Economics Roundtable

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 .


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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?


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EconModel

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


July 9, 2015, 6:34 am, 1506120

Tipping solves multiple economic problems while making employers more likely to hire untried workers.


July 9, 2015, 6:34 am, 1506119

Berlin provides us with an example that comes as close to that of a controlled social experiment as one could probably hope to get.


July 9, 2015, 6:34 am, 1506118

The term “anarcho-capitalism” may jolt the newcomer, the ideas it embodies are compelling and attractive, and represent the culmination of a long development of thought.


July 9, 2015, 6:34 am, 1506117

Ludwig von Mises held that middle-of-the-road policy in economic interventionism eventually leads to widespread socialism.


July 9, 2015, 6:34 am, 1506116

The Economist recently opined that interest rates don't affect investment. This claim is based on an empirical study that contradicts what we already know: that lower prices lead to more demand. In the end, the problem lies with the researches who fail to ...