Posts Tagged ‘Paul Volcker’


Sunday, 6 April 2008

I see that Alan Greenspan has endorsed McCain. Back in January, Volcker endorsed Obama. This leaves no Fed Chairmen to endorse anyone else, as the present Chairman is supposed to stay out of it, and the other guys are dead.

Nobody much cares, but I am not endorsing anyone. I'm especially not endorsing Mike Gravel, who has joined the Libertarian Party and is seeking its nomination, nor the Libertarian Party, who have welcomed him. Mike Gravel has made plain where he stands on the issues, and it's plain that he's not a Libertarian.

From Neoliberalism to Neopets?

Thursday, 3 April 2008

There's a fellow who frequently comes to David's Coffee Place who looks and very much sounds like Paul Adolph Volcker. Paul Volcker was the Federal Reserve Chairman who bit the bullet and broke the back of the inflationary spiral that threatened to destroy the American economy (and thence the world economy) in the late '70s and early '80s. (His immediate successor was Alan Greenspan.)

Anyway, I have discovered that this fellow at David's Place spends much of his on-line time playing on At first, I though this an amusing juxtaposition. But then I asked myself

What if he doesn't merely look and sound like Paul Volcker? What if he is Paul Volcker?

The economy is acting all scary, and maybe Paul Volcker is responding by focussing on Neopets! Or maybe the reason that the economy is going wack in the first place is that Volcker started messing around with Neopets!

Should economists be rushing to Neopets? Should we drag Paul away? I don't know!