:33 am, 1686074

I won't defend the $ estimate, but I coulddefend the diagnosis. And this is the beginning of asolution:

Of all the serious problems in the American workplace, this one is the most solvable. And we can solve it one company, one culture, one worker at a time.

October 24, 2016, 7:33 am, 1686073

In favor: Nick Hanauer, entrepreneur, venture capitalist--according to Wikipedia, "the first non-family investor in Amazon"--and veryrich.

Against, and a direct reply to Hanauer: Adam Ozimek, "America's Worst Minimum Wage Pundit".

More against (because it's the right answer):

Deirdre McCloskey, "The Secret History of the Minimum Wage".

The ...

October 24, 2016, 5:33 am, 1686046

The Law of Unintended Consequences is not something to trifle with.

October 24, 2016, 5:33 am, 1686045

"Spectacular," maybe, but not unexpected.

October 23, 2016, 7:33 am, 1685922

Featuring "quinoa".

October 22, 2016, 11:33 am, 1685830

If you are a fan ofCruise's work, I think this is a fun 10 minutes.

October 22, 2016, 7:33 am, 1685811

Don't ask me why anyone would want to do it, but putting a PC into a gun is . . . well, imaginative.

October 22, 2016, 7:33 am, 1685810

Moneyball is a really fine movie. If you haven't seen it, I highly recommend it.

"Breaking Biases".

"The Streak".