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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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2012
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January
(25)
- If this is true, this is the kind of thing that ge...
- How to create wealth by James Hamilton. Read some ...
- Health care costs have eaten your pay raise.
- Get this termite out of here.
- Newt Gingrich gets the Midas touch. I can't think ...
- Income distribution and other total nonsense.
- More to ponder.
- Something to ponder from the ever insightful Mark ...
- And that's how the fight started.....
- Here are the numbers. Look for yourself.
- News Flash: Newt's second wife claims he wanted an...
- Barack Hussein Roosevelt.
- Awww holy hell! I don't think we are in Kansas any...
- It was a great ride for a while.
- What if the long run is now? What if this is as go...
- Surprised it happened?
- The Fed loaned out $7.7 trillion? Nuts.
- God help them.
- The experts all agree, the Yuan is manipulated. Ho...
- This is the problem: The Fed is doing fiscal polic...
- Barry Eichengreen: Will it be the 1930s or the 1970s?
- The European Crisis by flow chart.
- Political Match Game...Who You Got???
- Do deficits and the national debt matter?
- John Cochrane now blogs as "The Grumpy Economist".
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January
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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:
I must say this interesting. The rhetoric from the media regarding Europe has been completely based on gov't borrowing and spending. This seems to partially explain Japan having such high a debt/GDP yet with seemingly little to no consequences. Having read this analysis, it seems as if a rather large hole is poked into the conventional wisdom of the importance of debt/GDP.
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