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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.
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4 comments:
Where is Alan Blinder's signature?
Right next to Paul Krugman's.
Won't this primarily be viewed as a transitory increase in income and have a smaller impact than desired?
ie: Friedman's permanent income hypothesis
Hey Armie: That is what I fear. That is why I am for locking in these marginal tax rates for the next 50 years and widening the base substantially. Then we would have tax certainty. Hauser's law leads me to believe raising tax rates has much more negative impact on economic growth than they do on raising revenue as a share of GDP. History proves I'm right.
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