Economics Roundtable
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.
Finally, it's hard to argue against the payroll employment graph below (straight from FRED) and the comparison across recessions (courtesy of Calculated Risk).
Looking Up At 2001
In February 2001, U.S. payroll employment peaked at 132.5 million. The November 2011 figure of 131.7 million still falls 800,000 jobs short of the earlier peak.
Click on the chart for a larger version.
November Payroll Employment
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.
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Adam Smith Institute
I have to admit that I did something of a double take when I saw this from George Soros:
Regulators have abandoned their duty by letting markets regulate themselves. It's because a market fundamentalist ideology has come to dominate the behaviour of market participants and market regulatorsover the past ...
Why not attend a free freedom seminar for UK students?
Freedom Week is a one week free seminar for thirty students about the principles of a free society based on the free market and individual liberty. It is taught by eminent academics and supported by the main UK free market think ...
Narcotics are evil, and sensible people should not go down that road. However, they are out there, and young people will be exposed to them. To some their very illegality adds the spice of ...
Nigel Lawson's new book on global warming gets a great couple of write ups. The biggest concern is probably that what the science and the scientists are saying seems not to be what the politicians are listening to.
It's only April and already we have a ...
Sweden is often depicted as a Social Democratic paradise. However, her welfare state has achieved less and cost more than most believed. The point is that wealth distribution and flat income have not significantly changed after Sweden expanded her welfare programmes during the 1950s and 1960s, when workers enjoyed lower ...
85. "Curbs on budget airlines are needed to protect the environment."
Budget air flights emit a tiny fraction of the CO2 and other 'greenhouse gases' that are put out from all sources. They are insignificant compared to the emissions of agriculture, road transport and power generation. The problem is ...
I must say, I think this is an absolutely marvellous advance. We pay for the BBC, after all, so we really shouldn't have any of that elitist nonsense about a factual reality or anything. No, news should be presented to show the world as "you" believe it to be, not ...
The ASI's annual bloggers event is coming up next week, on Wednesday 16th April. This year's theme is is 'Curbing the crap artists'. Guido Fawkes will tell us what to do with crap politicians, Tim Worstall will dish the dirt on crap journalists, and Samizdata's Perry de Havilland will ...
86. "We should extradite any citizen accused of crimes by overseas prosecutors."
The readiness of British governments to act at the behest of overseas prosecutors has been a disturbing development. It has included extradition to face trial abroad for actions done in the UK which are not criminal here. ...