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Thursday, November 17, 2016

Thursday, November 10, 2016

November 10th is the Marine Corps Birthday...Semper Fi.

Remember, when you are sucking down your cafe latte, complaining that your Gameboy is broken and talking your country down, don't forget who paid the ultimate price for your freedom.

On the occasion marking the birthday of the US Marine Corps, 1978, onboard
Camp LeJeune, and in the presence of several thousand Marines and their
ladies, General Louis H. Wilson, CMC, arose to deliver his long awaited
address to the troops. He approached the rostrum, nodded to the CG's
(Base, FSSG and Division) and proceeded to explain to the captive masses
that he would be short on words that night - then turned to his bride, took a
glass and, amid absolutely DEAD SILENCE, offered this toast - and
promptly SAT DOWN.



Tuesday, November 8, 2016

At long last...I have gotten into the horse ownership business!

His name is Agent Di Nozzo and he is a seven year old horse with about one more year of racing to go. Look for him at Gulfstream on December 3, 2016!

Thursday, October 6, 2016

Your tax dollars at work.

All you young folks owe it to yourselves to research the sordid history of this person (read it here). And to think the plumber in Ramseur and the truck driver in Rocky Mount and the hog farm worker in Duplin county are busting their humps to pay taxes to transfer the money to this vile wretch. You should not wonder why the public continues in their disillusionment of the university community. 

Saturday, September 17, 2016

Start it at minute 33:00 for a symposium preview.

Tuesday, September 13, 2016

Lunchtime Business Symposium on the State of the Economy

October 3, 2016 @ 12 noon-1:00pm Registration begins at 11:15
Greenville Hilton
207 Greenville Blvd. SW, Greenville, NC


John Seater – Featured Speaker
Emeritus Faculty, NC State University

“Fun Facts with Economics and Elections”
A stand-up guy, Dr. Seater is much more impressed by performance than pedigree, and stubbornly adheres to the simple-minded notion that the scientific method should be applied to economics.  Listen to him at your own peril.

Richard Ericson
Microeconomist, East Carolina University

“Regulatory Predation and Systemic Economic Damage”

Randall Parker
Macroeconomist, East Carolina University

“Trump vs. Clinton Economics:  Who you got?

Open to the Public with special emphasis on inviting the Financial/Business Community of Eastern North Carolina. Please join us for a frank and open discussion of the current and future course of our economy.

$35.00 for lunch and open forum.  First confirmations get front tables.

Contact: Randall Parker, Department of Economics, ECU at

Make checks payable to: The ECU Foundation, mail to Randall Parker, ECU Dept. of Economics, Brewster A-427, Greenville, NC 27858 or call Diane Gerard at 328-9571 to pay by credit card. This is a Fund-Raising Event for Student Scholarships in the Department of Economics, East Carolina University. All funds raised are strictly for that purpose.

This event has been generously funded by a grant from the Charles Koch Foundation

Friday, September 2, 2016

Connecting the dots...or not.

It is apparently lost on young Mr. Kaepernick that while he is speaking out against oppression he is also wearing a T-shirt glorifying Fidel Castro. The contradiction means nothing to him and is evidently beyond his ken. This is pitiable. But what else to expect from someone who has equated the American flag with the Confederate flag and gone as far as to say if you do not see that then you are ignorant of history. Dear me.

Someone also indicated to me that he had a discussion about raising the minimum wage the other day. He disagreed and said it was a bad idea. The other person called him a racist. Boom, end of discussion.

Have we really come to this in this country?

Wednesday, July 27, 2016

You can fool some of the people....

You can fool some of the people all the time...all of the people some of the time...but you can't fool all the people all the time.

Just watch me make a fool out of Lincoln.

Wednesday, June 8, 2016

Thursday, May 26, 2016

Fun with Bernie ....if there is such a thing with a Marxist mental midget...

What is scary is that he actually believes the Marxist filth that comes out of his pie hole. As Brett Stephens has said, the young people who support him are too young to remember what socialism did. The older folks who support him are too stupid to understand what it does.

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery."  Winston Churchill

Count me out.

Monday, April 25, 2016

Schmuck too!

Who would say something like that except for some nasty old gink?


Monday, April 18, 2016

Fun with Acronyms one more time....

OK students:  Today's lesson is to remember the acronym for the "special communities" at Wesleyan University in Connecticut. Safe areas are mandatory and must be provided. Why they always seem to revolve around sex, I don't know. But I really don't care either. I will defend your rights as an alternative community to be the people you are. It just seems to be devolving into a lot of silly sh$t.

From Wesleyan University who will educate your children for $63,000 a year.....
LGBTTQQFAGPBDSM stands for Lesbian, Gay, Bisexual, Transgender, Transsexual, Queer, Questioning, Flexual, Asexual, Genderf*ck, Polyamourous, Bondage/Disciple, Dominance/Submission, Sadism/Masochism and people of sexually or gender dissident communities.

