Bob Murphy Show: Recent Episodes
Robert Murphy
Adam Haman returns to help Bob analyze Nolan's latest blockbuster. Hint: the right-wingers lied to you.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Frequent guest Gene Callahan returns to present a talk he's been giving in academic circles, which relies on standard computer science to argue that LLMs can't possibly be thinking "about" the external world in the same way humans do. Economist and philosopher Kevin Vallier joins the discussion.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Gene Callahan on the ghost in the AI machine.
- Callahan's homepage. Vallier's homepage.
- Help support the Bob Murphy Show.
Adam Haman returns, this time helping Bob critique Carl Jung's "Answer to Job."
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Carl Jung's "Answer to Job."
- This episode's featured company, Jackery.
- RC Sproul on Job.
- BMS ep. 420 unpacking Darryl Cooper's religious heresies.
- The HamanNature substack.
- Help support the Bob Murphy Show.
As the federal debt held by the public surpasses GDP, Adam Haman asks Bob Murphy what it means and the options going forward.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Bob's proposal for reforming federal finances. His proposal for letting people opt out of Social Security. His lecture on debt burdens on future generations.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Jim Bovard is a Senior Fellow with the Libertarian Institute. He tells what happened to the Weaver family in 1992 when they were assaulted by federal agents.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Jim Bovard's page at the Libertarian Institute. A specific article on Ruby Ridge.
- Help support the Bob Murphy Show.
Adam Haman returns for a fun episode, responding to two satirical bits (one video, one in print) mocking radical libertarians.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Ad for a Somali vacation. The Libertarian Police Dept.
- This episode's sponsor, The Swan Bros.
- Ben Powell et al.'s article on Somalia. Pete Leeson's article on Somalia.
- Bob's booklet Chaos Theory. Adam's post on Ancapistan.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Mitchell Suchner is the director of Arkpad, which produces floating cabins that can be deployed in modular fashion to create mobile communities. This is not theoretical; Mitchell conducts the interview from such a unit located off the coast of the Philippines.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- The webpage for Reef Resort.
- Bob's 2025 interview of Patri Friedman, an early proponent of seasteading.
- Help support the Bob Murphy Show.
Adam Haman returns to help Bob give a loving yet forceful pushback against Darryl Cooper's discussion (on the Jim Webb podcast) of US labor history.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Darryl's appearance on the Jim Webb podcast.
- This episode’s sponsor, the Scott Horton Academy.
- Patrick Newman's article on the Crash of 1873. A pro-union description of the 1877 railway strike. The price level from 1860-1939. Ben Powell talk on sweatshops. George Selgin's book Less Than Zero. Hayek's collection Capitalism and the Historians.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Bob does a nerdy follow-up to prior interactions with George Selgin, Bryan Caplan, and Brad DeLong.
Mentioned in the Episode and Other Links of Interest:
- The BMS analyzing the SoHo Forum debate on FRB, Bob's recent interview of Bryan Caplan, and Brad DeLong's congressional testimony. Bob's blog post responding to DeLong.
- Bob's much earlier post on Hoover's memoirs.
- Help support the Bob Murphy Show.
Adam returns to tell Bob why he lost his debate to George Selgin.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- The SoHo Forum debate between Murphy and Selgin.
- This episode’s sponsor, the free Plan-B guide from ExPatMoney.
- Bob’s article on FRB.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Bob recently appeared on the "Human Reaction" podcast, where host David Rand asked him various questions concerning the economics of AI. Although frequent BMS listeners will have heard these themes before, there is new material in this discussion.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- The Human Reaction YT channel.
- This episode’s sponsor, the free Plan-B guide from ExPatMoney.
- Help support the Bob Murphy Show.
Adam Haman returns to further discuss US monetary and economic history, with an emphasis on understanding the designs of the "American System" (propounded by Hamilton and later Clay).
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- The previous BMS ep. 507 on this topic. The Phoenician League archives.
- This episode’s sponsor, the free Plan-B guide from ExPatMoney.
- Bob's Understanding Money Mechanics. Bob's aggressive plan for US fiscal reform. Bob's case for Texas secession.
- The HamanNature substack.
- Help support the Bob Murphy Show.
GMU economics professor Bryan Caplan discusses his recent substack series going through Rothbard's classic, For a New Liberty, chapter by chapter.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- The cited chapter summaries from Bryan Caplan's review of Rothbard: nine, twelve, thirteen, fourteen, and fifteen.
- This episode’s sponsor, the free Plan-B guide from ExPatMoney.
- Help support the Bob Murphy Show.
Adam Haman helps Bob dissect a recent episode of the Coleman Hughes show, where he interviewed Iman Virjee on his new book on asset bubbles. Bob clarifies the description, and then pushes back on Virjee's analysis of the Great Depression.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Coleman Hughes' interview of Aman Virjee.
- This episode’s sponsor, the free Plan-B guide from ExPatMoney.
- Bob's article on the Depression of 1920-1921. Bob's book on the Great Depression. Bob's presentation on theories of the Depression.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Relying on his Journal of Libertarian Studies review essay of Kevin Carson' book on mutualism, Bob first explains--and then critiques--the labor (and cost) theory of economic value. This was not exclusively a Marxist idea; it was held by Adam Smith and other classical economists.
Mentioned in the Episode and Other Links of Interest:
- Bob's paper in the JLS critiquing the labor theory of value.
- This episode’s sponsor, the free Plan-B guide from ExPatMoney.
- Help support the Bob Murphy Show.
Adam Haman returns for another literary episode, this one reviewing Larry McMurtry's classic Western, "Lonesome Dove." He and Bob praise not just the story, but the novel's writing too.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- This episode’s sponsor, the free Plan-B guide from ExPatMoney.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Economist Brian Albrecht explains his discovery of a surprising--but critical--missing link in a popular argument against market power. Specifically, Brian shows that the standard work in this literature doesn't even allow consumer harm as a possibility of firms merging.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Albrecht's paper on the weakness in the waterbed argument. His substack (with Josh Hendrickson).
- Bob's past discussion with Brian. Bob's interview of Eric Weinstein.
- This episode’s sponsor, the free Plan-B guide from ExPatMoney.
- Help support the Bob Murphy Show.
Adam Haman returns to help Bob offer praise and criticism for Jeremy Kauffman's recent speech at the Libertarian Party's national convention, as well as his appearance on the Tom Woods Show.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Jeremy Kauffman's appearance on the Tom Woods Show. His address to the LP national convention.
- Jeremy's interview on BMS ep. 368.
- This episode's sponsor, the free Plan-B guide from ExPatMoney.
- The "Universal Principles of Liberty."
- The HamanNature substack.
- Help support the Bob Murphy Show.
Drawing on the work of British idealist philosopher Bernard Bosanquet, Callahan argues that standard depictions of an "anarcho-capitalist" society, whether practical or not, would constitute a "State."
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Gene Callahan's article on anarchism.
- Bob's pamphlet, Chaos Theory.
- Help support the Bob Murphy Show.
Adam Haman joins Bob to critique an article making an Austrian case for Alexander Hamilton's "American System." Specifically, the plan favored national banking, protective tariffs, assumption of state debts, a preference for "productive" credit, and infrastructure projects. Bob pushes back.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- The article praising Hamilton's American System.
- Burt Folsom's wonderful The Myth of the Robber Barons.
- This episode’s sponsor, The Scott Horton Academy.
- The HamanNature substack.
- Help support the Bob Murphy Show.
With co-author Chris Coyne, Abby Hall has a new book serving as an introduction to the Austrian School. As she and Bob discuss, the book fills a niche in the existing options of this genre.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Abby Hall's new book (co-authored with Chris Coyne), Austrian Economics: An Introduction.
- The prior BMS interview of Abby (on Latin American military intervention).
- Help support the Bob Murphy Show.
Adam Haman returns to help Bob trumpet the amazing performance of Scott Horton on the JRE.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- The Rogan interview of Horton.
- Bob's "Hail Mary" episode and interview of Robert Bryce on rare earths.
- Adam's analysis of the Massie affair.
- This episode’s sponsor, Jackery.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Adam Haman returns to help Bob analyze the recent Tucker Carlson monologue and then interview of Thomas Massie. Although they are fans of both men, Adam and Bob do have some misgivings about the episode.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- The Tucker episode with Massie.
- This episode’s sponsor, The Swan Brothers.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Adam Haman returns, for the first in a series on "Challenging and Defending Liberty." In this one, Bob plays clips from a progressive who uses the Jeffrey Dahmer case to challenge the "prison-industrial complex." Bob argues that this is similar to how antiwar libertarians analyze Putin and the Iranian regime.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- The Olurinatti video on serial killers.
- This episode’s sponsor, The Scott Horton Academy.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Adam Haman returns to help Bob respond to Martyr Made's recent appearance on Jacob Winograd's Biblical Anarchy podcast.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- Darryl's appearance on Jacob Winograd's show.
- A previous BMS covering Oregon's drug decriminalization.
- This episode’s sponsor, The Swan Brothers.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Bob first addresses a pro-political process argument from Tom Woods, then spends the balance of the episode analyzing a brain teaser that swept X for 3 days.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- The Tom Woods episode with Clint Russell.
- Two interesting (one and two) substack posts from Tim Urban.
- Bob's pamphlet on Texas independence.
- Help support the Bob Murphy Show.
Adam Haman returns, this time helping Bob to unpack and critique Elon Musk's recent advocacy of UBI as a solution to AI taking our jobs.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, The Swan Brothers.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Back in February, Bob was a guest on the Bad Roman podcast, talking about his booklet Chaos Theory from a Christian point of view. This is a rebroadcast of that discussion.
Mentioned in the Episode and Other Links of Interest:
- The Bad Roman podcast.
- Bob's pamphlet, Chaos Theory.
- Help support the Bob Murphy Show.
Adam Haman returns to discuss one of his favorite movies. Plus he and Bob share personal stories of when they were conned.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, The Swan Brothers.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Bob continues his commentary on John chapter 3, this time on verses 18 through 36 (finishing the chapter). The emphasis is on the humility of John the Baptist, and the fact that you need a savior.
Mentioned in the Episode and Other Links of Interest:
- The previous episode in this series, i.e. BMS ep 487, Installment 11: Whoever Believes in Him.
- RC Sproul on Jesus as the light.
- Help support the Bob Murphy Show.
Adam Haman returns to discuss the political vacuum that will be left in a post-Trump America. It's not a pretty picture.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- Bob's pamphlet on Texan independence.
- This episode’s sponsor, the Scott Horton Academy.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Chance Glasco has over 25 years of experience in game development, including pivotal roles in the Medal of Honor and Call of Duty titles. He joins Bob for a wide-ranging discussion touching on programming mechanics, political pressure on game narratives, and concerns about animated violence.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Chance Glasco's bio for the Atlantic Council.
- The link for Bob's course in the Tuttle Twins Academy.
- Help support the Bob Murphy Show.
Adam Haman returns to discuss Trump's address to the nation on Iran. Bob offers a theory that Trump isn't as much of a puppet of Netanyahu as some cynics claim.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, the Scott Horton Academy.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Bob uses clips from his ZeroHedge debate with Randall Wray, as well as a moment from a forthcoming Human Action podcast, to provide deeper analysis than he had time to cover in the moments.
Mentioned in the Episode and Other Links of Interest:
- The ZeroHedge debate between Murphy and Randall Wray.
- Bob's (quick) critique of the sectoral balance argument.
- Bob's Human Action episode on Cantillon effects.
- Help support the Bob Murphy Show.
Adam Haman returns to discuss with Bob the economics of the petrodollar. They also go through some key moments from the recent ZeroHedge debate between Bob and MMT co-founder Randall Wray.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- The ZeroHedge debate.
- Scott Beyer on the petrodollar.
- Bob critiques the sectoral balance demonstration, and Kelton's book.
- This episode’s sponsor, the Scott Horton Academy.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Bob was recently on the "What Is Money?" podcast to probe the philosophical underpinnings of Austrian economics.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- HHH's Economic Science and the Austrian Method (ESAM).
- BMS ep 7 explaining Godel's theorem.
- Bob's earlier appearance on "What Is Money?" (recorded on-site at the inaugural ARC conference).
- Help support the Bob Murphy Show.
Adam Haman returns to discuss with Bob the legacy to economics left by Murray Rothbard and Roger Garrison, in light of the 100th anniversary of Rothbard's birth and the recent passing of Garrison.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- Rothbard's Man, Economy, and State and Bob's Study Guide to it.
- Garrison's 1984 journal article. The home base of his amazing PowerPoints.
- Bob's journal article on Garrison's model related to neoclassical growth theory.
- This episode’s sponsor, The Swan Brothers.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Michael Fraser is a business consultant on leading LLMs, with an extensive knowledge of praxeology. He joins Bob to discuss the Pentagon's decision to sever ties with Anthropic and even designate them a supply chain risk.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Anthropic CEO's statement in response to Hegseth decision.
- Academic paper putting leading LLMs into a wargame.
- Good examples of "jailbreaking" safeguards on LLMs.
- The BMS interview of Steve Landsburg discussing Grothendiek.
- Michael Fraser's interview on the InFi podcast, discussing LLMs as a cauldron, not a crystal ball.
- Help support the Bob Murphy Show.
Adam Haman returns, this time to discuss a recent paper summarizing the performance of leading LLMs in wargames.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- The NewScientist article reporting (inaccurately) on this research paper.
- BMS ep 467 on the weaknesses of modern game theory.
- This episode’s sponsors, the Scott Horton Academy and The Swan Brothers.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Bob continues his commentary on John chapter 3, this time on verses 13 through 17. This includes the famous verse John 3:16, which lays out the recipe for eternal life through belief in Jesus.
Mentioned in the Episode and Other Links of Interest:
- The previous episode in this series, i.e. BMS ep 475, Installment 10: Being Born Again.
- John Piper on Moses lifting up the serpent.
- John Piper answers: Does God love the non-elect?
- Help support the Bob Murphy Show.
Adam Haman returns, this time to help Bob parse the Epstein-Bannon interview footage that was released with the general Epstein file dump. It reveals a glib character who plays fast and loose with his anecdotes.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- The Epstein-Bannon footage.
- This episode’s sponsors, the Scott Horton Academy and The Swan Brothers.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Adam Haman returns to address a small but vocal minority who allege that the Epstein file dump was a big nothingburger, and that there is no evidence for a global trafficking cult.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, Monetary Metals.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Adam Haman returns, to help Bob unpack a fascinating article outlining the intersection of stablecoins and monetary compeition among the global powers.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsors, the Scott Horton Academy and The Swan Brothers.
- Bob's episode on a billionaire bunker, and the leaked briefing to the president.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Robert Bryce is an expert on energy markets and their intersection with geopolitics. He joins Bob to explain the long-standing US hostility toward the Chavez and then Maduro regimes. He also explains the fragility of the Cuban regime, which had depended on Venezuelan exports.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Robert Bryce's substack column. His previous interview on the InFi podcast talking about rare earths and magnets.
- The link for this episode’s sponsor, Monetary Metals.
- Help support the Bob Murphy Show.
Adam Haman returns to help Bob parse three amazing (in different ways) speeches at the WEF, given by Mark Carney, Donald Trump, and Javier Milei.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, the Scott Horton Academy.
- Links to the WEF speeches by Mark Carney, Donald Trump, and Javier Milei.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Tony Lapidus is blowing up on X, known for his amazing Lex Fridman and other impressions. He showcases them for Bob, and explains his process.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Tony Lapidus on X, and on YouTube.
- The link for this episode’s sponsor, Monetary Metals.
- Help support the Bob Murphy Show.
Adam Haman returns for another crossover, this time discussing the daycare fraud in Minnesota, and how a free market would handle these issues.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, the Scott Horton Academy.
- Adam Haman's substack posts on MN fraud and LARPing.
- The HamanNature substack.
- Help support the Bob Murphy Show.
NOTE: THIS IS FICTITIOUS. I am trying to "steelman" the Administration's policies, to try to retroactively make sense of various moves they have made, that initially surprised me. I thought it would be more entertaining to present the material in this way; I didn't realize people might think it was an actual leak.
Bob relays leaked audio of a presentation that was apparently given recently to President Trump, outlining various military and economic considerations especially as relates to the China threat. It is essential for understanding the Administration's recent and future moves.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Dominic Frisby's interview on the InFi podcast, spelling out his case that China holds much larger gold reserves than the official statistics indicate.
- Help support the Bob Murphy Show.
Adam Haman returns for another installment in the artistic review series. This time he and Bob review Stanley Kubrick's 1975 period piece, "Barry Lyndon."
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, The Swan Brothers.
- The trailer for Barry Lyndon.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Abigail Hall is an economist at the University of Tampa. She has co-authored several books detailing the dangers of aggressive US foreign policy. In this episode she talks specifically about the Venezuelan operation and the arguments from its proponents.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Abby Hall and Patrik Ward's op ed on CIA intervention in Latin America.
- Abby Hall's homepage (with links to her books).
- The link for this episode’s sponsor, Monetary Metals.
- Help support the Bob Murphy Show.
Adam Haman returns for another crossover episode, this time to discuss the right-wing commentary on the capture of Nicolas Maduro (and his wife).
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, The Swan Brothers.
- Ed Feser interview on the Catholic fathers' writings on international law.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Bob covers John 3: 1-12, where Jesus tells Nicodemus that he must be born again to see the kingdom of God.
Mentioned in the Episode and Other Links of Interest:
- The previous episode in this series, i.e. BMS ep. 396, Installment 9: Cleansing the Temple.
- Help support the Bob Murphy Show.
Responding to the reaction over Elon Musk's recent estimated net worth of some $749 billion, Bob analyzes the economics of financial markets in much greater depth than the critics.
Mentioned in the Episode and Other Links of Interest:
- A news item on Musk being worth $749 billion.
- The link for this episode’s sponsor, Monetary Metals.
- Help support the Bob Murphy Show.
Adam Haman returns to discuss an intriguing panel featuring Elon Musk and Nvidia's Jensen Huang as they announced a business deal with Saudi Arabia.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, the Scott Horton Academy.
- The panel featuring Elon and Jensen Huang.
