I've had a good interview day here at Louisiana College. I got to go to a nice Baptist church, Philadelphia Baptist, yesterday with the academic VP and a nice lunch at a good madre-y-padre Tex-Mex place in Ball, a burgh a few miles north of Pineville. One of their biology profs took me out to a nice local pizza joint Sunday night after his first two choices for non-national-chain food, Copeland's and Johnny Carino's, were packed to the gills.
This morning, I got in, printed out some handouts for the money lecture I had planned and helped the management professor get the classroom set up; the tables were all pushed to the side, so we had to lug tables and chairs around like setting up for a church dinner in Fellowship Hall.
The simulated lecture, to a few faculty members and a few recruited students and recent alums (they had graduation Saturday, so the campus was fairly deserted), went well. I had to wing a response to the academic VP's question on whether Alexander Hamilton's money policy was right;a strong central bank helps things along and keeps from having inflationary crashes and runs on banks. I earned some brownie points for bringing a historical prospective to monetary policy, where conservatives and liberals have been duking it out for centuries, including Andrew Jackson's blood feud with the Second Bank of the US and it's chief Nicholas Biddle and bimetalist William Jennings Bryant's Cross of Gold speech.
I also had to wing a question from the accounting prof (who taught Money and Banking while LC was short a pure Econ prof this year) on whether the lack of transparency of the Fed could lend fuel to conspiracy theorists' fears; yes, but we need a bit of opaqueness to keep politics out of the Fed, and at some level, you have to trust folks to do their job even in a fallen world. I had read about such fears in the past; given the odd-ball nature of the Fed, (where it's technically owned by the member banks with directors nominated by the President and confirmed by the Senate, but with 14-year unfirable terms) it is easy to be distrustful. It is fairly unaccountable to Washington, which scares a lot of folks who tend to be distrustful of folks in power, but it's that way by design.
If it were accountable, they'd have a tendency to game the economy, goosing the economy with a loose monetary policy leading into an election, then paying for the added inflation once the ruling party got another term. Mexico's central bank, without that independence, goosed the peso supply leading into the 1994 presidential election in order to make the ruling PRI party look good; once the PRI candidate got elected and the nasty inflation set in, the US had to come in and bail out the Mexicans (in a lame-duck session so that the toxicity of such a bailout happened after the US elections) when the peso went into free-fall and foreign currency to pay back debts were hard to come by without help.
Back to my LC folks. I had a nice chat with the president, some nice catfish at Cajun Landing with the two returning business faculty members, including a management professor from Zimbabwe; we had some interesting discussion about hyperinflation under Mugabe/ZANU rule. He mentioned that the place was safe despite the bad press that Mugabe gets, but that the transfer of land from whites who knew how to farm to blacks who often didn't left the country's agriculture very underperfoming, thus creating high inflation.
After lunch, I had a formal chat with the academic VP (I should be hearing yea-or-nay later in the week), a walking tour of the campus from one of the admission office's young staffers in air-you-can-wear 95-degree heat (the academic VP wisely told me to ditch my tie for the tour), then back to the hotel to cool off before a chemistry professor and her husband took me out to dinner at Copeland's (a New Orleans-based chain with Cajun-inspired cuisine, including a bilingual bad pun-Chicken Alfredeaux); there were no lines tonight.
I'm on my tutoring job as I speak; one of my fellow tutors covered me until I got back from dinner. I'll fly back to Midland tomorrow morning and hopefully get a thumbs up. The school has a bunch of nice, friendly people and a spirit of peace permeates the campus; it's not just the peace of a college campus just after the term's over and the kids are gone, but a shalom that says that God's in da house.
God willing, I'll be back later this summer to start work here.
Recent Comments