"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
After you read the link above, watch this very funny skit from the 1980s and Monty Python's Flying Circus. This is good. See if you can spot the Republicans. That is a trick question...they are all Republican twits going after Chairman Bernanke. Keep it up boys and we'll have collectivism for 100 years.
It is 5,218 miles from Washington D.C. to Buenos Aires, Argentina. So from Columbia, South Carolina to Buenos Aires it is just under 5,000. Like the Captain said to Paul Newman in Cool Hand Luke "what were you thinking about when you cut them heads off them parking meters?" Luke just said "well, I guess you could say I wasn't thinking Captain." What do you suppose the Governor was thinking about? Like a horse that is too ready to go, seems to me a 5,000 mile ride for a tryst would give a man plenty of time to get all lathered up.
I'm going to be in Buenos Aires one day in July in a year to yet be determined. All I'll have on my mind is ducks and doves. And as they say in horse racing, "you can jot that one down pard."
Here is a heart throb from my younger days with a song that fits. Ladies and Gentlemen, The Pretenders and "The Adultress".
It has just been revealed that Governor Mark Sanford, in what appears to be an endless repeat of Ground Hog Day for the Republican Party, has just admitted he was in Argentina shacked up with an old friend. Well isn't that just spiffy? Explain that to your four beautiful sons dude. Then maybe you can find the words for your wife. Many years ago I was outside the five star Four Seasons Hotel in Chicago visiting some friends. Real nice place. $500 a night. Some old homeless guy comes up to me and asked, "you staying here?" I told him yes. He asked me with his weather-worn face all scrunched up and head cocked to one side, "was it worth it kid? I mean was it really, really worth it?" I now ask that of the Governor. I have not seen the press conference yet but I just hope he did not have his wife with him and humiliated her like all the schmucks before him. It is said, correctly, that Republicans have a Jezebel problem while Democrats have a tax and charity giving problem. Well, at least Tim Geithner gets to go home tonight to his loving wife.
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.