- Bob critiques Paul Craig Roberts on MRI outsourcing.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Pontus Rendahl is a neoclassically trained economist who spent a decade at the University of Cambridge, which has a long tradition of hosting heterodox economics. He made good-faith efforts to interact with these outsiders but reports that the attempt bore little fruit.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The link for this episode’s sponsor, Monetary Metals.
- Pontus Rendahl's twitter thread on his outreach efforts.
- Help support the Bob Murphy Show.
Adam joins Bob in reviewing Bob's recent conversation with Eric Weinstein, on his work (with Pia Malaney) in applying gauge theory to economics. Bob argues that neoclassical economists but also Austrians should consider Eric's bold proposals.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, the Scott Horton Academy.
- Bob's original interview of Weinstein on the InFi podcast.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Adam Haman returns, this time to help Bob analyze clips from Adam's own show. Specifically, Adam had interviewed two authors (Jobst Landgrebe and Barry Smith) on their book claiming that AI had in-built limits.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, The Swan Brothers.
- The Haman Nature interview of the authors, and a solo Haman interview of Landgrebe.
- Bob's interview on the halting problem, his "conversation" with GPT4, his explanation of Godel's Theorem, and his theological explanation of the mysterious success of LLMs. Someone else's great video explaining how LLMs work,
- The HamanNature substack.
- Help support the Bob Murphy Show.
David Brady Jr joins Bob to discuss his essay on the new neoconservatives, including such figures as Douglas Murray and James Lindsay.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The link for this episode’s sponsor, Monetary Metals.
- David's article on the new neoconservatives, and his article on woke baiting.
- Help support the Bob Murphy Show.
Economist Steve Landsburg gives a presentation based on his new book, which uses intuitive analogies to really explain the slowdown in time and other odd implications of the theory of special relativity.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Order Steve Landsburg's books.
- A great "Mechanical Universe" episode showing Lorentz transformations with intuitive animations.
- BMS interview with Landsburg on the math genius Grothendieck.
- Help support the Bob Murphy Show.
Adam Haman returns for another crossover. In this episode, they give the brief history and a critique of formal game theory.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, The Swan Brothers.
- Bob's article on A Beautiful Mind.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Keith Smith is founder of the Surgery Center of Oklahoma. He returns to the podcast to summarize his recent testimony on medical costs.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The CSPAN video of the testimony.
- The Surgery Center of Oklahoma. The Free Market Medical Association (FMMA). Matt Ohrt's appearance on the BMS.
- The Tuttle Twins Academy (with Black Friday discount).
- Help support the Bob Murphy Show.
Founder of the Libertarian Institute, Scott Horton, joins Bob to discuss the new online academy dedicated to revisionist history. Along the way, he explains why he had no trouble being a right-wing antiwar ideologue in his formative years.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The link for Scott Horton Academy (use promo code "BOB").
- Scott's page at the Libertarian Institute.
- The trailer for The Bibi Files.
- Help support the Bob Murphy Show.
Steve Patterson joins Bob to analyze a recent interview of Curtis Yarvin, in which he favorably discusses Mises' views on money and banking.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Yarvin on the Peter McCormack show.
- Bob's prior critique of Yarvis on libertarianism and finance.
- Bagus and Howden responding to Block and Barnett on maturity mismatching.
- Steve Patterson on three paradoxes in mathematics.
- Help support the Bob Murphy Show.
Adam Haman returns to assess clips a recent ZeroHedge debate between Keith Knight and Jim Holland, on whether the Allies should have entered World War II.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, The Swan Brothers.
- The link to the ZeroHedge debate between Keith Knight and Jim Holland.
- Bob's source for WW2 production figures.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Kyle Anzalone joins Bob to discuss the details behind US strikes on boats off the coast of Venezuela, including the release of the survivors. Kyle then summarizes some other foreign policy hotspots.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The link for this episode’s sponsor, Monetary Metals.
- Kyle's page at the Libertarian Institute.
- DEA report (from 2020) on the sources of fentanyl into the US.
- The Kyle Anzalone Show, as well as his show Conflicts of Interest.
- Max Blumenthal interview on the Bay of Piglets.
- Help support the Bob Murphy Show.
Bob gives a friendly critique to Clint Russell and other antiwar podcasters for unwittingly conceding the framing of Ben Shapiro and James Lindsay, when it comes to the place of Nick Fuentes in their ranks.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Clint Russell's episode on Fuentes conquering TPUSA. Ben Shapiro on Tucker Carlson as the bad guy.
- Bobby Darin performance that rivals any German dictator.
- Bob's earlier episode responding to Fuentes' arguments.
- Help support the Bob Murphy Show.
Adam Haman returns to critically assess clips from Stefan Molyneux (on the morality of war) and Tucker Carlson (and the allegedly insidious role of libertarian economists in hurting Americans).
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, The Swan Brothers.
- The link to Stefan's episode. The link to Tucker's episode.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Bob has a delightful discussion with one of his NYU professors on the recent controversy regarding the use of math in economics.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Paul Romer's critique of "mathiness" in the theory of economic growth.
- Bob's doctoral dissertation, with mathematical appendix showing the problems with assuming the real rate of interest equals the marginal product of capital. (The punchline is equation [4] on page 190.)
- The link for this episode’s sponsor, Monetary Metals.
- Help support the Bob Murphy Show.
Adam Haman returns to help Bob unpack the juicy economic history from a recent Hoover Institution interview of Arthur Laffer.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- The Hoover Institution interview of Arthur Laffer.
- Bob's book Understanding Money Mechanics.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Matt Ohrt is the Executive Director of the Free Market Medical Association. He tells Bob various stories from his experience in helping companies save millions by opting out of the conventional government/insurance health care system.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The Free Market Medical Association (FMMA) homepage.
- Matt Ohrt's book, Save Your Company! Don't Feed the Beast.
- The link for this episode's sponsor, Monetary Metals.
- Help support the Bob Murphy Show.
Reason producer Zach Weissmueller joins Bob for a tough but informative discussion on why rolling back the drug war is more nuanced than what many libertarians might believe. Zach produced a documentary and just debated at the SoHo Forum on why Oregon's drug decriminalization was overturned.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Zach Weismueller's post-decrim documentary.
- The SoHo Forum debate on Oregon's decrim experiment.
- The link for the New American magazine.
- Help support the Bob Murphy Show.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, The Swan Brothers.
- The HamanNature substack.
- Help support the Bob Murphy Show.
In a recent episode, Adam Haman joined Bob to critically assess a clip from Nick Fuentes. His fans flooded the comments, saying that we ran from the actual debate. In this episode, Bob explains his objections.
Mentioned in the Episode and Other Links of Interest:
- BMS ep. 453 in which Adam Haman and Bob criticized Fuentes.
- Bob's takedown of Lincoln's argument for tariffs.
- The link for Monetary Metals.
- Help support the Bob Murphy Show.
Adam Haman returns to first comment on the recent Nick Fuentes rehabilitation tour, and then the main event: Analyzing the Coleman Hughes vs. Dave Smith debate.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- Coleman Hughes vs. Dave Smith.
- Dave Smith responds to the "seven countries in five years" challenge.
- This episode’s sponsor, The Swan Brothers.
- BMS ep 95 with Tareq Haddad on the OPCW Syria scandal.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Bob draws on numerous examples from everyday adult wisdom to explain why religious obedience bestow benefits, perhaps counterintuitively.
Mentioned in the Episode and Other Links of Interest:
- The link for the 2025 ExPat Money Summit.
- The link for Monetary Metals.
- Help support the Bob Murphy Show.
Adam Haman returns to help Bob critically assess the various strategies for promoting liberty that they and their colleagues have tried.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- The link for the 2025 ExPat Money Summit.
- This episode’s sponsor, The Swan Brothers.
- Bob's interview of Patri Friedman on Prospera. His recent interview with Spike Cohen on You Are the Power.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Adam Haman returns to participate in the 2nd installment of his "book club" with Bob. Last time, they reviewed The Dark Knight Returns, while this time they review The Man Who Was Thursday, a classic philosophical thriller.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- The link for the 2025 ExPat Money Summit.
- GK Chesterton's The Man Who Was Thursday.
- This episode’s sponsor, The Swan Brothers.
- Dave Smith’s Part of the Problem episode 1306.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Daniel Kuehn is a labor economist with the Urban Institute. He has an interest in the history of economic thought, and joins Bob to discuss his forthcoming Journal of Economic Perspectives (Vol 39, No 4) article on WEB Dubois' work on marginal productivity theory, when it was still in its infancy.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, ExPatMoneySummit.com.
- Daniel's page at the Urban Institute.
- Help support the Bob Murphy Show.
In another crossover, Adam Haman returns to critically assess Dave Smith's intriguing arguments regarding the firing (with FCC pressure) of Jimmy Kimmel.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- The link for the 2025 ExPat Money Summit.
- This episode’s sponsor, The Swan Brothers.
- Dave Smith's Part of the Problem episode 1306.
- Bob's article in The Misesian on identifying businesses allied with the State.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Spike Cohen returns to the podcast to elaborate on the tremendous success of his organization, You Are the Power. By simply spotlighting particular government officials abusing their position, his network can give people an incentive to do the right thing.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, ExPatMoneySummit.com.
- The You Are the Power main page.
- BMS ep 369 featuring Spike Cohen on his adventures.
- Help support the Bob Murphy Show.
Adam Haman returns to discuss various controversies that have arisen in the aftermath of the Charlie Kirk assassination.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- The link for the 2025 ExPat Money Summit.
- This episode’s sponsor, The Swan Brothers.
- Glenn Greenwald showcasing Charlie Kirk on Netenyahu regime.
- The Kyle Kulinski discussion of Kirk on stoning gays.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Jake Boldig was the one to introduce Bob to two previous BMS guests (Jonathan Menn and Protais Nshogoza). They all work for ECLEA--Equipping Church Leaders in East Africa. Jake tells Bob of his recent adventures in the Congo.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, ExPatMoneySummit.com.
- The homepage of ECLEA.
- BMS ep 392 with Jonathan Menn (founder of ECLEA), and BMS ep 411 with Dr. Protais Nshogoza (survivor of Rwandan genocide).
- Help support the Bob Murphy Show.
Adam Haman returns for another cross-over, this time discussing the video and commentary surrounding the US military strike on a motorboat off the coast of Venezuela.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- The link for the 2025 ExPat Money Summit.
- This episode’s sponsor, The Swan Brothers.
- The Glenn Greenwald discussion of Rubio and Trump on Venezuela.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Pastor and apologist Lee Strobel recently appeared on Tucker Carlson to discuss his new book on angels and demons. But Bob focuses on Strobel's own journey from atheism to faith, and his description of near death experiences.
Mentioned in the Episode and Other Links of Interest:
- The Tucker Carlson interview of Lee Strobel.
- This episode’s sponsor, ExPatMoneySummit.com.
- Strobel's new book, Seeing the Supernatural.
- Help support the Bob Murphy Show.
Adam Haman returns to discuss three recent news items involving the Trump Administration: the Intel acquisition, the firing of and lawsuit by Fed Governor Lisa Cook, and the possible judicial repeal of some of the tariffs.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, The Swan Brothers.
- Bob's recent appearance on reason's Just Asking Questions podcast, to discuss Intel.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Ray March is an economist with the Free Market Institute (where he studied under Murphy years ago) and a Research Fellow at the Independent Institute. He joins the podcast to discuss his recent op ed in the Washington Post.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, ExPatMoneySummit.com.
- Ray March's Washington Post op ed.
- Ray March's Texas Tech page.
- Help support the Bob Murphy Show.
Mathematician Ian Deters returns to the podcast to summarize the results of his computer simulations of a simple model of "free banking," as guided by Bob's instructions. His report has some good news and bad news for Bob.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, ExPatMoneySummit.com.
- The website of Ian Deters, including contact info. Ian Deters' appearance on the BMS ep. 287 defending the use of infinite sets in higher mathematics.
- Bob's recent Human Action podcast episode explaining the Rothbardian view of free banking (and the in-built limits to credit expansion).
- The Selgin-White 1994 JEL article laying out their model of free banking.
- Bob's QJAE article critical of the Selgin-White approach to free banking.
- Help support the Bob Murphy Show.
In a new type of crossover episode, Adam Haman and Bob Murphy provide an in-depth analysis of Frank Miller's classic graphic novel, Batman: The Dark Knight Returns. They also relate Miller's depiction to other treatments of the world's greatest detective.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, The Swan Brothers.
- The anniversary edition of Batman: The Dark Knight Returns (graphic novel).
- Links to old Batman clips (one and two). The YouTube version of the animated Dark Knight Returns (Part I and Part II).
- The HamanNature substack.
- Help support the Bob Murphy Show.
Alex Bernardo hosts the Protestant Libertarian podcast. He recently had Bob on, to explain why American Christians should care about the Federal Reserve.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, PersistSEO.com.
- The homepage of the Protestant Libertarian podcast.
- Help support the Bob Murphy Show.
Adam Haman returns for another crossover, this time reviewing a fascinating, 18-minute video which makes a strong case that "they've been lying to us about nuclear power." As always, Adam and Bob don't trust anybody, even the fellow YouTuber.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, The Swan Brothers.
- The "Maxinomics" YouTube video making the case for nuclear power.
- Links on the Navy rates of cancer, pop article and journal article.
- The HamanNature substack.
- Help support the Bob Murphy Show.
David R. Henderson is a Research Fellow with the Hoover Institution at Stanford University. He joins Bob to discuss a recent substack post, in which he reproduced the article Hoover ran in the lead-up to the 2003 US invasion of Iraq. David and Bob then discuss parallels with current events.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, PersistSEO.com.
- David R. Henderson's substack.
- An article explaining the Niger yellowcake forgeries.
- Daniel Ellsberg's book on the US nuclear weapons program.
- Help support the Bob Murphy Show.
In another crossover episode, Adam Haman asks Bob about his doubts/concerns on various parts of Richard Werner's recent appearance on the Tucker Carlson show. This discussion is on the heels of Bob's episode of the Human Action podcast with Jonathan Newman, where they responded to Werner's interview from an Austrian economics perspective.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, The Swan Brothers.
- The Richard Werner appearance on Tucker Carlson.
- Bob's Human Action podcast episode with Jonathan Newman, discussing Werner.
- Bob's infineo blog post going over the accounting; his latest HA episode walking through these examples.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Martha Bueno is a popular advocate for liberty whose parents fled communist Cuba. She is part of Lyn Ulbricht's new organization dedicated to freeing nonviolent offenders suffering from cruel sentencing.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, PersistSEO.com.
- The homepage for MACS (Mothers Against Cruel Sentencing).
- Martha Bueno's X profile; the profile for MACS.
- Lyn Ulbricht's interview on the BMS.
- Help support the Bob Murphy Show.
Patri Friedman has a long career in promoting real-world projects for creating free cities. Originally he was associated with seasteading, but he has since focused on an opportunity provided in Honduras.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, PersistSEO.com.
- Patri's Twitter account. The homepage for Pronomos Capital.
- Help support the Bob Murphy Show.
Mel Whitte--who goes by the humorous Twitter handle @Villgecrazylady--was perfectly poised to realize the ostensible arrest file on Gaza whistleblower Tony Aguilar was an obvious fake. She explains to Bob how she realized Aguilar's critics were lying.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Tony Aguilar's first and then second appearance on Tucker Carlson.
- Mel Whitte (@VillgeCrazyLady)'s thread on X. Bob's argument with "Green Beret Nap Time" about the street address.
- This episode’s sponsor, PersistSEO.com.
- Help support the Bob Murphy Show.
Adam returns for another crossover, this time to discuss Peter Thiel's fascinating conversation with Ross Douthat.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode's sponsor, The Swan Brothers.
- The Thiel/Douthat interview.
- BMS ep 421, building a billionaire's bunker.
- Bob's article explaining the distinction between Hayek's knowledge problem and Mises' calculation problem (of socialism).
- The HamanNature substack.
- Help support the Bob Murphy Show.
Bob gives a mixed review of James Gunn's 2025 Superman, in particular contrasting it with the 1978 classic.
Mentioned in the Episode and Other Links of Interest:
- Bob’s review of the Transformers (animated) movie.
- This episode’s sponsor, PersistSEO.com.
- Help support the Bob Murphy Show.
Adam Haman returns to help Bob critique two recent Tucker Carlson interviews, featuring Charlie Kirk and Saagar Enjeti. Although the conversations contained much to praise, Adam and Bob focus on the unfortunate economic paternalism in both.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- The Tucker interview of Charlie Kirk, and of Saagar Enjeti.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Scott Horton talks to Bob about his recent Tucker Carlson performance, as well as identifying key lies about US foreign policy.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, PersistSEO.com.
- Scott Horton's appearance on the Tucker Carlson show.
- Scott's archives at the Libertarian Institute. Scott's books.
- Help support the Bob Murphy Show.
Adam Haman returns to talk to a fellow Vegas entrepreneur, John "W2Jesus" Pollak, who is affiliated with the popular "Vegas Matt" YouTube channel. A fun discussion all around.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- The "Vegas Matt" YouTube channel.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Christina Dent was raised a conservative Christian who was first homeschooled and then went to college to earn a degree in Biblical studies. She had always endorsed a punitive approach to drugs until she met the mother of a foster child, who shattered Christina's preconceptions.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, PersistSEO.com.
- The link for Christina's free book.
- The main page for EndItForGood. Christina's book, Curious. Christina's TEDx talk.
- Help support the Bob Murphy Show.
Adam Haman and Bob Murphy interview Jacob Hornberger to get to the bottom of their differing views on libertarianism and immigration.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- BMS ep 416, which was a response to Hornberger's original critique of Adam and Bob. Jacob's response to them.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Stefan Molyneux's Freedomain platform hosts the world's largest online community devoted to philosophical inquiry and personal liberty. He joins Bob to discuss several topics, including Stefan's return (after exile) to Twitter, his advice to young men, and his evolving views on Christianity.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- The freedomain home page.
- A popular video (reposted after Stefan banned from YT) from Stefan back in the day.
- Bob's roast of Stefan at Porcfest.
- Help support the Bob Murphy Show.
Tom Woods returns to the show to discuss being an academic vs. entrepreneur, the proud history of foreign non-interventionism on the American Right, and the sorry state of our public intellectuals.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, PersistSEO.com.
- Scott Horton's magnificent appearance on Tucker Carlson.
