On November 28, I will attempt to run the Seattle Marathon. It’s my first marathon, and I expect it will be one of the most difficult physical and mental challenges that I attempt in my life. For many, the mental challenge is as great as the physical. The months of training, the hundreds of miles run in preparation, and then the final hurdle of running 26 miles and 385 yards sometimes seem insuperable. In moments of extreme fatigue during training, I too have felt the enticing desire to just give up.
Dr. Prentice served as the Chief Macroeconomist at the U.S. Department of Agriculture under Presidents Carter and Reagan. He has also been a Visiting Scholar at the U.S. Department of Treasury under President Clinton. PauI earned his B.A. in Mathematics, and his Ph.D. in Agricultural Economics, from the University of Connecticut. In addition to teaching Economics, Math, and Science at The Vanguard School in Colorado Springs, Dr.
Philipp Bagus is professor of economics at Universidad Rey Juan Carlos in Madrid. He earned his Bachelor and Master at the University of Münster and his Ph.D. from Universidad Rey Juan Carlos with Jesús Huerta de Soto as his adviser on a thesis on deflation. He is the author of The Tragedy of the Euro – How Political Interests Created a Self-destroying System (forthcoming) and Deep Freeze: Global Credit Markets and the Icelandic Financial Crisis (forthcoming with co-author David Howden).
Janet Yellen, vice chairwoman of the Federal Reserve, told the Wall Street Journal that without massive printing of money “I’m having a hard time seeing where really robust growth can come from.”
[Lightly edited transcript of speech given at the 2010 Annual Meeting of the Property and Freedom Society, June 6, 2010.]
Bill Anderson is associate professor of economics at Frostburg State University. He received his doctorate in economics from Auburn University in 1999, his master’s in economics from Clemson University in 1984, and his undergraduate degree in journalism from the University of Tennessee in 1975. He is graduated from Baylor School of Chattanooga.
