Economics Roundtable

Technical Problems 3/9/15

The website was down several hours today, but is back up now.

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.

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Newmark’s Door (Craig Newmark)

March 31, 2015, 5:33 am, 1448164

If 10 or eveb 20% of the students complain, I would probably be inclined to ignore them.

But more than 90%? I would think something was wrong.

March 31, 2015, 5:33 am, 1448165

But can he block a 350-pound nose tackle?

Some NFL players spend their offseason working out. Others travel around the world. Baltimore Ravens offensive lineman John Urschel has done both while also getting an article published in a math journal.

Urschel, the Ravens’ 2014 fifth-round pick ...

March 30, 2015, 7:33 am, 1447523

Daron Acemoglu and James Robinson write, in effect, "Not necessarily."

(And guess what? Innovation seems to respond to incentives. Who knew?)

March 30, 2015, 7:33 am, 1447524

Oh, I just bet they do.

March 30, 2015, 7:33 am, 1447522

With this information I hadn't known:

But these explanations don’t help us explain political differences among Jews across countries or over time. American Jews share a religious tradition, historical inheritance, and minority status with most Jewish communities around the globe —and yet only Jews in the United ...

March 30, 2015, 7:33 am, 1447521

George Leef nicely makes the case for the 1971Griggs v. Duke Power decision as the root of the problem.

But it would be nice if there were a test of this. I haven't seen one.

March 30, 2015, 7:33 am, 1447520

I certainly agree with Mr. Greenspun's last paragraph: the opportunity cost of college is often underemphasized, even neglected.

But this is too strong:

Economists, who get paid to teach at colleges, experiment with ways to get more young people from poorer-than-average families to become customers of colleges. Nobody ...

March 30, 2015, 7:33 am, 1447519

Matthew Continetti does a superb job hammering James Wolcott and by extension all those who so fear and complain about the "very rich". Just terrific.

The character that emerges from McLean’s description of Hobson, I hasten to add, is sympathetic and winning. She was not born to ...

March 29, 2015, 7:33 am, 1447201

March 29, 2015, 5:33 am, 1447169

"So you have this current generation of young executives, andthey're not particularly interested in walking around slowly."