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 .
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.
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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Ludwig von Mises Institute Articles
Tipping solves multiple economic problems while making employers more likely to hire untried workers.
Berlin provides us with an example that comes as close to that of a controlled social experiment as one could probably hope to get.
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.
Ludwig von Mises held that middle-of-the-road policy in economic interventionism eventually leads to widespread socialism.
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 ...