Economics Roundtable

May 2014 Payroll Employment

After 76 months, we finally got back to the prerecession level of payroll employment.

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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 .

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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)

January 20, 2017, 7:33 am, 1712176

"Dangerous"? I didn't know.

In honor of the album’s 50th anniversary, we present you withasong-by-song synopsis of one of rock’s most enduring debut albums.

January 20, 2017, 7:33 am, 1712175

Excellent movies Michael Clayton and Buckaroo Bonzai get too short shrift here, but #3, Ferris Bueller, is quite appropriate.

January 20, 2017, 5:33 am, 1712149

Interesting review of last weekend's game.

January 19, 2017, 7:33 am, 1711808

Made me smile.

Who knows just how the clash between the Trump Administration and career bureaucrats will play out, but for the time being we have the great Dan Mitchell to thank for bringing our attention to this splendid video from someone in Latin America, where ...

January 19, 2017, 5:33 am, 1711778

As an appendix-less American, I found this short piece interesting.

January 19, 2017, 5:33 am, 1711777

Short piece that argues "Air Quality Steadily Improved During 20th Century [before the EPA]".

January 18, 2017, 7:33 pm, 1711706

This could be really unfortunate.

With Republicans in control of the legislative and executive branches for the first time in more than a decade, skepticism about the federal government among conservative leaders is melting away. Those who have for years defined themselves politically as the only ones ...

January 18, 2017, 7:33 am, 1711467

First World problem: it's tough to keep up.

The web’s impossibly fast lingual churn has driven institutions like the Oxford Dictionaries mad, pushing it to select illustrated symbols and dystopian concepts as its ...

January 18, 2017, 5:33 am, 1711434

If you drink bottled water like I do you might find thisinteresting.

I can quibble with this: "The logic’s controversial: Pure water measures a 7, after all, and the body might well maintain a proper pH balance regardless of what you consume." The pH of the blood is very ...

January 18, 2017, 5:33 am, 1711433

I don't know, maybe it's just me, but I'd like to believe that time exists as a physical phenomenon, independent of any observers.