- Tom's (free) history courses.
- Tom's antiwar book with Murray Polner.
- Help support the Bob Murphy Show.
Adam Haman returns to help Bob respond to a common string of objections he recently received, as feedback on a lecture given to the Menger Institute.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- Bob's lecture to the Menger Institute on private law (and defense).
- Bob's articles on warlords and the mafia.
- BMS ep 166 on Arrow's Theorem. Adam and Tyrone discuss Arrow.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Bob elaborates on the vision he recently painted on the Tom Woods Show, explaining a plausible path by which today's multi-billionaires might eventually sit on the same playing field as the leaders of nation States.
Mentioned in the Episode and Other Links of Interest:
- Bob's appearance on the Tom Woods Show talking about AI and robotics.
- This episode’s sponsor, PersistSEO.com.
- Help support the Bob Murphy Show.
Adam Haman returns. This time he and Bob discuss a fascinating interview in which Darryl Cooper gives his "heretical" takes on God and the devil.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- Darryl Cooper's appearance on the Duncan Trussell Family Hour podcast.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Adam Haman returns to discuss various clips on the Israel/US conflict with Iran.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- Tulsi Gabbard's clarification on her March testimony.
- The Tucker/Cruz interview.
- Dave Smith's "funeral" for Ben Shapiro.
- Dave Smith vs. Konstantin Kisin on Piers Morgan.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Steve Keen is an iconoclast economist who is sympathetic to MMT claims that right-wingers worry too much about government budget deficits. However, in a recent post Keen says that Trump Admin economists (such as Stephen Miran) make more sense on trade deficits than Warren Mosler does.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode’s sponsor, PersistSEO.com.
- Steve Keen's free book and subscription-based online course.
- Steve's post on trade deficits, Trump, and MMT.
- Murphy and Hendrickson give qualified support to Miran's paper on tariffs.
- Help support the Bob Murphy Show.
Kristian Fors is a research fellow with the Independent Institute. He joins Bob to discuss his new policy report, which explains why so many insurers are pulling out of the California homeowners market, and how to fix it.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Kristian Fors' policy report on the CA homeowners insurance crisis. Independent Institute's Golden Fleece awards.
- The link for Monetary-Metals.com.
- Help support the Bob Murphy Show.
Adam Haman returns, this time to discuss Jacob Hornberger's recent video, where he critiques the Haman/Murphy/Dave Smith takes on immigration.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- Jacob Hornberger's critique of Haman/Murphy/Smith.
- The SoHo Forum immigration debate between Dave Smith and Alex Nowrasteh. Adam and Bob's original analysis of the SoHo Forum immigration debate. Bob's breakdown of it on Human Action podcast. Bob's interview of Nowrasteh on the debate.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Alex Nowrasteh is Vice President for Economic and Social Policy Studies at the Cato Institute. After Bob (on the Human Action podcast) summarized the recent SoHo forum immigration debate between Alex and Dave Smith, Alex had written a substack article responding to Bob's critique. Alex joins Bob to discuss the controversy, covering the empirical studies, the Hoppean argument concerning government-controlled property, and the current situation in LA.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- This episode's sponsor, PersistSEO.com.
- The SoHo Forum immigration debate.
- Alex Nowrasteh's substack column pushing back against Bob's critique. The list of CATO studies (co-)authored by Alex Nowrasteh.
- Bob and Adam Haman comment on the SoHo debate. Bob goes solo on the Human Action podcast to parse Dave Smith's arguments and to question Alex's empirical claims.
- Bob's episode talking about blockades and immigration in a free society (with reference to his novel, Minerva).
- Help support the Bob Murphy Show.
Adam Haman returns. In this episode he and Bob share life lessons from their respective fields of expertise (card-playing and economics).
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Bob explains the fundamental role that subjective choice plays in various fields, suggesting there is something quite extraordinary about it.
Mentioned in the Episode and Other Links of Interest:
- Bob's book Choice. A recent Human Action podcast episode with Jonathan Newman, discussing Bob's introductory textbook and why action is so important in economic science.
- BMS ep. 304, the first installment of the Bible commentary, which includes Bob's movie theater analogy for reconciling free will and determinism.
- BMS ep. 257 laying out Hans Hoppe's case that Mises' action axiom solved the mind-body problem.
- A good YT video explaining the weird results of the 2-slit experiment.
- A good YT on Bell's Theorem. Sabin Hossenfelder on Hoofdt and superdeterminism.
- InFi ep. 22 featuring Michael Fraser, who consults with business leaders that they should view AI as a cauldron, not a crystal ball.
- Background info on the Axiom of Choice from set theory.
- Help support the Bob Murphy Show.
Adam Haman returns, this time for a 2fer. First he and Bob discuss the recent SoHo Forum debate on immigration between Dave Smith and Alex Nowrasteh. Then they discuss Michael Malice's recent appearance on Bret Weinstein's DarkHorse podcast to talk about egalitarianism and anarchy.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- The SoHo forum debate, and the Michael Malice interview.
- BMS ep 194 on Bob's views on immigration under anarchy.
- Dave Smith on the Human Action podcast laying out his views on immigration vis-a-vis libertarian theory.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Dr. Protais Nshogoza is the Rwanda National Coordinator for ECLEA (Equipping Church Leaders -- East Africa). He lived through the Rwandan genocide though many of his friends and family did not. Even as a Christian pastor, Protais struggled with thoughts of revenge until God showed him the power of forgiveness.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Protais' organization in Rwanda. The section of ECLEA's website on Rwanda.
- BMS ep 392 with Jonathan Menn (who started ECLEA).
- Help support the Bob Murphy Show.
Adam Haman returns, this time helping Bob to evaluate Oren Cass--a leading protectionist on the right--in his recent appearance on the Tucker Carlson show.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- Oren Cass on Tucker Carlson.
- Bob's interview of Oren on the InFi podcast.
- Oren's essay on free trade's "origin myth," and Phil Magness' response.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Terry Hulsey joins Bob for a fascinating discussion of history and political science, with an end to providing a framework for Texas secession that can endure.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The Mises Bookstore entry for TL Hulsey's book.
- BMS on Arrow's Theorem. BMS on Daniel Miller on the Texas Nationalist Movement.
- Randy Barnett's critique of Nozick in the Journal of Libertarian Studies.
- Brett Hennig on stratified sortition.
- Eric Nelson's "Liberalism Is Rooted in Pelagianism."
- David Friedman's critique of the Non-Aggression Principle.
- The link for Monetary-Metals.com.
- Help support the Bob Murphy Show.
As if they had watched the previous crossover, Bret Weinstein and Tucker Carlson discuss many of the same issues (such as the existence of God, the multiverse, the role of evolution) that Adam and Bob covered, but also a new one (human sacrifice). So the duo return for another crossover to react.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- The Bret Weinstein appearance on Tucker Carlson.
- David Gornoski on the BMS talking about Rene Girard and scapegoats.
- The Martyr Made series on human sacrifice. The Pete Leeson paper.
- BMS ep 358 in which Adam and Bob discussed Nick Bostrum and simulation theory.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Connor Boyack is the founder of the Libertas Network, and co-creator of the popular Tuttle Twins book series. He discusses a recent controversy in which the children's books were (temporarily) removed from public libraries in New York state. He also discusses Bob's new economics course which is part of the Tuttle Twins Academy.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The link to Bob's online economics course at the Tuttle Twins Academy.
- Connor Boyack's website, with links to his various projects.
- Help support the Bob Murphy Show.
Adam Haman returns to help Bob navigate through yet another Twitter battle, this time on Darwin's theory of evolution vs. simulation theory (i.e. the notion that we are all in a giant simulation). Lots of interesting fodder to make you think.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- Bob's battles after his jab at the Carl Sagan account's tweet.
- BMS ep 303 featuring Jonathan Bartlett, explaining that standard evolutionary theory uses non-random mutations all the time.
- BMS ep 358 in which Adam and Bob discussed Nick Bostrum and simulation theory.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Bob analyzes the GDP report for Trump's 1st quarter, which was characterized by a surge in imports and private inventories, and a drop in government spending. Although the conventional discussion of these topics is confused, the fall in real GDP does indeed signify a weak economy.
Mentioned in the Episode and Other Links of Interest:
- The BEA GDP report.
- Peter St. Onge's rosy analysis.
- Bob's article (from 2010) about quirks in the standard approach to inventory in GDP.
- The link for Monetary-Metals.com.
- Help support the Bob Murphy Show.
Adam Haman returns to discuss perhaps the most difficult problem in libertarian legal theory: the treatment of children. The discussion then spills over onto the treatment of animals and even AI.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- BMS 182 which laid out the trust approach.
- Bob (and Gene Callahan)'s critique of Hans Hoppe's argumentation ethics.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Bob covers some loose ends on the Douglas Murray / Dave Smith debate, then analyzes how a libertarian legal system would handle the thorny problem of human shields.
Mentioned in the Episode and Other Links of Interest:
- Bob's journal article on libertarian law and military defense.
- Sam Harris interviews Douglas Murray on the JRE debate.
- Previous BMS episodes on the Murray/Smith debate (here and here).
- John Spencer's twitter essay critiquing Dave Smith's views on war.
- The link for Monetary-Metals.com.
- Help support the Bob Murphy Show.
Bob responds to a Heinlein quotation (from Starship Troopers) that claimed violence had settled more issues in history than any other factor. Bob relies on Mises and Jesus to argue the contrary.
Mentioned in the Episode and Other Links of Interest:
- Jeremy Kauffman's tweet that prompted this episode.
- Bob on why the AI won't wipe us out.
- The link for Monetary-Metals.com.
- Help support the Bob Murphy Show.
Adam Haman returns to analyze the continued fallout from the Murray/Smith debate on the Joe Rogan podcast. As always, Adam and Bob have unique video and insights that other commenters have overlooked.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- The full Murray/Smith debate on Rogan.
- Douglas Murray on Australia's Sky News. His NY Post op ed.
- Konstantin Kisin's article.
- A Spiked analysis of the debate.
- Pat Buchanan's C-SPAN debate on Churchill.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Adam Haman returns to dissect the Douglas Murray / Dave Smith debate on Joe Rogan. Adam and Bob present evidence--including an old clip of Murray talking about Iraq--that other commentary has missed.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- The full Murray/Smith debate on Rogan.
- The UNICEF fact sheet on the Gaza blockade.
- Murray talking to Lex Fridman on "lived experience."
- Murray talking about his visit to Iraq.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Chris Barnard is president of the American Conservation Coalition, which has some 75,000 members. He joins Bob to discuss the unfortunate pattern of ceding concern for the environment to the political left, and what the ACC is doing (especially on college campuses) to shatter that stereotype.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Chris Barnard's bio at American Conservation Coalition.
- The Market Environmentalism Academy.
- Bob's article showing that Naomi Klein supported the Green New Deal for non-climate reasons.
- The link for Monetary-Metals.com.
- Help support the Bob Murphy Show.
Adam Haman returns to discuss the hot topic of the day: Trump's tariffs! In particular, Adam helps Bob to analyze the justifications for the tariffs given by MAGA fans, and how free trading libertarians should respond.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- The single best video summarizing Bob's points on the trade deficit debate, pushing back against the left and right.
- Bob on Trump's tariffs and income taxes.
- Leonard Read's, "I, Pencil."
- The HamanNature substack.
- Help support the Bob Murphy Show.
Adam Haman and Bob interview Domenic Scarcella (author of Good Neighbor, Bad Citizen) on the events leading up to the Crucifixion of Jesus. The conversation includes Domenic's unorthodox take on Judas.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- Domenic Scarcella's substack.
- Scarcella's earlier appearance on BMS ep. 310, arguing that Jesus was a good neighbor but bad citizen.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Bob covers John 2: 13-25, where Jesus drives out the animals and moneychangers from the temple in Jerusalem at the start of His public ministry.
Mentioned in the Episode and Other Links of Interest:
- RC Sproul on cleansing of the temple. John MacArthur on it.
- The previous episode in this series, i.e. BMS ep. 374, Installment 8: Turning Water Into Wine.
- Help support the Bob Murphy Show.
Adam Haman returns, this time discussing with Bob the controversy over sending accused gang members to an El Salvador prison. Should they be given due process? Adam and Bob then discuss the is/ought distinction from ethics.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- Glenn Greenwald on due process.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Cody Cook is a theologian and anarchist writer with a new book out from the Christian Libertarian Institute. He explains the background of anabaptism first, and then explains its intimate connection with anarchism in the Rothbardian tradition.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The landing page for The Anarchist Anabaptist.
- Dan Carlin's Hardcore History podcast episode covering the Protestant takeover of Munster.
- The link for Monetary-Metals.com.
- Help support the Bob Murphy Show.
Adam Haman returns again, this time to discuss the pros and cons of shutting down debate. The context is Darryl Cooper's recent appearance on Joe Rogan.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- Darryl Cooper's March 2025 appearance on the Joe Rogan Experience.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Jonathan Menn is a retired trial attorney who earned an MDiv and has started a ministry equipping pastors in East Africa. His latest book, Is Christianity True?, covers three main topics: 1) the trustworthiness of the Bible, 2) the incoherence of naturalism, and 3) the problem of evil.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The ECLEA (Equipping Church Leaders -- East Africa) website.
- The Amazon links for Menn's books, Is Christianity True? and Biblical Eschatology.
- Stephen Meyer on the God Hypothesis at Cambridge.
- The link for Monetary-Metals.com.
- Help support the Bob Murphy Show.
Adam Haman joins Bob (yet again) to discuss various topics, but most important: Was Trump right to say that the Biden Administration was funding research on transgender experiments on mice?
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this conversation.
- The reason article "debunking" Trump's claim.
- Bob's InFi episode on GDP calculations and government spending.
- The HamanNature substack.
- Help support the Bob Murphy Show.
Bob samples from Alex O'Connor, Ben Shapiro, and Freeman Dyson to offer his latest understanding of the connection between free will, the self, and quantum uncertainty.
Mentioned in the Episode and Other Links of Interest:
- Alex O'Connor debates Ben Shapiro on God.
- Freeman Dyson on free will and quantum physics.
- The double-split experiment showcasing uncertainty at atomic level.
- The BMS episode which outlines Bob's "red dot in a movie theater" analogy to reconcile human free will with God's sovereignty.
- The link for Monetary-Metals.com.
- Help support the Bob Murphy Show.
In yet another crossover episode, Adam Haman and Bob discuss the fiery showdown between Ukraine's Zelensky and the US president and VP, on live television, from the Oval Office. As usual, Adam and Bob bring up points that others have neglected.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- The Haman Nature page.
- Help support the Bob Murphy Show.
In another crossover episode, Adam Haman joins Bob to discuss deep theological questions. As usual, they strive to provide new angles on age-old problems.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- BMS ep 295, where Christian Hubbs present historical evidence for the resurrection of Jesus.
- The Haman Nature page.
- Help support the Bob Murphy Show.
Jimmy Morrison is a filmmaker who, with Tom Woods, created the original documentary "The Bubble," featuring interviews with several Austro-libertarian experts, including the host of the Bob Murphy Show. Jimmy explains the sequels to the film and his other work.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- LetUsDisagree.com, the site for all Bubble films from Jimmy.
- The link for Monetary-Metals.com.
- Help support the Bob Murphy Show.
In another crossover episode, Adam Haman joins Bob to discuss the phenomenon of arguing with midwits on social media. They. beautifully illustrate the bell curve meme. Examples include the COBOL red herring regarding DOGE and Social Security, as well as Krugman's handling of the claim that excessive debt "burdens future generations."
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Justin Wolfer's tweet endorsing the COBOL theory.
- Bob's EconLib article on government debt burdens.
- The Haman Nature page.
- Help support the Bob Murphy Show.
Mikkel Thorup is founder and CEO of ExPat Money. He joins Bob to discuss various geopolitical events, including Trump's talk of grabbing the Panama Canal and Greenland, as well as the dollar's shrinking importance in the global economy. He gives thoughts on the importance of setting up a "Plan B" of assets and living arrangements outside your home country.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Mikkel Thorup's Expat Money Show. His Wealth, Freedom, and Passports conference in March 2025.
- Thorup's article on Trump wanting the Panama Canal.
- The link for Monetary-Metals.com.
- Help support the Bob Murphy Show.
Bob first explains the neoclassical theory of "optimal tariffs," by which a large country can use a modest tariff to improve its terms of trade. He then shows how this theoretical possibility is consistent with standard arguments making the case for free trade.
Mentioned in the Episode and Other Links of Interest:
- The link for Monetary-Metals.com.
- Fed Reserve Bank of Richmond piece on optimal tariff theory.
- Bob and Josh Hendrickson discuss Stephen Miran's strategy for using tariffs to help the US position.
- Bastiat's "Petition of the Candlemakers."
- Bob on the Human Action podcast clarifies comparative advantage.
- Bob interviews Brian Domitrovic on economists having a biased view of tariffs vs. income taxes.
- Help support the Bob Murphy Show.
Adam Haman returns to discuss yet another whirlwind of activity from the Trump Administration, including dismantling of the USAID program and his announcement that the US it taking ownership of Gaza.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Trump announcement on Gaza.
- The Stephen Miran report on trade reform.
- Dave Smith setting up the Elizabeth Warren clip.
- The Haman Nature page.
- Help support the Bob Murphy Show.
The executive editor of the Libertarian Institute, Sheldon Richman, joins Bob to push back against the popular use of the term "corporate" as a pejorative. They cover both cultural and theoretical issues.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Sheldon Richman's post on the term "corporate." His bio at the Libertarian Institute.
- Murray Rothbard's essay on Michael Milken.
- Help support the Bob Murphy Show.
In yet another crossover, Adam Haman returns to discuss the recent admission by the feds that the origin of Covid-19 was probably the Wuhan lab leak. Adam and Bob then discuss the age-old question, "If you could go back in time and find baby Hitler, would you...?"
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- The Haman Nature page.
- Help support the Bob Murphy Show.
Fergus Hodgson is originally from New Zealand but has lived in several countries. His new book explains that the prospects for being an ex-pat in Latin America don't live up to the hype.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Fergus Hodgson's homepage. His book The Latin America Red Pill.
- Help support the Bob Murphy Show.
