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)

July 29, 2014, 7:33 am, 1307128

Ira Stoll, Reason:

The current system takes rich money managers, who ordinarily might be a voice for lower taxes and restrained government spending, and makes them beholden, for business, on public pension boards that sometimes include union officials. Instead of arguing for less generous pensions, or for ...

July 29, 2014, 7:33 am, 1307127

K. C. Johnson winds up the "Durham-In-Wonderland" blog.

He bravely accomplished, very well, what he set out to do, so now he's moving on.  (If only some government agencies--hello, TVA!--did the same.)

July 29, 2014, 7:33 am, 1307126

Jim Manzi:

In summary, Piketty has weak evidence to support his theory for why CEO pay has increased in America. What evidence he has covers only CEOs of public companies, and hence about 3 percent of the top 0.1 percent. His whole model, even if correct and extended beyond ...

July 29, 2014, 7:33 am, 1307125

Includes this information important, I think, for addessing the problem:

Every year, there are horrific crimes against female students, often perpetrated by a small number of men who prey upon first-year women who are under the influence of alcohol. United Educators, an insurance company ...

July 29, 2014, 5:33 am, 1307075

July 28, 2014, 7:33 am, 1306392

Very well put.

But I will not apologise for surviving.

For surviving missiles intended to kill me. The fact they didn’t kill me doesn’t mean they weren’t sent with the intention to murder. We have a defence system, shelters, evacuation procedures and governments who take care of ...

July 28, 2014, 7:33 am, 1306391

July 28, 2014, 7:33 am, 1306390

Professor Emeritus of Economics at the Univ. of Wisconsin-Madison, W. Lee Hansen:

The University of Wisconsin adopted its first diversity plan back in 1966 and every few years it launches a much-touted new one. During my 30-year teaching career at Madison, followed by more than a decade ...

July 28, 2014, 7:33 am, 1306389

Still more on the fabulous lie that "government is the name we give to things we do together":

The New York Times reports that "cities across California are encouraging residents to tattle on their neighbors for wasting water" — just the kind of behavior that we want ...

July 28, 2014, 7:33 am, 1306388

Magnificent attack on education reform by Andrew Ferguson. Virtually no one escapes. He concludes as follows:

The delays and distancing suggest a cloudy future for the Common Core. Even its advocates say that the best possible outcome for now involves a great deal more unpleasantness: The tests ...