Economics Roundtable

NOTICE 9/30/177

The Economics Roundtable website has been up and running for a couple of days now. Further periods of testing will be necessary. The RSS feed is still not working. The left sidebar links are also probably not updating correctly.

The problems were caused by updates to the programming language php and to the Apache operating system. It is taking time to track down the problems this causes with my system. - Bill Parke

March 2017 Fed Funds Rate

What is the effect of a 0.25% change in the Fed Funds rate?.

Click on the image to get a bigger version.


March 2017 Payroll Employment

Payroll employment has not grown impressively since 2000. Some baby-boomers retired, but that does not totally account for this graph.

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May 2014 Payroll Employment

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

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Jobs

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.


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The Economics Roundtable is sponsored by EconModel.

The Classic Economic Models cover micro, macro, and financial markets.


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Ludwig von Mises Institute Articles


September 28, 2017, 4:36 pm, 1780673
By: Ryan McMaken

Janet Yellen this week cast doubt on the Fed's announced plan to continue Fed rate hikes and reverse its years of "unconventional" monetary policy.

“My colleagues and I may have misjudged the strength of the labor market,” Yellen announced on ...


September 28, 2017, 4:06 pm, 1780660
By: Thomas J. DiLorenzo

[Reprinted from the Quarterly Journal of Austrian Economics 20, no. 1 (Spring 2017): 84–96.]

Democracy in Chains: The Deep History of the Radical Right's Stealth Plan for America
By Nancy MacLean
New York: Viking Press, 2017

The ...


September 28, 2017, 3:06 pm, 1780594
By: Jeff Deist

Please don't fall for tax reform.

It’s a con, and a shell game. It's a promise every presidential candidate makes, including Trump. But we ought to be suspicious of grandiose talk about Congress reforming anything.Tax reform proposals always ...


September 28, 2017, 1:05 pm, 1780481
By: Daniel Lacalle

“And I will pray to a big god, as I kneel in the big church”

—Peter Gabriel

Imagine for a moment that you are aBritish citizenwith doubts aboutBrexit.You turn on the television and listen to the President of the ...


September 28, 2017, 12:36 pm, 1780469
By: Hans-Hermann Hoppe

Ludwig von Mises, in his masterpiece Human Action, presents and explains the entire body of economic theory as implied in, and deducible from, one’s conceptual understanding of the meaning of action (plus that of a ...


September 28, 2017, 7:45 am, 1780355
By: Ben Ramanauskas

#LondonIsOpen is what you are likely to see branded on bus shelters and underground stations if you were to visit London. The slogan represents a major campaign launched by the Mayor of London, Sadiq Khan to show that London ...


September 27, 2017, 4:37 pm, 1780186
By: Hans-Hermann Hoppe

Ludwig von Mises, in his masterpiece Human Action, presents and explains the entire body of economic theory as implied in, and deducible from, one’s conceptual understanding of the meaning of action (plus that of a ...


September 27, 2017, 3:25 pm, 1780126
By: Chris Calton

In Vietnam, many soldiers found narcotics to be a coping agent against the horrors of war. Narcotics also became an easy scapegoat for a government looking to obfuscate the results of its own actions. ...


September 27, 2017, 1:25 pm, 1780027
By: Ron Paul

The descent of US/North Korea “crisis” to the level of schoolyard taunts should be remembered as one of the most bizarre, dangerous, and disgraceful chapters in US foreign policy history.

President Trump, who holds the ...


September 27, 2017, 1:25 pm, 1780026
By: Ryan McMaken

Roy Moore has won the run-off in the Republican primary for the US Senate. This virtually guarantees that Moore will be the next US Senator from Alabama, replacing Jeff Sessions, who is now US Attorney General. Moore will replace ...