Adam Haman and Bob discuss Trump's whirlwind first day in office, as well as Elon's intriguing hand salute.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Bob's analysis of The Purge.
- The Haman Nature page.
- Help support the Bob Murphy Show.
Bob responds to Curtis Yarvin's commentary on the H1B visa argument among conservatives, wherein Yarvin actually advocates government slavery as the solution to America's woes.
Mentioned in the Episode and Other Links of Interest:
- Curtis Yarvin's substack post and the YouTube version.
- Bob’s analysis (part 1 and part 2) of the Yarvin vs. Dave Smith debate.
- Bob's critique of Milton Friedman on overstating the benignity of trade deficits.
- Bob's interview of Mark Thornton on the inefficiency of slavery, and the related critique of reparations.
- Help support the Bob Murphy Show.
Adam Haman and Bob discuss the various theories for the causes of the devastating LA fires. Quick hint: the government doesn't come out pretty.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Adam's post on the FAIR fire insurance program.
- John Papola's coverage, which contained two of the clips used.
- Rufo's tweet showing the focus on DEI.
- Investigation of the empty reservoir.
- The Haman Nature page.
- Help support the Bob Murphy Show.
Back in April 2024, Adam Terrell of the Theocracy podcast posted his discussion with Bob about the intersection of his Christian beliefs and writings on privately produced law.
Mentioned in the Episode and Other Links of Interest:
- The Theocracy podcast.
- Bob's article on law without the State.
- Adam Terrell's book on Public Stoning.
- Help support the Bob Murphy Show.
Adam Haman suggests that he and Bob discuss popular conspiracy theories, including 9/11, the JFK assassination, and the moon landing.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Murray Rothbard on flouride in the water.
- Martyr Made podcast series on Jeffrey Epstein.
- NASA's official report on what happened to the original moon landing telemetry.
- Wikipedia entries on Thomas Baron and on Allen Dulles.
- BMS ep 308 with Owen Benjamin (discussing flat earth, moon landing, and other conspiracies).
- BMS ep 92 on the IG report on FISA applications to spy on Trump team.
- A Murphy article on geo-engineering. Murphy article on evaluating the climate models.
- The Haman Nature page.
- Help support the Bob Murphy Show.
Bob covers John 2: 1-12, the wedding feast at Cana, where Jesus performs His first miracle.
Mentioned in the Episode and Other Links of Interest:
- John MacArthur on turning the water into wine.
- The previous episode in this series, i.e. BMS ep. 372, Installment 7: the Son of Man.
- The first two installments (one and two) in the series, giving the framework of Bob's views on miracles and God's sovereignty / human free will.
- Help support the Bob Murphy Show.
Adam Haman joins Bob to discuss the recent "civil war" on the right over the H-1B visa program, with a focus on Vivek Ramaswamy's critique of American culture.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Vivek Ramaswamy's controversial tweet on US culture.
- Robert Sterling's stats on the H-1B program.
- An EPI study (based on 2019 data) of the H-1B program.
- The Haman Nature page.
- Help support the Bob Murphy Show.
Bob finishes his commentary on the first chapter of John, covering chapter 1 verses 43-50.
Mentioned in the Episode and Other Links of Interest:
- RC Sproul on the Son of God vs. Son of Man titles for Jesus.
- The previous episode in this series, i.e. BMS ep. 363 Installment 6: Calling the First Disciples.
- Bob's children's book, The Three Lads and the Lizard King.
- Help support the Bob Murphy Show.
Inspired by the outrage over Daryll Cooper's remarks on Tucker Carlson's show, the Libertarian Institute's Keith Knight summarizes his article exploding the aura of Churchill.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Keith Knight's article on Churchill (the subject of this interview).
- Keith Knight’s article on atomic bombs and Pearl Harbor, and BMS ep 354 discussing it.
- Keith’s archive at the Libertarian Institute.
- Help support the Bob Murphy Show.
Adam Haman joins Bob to discuss the recent debate between Hans Hoppe and Javier Milei over closing the Argentina central bank.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Hans Hoppe's critique of Milei. Milei's vehement response.
- Bob's interview of Nicolas Cachanosky, a co-author of Argentina's dollarization plan.
- The Haman Nature page.
- Help support the Bob Murphy Show.
Spike Cohen was the 2020 VP candidate for the Libertarian Party, and founder of Power to the People. He discusses his debates with Destiny and David Hogg, running with Jo Jorgenson, and how he fights government abuse of ostensible child protection.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Spike Cohen's You Are the Power homepage.
- Spike's debate against Destiny and (highlights of) his debate against David Hogg.
- Bob's critique of a different Destiny debate.
- Help support the Bob Murphy Show.
Jeremy Kauffman is a popular libertarian commentator on social media, and is associated with the Free State Project. He joins Bob to discuss health care, strategies for liberty, and the controversies around spicy tweets.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Kauffman's Twitter profile, and his thread on US health care.
- Bob's article explaining Ezra Klein's flip-flip on the Oregon Medicaid study. His earlier episode (with Adam Haman) pushing back on the praise for Kauffman's handling of the FBI visit. Bob's pamphlet for Texas secession. Bob's book (with Doug McGuff) on US health care.
- Help support the Bob Murphy Show.
Tom Woods and Bob Murphy team up once again for a Contra Krugman episode, discussing the retirement of Krugman from his NYT column. They share some memories, some laughs, and most important, some Krugman whoppers.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- The archives for the Contra Krugman podcast, and the book.
- A Murphy article on "expansionary austerity."
- Help support the Bob Murphy Show.
Adam Haman joins Bob to discuss the recent feuding among right-wingers about the "Woke Right," focusing on James Lindsay's recent hoax in which a Christian Nationalist website published a dressed-up excerpt from the Communist Manifesto.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- James Lindsay's recent appearance on Michael Malice's podcast (which aired after Adam and Bob recorded), discussing the latest hoax. Lindsay's blog post explaining the recent affair.
- Dave Smith's recent critique of Lindsay.
- BMS ep 102 (Feb 2020) which analyzed the Grievance Studies hoax.
- The Haman Nature page.
- Help support the Bob Murphy Show.
Recently Steve Patterson made the case for bigger blocks in Bitcoin (in the course of summarizing Roger Ver's new book). Stephan Livera, host of a popular Bitcoin podcast, joins Bob to make the opposite case.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Stephan Livera's podcast, and Twitter profile.
- The BMS ep 361 on Hijacking Bitcoin.
- Bob’s book (with Silas Barta) on Understanding Bitcoin.
- Help support the Bob Murphy Show.
Adam Haman returns to discuss Trump's recent tweet promising 100% tariffs if the BRICS nations try to develop an alternative to the US dollar.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- A recent Human Action podcast where Bob clarifies some arguments about international trade.
- Bob's book Understanding Money Mechanics.
- The Haman Nature page.
- Help support the Bob Murphy Show.
Bob covers John 1: 32-42, where John the Baptist identifies Jesus as the Son of God, and Jesus calls His first disciples.
Mentioned in the Episode and Other Links of Interest:
- The previous episode in this series, i.e. BMS ep. 339, Installment 5: The Lamb of God.
- Help support the Bob Murphy Show.
Adam Haman asks Bob what advice he would give the Donald on US energy policy. A fun blend of libertarian theory and practice.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- The North American Energy Inventory.
- Bob's proposal for privatizing federal assets.
- The Haman Nature page.
- Help support the Bob Murphy Show.
Steve Patterson is an iconoclast who always seeks to puncture the orthodox narrative. In this episode, he defends the book he helped Roger Ver write, in which they lament the alleged "hijacking" of Bitcoin away from Satoshi's original vision.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- The website for Hijacking Bitcoin.
- The website for FreeRogerNow.com.
- Bob's book with Silas Barta, Understanding Bitcoin.
- Steve Patterson's BMS appearance on the mind-body problem. His episode on infinity.
- Help support the Bob Murphy Show.
Bob explains his epiphany to resolve what Darrow had in mind during his famous cross-examination of William Jennings Bryan in the famous Scopes Trial. Note this is a follow-up to his prior episode on the trial.
Mentioned in the Episode and Other Links of Interest:
- BMS ep 355, the analysis of the Scopes Monkey Trial.
- The complete transcript of the 1925 Scopes trial.
- The History Channel short on the trial.
- Excerpt from the Civic Biology textbook that Scopes used.
- Bryan’s final statement (that he didn’t get to deliver to the court).
- Help support the Bob Murphy Show.
Adam Haman returns to ask Bob introductory but also deep questions about tariffs. What about national defense? What if they replace the income tax? You name it, they discuss it.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Bob's article on Vivek's defense of tariffs, and another article explaining comparative advantage.
- The Haman Nature page.
- Help support the Bob Murphy Show.
Adam Haman returns to complain about the Drake Equation as well as Nick Bostrom's argument that we are almost certainly living in a simulation. Bob provides amplification and devil's advocate feedback.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- The Haman Nature page.
- Bob's July 2008 smarta$$ answer to Brad Sherman's question about oil prices. (Start video at 4:12 mark.)
- The BMS episode featuring his "red dot on the movie screen" argument.
- A recent InFi episode making the case against self-aware computers.
- A quick explainer on the Boltzmann Brain argument.
- Help support the Bob Murphy Show.
Keith, a fellow Hillsdale grad, joins Bob to discuss his new book, which is technically historical fiction but uses the New Testament accounts to construct Paul's journal.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The website for Paul's Journal.
- Help support the Bob Murphy Show.
Adam Haman returns for another crossover, this time discussing Bob's decision to write in "Jesus of Nazareth" for the presidential election.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- Bob's 2016 talk making the case against voting "strategically but immorally."
- Adam Haman substack and podcast.
- Help support the Bob Murphy Show.
The 1925 Scopes Trial ostensibly featured the triumph of science over fundamentalist religion. Bob gives some surprising facts that may change your assessment, including long excerpts from Clarence Darrow's famous cross-examination of William Jennings Bryan.
Mentioned in the Episode and Other Links of Interest:
- The complete transcript of the 1925 Scopes trial.
- The History Channel short on the trial.
- Excerpt from the Civic Biology textbook that Scopes used.
- Was Jonah swallowed by a fish or a whale?
- Bryan's final statement (that he didn't get to deliver to the court).
- Help support the Bob Murphy Show.
Keith Knight of the Libertarian Institute gives the uncomfortable facts about the US entry into World War 2.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Keith Knight's article on atomic bombs and Pearl Harbor.
- Keith's archive at the Libertarian Institute.
- Help support the Bob Murphy Show.
Adam rejoins Bob to discuss SpaceX's recent accomplishment, and how libertarians should assess Elon Musk.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Video on economic viability of Martian colony. Bill Burr on Buzz Aldrin. The movie Capricorn One.
- BMS episode with Owen Benjamin (questioning the moon landing).
- Adam Haman substack and podcast.
- Help support the Bob Murphy Show.
Bob goes solo to explain Adam Smith's absolute advantage versus David Ricardo's comparative advantage. This important concept underpins civilization itself.
Mentioned in the Episode and Other Links of Interest:
- The infineo post on this numerical example.
- Bob’s book Lessons for the Young Economist has a discussion of comparative advantage (see chapters 8 and 19).
- Help support the Bob Murphy Show.
Haman returns, this time to discuss a recent controversy over the libertarian case for drug legalization.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Haman's episode on Portland.
- Thornton on Prohibition, an NBER journal article, and Bob's book Lessons for the Young Economist.
- Help support the Bob Murphy Show.
Jason Fry discusses his new book, making the case for a peaceful secession.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The website for National Divorce: A Plan for Peace.
- Details for the 2024 ExPat Money Summit.
- Help support the Bob Murphy Show.
Susanne Gibbs joins Bob to discuss her new book.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Pre-order Susanne Gibbs' book, The Homeschooling Quick Start.
- Details for the 2024 ExPat Money Summit.
- Help support the Bob Murphy Show.
In another crossover episode with Adam Haman, Bob fields questions--both novice and expert level--on money, through the lens of the Austrian School. They cover the regression theorem, the status of Bitcoin, and the proposal for a trillion dollar platinum coin.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Murphy explanation of Mises' regression theorem.
- Murphy and Barta pamphlet on Bitcoin.
- Murphy article on Graeber's critique of Menger.
- Haman Nature
- Details for the 2024 ExPat Money Summit.
- Help support the Bob Murphy Show.
Teasing the release of his forthcoming book Provoked, Scott Horton returns to the show to talk about the disastrous role of the US in Russia's transition from communism to capitalism. He also discusses the open American interference in Yeltsin's 1996 reelection.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The Libertarian Institute. Scott's archives.
- Scott's previous BMS appearance on Waco.
- Details for the 2024 ExPat Money Summit.
- Help support the Bob Murphy Show.
Adam Haman is a professional poker player and amateur libertarian. He and Bob inaugurate a crossover series where they discuss issues relevant to an Austrian crowd. In this episode the topic is the FBI visit to Jeremy Kauffman's home.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The video of the FBI encounter with Kauffman.
- Adam's post and Bob's episode on the topic.
- Haman Nature
- Details for the 2024 ExPat Money Summit.
- Help support the Bob Murphy Show.
In an unusual episode, Bob replays the actual footage of Trump talking about "very fine people" and JD Vance saying "we created stories" to show their progressive critics are simply lying. Then Bob reads from the Wikipedia entry on Allen Dulles to highlight the plausibility of "conspiracy theories" about JFK.
Mentioned in the Episode and Other Links of Interest:
- Trump's "very fine people" remarks.
- The Dana Bash interview of JD Vance.
- The Wikipedia entry for Allen Dulles.
- Details for the 2024 ExPat Money Summit.
- Help support the Bob Murphy Show.
Bob quotes from Dave Smith saying Kauffman's viral encounter with two FBI agents was "flawless," and then proceeds to document Jeremy's flaws.
Mentioned in the Episode and Other Links of Interest:
- Dave Smith's interview of Jeremy Kauffman.
- Michael Malice interviews Robby Starbuck.
- Details for the 2024 ExPat Money Summit.
- Help support the Bob Murphy Show.
Allie Clough is a frequent participant in Twitter's war between the sexes, though she usually acts to de-escalate and provide comfort to the wounded. After discussing such juicy issues, she also talks to Bob about free-market environmentalism.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Allie's Twitter.
- Details for the 2024 ExPat Money Summit.
- Help support the Bob Murphy Show.
Darryl Cooper is an amateur historian with a very popular podcast, "Martyr Made." He recently appeared on Tucker Carlson's show to promote his forthcoming series on WW2. During the conversation, Cooper argued Churchill was the "chief villain" of the war. Bob explains Cooper's perspective and defends him from claims of Holocaust denial.
Mentioned in the Episode and Other Links of Interest:
- The 3-minute clip of Cooper on Tucker.
- The full Cooper interview on Tucker Carlson.
- Dave Smith on the US empire's origin story.
- Cooper's tweet-thread on why he thinks Churchill was the chief villain.
- The Martyr Made podcast.
- Details for the 2024 ExPat Money Summit.
- Help support the Bob Murphy Show.
Texas-based economist Vance Ginn explains his proposals on constraining the growth in spending by state governments.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Vance Ginn's homepage.
- The Sustainable Budget project.
- Details for the 2024 ExPat Money Summit.
- Help support the Bob Murphy Show.
Bob Burnett is the Founder and CEO of Barefoot Mining, with decades of experience in computers, including 13 years as the CTO of Gateway. He discusses his talk at the recent Nashville Bitcoin conference, which focused on the concentration of power in Bitcoin mining.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Burnett's Barefoot Mining team.
- Details for the 2024 ExPat Money Summit.
- Help support the Bob Murphy Show.
Bob covers John 1: 19-31 in his Bible commentary series. He states that a lamb was not a "scapegoat" in terms of Jewish animalistic sacrifice for the propitiation of sins (using an RC Sproul clip to explain). Then Bob gives various justifications for the use of a sacrificial lamb, since it seemingly violates our intuitive sense of justice.
Mentioned in the Episode and Other Links of Interest:
- The previous episode in this series, i.e. BMS ep 334, Installment 4: the Word Became Flesh.
- The RC Sproul sermon on Jesus as the Lamb of God.
- Help support the Bob Murphy Show.
Bob goes solo to give the standard critique of price ceilings, and then addresses specific responses from progressive supporters of Harris.
Mentioned in the Episode and Other Links of Interest:
- Bob's infineo article critiquing Harris' proposal.
- An academic paper justifying "price controls" in Germany that weren't really price controls.
- Details for the 2024 ExPat Money Summit.
- Help support the Bob Murphy Show.
Along with Kerry Baldwin, Gregory Baus co-hosts the Reformed Libertarians podcast. After first explaining Reformed theology in relation to other Christian perspectives, Greg discusses its relevance for libertarians.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The Monetary Metals 12% silver opportunity.
- Details for the 2024 ExPat Money Summit.
- About Gregory Baus. The Reformed Libertarians Podcast (RLP).
- The disestablishment from the time of the English Civil War.
- Westminster Confession and catechisms.
- The 5 "Solas."
- Canons of Dort (TULIP).
- RC Sproul's series on Reformed Theology.
- RLP Episode 2, on Romans 13; Episode 3, arguments for anarchism; and Episode 16, elements of Reformed Covenant Theology.
- Against Civil Establishment of Religion, by Baus.
- American independence as Presbyterian rebellion.
- Help support the Bob Murphy Show.
Bob weighs the pros and cons of Senator Lummis' recent proposal to build up a strategic Bitcoin reserve.
Mentioned in the Episode and Other Links of Interest:
- The Monetary Metals 12% silver opportunity.
- Details for the 2024 ExPat Money Summit.
- Press release from Senator Lummis on her BITCOIN Act.
- Bob's article on the USD as reserve currency, and on fractional reserve banking.
- Ryan McMaken on a Rothbardian defense of government debt default.
- Help support the Bob Murphy Show.
David Gornoski, host of A Neighbor's Choice, rejoins Bob to explain how mimetic theorist Rene Girard influence Trump's running mate, via Peter Thiel.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The Monetary Metals 12% silver opportunity.
- JD Vance's essay on his conversion.
- David Gornoski's A Neighbor's Choice.
- Dan McCarthy on the Tom Woods Show is happy with JD Vance.
- David Gornoski explains Girard on the BMS.
- Help support the Bob Murphy Show.
