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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
Selected in the top 100 Economics Sites
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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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December
(28)
- The Great Depression: Part IV
- Insight from a good friend and Randy Parker Hall o...
- The New Deal's Economic Legacy
- Not a war on terror? Go ahead and play cops and ro...
- They were delicious.
- Merry Christmas!
- Looks like they are gonna get it Dan.
- Wall Street Journal gets it right again.
- R.I.P....D.C. Vouchers
- There is now over a trillion dollars sitting in ba...
- Don't look for recovery until this turns around.
- Thinking like Joe Jihadi...Like any good lawyer wo...
- Look out...it is coming for you! The baddest gun i...
- Not my idea of a good time!
- The Fed is taking heat.
- Lke I have said all along...We are going to become...
- No, consumers are not overleveraged. Look at the d...
- What he said....
- It is who you know and...where you go.
- Pearl Harbor...68 years ago.
- Real Cool!
- This is a GIANT Tanker fly by!
- Read Jim Hamilton and you know what to think...
- Is inflation coming? Three short pieces from Allan...
- These are two things that really have me thinking....
- This is our President and it makes me angry to see...
- Real neat interactive map on unemployment. Watch V...
- One look says a lot.
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December
(28)
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)
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)
2 comments:
So what are your thoughts on Time's person of the year??
I particularly enjoyed this part of the interview:
Question:
So, when you're playing in that gym by yourself, why don't you invite the President to shoot 21 with you, or around the world, or something like that?
Answer:
Well, you know, if I were one of his advisers, maybe I — I think this is the independence of the Federal Reserve being exhibited here.
Again, what do excess reserves represent? Does this mean banks have a lot of money to profit from through investing?
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