Tuesday, April 12, 2016

Bernie Sanders is a jack ass.

For those of you who have followed this blog over the years, you know when the jack ass picture comes out I have something important and unflattering to say. Bernie Sanders is a jackass.

Read about it here.

Any unreformed Bolshevik has not one word to say to me that I am possibly interested in. If you find him appealing then you are either too young to remember the evil that socialism was or too stupid to understand what it does.

Wednesday, April 6, 2016

California dreaming....

Jerrry Brown on the minimum wage hike:

“Economically, minimum wages may not make sense,” he noted. But “morally and socially and politically, they make every sense because it binds the community together and makes sure that parents can take care of their kids in a much more satisfactory way.”

As Lee Ohanian pointed out when he was here in October, employment in LA is DOWN 4% over the last 25 years. I wish you all the luck.

Thursday, March 24, 2016

A new tradition has begun....

Forgive the flash effect on the eyes...we have decided to take our scholarship winners out to dinner the spring that they win the award. The Scholarships being those awarded through the Department of Economics and through the good people that donate to our Wall of Fame and participate in the golf tournament. From bottom right: Me, Derek Pszenny, Rick Ericson, Martin Leary, Tate Holbrook, Autumn Rushton, Jeremy May, Brandon Bissoon, Haiyong Liu and Mia Leone. Missing is Joey Cuellar who took the picture and thought up the idea. I got to thinking this is just the type of student-faculty interaction that students get at private schools. Not only are we the biggest undergraduate economics department in the state in terms of numbers of majors, we are also trying to make it a great student experience as well.

Wednesday, March 9, 2016

Fun with mail boxes...

Here is a photo of a mail box used by a local chiropractor. Really kinda clever with the disks, vertebrae and nerve endings and such. I got to thinking...I sure am glad he is not a gynecologist. 

Monday, February 8, 2016

Macro Corner 2016...I just penned this piece today for an alumni news letter. Regime change begins at home.

Macro Corner 2016

Hello out there all you friends of the economics department, time for another sit down with the old tale spinner. As the 13th of this month brings my 56th birthday, the “old” part fits more than ever. I know the president said it is “pedaling fiction” but somehow I just can’t seem to get my arms around singing the praises of this economy and how it has performed over the last few years. Last month’s jobs report of 151,000 is pathetic and is only matched by last quarter’s growth of .7%. These are the kind of numbers that has an economy stumbling sideways worse than some drunk ECU frat boy tripping on the curb trying to get into the football stadium. But there are other numbers that will perhaps “move you from your comfort zone” as the president has said about the objective of social activism.

Let’s start with the labor force participation rate. This used to be a procyclical macro variable, going up in expansions and down in recessions. Well, not any more. This variable shows the new age we live in, where 5% of the workforce can vanish and no one says anything except we are at full employment. Half of the decline is from baby boomers leaving the workforce to the tune of 10,000 people a day. But the other half, as Chicago economist Casey Mulligan showed in his book The Redistribution Recession, are people who have exited the labor force because of the increase in the value of transfer payments. Make it more attractive to not be in the labor force and what do you get? Less labor force participation and a return to 1978. Who knew?

But worse than this, in 1960 1 in 20 prime-aged adult males between ages 25-54 (note where I am now classified) were not in the labor force (5%). Today it is approaching 1 in 5. Think of that for a moment…almost 20% of the young prime-aged dudes of this country are not participating in gainful employment. What are they doing then? Growing up in Chicago, my father God rest his soul would call guys like these “bums”.  I won’t go there, but if a young man does not have a job that leads to a career, that then leads to responsibility and personal growth, then what is he doing? Painting fences and helping old ladies across the street? I sort of doubt it.

But it gets even better, or worse I should say. Just 15 short years ago 62% of the young folks between the ages of 20-24 were in the labor force and working. Today it is but a mere 42%. The way I always thought it worked was you got educated, went to work, got a career, found a life partner, bought a home and built a life for yourself and your significant other. Now that does not seem to be the case anymore. The opportunities for people starting out have dried up significantly. A two percent growth economy, and an economy that has not seen three percent annual growth since 2005, does not produce the dynamic qualities needed to create jobs enough for our new graduates to flourish and begin their employment paths like we did. The opportunities are not there. You can fill in the blank as to why. But we are failing our young people and that is the biggest disappointment of all.

So if your son or daughter asks to move back home after graduation, be kind and set some rules. But under no circumstances should you cash in your 401K to build an extension on the home for Junior and his girlfriend/boyfriend. Just say no.

And for all the young people who are for Bernie Sanders, I’ll repeat what H.L. Mencken once famously said…”Democracy is the theory that the common man knows exactly what he wants…and deserves to get it good and hard.” When Sanders is elected and all those Karl Marx wannabes are in the unemployment line, maybe then they will really feel the Bern.   

Remember regime change begins at home. Hope to see you at the golf tournament.

Dr. Parker