Bob covers John 1: 14-18 in his Bible commentary series. He explains his approach to the rest of the commentary series. In this episode he expounds on the grace of Jesus.
Mentioned in the Episode and Other Links of Interest:
- The previous episode in this series, i.e. BMS ep. 330, Installment 3: Towards a Grand Unified Theology, the Case of John the Baptist.
- Help support the Bob Murphy Show.
Scott Horton is director of the Libertarian Institute. Prompted by questions from Bob, he explains why Benjamin Netanyahu deliberately propped up Hamas, a strategy that backfired horribly on October 7, 2023.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The Monetary Metals 12% silver opportunity.
- Donate to the Libertarian Institute. (Bob did!)
- Scott's article (with Connor Freeman) on how Netanyahu's support for Hamas backfired.
- Scott's previous appearance on the BMS ep. 285 to discuss Waco.
- Help support the Bob Murphy Show.
Attorney and co-host of the California Underground podcast Phil Mauriello joins Bob to explain the original Supreme Court Chevron ruling, the impact it had, and the legal rationale behind the recent overturning of the doctrine.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The Monetary Metals 12% silver opportunity.
- Phil Mauriello's bio page at his podcast, "California Underground."
- Help support the Bob Murphy Show.
Dan Kish is Senior Vice President of Policy at the Institute for Energy Research (IER). After a career in DC and the energy industry, he shares his war stories with Bob.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Dan Kish's page at the Institute for Energy Research.
- The "North American Energy Inventory" put out by the Institute for Energy Research (IER).
- Murphy's journal article on the crude oil price controls of the 1970s.
- Help support the Bob Murphy Show.
Bob covers John 1: 6-13 in his Bible commentary series. He likens the Arminian vs. Calvinist divide to General Relativity vs. quantum theory in physics, where both approaches are correct in their realm but--in their current versions--are incompatible.
Mentioned in the Episode and Other Links of Interest:
- The previous episode in this series, i.e. BMS 305, Installment 2, Jesus as Logos.
- The BMS episode with Steve Patterson, covering mind-body dualism.
- RC Sproul on the TULIP of Calvinism. Leighton Flowers' Provisionism.
- RC Sproul on John the Baptist as the last Old Testament prophet.
- Help support the Bob Murphy Show.
Steve Patterson returns, this time trying to solve the mind-body problem with Bob.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Steve Patterson's attempted solution to the mind-body problem.
- Steve's website.
- Murphy's talk about dualism in Mises.
- "Voltaire vs. Leibniz" (in verse). An explainer on Leibniz's optimism.
- The EPR paradox.
- Help support the Bob Murphy Show.
David Angelo is a stand-up comedian in New York City. He joins Bob to discuss his career in comedy, with a focus on his new special, "New York Legend."
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- David Angelo's special "New York Legend." His "Brain Attack" analysis of the media, and his "Without Taxes, Who Would Build the Roads??"
- David's razors.
- Help support the Bob Murphy Show.
Bob reacts to a recent exchange between Michael Malice and Angela McArdle, in which they described Jacob Hornberger as insane for his views on the Covid lockdowns and school vouchers.
Mentioned in the Episode and Other Links of Interest:
- "Your Welcome" ep. 314 with Angela McArdle.
- The LP debate in Georgia. Clint Russell asks his question starting around 1h35m mark.
- Murray Rothbard in For a New Liberty giving tepid support for school vouchers, and ripping them (p. 51) from a 1971 article. Ron Paul's ambivalent stance (quoted in the 11th bullet point).
- BMS ep. 248 with Jacob Hornberger opposing school vouchers.
- Help support the Bob Murphy Show.
Luke Avery has Bob on to discuss a "Choose Your Own Adventure" series of questions, ranging from UBI to artificial intelligence to elite theory.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Help support the Bob Murphy Show.
In BMS ep. 322, Bob criticized a recent interview of George Selgin regarding the lack of historical examples of 100% reserve banking. In this episode, Bob responses to George's pushback (on Twitter) and also Larry White's in-print response to Rothbard's old critique of the Scottish "free banking" episode.
Mentioned in the Episode and Other Links of Interest:
- What started this fiasco: BMS ep. 322, "Selgin vs. Selgin."
- Rothbard's critique of Larry White on the Scottish episode (starts p. 859). White's response (chap. 3).
- John Cochrane on The Narrow Bank. Selgin's contrarian take.
- Selgin on the history of 100% reserve banks.
- Block and Barnett on maturity mismatching.
- Murphy’s journal article critiquing the Selgin/White view of fractional reserve free banking. Murphy's book Understanding Money Mechanics.
- Help support the Bob Murphy Show.
Clint Russell is host of the Liberty Lockdown podcast, and recently ran to be the Vice Presidential candidate for the Libertarian Party. As a former mortgage broker, Clint also discusses the housing market.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Clint Russell's podcast Liberty Lockdown, and his Twitter account.
- Help support the Bob Murphy Show.
Ed Mabrie founded the Faith By Reason platform to show how the findings of modern science dovetail with a Biblical worldview. He discusses his background and some of the major themes with Bob.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Ed Mabrie's Faith By Reason website.
- Help support the Bob Murphy Show.
Bob responds to a recent interview where George Selgin says the historical record proves that fractional reserve banking is a market outcome. Bob gives two separate reasons, and ironically plays different Selgin clips to validate each of them.
Mentioned in the Episode and Other Links of Interest:
- Selgin's interview on free banking. His debate with Murphy at the Soho Forum. And his recent interview with David Beckworth on Custodia.
- Murphy interviews Selgin on banks as credit intermediaries.
- John Cochrane on The Narrow Bank.
- Murphy's journal article critiquing the Selgin/White view of fractional reserve free banking.
- Help support the Bob Murphy Show.
Bob reviews his interviews with Dave Smith and then Simon Guenzl on whether libertarians should support Open Borders. Specifically, Bob focuses on the status of government-controlled property vis-a-vis libertarian theory.
Mentioned in the Episode and Other Links of Interest:
- Bob's Human Action podcast interviews with Dave Smith (anti Open Borders) and Simon Guenzl (pro).
- Guenzl's paper (pdf) on the immigration debate.
- Sheldon Richman book reviews a "refreshing" take on immigration.
- BMS ep. 194 where Bob explains his vision of how a free society would handle immigration.
- The link to Monetary Metals.
- Help support the Bob Murphy Show.
With a PhD from Rutgers, University of Colorado Professor Michael Huemer joins Bob to discuss his approach to anarcho-capitalism laid out in his book, The Problem of Political Authority.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Michael Huemer's website and his blog.
- Huemer's Amazon author page.
- The link to Monetary Metals.
- Help support the Bob Murphy Show.
Bob gives an overview of the Intelligent Design landscape, focusing on three of its leading members: Michael Behe, William Dembski, and Stephen Meyer. He explains what ID is, some of its major concepts, and tackles some common objections.
Mentioned in the Episode and Other Links of Interest:
- Stephen Meyer talking about the return of the God hypothesis.
- Short video on the bacterial flagellum.
- BMS ep. 111 Winston Ewert on applying computer science to ID.
- Dembski talking about 2nd edition of The Design Inference.
- Two ID scholars critically assess the "origin of life" research.
- Casey Lunkin on the changing scientific view of "junk DNA."
- The link to Monetary Metals.
- Help support the Bob Murphy Show.
Tom Jenney joins Bob to discuss his intriguing book project, American Futures.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Tom Jenney's book, American Futures.
- The link to Monetary Metals.
- Help support the Bob Murphy Show.
Bob explains his current thinking on the US economy, specifically in relation to CPI inflation, employment, and the yield curve / recession.
Mentioned in the Episode and Other Links of Interest:
- The article containing many of the graphs alluded to in this episode.
- NOTE: Bob in the audio says there is a video version, but he decided it would hold up release of the episode too long; interested readers should refer to the article while listening to his discussion.
- Bob's article on the yield curve and recession.
- The link to Monetary Metals.
- Help support the Bob Murphy Show.
Stephan joins Bob to discuss his new book, Legal Foundations of a Free Society. They cover Rothbard's contributions to legal theory, as well as Bob and Stephan's differing entry points into libertarianism.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Stephan's new book.
- Stephan's website.
- Stephan's previous appearance on BMS ep. 79.
- The link to Monetary Metals.
- Help support the Bob Murphy Show.
On March 27, 2024, Bob delivered this talk (as one of several) to the Free Enterprise Society at Oklahoma State University.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Bob's previous night's talk on private law & defense.
- BMS 305, Jesus as Logos.
- BMS 310, the guest makes the point about "turn the other cheek" reference in this talk.
- Help support the Bob Murphy Show.
Winston Ewert is a computer scientist and mathematician with numerous publications in the Intelligent Design (ID) field, including co-authored works with William Dembski. He joins Bob to discuss his recently published essay (a chapter in a collection) on the algorithmic model of the human mind.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The website featuring the new book, and a blog post referring to Winston's particular chapter.
- Winston Ewert's website.
- Help support the Bob Murphy Show.
David Ramsay Steele has a new collection of essays out, and he joins Bob to discuss. Much of the conversation focuses on whether it makes sense to believe in spirits, as well as the life and changing views of George Orwell.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The Amazon entry for DRS's new book.
- Why Machines Will Never Rule the World (referenced by the guest).
- Help support the Bob Murphy Show.
JP Cortez is Executive Director of the Sound Money Defense League. He joins Bob to discuss the League's strategy and their various successes.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The website of the Sound Money Defense League.
- Robert Murphy's Understanding Money Mechanics.
- Help support the Bob Murphy Show.
Sheldon Richman is an OG of the libertarian cause. Among other positions, he is currently Executive Editor at the Libertarian Institute. He joins Bob to discuss the Israeli/Palestinian conflict, and reflects on his decades in the movement.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Sheldon's archives at the Libertarian Institute.
- Sheldon's books Coming to Palestine, and What Social Animals Owe to Each Other.
- John Hasnas' paper, "Toward a Theory of Empirical Natural Rights."
- Help support the Bob Murphy Show.
Domenic Scarcella discusses his new book, which makes the case that Jesus' teachings and actions show Christians they should be good neighbors, but (in a sense) bad citizens. Bob pushes back at points to clarify what Domenic's position truly is.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The Amazon link to the book.
- Domenic's substack dedicated to the book.
- Help support the Bob Murphy Show.
Gene Callahan teaches computer science at NYU and is the author of Economics for Real People. He joins Bob to discuss the inner contradictions of liberal neutrality. They also discuss AI and whether computers can really learn.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The crazy fact about colliding blocks and pi.
- Gene Callahan's author page at Amazon.
- Gene's blog post on Euler's identity.
- Previous BMS episodes featuring Keith Knight on progressives' domestic imperialism, the Logos, the Satanic monument, and Bob's rediscovery of Molinism.
- Help support the Bob Murphy Show.
Professional comedian Owen Benjamin joins Bob to discuss the attempt to de-platform him, the shape of the earth, and whether we need a strong State to protect financial integrity and children.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Owen Benjamin's website and Twitter account.
- Help support the Bob Murphy Show.
Bob gives a dense commentary on the 1986 animated classic, explaining how the initially reckless Hot Rod rises from the ranks to become the successor to Optimus Prime.
Mentioned in the Episode and Other Links of Interest:
- The full Transformers movie (1986).
- Help support the Bob Murphy Show.
In his new book published by the Libertarian Institute, Keith Knight explains why he left progressivism. They could see the problems of foreign imperialism, but they cheered it domestically. A fast-paced discussion.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Keith Knight's new book.
- Keith's archive at the Libertarian Institute.
- Help support the Bob Murphy Show.
Bob continues his miniseries, focusing on John 1: 1-5. Bob makes the case that we should be marveling at the unreasonable effectiveness of semantics in the social sciences. There is meaning packed into every field of human inquiry, and this sheds light on the prologue to the gospel of John.
Mentioned in the Episode and Other Links of Interest:
- The previous episode in this series, i.e. BMS ep 304, installment 1, introduction.
- Dawkins talking to Steve Pinker on language acquisition.
- Bob's conversation with GPT-4.
- "Why Math Works."
- A video on imaginary interest rates (relevant to Euler's identity). A video from the same series on Euler's formula.
- BMS ep 138, "Why the Left Hates Christianity." BMS ep 303, "Jonathan Bartlett on Random Mutations Not Being So Random." BMS ep 257 on Hans Hoppe and synthetic a priori.
- An excellent introduction to how Large Language Models work. How neural networks work (example of reading handwritten numerals).
- A good example of a cool YouTube video on the Mandelbrot set.
- Study notes for Daniel Dennett's Consciousness Explained.
- Help support the Bob Murphy Show.
Bob launches a new miniseries, and starts by summarizing his chapter for a Festschrift in honor of Walter Block.
Mentioned in the Episode and Other Links of Interest:
- [As of release, no information was available on the actual collection in honor of Walter. RPM will update when available.]
- Callahan and Murphy's critique of Hans Hoppe's argumentation ethics.
- Help support the Bob Murphy Show.
Jonathan Bartlett is a prolific software engineer and textbook author who has published peer-reviewed articles on the information embedded in biological organisms. He joins Bob to discuss two of his recent papers, highlighting a distinction in the term "random mutation" that has great relevance for the Intelligent Design debate.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Jonathan Bartlett's archives at the Discovery Institute.
- The first journal article from the interview, then the second.
- The MindMatters site.
- Help support the Bob Murphy Show.
Bob goes solo to argue that our current institutional framework in the US isn't arbitrary; it was hijacked by the evil one. He illustrates with the recent examples of the Satanic Temple in Iowa and the three university presidents who seemed to excuse calls for genocide.
Mentioned in the Episode and Other Links of Interest:
- Rep. Jon Dunwell's tweet thread.
- The full Congressional hearing involving the three university presidents (relevant exchange starts at 5:04:24.)
- Help support the Bob Murphy Show.
Max Borders is Executive Director of Social Evolution. He has a freewheeling discussion with Bob on UNDERthrowing--rather than overthrowing--unjust regimes.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Max Borders' organization, Social Evolution.
- Max's Medium archive.
- Jordan Peterson's closing speech at ARC.
- Help support the Bob Murphy Show.
David Gornoski uses Rene Girard's mimetic framework to show how the modern world has been transformed by the Christian account. He applies it in this discussion to the propaganda war in the Middle East.
Mentioned in the Episode and Other Links of Interest:
- David Gornoski's WND article on the topic.
- Gornoski's show, A Neighbor's Choice.
- A previous Gornoski appearance on ep. 15 discussing sacrifice.
- Help support the Bob Murphy Show.
Bob goes solo to explain and critique three popular arguments put forward by the leaders of Modern Monetary Theory (MMT).
Mentioned in the Episode and Other Links of Interest:
- Phil Labonte's reaction to Nina Turner.
- A Murphy Medium post showcasing Kelton's claim about checking vs. savings accounts.
- Bob's review of Kelton's book, The Deficit Myth.
- Help support the Bob Murphy Show.
Steve joins Bob to discuss the life and revolutionary approach to mathematicians of Alexander Grothendieck.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Steve's blog post and here on Grothendieck.
- Steve's list of articles referencing Grothendieck.
- Steve's books.
- Steve's previous appearance on the BMS.
- Help support the Bob Murphy Show.
Dan Sanchez is Director of Content at the Foundation for Economic Education (FEE). He explains some of FEE's new initiatives to teach free-market economics, but he first details his recently diagnosed medical condition and how his faith has been carrying him through the ordeal.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Dan writes on his diagnosis. Dan writes on the proper role of doctors.
- At FEE, the Hazlitt Project and Read Academy.
- Help support the Bob Murphy Show.
Jacob Winograd is the creator of the Biblical Anarchy podcast under the auspices of the Libertarian Christian Institute. He joins Bob to discuss the famous passages from the New Testament where Christians are ostensibly told to pay their taxes and obey the government.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Jacob's Biblical Anarchy Podcast.
- Jeff Barr's article on rendering unto Caesar.
- Help support the Bob Murphy Show.
Christian Hubbs has a PhD in machine learning from Carnegie Mellon, and a Masters in Christian philosophy and apologetics from Biola. He makes a secular case for the resurrection of Jesus of Nazareth.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Bob's analysis of William Lane Craig's opening statement against Christopher Hitchens.
- William Lane Craig responses to Bart Ehrman.
- Lutheran satire on Ishtar Ruins Easter!
- Help support the Bob Murphy Show.
Steve Keen joins Bob to commiserate on the poverty of Paul Krugman, and to make the case for Hyman Minksy. An all around fun, informative conversation.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Steve Keen's substack and Patreon.
- Steve Keen's Debunking Economics podcast.
- Bob's recent appearance on the Steve Keen & Friends podcast.
- Gene Callahan and Bob Murphy review of Keen's Debunking Economics.
- Bob's article on Paul Samuelson's "A Summing Up" (from the Cambridge Capital Controversy).
- Bob's article on Eugene Fama on the housing bubble.
- Bob's critique of Nordhaus' DICE model.
- Help support the Bob Murphy Show.
Ron Simmons joins Bob for a delightful discussion about his new book Life Lessons from the Little Red Wagon, full of wisdom and common sense.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Ron Simmons' new book, Life Lessons from the Little Red Wagon.
- Help support the Bob Murphy Show.
In this frolicking episode, professional poker player Adam Haman comes on to discuss movie depictions of poker. He also talks with Bob about his activity in the LP, and then deeper issues of epistemology and theology.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Adam's (co-hosted) podcast Natural Order.
- Trailer for the movie "Havana."
- Help support the Bob Murphy Show.
Douglas Robert is a recovering Austrian who subscribes to the MMT framework as being the most useful for trading. He has a friendly debate with Bob over the inverted yield curve and whether a recession is at hand.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Douglas Robert's critique of Bob Murphy on yield curve.
- Douglas Robert's YouTube channel.
- Bob's article on Canadian expansionary austerity.
- Warren Mosler versus Robert Murphy debate.
- BMS episode featuring Warren Mosler.
- Bob's recent critique of Mosler's view on interest rates.
- Help support the Bob Murphy Show.
Robert Barnes is a lawyer specializing in constitutional issues, who has defended several celebrity clients including Wesley Snipes and Alex Jones. He joins Bob to discuss the legal perversions surrounding the recent convictions of several Proud Boys members for their role in the Jan. 6 protest/riot at the Capitol.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Robert Barnes' Locals community. His law practice website.
