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"The problem with socialism is you eventually run out of other people's money" - Margaret Thatcher "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design" - F.A. Hayek
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About Me
- Randall Parker
- I am a Professor of Economics at East Carolina University in Greenville, NC. My research focuses on macroeconomics and economic history in general and the economics of the Great Depression in particular. I have authored two books, Reflections on the Great Depression and The Economics of the Great Depression: A Twenty-First Century Look Back at the Economics of the Interwar Era and edited The Seminal Works of the Great Depression. I am currently working on my fourth book Interwar Historical Antecedents of Modern Inflation Targeting and I am the co-editor (with Robert Whaples) of The Handbook of Major Events in Economic History and The Handbook of Modern Economic History. I have also traveled the country giving speeches on the state of the macroeconomy and other economic issues to many trade and business associations. When I am not thinking about the economy I am either chasing ducks, handicapping horses or arranging a fine dining experience. Lastly, the opinions expressed on this blog are mine alone and do not reflect upon East Carolina University in any way or manner, in whole or in part, now and forever more under the canopy of heaven.
Blog Archive
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2009
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May
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- My Buddy Spanky.
- I have been captivated by this woman recently. Nek...
- Kentucky is on the rise. Watch out you candy botto...
- Read Krauthammer and you know what to think.
- This Dude know of what he speaks.
- Let us call it what it is...stealing.
- World trade at a standstill.
- Thank You.
- Man's and fellow dogs best friend.
- Read Krauthammer and you know what to think.
- Dr. Rothman hits the bull's eye.
- Just another way to control your life and tax the ...
- New info....
- It is going to happen again.
- Very, very touching. Animals are a gift from God.
- Duck hunting in New Orleans
- Bottom? Maybe? Recovery...oh baby are we in for it.
- And now the politics....
- Homes for all?
- Don't drink and drive.
- Spending has fallen across the board.
- The Mountains of Afghanistan: 13 seconds, a helico...
- Warrior's Reward does it again.
- Don't do as I do, do as I say.
- Man is this worth a good close look.
- This is one of the coolest videos you will ever see.
- Bailout Explained.
- I still love this guy.
- Me and Mikka.
- My childhood hero: Mr. Ed.
- Here comes the sun?
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May
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- Income Distribution (1)
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Labels
- Alumni/Advancement Council Scholarship Golf Tournament (7)
- April Fools (1)
- Bailouts (12)
- Barney Frank (8)
- Beauty (6)
- Bubbles (1)
- Cars and Trucks (5)
- Charles Krauthammer (3)
- China (1)
- Class Warfare (1)
- Cool Video (56)
- Debt and Deficits (16)
- Deflation (8)
- Dogs (35)
- Economic Growth and Advancement (58)
- Economics of Health Care (55)
- Entitlement 800 pound Gorilla in the corner (15)
- Europe (32)
- Financial Markets (61)
- Fiscal Policy (71)
- Football (15)
- Foreclosure/Subprime (46)
- Foreign Policy (28)
- Funny Stuff (83)
- General Economics (12)
- Gold Standard (13)
- Government Bologna (10)
- Great Depression (28)
- Hall of Fame (22)
- Henry Waxman (2)
- Horse Racing (47)
- Hunting Fun (19)
- I saw it coming. (2)
- Immigration (1)
- Important Dates in History (7)
- Income Distribution (1)
- Inflation (12)
- Investing (8)
- Joe Jihadi has a bad day (27)
- Lessons (7)
- Milton Friedman (5)
- Monetary Policy (119)
- Moron Hall of fame (5)
- Nancy Pelosi (5)
- Nice Guys (3)
- Nobel Prize (1)
- North Korea (2)
- Patriotism (7)
- Politics (5)
- Poverty (2)
- Presidential Trends (3)
- Property Rights Crimes (4)
- Public Speaking (3)
- Recession (36)
- Recovery (8)
- Religious Rubbish (1)
- Schmuck Hall of Shame (4)
- Stupid stuff (1)
- Taxes (35)
- The Distribution of Income (4)
- The Midas Touch (1)
- Thought for the day (1)
- Trade (17)
- True Wisdom (5)
- U.S is going to become France (16)
- Unemployment (14)
- Utter nonsense (23)
- Video Blogs (29)
- Vouchers (6)
- War on Terror (25)
- World Oil Markets (16)
1 comment:
Is our past economic growth "real" growth (that we can put our hands on) or is it just the result of individuals and corporations living beyond their means? I can represent that I have a certain standard of living beyond my ability to pay but that standard of living is propped up with credit and servicing that debt. It's not sustainable, so how can it be considered "real"? Do we not have an economy that runs on perpetual bubbles? 3-3.5% growth doesn't seem like sustainable reality to me.
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