- Bob Murphy's critique of plea deals in context of Proud Boys.
- Help support the Bob Murphy Show.
Gene Epstein is disappointed in Bob's kid-glove treatment of Oren Cass' critique of American capitalism, and explains some of the problems with the data that Oren relied upon to make his case.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Oren Cass' controversial interview on BMS ep. 283.
- Oren Cass debates Cato scholar at Soho Foum on government intervention in manufacturing.
- Main website for Gene Epstein's Soho Forum.
- Help support the Bob Murphy Show.
Bob uses a recent exchange between Dave Smith and reason's Liz Wolfe to analyze the apparent tension between libertarian allegations of coordinated skullduggery and the Austrian critique of socialism.
Mentioned in the Episode and Other Links of Interest:
- The Part of the Problem episode featuring Liz Wolfe.
- Bob's pamphlet Chaos Theory, his Libertarian Papers article on private military defense, and a Mises U lecture on private military defense.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Back on BMS ep. 229, Bob invited Steve Patterson back to the show to discuss Riemann's Rearrangement Theorem, which was such a counterintuitive result that Bob changed his mind and agreed with Steve that mathematicians had smuggled nonsense into their field. Math PhD Ian Deters now joins Bob to defend the use of infinity in higher mathematics.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview (with mathematical images overlaid).
- The BMS ep 229 featuring Steve Patterson's critique of infinity.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
After having parsed William Lane Craig's opening statement making the case for theism, Bob now evaluates Christopher Hitchens' opening. He concludes that Hitchens hardly responded at all to Craig, and spent most of his time criticizing Christianity rather than theism.
Mentioned in the Episode and Other Links of Interest:
- The April 4, 2009 debate between William Lane Craig and Christopher Hitchens.
- Bob's analysis of Craig's opening argument, in BMS ep. 282.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Scott Horton recently released a special production on Waco that clocked in at almost 13 hours. He joins Bob to discuss the essentials of the story, covering all aspects of the tragedy, starting with the religious views of the Davidians and ending with the absurd trial of the survivors.
Mentioned in the Episode and Other Links of Interest:
- Scott Horton's 13-hour tour de force, "The Waco Tragedy."
- The YouTube version of Waco: The Rules of Engagement.
- BMS ep. 5 featuring Scott Horton.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Vance Ginn recently had Bob on his podcast, "Let People Prosper!"
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Vance Ginn's podcast, Let People Prosper!
- Bob's EconLib article on privatizing federal assets.
- Oren Cass on the Bob Murphy Show.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Oren Cass is the founder of American Compass, which has a new handbook advising conservatives on how to rebuild American capitalism. Bob provides a skeptical but friendly forum for Oren to explain his dissatisfaction with the standard libertarian position on free trade and labor unions.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The American Compass Handbook for Conservative Policymakers.
- Oren Cass on Contra Krugman (talking ObamaCare) and on a 2020 episode of the Bob Murphy Show.
- Oren's article "Policy-Based Evidence Making."
- Bob's summary of Oren's Congressional testimony on climate change damage, Parts 1, 2, and 3.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
In 2009 the Christian philosopher William Lane Craig debated Christopher Hitchens on the existence of God. In this episode Bob evaluates the 20-minute opening statement from Craig.
Mentioned in the Episode and Other Links of Interest:
- The debate between Craig and Hitchens.
- Wikipedia entry on fine-tuning argument.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob tackles recent tweets by Joe Weisenthal and Elon Musk to clarify the Austrian views on recessions and money.
Mentioned in the Episode and Other Links of Interest:
- The Elon tweet and the Joe Weisenthal tweet.
- Bob's book Understanding Money Mechanics.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
As a sequel to a recent Human Action podcast episode where Bob critiques a Warren Mosler interview, Bob here goes deeper into the analysis of how an economy can continue growing even if the government eliminates its budget deficit. Bob relies on both theory and history, citing in particular the fiscal turnaround of Canada in the mid-1990s.
Mentioned in the Episode and Other Links of Interest:
- The Human Action podcast episode that is the prequel to this BMS episode.
- Mosler interview on the Forward Guidance podcast.
- Krugman vs. the ECB list of examples of expansionary austerity. (See Krugman's blog post too.)
- Bob’s EconLib article discussing Canadian fiscal turnaround.
- JP Koning post on why the Treasury can't overdraft since 1981.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Přemysl Bosák encountered the ideas of voluntary law and decided to launch an online dispute resolution system. He gives his background and then explains his vision for Disputio.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The website for Disputio.
- Bob's pamphlet and lecture on private law.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
This episode is a re-broadcast of Bob's talk given at George Gammon's Rebel Capitalist Live event held in May 2023 in Orlando. He covered the case for reparations, the threat from SuperAI, and investment implications.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this presentation.
- BMS eps on the economics of slavery (with guests Mark Thornton and Jeffrey Rogers Hummel).
- Why SuperAIs won't steal our jobs or slaughter us, Parts 1 and 2.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Lawrence Ludlow has an MA in medieval studies and gives Bob numerous lines of evidence to suggest that Paul in Romans 13 is referring to spiritual authorities rather than political ones. In this interpretation, there is no tension between the New Testament and standard libertarianism.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Norman Horn on the BMS to talk Romans 13.
- Jeff Barr's analysis of "Render unto Caesar."
- A History of the Bible. A book on the transmission of the New Testament.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob uses the illustrious Milton Friedman to demonstrate a depressing tendency among economists to overreact in their zeal to defend trade deficits, where they end up arguing that it's necessarily beneficial to live beyond one's means. Although this could be true in certain cases, it's not true in general. Bob then explains that the original mercantilists weren't as dumb as modern economists claim.
Mentioned in the Episode and Other Links of Interest:
- Twitter thread with Friedman clip (and some of Bob's response).
- Bob responding to a similar mistake by the WSJ editors.
- Bob Murphy Show episode on reparations and AI.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob uses comparative advantage to to argue that human workers will always find a place in the economy, regardless of how productive super-AI systems may become. He then addresses the fear that superAIs will simply rearrange our molecules for building material.
Mentioned in the Episode and Other Links of Interest:
- Part 1 of this series.
- Eliezer Yudkowski tweets on true threat of AI.
- Bob Murphy Show episode on reparations and AI.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob uses basic economics to argue that human workers will always find a place in the economy, regardless of how productive super-AI systems may become.
Mentioned in the Episode and Other Links of Interest:
- Bob Murphy Show episode on reparations and AI.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
For a chapter in Per Bylund's new collection, Bob explained the pure time preference theory (PTPT) of interest, and then offered suggestions for future work on an Austrian theory of interest. He summarizes his chapter in this episode.
Mentioned in the Episode and Other Links of Interest:
- Per Bylund's 2022 edited collection.
- Part 1 and Part 2 and Part 3 in the series on Capital & Interest in the Austrian tradition (BMS ep. 26 and 28 and 31).
- Bob’s doctoral dissertation, in which the second and third essays elaborate on the main elements of this episode.
- The Bob Murphy Show interview with Jeff Herbener.
- Bob's mises.org article summarizing Bohm-Bawerk's critique of the exploitation theory of interest (and in the article the are links early on to two other BB critiques).
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob elaborates on law enforcement in a voluntary society, and then offers commentary on Dave Smith's Twitter feuds regarding Open Borders.
Mentioned in the Episode and Other Links of Interest:
- Bob's previous discussion of voluntary law.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob first explains his long-held position on the economics of slavery and reparations, and then applies it to the debate over the danger of superintelligent machines.
Mentioned in the Episode and Other Links of Interest:
- Matt Walsh rips on Ryan McMaken and (indirectly) Murphy.
- Bob Murphy Show episodes on economics of slavery, with Jeffrey Rogers Hummel and Mark Thornton.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob officially describes his new role as Chief Economist with infineo. He first explains the mechanics of Whole Life insurance policies and their use as cash management vehicles. Then Bob summarizes the first infineo whitepaper, which explains the $SOUND token, a security token that represents a fractional claim on the aggregate cash value of a pool of Whole Life policies.
Mentioned in the Episode and Other Links of Interest:
- The infineo website.
- Bob's podcast with Cole Snell, FOUNDERS FORUM.
- Link to view infineo whitepaper 1.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob goes through a Sam Seder episode to explain how a voluntary society could provide a rule of law.
Mentioned in the Episode and Other Links of Interest:
- The Majority Report episode featuring ancap debate.
- Rohan Grey's response to Murphy MMT debate.
- BMS ep. 130 with Rohan Grey.
- Murphy pamphlet Chaos Theory and lecture on private law.
- Murphy essay, "But wouldn't warlords take over?"
- BMS ep. 260 on case of private owners mimicking State policies.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Daniel Miller is president of the Texas Nationalist Movement and author of TEXIT: Why and How Texas Will Leave the Union. Bob and Daniel have a lively discussion where they cover the realistic prospects for Texas independence, lessons from history, and dealing with typical objections.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The Texas Nationalist Movement website.
- Daniel Miller's book TEXIT: Why and How Texas Will Leave the Union.
- Bob's pamphlet on Texas independence.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Prompted by a conversation with someone who had been reading the Bible, Bob explains his views on the Sermon on the Mount and how a pacifist society could work. He then uses a Matt Walsh tweet, which calls on right-wingers to "treat them like they treat us," to explore the difficulties of living up to Jesus' commands.
Mentioned in the Episode and Other Links of Interest:
- Murphy vs. Matt Walsh.
- BMS ep. 19, Why Rothbardian Institutions Would Become Nonviolent.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob takes a David Andolfatto tweet to explain why it's wrong to think that issuing US Treasuries somehow creates social benefits. Then he rehashes a conversation with Peter St. Onge about whether we should care if the central bank goes bankrupt.
Mentioned in the Episode and Other Links of Interest:
- David Andolfatto on inflation and government debt.
- Robert Barro's famous 1974 paper on government bonds.
- Bob talking with Peter St. Onge on the Human Action podcast.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob recently appeared as the first guest in a marathon livestream of Lambda Conversations, hosted by Luke Avery. They cover all sorts of interesting topics in the intersection (or possible lack thereof) between Biblical Christianity and modern libertarianism.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- The YouTube channel for Lambda Conversations.
- BMS ep. 261 on Prayer, Free Will, and Miracles.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob first describes what happened with Silicon Valley Bank, and then explores whether the Fed's new lending facility constitutes a bailout of the banks, and what the economic consequences are.
Mentioned in the Episode and Other Links of Interest:
- An article on the SVB facts.
- Bob and Jeff Deist on SVB and 100% banking.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob handles some common objections to US secession, and gives proponents a real-world strategy to pave the way.
Mentioned in the Episode and Other Links of Interest:
- David R. Henderson's article on his early days teaching.
- Bob's pamphlet on Texas independence.
- Dave Smith on Michael Malice's show to discuss objections to secession.
- Joan Rivers goes off.
- Trailer for "The Postman Always Rings Twice."
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Singer-songwriter Tatiana Moroz updates Bob on her latest adventures, including her move to Miami, music video shoot in Poland, and performance at the antiwar rally in DC. The conversation includes deep issues of God and Satan, and the problem of evil.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview.
- Tatiana's website.
- Tatiana's new music video, "Whatcha Gonna Do"
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob answers a listener email asking how to think rationally about vexing problems in Christianity.
Mentioned in the Episode and Other Links of Interest:
- C.S. Lewis on miracles.
- Richard Feynman on physical laws.
- Science: Meditators have younger brains.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Due to listener request, Bob explains why a legitimate owner has the right to set policies that would be immoral for the State to implement, and why in practice private owners would be much less likely to do so.
Mentioned in the Episode and Other Links of Interest:
- Bob’s essays on Private Law and Private Defense.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob addresses Curtis Yarvin's physics analogies that supposedly show libertarianism is akin to Newtonian physics, since it leaves out the need to use violence to establish order.
Mentioned in the Episode and Other Links of Interest:
- BMS ep. 258, which is Part 1 of Bob's response.
- The Michael Malice episode featuring Yarvin vs. Smith.
- Ben Powell and co-authors show that Somalia under anarchy did well.
- Bob's essays on Private Law and Private Defense.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob addresses Curtis Yarvin's claim that free trade policy has hurt America, and that libertarians don't have a good response to it.
Mentioned in the Episode and Other Links of Interest:
- The Michael Malice episode featuring Yarvin vs. Smith.
- FRED charts showing manufacturing employment, index of total manufacturing production, components of manufacturing, and domestic auto production.
- A previous BMS episode that critiqued Yarvin.
- A Yarvin post that Bob liked.
- Bob's warning about free traders going too far.
- Bob explains the social function of call and put options.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob walks through Hans Hoppe's argument that Mises' action axiom extended Kantian epistemology by solving the mind/body problem.
Mentioned in the Episode and Other Links of Interest:
- Hoppe's booklet, Economic Science and the Austrian Method.
- David Gordon's lecture on the method of praxeology.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob explains the Rothbardian approach to defining the State, and then applies it to the recent example of a gas station hiring private security.
Mentioned in the Episode and Other Links of Interest:
- Rothbard's book, The Anatomy of the State. (Bob read from the first chapter during the episode.)
- A news story covering the Philly gas stations employing private, heavily armed security.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob responds to critics who had defended Kanye West's anti-Semitic remarks, on both a theological and secular level. He then explains a recent study arguing that there is little racial discrimination in US mortgage lending.
Mentioned in the Episode and Other Links of Interest:
- The Economist article.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob first explains the synthetic control method and then critiques a newly published paper by Magness and Makovi employing the technique. M&M argue that were it not for the 1917 Russian revolution, Marx would today be a minor figure. Bob sharply disagrees.
Mentioned in the Episode and Other Links of Interest:
- The Magness & Makovi paper on Marx.
- Their AIER summary post.
- Bob's paper with Phil on Piketty.
- John Ganz critique, 1 and 2. Phil's response to Ganz.
- [To be added: blog post with Twitter screen shots.]
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob takes on Kanye West's recent comments about "Jews in the media" by showing the inner contradictions. rather than simply declaring "antisemitism" and condemning. He ends with a critique of Christians who harbor an anti-Jewish worldview.
Mentioned in the Episode and Other Links of Interest:
- Kanye on the Lex Fridman podcast.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
The 2022 recipients of the Nobel (Memorial) Prize in Economics were Ben Bernanke, Douglas Diamond, and Philip Dybvig, for their work on understanding the role of banks in financial crises. Bob explains what they did and then comments critically, giving the superior Austrian take.
Mentioned in the Episode and Other Links of Interest:
- Bob's discussion of the Nobel with Jeff Deist on the Human Action podcast.
- The YouTube compilation "Bernanke was wrong."
- Selgin on Diamond-Dybvig (part 1 and part 2). McCulloch and Yu's critique of Diamond-Dybvig.
- The Olin School of Business interview with Dybvig.
- Bob's article "More Than Quibbles..." on fractional reserve banking.
- Block and Barnett on the broader issue of maturity mismatch.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Mary Theroux is Chairman of the Board of Directors and CEO of the Independent Institute. She was married to the late David Theroux. In this episode, she gives the background on how she and David met, and the early years of the Independent Institute. Along the way she touches on many topics including the CS Lewis Society, the war fever on America's right wing, and the problem of homelessness. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/rGiL7bz9WAs (YouTube version) of this interview. A nice tribute to David Theroux https://marginalrevolution.com/marginalrevolution/2022/04/david-theroux-rip.html (from Alex Tabarrok). Tabarrok on https://marginalrevolution.com/marginalrevolution/2003/10/bounty_hunters_.html (bounty hunters.) Independent Institute's https://www.beyondhomeless.org/ (documentary on homelessness). Their series https://www.independent.org/lovegov/ (Love Gov). Bob's https://www.independent.org/pdf/tir/tir_14_02_03_murphy.pdf (article on Nordhaus' carbon tax) in The Independent Review, and his book https://www.independent.org/store/book.asp?id=116&s=na#t-2 (Choice) (published by Independent). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob analyzes the various fallacies involved in the Biden Administration's recent warnings to oil refineries to increase their level of domestic inventories. Mentioned in the Episode and Other Links of Interest: The https://www.bloomberg.com/news/articles/2022-09-30/white-house-to-meet-with-oil-producers-amid-gasoline-concerns (Bloomberg article) on the Biden Admin's warnings to refiners. Bob's https://www.econlib.org/library/Columns/y2008/Murphyspeculators.html (EconLib article) on oil speculators. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Randy Sadac and Adam Haman of the LP Nevada interview Bob on their Battle Born podcast. Bob makes the case for Texan independence and deals with common objections. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/RkoUmDvpokA (YouTube version) of this interview. The https://www.lpnevada.org/podcast (Battle Born) podcast. Bob's pamphlet https://consultingbyrpm.com/common-sense-the-case-for-an-independent-texas (COMMON SENSE: The Case for an Independent Texas). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Jacob Hornberger, founder of the Future of Freedom Foundation (FFF), makes the forceful case that libertarians shouldn't support "school choice" in the form of government vouchers for private schools. Bob plays devil's advocate and raises several points that libertarian proponents of vouchers make. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/_CD_tWwK_7g (YouTube video) of this interview. https://www.fff.org/2022/07/05/school-vouchers-are-anti-libertarian/ (Hornberger's article) arguing school vouchers are anti-libertarian. Milton https://www.stephankinsella.com/wp-content/uploads/2009/11/friedman_liberty-intolerance-1991.pdf (Friedman's talk) "Say 'No' to Intolerance." Sheldon Richman's book, https://www.amazon.com/Separating-School-State-Liberate-Americas-ebook/dp/B00BWB6QK4 (Separating School and State). Bob Murphy Show https://youtu.be/ysGhD-kFGlk (ep. 105 with Corey DeAngelis) (who is for school vouchers). https://www.youtube.com/watch?v=kgkYcHg8xeI (Madeleine Albright) says killings hundreds of thousands of Iraqi children through sanctions was worth it. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Prompted by his advice to a young student entering a debate competition, Bob describes the way he would explain a Rothbardian free-market society to a skeptical conservative American Christian. Mentioned in the Episode and Other Links of Interest: Bob's essays on private law and military defense in his pamphlet https://mises.org/library/chaos-theory-two-essays-market-anarchy-0 (Chaos Theory.) Bob's http://libertarianpapers.org/murphy-libertarian-law-military-defense/ (journal article) on private military defense. Walter Block's https://mises.org/library/privatization-roads-and-highways (book on private roads). Rothbard's essay on https://cdn.mises.org/rae6_1_2_2.pdf (how not to desocialize). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob first pushes back on Tim Pool's recent commentary on interstate labor mobility, then turns to address whether the US is currently in a recession. He explains the role that inventories play in conventional GDP accounting. Mentioned in the Episode and Other Links of Interest: The https://www.youtube.com/watch?v=0xa3ZdIWo-U (YouTube source) of the Tim Pool clip. Bob's https://mises.org/library/inventories-dont-kill-growth-people-kill-growth (article on GDP inventory) adjustments. https://www.econlib.org/barros-dubious-recession-call/ (Scott Sumner explains) problems with using the data to argue for a recession in early 2022. Bob and Ryan Griggs on https://mises.org/wire/inverted-yield-curve-and-recession (the "predictive" power) of the yield curve, and how to reconcile it with Austrian business cycle theory. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob provides a qualified defense of Larry Summers' recent claim that high unemployment will be necessary to contain price inflation. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/z-uKEMiOWcw (Summers interview) featured in the audio clip. The https://www.bloomberg.com/news/articles/2022-06-20/summers-says-us-needs-5-jobless-rate-for-five-years-to-ease-cpi (Bloomberg article) quoting Summers on how unemployment is necessary to fight inflation. Robert Lucas' https://www.nobelprize.org/uploads/2018/06/lucas-lecture.pdf (Nobel Prize lecture) that explains the Phillips Curve. The Jan 2022 https://bcf.princeton.edu/events/inflation-debate-between-paul-r-krugman-lawrence-h-summers-part-ii/ (debate between Krugman and Summers) on inflation. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Jason Rink explains his documentaries on the so-called Q-Shaman and Nick Fuentes, as well as the pushback he's received. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/ZSzezCelqaE (YouTube video) of this interview. Jason Rink's posts (https://cancelproof.substack.com/p/canceled-from-freedomfest (here) and https://cancelproof.substack.com/p/freedomfest-defends-cancelling-my (here)) explaining what happened with FreedomFest. Bob Murphy Show https://www.bobmurphyshow.com/episodes/ep-174-double-standards-on-the-capitol-storming-and-explaining-the-viking-guy/ (episode 174) explaining the Viking guy (Q-Shaman). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob seeks to explain why the Fed's extraordinary monetary inflation following the 2008 financial crisis didn't result in $5/gallon gasoline, while the Fed's extraordinary monetary inflation following the 2020 coronavirus panic did. Mentioned in the Episode and Other Links of Interest: Bob's https://thehub.ca/2022-06-17/robert-p-murphy-why-is-there-inflation-in-canada-follow-the-money/ (newspaper op ed) laying out his explanation. https://consultingbyrpm.com/blog/2013/01/learning-from-brad-delong-and-paul-krugman.html (Bob's blog post) summarizing what happened with his botched price inflation bet. Bob’s book on https://mises.org/library/understanding-money-mechanics-3 (Understanding Money Mechanics), and the chapter https://mises.org/wire/feds-policies-2020-coronavirus-panic (explaining the M1 redefinition). https://youtu.be/snX9I7c-o9w (Bob’s speech) for the Mises Institute in Orlando. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob offers thoughts on the LP Mises Caucus takeover, Justin Amash's speech, and then argues that the Fed has not yet begun to tighten. Mentioned in the Episode and Other Links of Interest: https://www.youtube.com/watch?v=cr6T9lcT_ps&feature=youtu.be (Justin Amash's quotes) from Mises at LNC 2022. Bob's book on https://mises.org/library/understanding-money-mechanics-3 (Understanding Money Mechanics), and the https://mises.org/wire/inverted-yield-curve-and-recession (chapter on the yield curve.) https://youtu.be/snX9I7c-o9w (Bob's speech) for the Mises Institute in Orlando. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob uses a recent Krugman article to highlight how free-traders sometimes confuse the public on the nature of trade surpluses. Contrary to Krugman, there's nothing foolish about exporting more than you import. Mentioned in the Episode and Other Links of Interest: https://mises.org/wire/what-krugman-gets-right-and-wrong-trade-surpluses (Bob's mises.org critique) of Krugman's https://www.nytimes.com/2022/05/19/opinion/putin-russia-sanctions-ukraine.html (NYT column). https://blog.independent.org/2018/05/05/free-traders-should-be-more-careful-when-defending-trade-deficits/ (Bob's critique) of the WSJ subtitle for a Barro op ed. Bob's novel Minerva (https://www.pzolo.info/minervaFinal.pdf (pdf version) compiled by a listener). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob argues that Putin's moves to link the ruble to gold and to insist on ruble payments for natural gas won't be very effective in strengthening the currency. He then critiques a recent listener comment who argued that one's views on taxation are important for determining moral worth as a human. Mentioned in the Episode and Other Links of Interest: https://www.bullionstar.com/blogs/ronan-manly/russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a/ (An example of Ronan Manly's) ruble/gold analysis. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Mike Thiessen talks with Bob extensively on the economics of climate change policy. The discussion then turns to the fate of the US dollar and the US empire. Mentioned in the Episode and Other Links of Interest: The https://www.youtube.com/watch?v=5Z0fNbnutpQ (YouTube version) of this interview. https://www.fraserinstitute.org/studies/off-target-the-economics-literature-does-not-support-the-1.5c-climate-ceiling (Bob's study with Ross McKitrick) on the economics of climate change. https://www.instituteforenergyresearch.org/climate-change/should-we-trust-the-climate-models-part-1-of-3/ (Bob's evaluation of the forecasts) of the leading climate models. Schwab’s books https://www.amazon.com/gp/product/1524758868/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1524758868&linkId=6d4b5ae46682d4edde8d80860d6bea11 (The Fourth Industrial Revolution) and https://www.amazon.com/gp/product/2940631123/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=2940631123&linkId=5a38165038350b85da97cbe213726b3a (Covid-19 and the Great Reset). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Johnny Vedmore is an independent journalist from Cardiff, Wales. He discusses his masterful article on Klaus Schwab's mentors, including Henry Kissinger and John Kenneth Galbraith. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/odWca-JRTDE (YouTube version) of this interview. Johnny Vedmore's https://unlimitedhangout.com/2022/03/investigative-reports/dr-klaus-schwab-or-how-the-cfr-taught-me-to-stop-worrying-and-love-the-bomb/ (article on Klaus Schwab). https://www.bobmurphyshow.com/episodes/ep-227-behind-klaus-schwab-the-world-economic-forum-and-the-great-reset-part-1/ (Part 1), https://www.bobmurphyshow.com/episodes/ep-228-behind-klaus-schwab-the-world-economic-forum-and-the-great-reset-part-2/ (Part 2), https://www.bobmurphyshow.com/episodes/ep-232-behind-klaus-schwab-the-world-economic-forum-and-the-great-reset-part-3/ (Part 3), https://www.bobmurphyshow.com/episodes/ep-233-behind-klaus-schwab-the-world-economic-forum-and-the-great-reset-part-4/ (Part 4) and https://www.bobmurphyshow.com/episodes/ep-235-behind-klaus-schwab-the-world-economic-forum-and-the-great-reset-part-5/ (Part 5) of the BMS series on Klaus Schwab and the Great Reset. https://www.openphilanthropy.org/evaluation-some-technology-forecasts-year-2000 (An evaluation) of Herman Kahn's "Year 2000" forecasts. Part 1 of John Kenneth Galbraith's https://www.youtube.com/watch?v=hN8yPLaBVm8 ("The Age of Uncertainty.") https://www.youtube.com/watch?v=jPU1AYTxwg4 (Trailer for the Kubrick film), "Dr. Strangelove." Bob's novel, https://www.pzolo.info/minervaFinal.pdf (Minerva). Schwab’s books https://www.amazon.com/gp/product/1524758868/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1524758868&linkId=6d4b5ae46682d4edde8d80860d6bea11 (The Fourth Industrial Revolution) and https://www.amazon.com/gp/product/2940631123/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=2940631123&linkId=5a38165038350b85da97cbe213726b3a (Covid-19 and the Great Reset). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob critiques the economic views of Yuval Harari, who predicts "useless people" because of technological advances. Bob then showcases similar thinking from right-wingers. He ends by addressing a common critique of the Christian God. Mentioned in the Episode and Other Links of Interest: https://www.bobmurphyshow.com/episodes/ep-227-behind-klaus-schwab-the-world-economic-forum-and-the-great-reset-part-1/ (Part 1), https://www.bobmurphyshow.com/episodes/ep-228-behind-klaus-schwab-the-world-economic-forum-and-the-great-reset-part-2/ (Part 2), https://www.bobmurphyshow.com/episodes/ep-232-behind-klaus-schwab-the-world-economic-forum-and-the-great-reset-part-3/ (Part 3), https://www.bobmurphyshow.com/episodes/ep-233-behind-klaus-schwab-the-world-economic-forum-and-the-great-reset-part-4/ (Part 4) and https://www.bobmurphyshow.com/episodes/ep-235-behind-klaus-schwab-the-world-economic-forum-and-the-great-reset-part-5/ (Part 5) of the BMS series on Klaus Schwab and the Great Reset. Bob's book with Silas Barta on http://understandingbitcoin.us/ (Understanding Bitcoin). https://www.youtube.com/watch?v=vBjI7IrQMBg&t=4667s (Source) for NWO compilation. https://www.youtube.com/watch?v=Gkah93moRUk (Source) for World Government Summit panel on blockchain. https://twitter.com/lukewearechange/status/1513177475454537738?s=21&t=lOfCEF54Z7HVOPrxyGmxvQ (Source) for Harari audio. https://www.youtube.com/watch?v=zstX6F5HNHI (Tim Pool episode) featuring Michael Malice discussing NPCs (around 1:04:30). Schwab’s books https://www.amazon.com/gp/product/1524758868/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1524758868&linkId=6d4b5ae46682d4edde8d80860d6bea11 (The Fourth Industrial Revolution) and https://www.amazon.com/gp/product/2940631123/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=2940631123&linkId=5a38165038350b85da97cbe213726b3a (Covid-19 and the Great Reset). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
In a recent episode of "The Problem With Jon Stewart," the former Daily Show host asks former president of the Kansas City Fed Thomas Hoenig why the Fed couldn't have bailed out homeowners, or just "quantitative ease" away the Treasury's debt. Hoenig gives muddy answers, so Bob tries to clarify. Mentioned in the Episode and Other Links of Interest: Jon Stewart's https://podcasts.apple.com/us/podcast/jon-talks-to-thomas-hoenig-our-economy-is-a-delusion/id1583132133?i=1000548449939 (full interview) with Thomas Hoenig. Jon Stewart https://www.cc.com/video/8tl067/the-daily-show-with-jon-stewart-paul-krugman-the-trillion-dollar-coin (skewers Paul Krugman). Jon Stewart https://youtu.be/0G6obeUKWmw (interviews Kelton and Gray) on MMT. Bob's book https://mises.org/library/understanding-money-mechanics-3 (Understanding Money Mechanics). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob completes his series on the elites who are literally trying to take over the world. He first explains Schwab's connection to the Global Government Summit, and then finishes reading key excerpts from Schwab's book on Covid-19 and the Great Reset. Mentioned in the Episode and Other Links of Interest: https://www.bobmurphyshow.com/episodes/ep-227-behind-klaus-schwab-the-world-economic-forum-and-the-great-reset-part-1/ (Part 1), https://www.bobmurphyshow.com/episodes/ep-228-behind-klaus-schwab-the-world-economic-forum-and-the-great-reset-part-2/ (Part 2), and https://www.bobmurphyshow.com/episodes/ep-232-behind-klaus-schwab-the-world-economic-forum-and-the-great-reset-part-3/ (Part 3), and https://www.bobmurphyshow.com/episodes/ep-233-behind-klaus-schwab-the-world-economic-forum-and-the-great-reset-part-4/ (Part 4) of this series. Bob and Carlos Lara's presentation, https://infinitebanking.org/how-to-weather-the-coming-financial-storms/ ("How to Weather the Coming Economic Storms.") Bob's book https://consultingbyrpm.com/common-sense-the-case-for-an-independent-texas (Common Sense: The Case for an Independent Texas.) Bob and Carlos' book https://thecaseforibc.com/ (The Case for IBC). Their book https://infinitebanking.org/product/how-privatized-banking-really-works/ (How Privatized Banking Really Works.) The WEF’s https://www.weforum.org/about/klaus-schwab (bio for its founder), Klaus Schwab. Schwab’s books https://www.amazon.com/gp/product/1524758868/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1524758868&linkId=6d4b5ae46682d4edde8d80860d6bea11 (The Fourth Industrial Revolution) and https://www.amazon.com/gp/product/2940631123/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=2940631123&linkId=5a38165038350b85da97cbe213726b3a (Covid-19 and the Great Reset). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) https://www.youtube.com/watch?v=tLE0TljfDT4 (Schwab's address) to Global Government Summit. https://www.forbes.com/global/1999/1115/0223108a.html?sh=639cdf057e11 (Forbes’ article) on Schwab the power broker. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Keith Weiner is founder and CEO of Monetary Metals, an investment firm that pays interest on gold, and the founder of the Gold Standard Institute USA. Weiner's mission is to provide entrepreneurial services and education to help restore gold as the world's money par excellence. Mentioned in the Episode and Other Links of Interest: The https://www.youtube.com/watch?v=EZdfa0R-AZI (YouTube version) of this interview. https://monetary-metals.com/monetary-metals/the-monetary-metals-story/our-team/ (Keith Weiner's bio) at Monetary Metals. https://www.forbes.com/sites/realspin/2013/08/21/solving-a-serious-mystery-why-dont-gold-and-silver-coins-circulate/?sh=102fce2b477a (Weiner's Forbes article) on gold and silver coins not circulating. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob continues his series, this time focusing on the creepy worldview of WEF speaker Yuval Harari, and further reviews Schwab's book on Covid-19 and the Great Reset. Mentioned in the Episode and Other Links of Interest: https://www.bobmurphyshow.com/episodes/ep-227-behind-klaus-schwab-the-world-economic-forum-and-the-great-reset-part-1/ (Part 1), https://www.bobmurphyshow.com/episodes/ep-228-behind-klaus-schwab-the-world-economic-forum-and-the-great-reset-part-2/ (Part 2), and https://www.bobmurphyshow.com/episodes/ep-232-behind-klaus-schwab-the-world-economic-forum-and-the-great-reset-part-3/ (Part 3) of this series. The WEF’s https://www.weforum.org/about/klaus-schwab (bio for its founder), Klaus Schwab. Schwab’s books https://www.amazon.com/gp/product/1524758868/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1524758868&linkId=6d4b5ae46682d4edde8d80860d6bea11 (The Fourth Industrial Revolution) and https://www.amazon.com/gp/product/2940631123/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=2940631123&linkId=5a38165038350b85da97cbe213726b3a (Covid-19 and the Great Reset). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) Yuval https://www.ynharari.com/ (Harari's website). "Awaken With JP"'s https://youtu.be/6G3nWyoQ5CQ (episode) on Schwab and Harari. https://youtu.be/hL9uk4hKyg4 (Harari's talk) on the future of humanity at the 2018 World Economic Forum conference. https://mises.org/wire/socialism-calculation-problem-not-knowledge-problem-0 (Bob's article) on the socialist calculation debate. https://www.youtube.com/watch?v=DnZ1GFZ0-nU (Joe Salerno's lecture) on it. https://www.forbes.com/global/1999/1115/0223108a.html?sh=639cdf057e11 (Forbes’ article) on Schwab the power broker. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob continues his series on Klaus Schwab, highlighting examples of Schwab's influence on world leaders, and reading excerpts from his book on Covid-19 and the Great Reset.
Mentioned in the Episode and Other Links of Interest:
https://www.bobmurphyshow.com/episodes/ep-227-behind-klaus-schwab-the-world-economic-forum-and-the-great-reset-part-1/ (Part 1) and https://www.bobmurphyshow.com/episodes/ep-228-behind-klaus-schwab-the-world-economic-forum-and-the-great-reset-part-2/ (Part 2) of this series.
The WEF’s https://www.weforum.org/about/klaus-schwab (bio for its founder), Klaus Schwab.
Schwab’s books https://www.amazon.com/gp/product/1524758868/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1524758868&linkId=6d4b5ae46682d4edde8d80860d6bea11 (The Fourth Industrial Revolution) and https://www.amazon.com/gp/product/2940631123/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=2940631123&linkId=5a38165038350b85da97cbe213726b3a (Covid-19 and the Great Reset). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
https://www.youtube.com/watch?v=Bw8i8IqgZac&list=PLALopHfWkFlFTj__lkebZfUw5s-CWVuIt&index=1 (Bob's first co-hosted Human Action podcast) with Jeff Deist.
https://www.forbes.com/global/1999/1115/0223108a.html?sh=639cdf057e11 (Forbes’ article) on Schwab the power broker.
http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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In a recent episode of the podcast "Your Welcome," Michael Malice had Thaddeus Russell on to explain the controversy that had erupted over an interview Russell did with philosophy professor Stephen Kershnar, where the two academics had defended adult-child sexual relations. Bob documents that Russell's explanations to Malice don't stand up to the record of his own written and spoken remarks. Mentioned in the Episode and Other Links of Interest: https://www.youtube.com/watch?v=Bqn5MLxw2l4 (Michael Malice's recent interview of Thaddeus Russell) on ep. 193 of Your Welcome. https://www.youtube.com/watch?v=ZIG__mlSEms (Thaddeus Russell's controversial interview of Stephen Kershnar) back in December 2020. https://www.bobmurphyshow.com/episodes/ep-180-after-further-review-its-still-wrong-for-adults-to-sleep-with-kids/ (BMS ep. 180), the original critique of Thad's interview of Kershnar. https://www.youtube.com/watch?v=Cb1cSSZf3KI&t=2375s (Thad on Liberty Lockdown) in summer of 2021. https://www.thedailybeast.com/polanski-and-the-debate-about-the-age-of-concent (Thad's 2009 Daily Beast article) on Roman Polanski. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Bob explains the friendly exchange he had with Dave Smith regarding the new Johns Hopkins study that concluded lockdowns did little to reduce mortality. Smith had tweeted that in a sane world, all those favoring lockdowns would be publicly disgraced, while Bob argues that these studies are so open-ended that people on both sides can reasonably ignore those that disagree with their preferred conclusions. Mentioned in the Episode and Other Links of Interest: https://twitter.com/ComicDaveSmith/status/1489420251410440196 (Dave Smith's original tweet) about the Johns Hopkins study. https://www.econlib.org/library/Columns/y2018/MurphyNordhaus.html (Bob's article on Nordhaus) vs. the UN. https://www.reuters.com/article/uk-factcheck-lockdowns/fact-check-studies-show-covid-19-lockdowns-have-saved-lives-idUSKBN2842WS (A Reuters "fact check") that cites Johns Hopkins experts on why lockdowns DO work. https://www.politifact.com/article/2022/feb/07/what-know-about-study-lockdowns-and-covid-19-death/ (A Politifact pushback) on Johns Hopkins study. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Bob has Steve Patterson back on the show, to concede that Steve's skepticism of higher mathematics was right all along. Specifically, Bob explains how his recent discovery of a theorem from Riemann showed that something is indeed rotten in the way mathematicians typically handle infinite sets. Mentioned in the Episode and Other Links of Interest: The https://www.youtube.com/watch?v=Ut-bmopqRHM (YouTube version) of this interview. Steve Patterson's http://steve-patterson.com/ (website) and https://www.youtube.com/c/StevePatterson (YouTube channel). Steve's https://www.youtube.com/watch?v=E_dGqavx5AU (interview with NJ Wildberger). A https://sites.math.washington.edu/~morrow/335_16/history%20of%20rearrangements.pdf (great summary of) Riemann's Rearrangement Theorem. The BMS episodes on https://www.bobmurphyshow.com/episodes/ep-7-godel-made-easy/ (Godel's Incompleteness Theorems) and https://www.bobmurphyshow.com/episodes/ep-166-explaining-kenneth-arrows-impossibility-theorem-for-social-choice/ (Arrow's Impossibility Theorem). Steve's https://www.bobmurphyshow.com/episodes/ep-44-steve-patterson-challenges-rothbardians/ (previous appearance) on the Bob Murphy Show. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob continues his series on Klaus Schwab, explain the WEF's plans for redesigning the world, and providing quotes from Schwab's book on the fourth industrial revolution. Mentioned in the Episode and Other Links of Interest: https://www.bobmurphyshow.com/episodes/ep-227-behind-klaus-schwab-the-world-economic-forum-and-the-great-reset-part-1/ (Part 1) of this series. The WEF’s https://www.weforum.org/about/klaus-schwab (bio for its founder), Klaus Schwab. Schwab’s books https://www.amazon.com/gp/product/1524758868/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1524758868&linkId=6d4b5ae46682d4edde8d80860d6bea11 (The Fourth Industrial Revolution) and https://www.amazon.com/gp/product/2940631123/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=2940631123&linkId=5a38165038350b85da97cbe213726b3a (Covid-19 and the Great Reset). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) The WEF's https://www.weforum.org/agenda/2010/11/the-global-redesign-summit/ (Global Redesign Summit) and the http://www3.weforum.org/docs/WEF_GRI_EverybodysBusiness_Report_2010.pdf (Global Redesign Initiative). Nick Buxton's https://www.tni.org/en/article/davos-and-its-danger-to-democracy (article) on Davos and the danger to democracy. https://www.forbes.com/global/1999/1115/0223108a.html?sh=639cdf057e11 (Forbes' article) on Schwab the power broker. FEE article on the https://fee.org/articles/theres-no-denying-the-socialist-roots-of-fascism/ (socialist roots of fascism). 1983 https://www.edwardjayepstein.com/archived/moneyclub.htm (article in Harper's) on the Bank of International Settlements (BIS). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob starts a series looking into Klaus Schwab, founder of the World Economic Forum and, along with Prince Charles, proponent of the "Great Reset." Mentioned in the Episode and Other Links of Interest: Klaus Schwab and Prince Charles https://www.weforum.org/agenda/2020/06/the-great-reset-this-weeks-world-vs-virus-podcast/ (promoting the "Great Reset.") The World Economic Forum's https://www.weforum.org/great-reset/ (page on the Great Reset). An https://www.youtube.com/watch?v=DAu42_kRd_Q (example of a session) from the WEF's Davos Agenda 2021 conference. The WEF's https://www.weforum.org/about/klaus-schwab (bio for its founder), Klaus Schwab. Schwab's books https://www.amazon.com/gp/product/1524758868/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1524758868&linkId=6d4b5ae46682d4edde8d80860d6bea11 (The Fourth Industrial Revolution) and https://www.amazon.com/gp/product/2940631123/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=2940631123&linkId=5a38165038350b85da97cbe213726b3a (Covid-19 and the Great Reset). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) The video of https://twitter.com/MissTrade/status/1475809701606551554 (Schwab explaining his connection to Kissinger). The "red pill" documentary https://www.dailymotion.com/video/x6ea4cy (Wake Up Call). Murphy's new book from the Mises Institute, https://mises.org/library/understanding-money-mechanics-3 (Understanding Money Mechanics). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob critiques a Guardian article from an economist favoring price controls, and explains his argument with Joe Weisenthal about the social benefit of saving actual cash. Mentioned in the Episode and Other Links of Interest: Dr. Keith Smith (of the Surgery Center of Oklahoma) https://surgerycenterok.com/contact/ (contact page). The https://www.theguardian.com/business/commentisfree/2021/dec/29/inflation-price-controls-time-we-use-it (Guardian article) advocating price controls. Murphy Mises.org https://mises.org/wire/joe-weisenthal-thinks-debasing-dollar-moral-thing-do (critique of Weisenthal). Murphy article on the https://fee.org/articles/the-depression-youve-never-heard-of-1920-1921/ (1920-21 depression). https://mises.org/wire/inflation-its-effects-and-failures (Mises essay) calling inflationary war finance "undemocratic." BMS series on Bohm-Bawerk (https://www.bobmurphyshow.com/episodes/ep-26-capital-and-interest-in-the-austrian-tradition-part-1-of-3/ (1), https://www.bobmurphyshow.com/episodes/ep-28-capital-and-interest-in-the-austrian-tradition-part-2-of-3/ (2), and https://www.bobmurphyshow.com/episodes/ep-31-capital-and-interest-in-the-austrian-tradition-part-3-of-3/ (3)). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Buck Johnson hosts the podcast Counterflow, and recently featured Bob to discuss his new pamphlet COMMON SENSE on Texas secession. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/JHx3mhymyn8 (YouTube version) of this interview. Bob's pamphlet https://consultingbyrpm.com/common-sense-the-case-for-an-independent-texas (COMMON SENSE: The Case for an Independent Texas). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Patrick Newman is a fellow at the Mises Institute who have just published his new book. He talks about Rothbard's approach to history, whether the US revolution was libertarian, and the proper way to interpret Andrew Jackson. Mentioned in the Episode and Other Links of Interest: The https://www.youtube.com/watch?v=b2FEAvfdB7U (YouTube version) of this interview. Patrick Newman's new book https://mises.org/library/cronyism-liberty-versus-power-early-america-1607-1849 (Cronyism: Liberty vs. Power in Early America, 1607-1849.) Patrick's previous appearance on https://www.bobmurphyshow.com/episodes/ep-49-patrick-newman-cracks-the-code-to-publish-a-new-rothbard-manuscript/ (ep. 49) of the Bob Murphy Show. Dan Sanchez's https://mises.org/library/19th-century-bernanke-0 (article on Andrew Jackson's fight) with Nicholas Biddle over the Second Bank of the United States. https://qjae.scholasticahq.com/article/17385-book-review-the-deficit-myth-modern-monetary-theory-and-the-birth-of-the-people-s-economy (Bob's review of MMT) (including Andrew Jackson's payoff of the federal debt). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
David Legates has a PhD in climatology and is Professor of Climatology at the University of Delaware. He discusses the new 3rd edition of the Independent Institute book, "Hot Talk, Cold Science: Global Warming's Unfinished Debate." Mentioned in the Episode and Other Links of Interest: The https://www.youtube.com/watch?v=EjhgecdclBY (YouTube version) of this interview. The Independent Institute book, https://www.independent.org/store/book.asp?id=136&gclid=CjwKCAiA7dKMBhBCEiwAO_crFJlaxMH6TNR-k4g-ynavfNMT1ddUk9Q2BRIWFt1bP8CZi9QjsR3E9xoCpPYQAvD_BwE (Hot Talk, Cold Science). https://www.fraserinstitute.org/studies/off-target-the-economics-literature-does-not-support-the-1.5c-climate-ceiling (Bob's study with Ross McKitrick) (one of the debunkers of the so-called hockey stick). https://www.instituteforenergyresearch.org/climate-change/should-we-trust-the-climate-models-part-1-of-3/ (Bob's article) on how "statistical significance" is misleading with respect to the climate models. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Kris Borer is an entrepreneur with a background in robotics and artificial intelligence. His new book is narrative non-fiction that illustrates why libertarianism cannot be defined precisely with physical concepts like force or property boundaries. Instead, Borer argues that libertarians should use praxeology to define conflict, aggression, and the NAP. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/_zDuQ1UTEEE (YouTube version) of this interview. Kris Borer's book, https://www.amazon.com/gp/product/195197400X/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=195197400X&linkId=368d1ec0da5cd1c18abc4060a8059503 (The Ethics of Anarcho-Capitalism). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) Kris Borer's https://krisborer.com/ (website). https://mises.org/library/causation-and-aggression-0 (Kinsella and Tinsley's paper) on causation and aggression. BMS episode on https://www.bobmurphyshow.com/episodes/ep-7-godel-made-easy/ (Godel's Theorem). Bob and Gene Callahan https://mises.org/library/hans-hermann-hoppes-argumentation-ethic-critique (critique of Hoppe's argumentation ethics), Stephan https://www.bobmurphyshow.com/episodes/ep-79-stephan-kinsella-and-bob-murphy-debate-hans-hoppes-argumentation-ethics/ (Kinsella defends Hoppe) on BMS. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob explains the economics of paid leave, and he points out some disturbing trends in the "post-libertarian" discussions about fighting tyranny. Mentioned in the Episode and Other Links of Interest: The BLS' https://www.bls.gov/opub/reports/minimum-wage/2020/home.htm (minimum wage stats). Curtis Yarvin https://www.unqualified-reservations.org/2007/04/formalist-manifesto-originally-posted/ (on formalism). http://www.george-orwell.org/1984/15.html (Part II, Chapter 8) from George Orwell's 1984. Bob's pamphlet http://texascommonsense.com (COMMON SENSE: The Case for an Independent Texas.) Hoppe on https://mises.org/library/what-must-be-done-0 ("What Must Be Done.") http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Ian Crossland, frequent co-host on Tim Pool's podcast, explains his background in acting and his views on helping others to help themselves. Ian also explains his role in speaking unpopular truths. This was one of Bob's favorite conversations that is hard to classify. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/GxXMzbPyLlY (YouTube version) of this interview. Ian Crossland's https://www.youtube.com/c/crossmack (YouTube channel). Ian's commercials!! https://www.youtube.com/watch?v=y_9yqV-mpGM (One) and https://www.youtube.com/watch?v=c4gpOd3NwcU (two). Bob's https://www.youtube.com/watch?v=uFHFjDNTu74 (appearance on Tim Pool with Ian). https://hiup.org/wp-content/uploads/2013/05/AIP_CP_SProton_Haramein.pdf (The physics paper by Nassim Haramein) that Ian referenced. The scientists discussing comet strikes (and more) https://www.youtube.com/watch?v=0H5LCLljJho (on Joe Rogan) that Ian referenced. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Host of A Neighbor's Choice radio program, David Gornoski talks about the recent removal of his YouTube channel. He summarizes the work of Rene Girard and shows how society still tries to use scapegoats to relieve tensions, even after Jesus showed us its futility. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/UUxjrFGhiV8 (YouTube version) of this interview. David Gornoski's show, https://aneighborschoice.com/ (A Neighbor's Choice). David's https://www.bobmurphyshow.com/episodes/ep-15-david-gornoski-on-biblical-mercy-scapegoats-and-the-state/ (previous appearance on the BMS). https://aneighborschoice.com/things-hidden-39-monica-paulus-escapes-literal-witch-burning/ (David's interview) regarding literal "witch"-burning in Papua New Guinea. Bob's EconLib https://www.econlib.org/library/Columns/y2009/Murphygeoengineering.html (article on geo-engineering techniques) to mitigate climate change. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Kerry Baldwin is a Christian libertarian who advances a nuanced position on abortion that seeks to protect the fetus while respecting the bodily rights of the mother. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/BaV5MzLoW4g (YouTube version) of this interview. Kerry Baldwin's website, https://mereliberty.com/ (MereLiberty.com), with her work on abortion summarized https://mereliberty.com/abortion/ (here). Baldwin's https://youtu.be/OKU_xutF-eQ (SoHo Forum debate on abortion) with Walter Block. Baldwin's co-authored book https://www.amazon.com/gp/product/1733658440/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1733658440&linkId=5ee19ba02506730212de9dd069721f8e (Faith Seeking Freedom), published by the Libertarian Christian Institute. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) https://www.bobmurphyshow.com/episodes/ep-214-explaining-libertarianism-to-skeptical-christians/ (Bob's interview) with two of the other co-authors of Faith Seeking Freedom. A https://freethepeople.org/how-to-love-your-enemy-a-restorative-justice-story/ (documentary on Restorative Justice). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob provides a running refutation of Stephanie Kelton's recent TED talk on Modern Monetary Theory (MMT). Mentioned in the Episode and Other Links of Interest: Stephanie https://www.youtube.com/watch?v=MkuJTqIawqA (Kelton's TED Talk). https://mises.org/library/deficit-myth-modern-monetary-theory-and-birth-peoples-economy (Bob's review of Kelton's book) explaining MMT. Kelton's intro to MMT, https://www.amazon.com/gp/product/B07RM72BT7/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=B07RM72BT7&linkId=df4e4f1cb27e8ef79cf1071b62dd237e (The Deficit Myth). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) https://www.bobmurphyshow.com/episodes/ep-18-warren-mosler-defends-the-essential-insights/ (Bob's interview) of a founder of MMT, Warren Mosler. Then https://www.bobmurphyshow.com/episodes/ep-24-murphy-dissects-his-discussion-of-mmt-with-warren-mosler/ (Bob's analysis) of that episode. Bob's https://mises.org/library/upside-down-world-mmt (Mises.org critique of a popular identity) (equation) in the MMT literature. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob covers some of the key points in his new pamphlet on restoring the Republic of Texas. Mentioned in the Episode and Other Links of Interest: Bob's new pamphlet, http://TexasCommonSense.com (COMMON SENSE: The Case for an Independent Texas). Bob's recent https://youtu.be/uFHFjDNTu74 (appearance on Tim Pool's show). Bob's article on https://www.econlib.org/library/Columns/y2017/Murphysocialsecurity.html (opting out of Social Security). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Using a recent Paul Krugman column as the jumping off point, the Mises Institute Academic Vice President Joe Salerno explains and defends Austrian business cycle theory. Mentioned in the Episode and Other Links of Interest: The https://www.youtube.com/watch?v=VgGFi9vtEK8 (YouTube version) of this interview. https://mises.org/wire/rebutting-paul-krugman-austrian-pandemic (Bob's response) to Krugman's NYT https://www.nytimes.com/2021/09/03/opinion/covid-recession-austrian-school-hayek.html (piece). Joe https://mises.org/library/reformulation-austrian-business-cycle-theory-light-financial-crisis-0 (Salerno's 2012 QJAE article) responding to ABCT critics. Joe Salerno's previous appearance on the https://www.bobmurphyshow.com/episodes/ep-16-joe-salerno-on-economic-calculation-fractional-reserve/ (Bob Murphy Show ep. 16.) https://youtu.be/3nG2G9uH218?t=372 (Bob's critique of Selgin) on Canadian fractional reserve banking. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Doug Stuart and Dick Clark of the Libertarian Christian Institute talk about the book they co-authored (with 2 others) that answers tough questions. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/igWBRldnvAc (YouTube version) of this interview. The book https://www.amazon.com/gp/product/1733658440/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1733658440&linkId=5ee19ba02506730212de9dd069721f8e (Faith Seeking Freedom: Libertarian Answers to Tough Questions), by the guests and co-authors. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) The https://libertarianchristians.com/ (homepage for the Libertarian Christian Institute) and their https://www.facebook.com/libertarianchristians (Facebook page). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob reviews Mark Spitznagel's latest book, "Safe Haven: Investing for Financial Storms," on which he was a consultant. Bob explains that Spitznagel rejects the alleged dichotomy between risk and return, and then gives a numerical example to illustrate the two schools of thought. Mentioned in the Episode and Other Links of Interest: https://youtu.be/_OtZ49i-yyk (Bob's appearance on Jordan Peterson)'s podcast. https://academicinfluence.com/people?text=&school=&gender=&country=&discipline=economics&subdiscipline=&year-min=1990&year-max=2020 (Bob's surprisingly high ranking) among influential economists. His https://www.bobmurphyshow.com/episodes/ep-111-winston-ewert-explains-his-research-applying-computer-science-to-intelligent-design/ (episode with Winston Ewert) (who helped design the AI that produced the ranking). Mark Spitznagel's new book https://www.amazon.com/gp/product/1119401798/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1119401798&linkId=72a17d78b148b80690474248bbbdfd99 (Safe Haven: Investing for Financial Storms) and his previous book, https://www.amazon.com/gp/product/111834703X/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=111834703X&linkId=102c6b266bce8e18a59803bde9841aa4 (The Dao of Capital). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob gives a brief history of money in the United States, explaining that the dollar was much "harder" in, say, 1810 than it was in 1910. This explains why there was significant consumer price inflation even in 1970, the year before Richard Nixon officially severed the dollar's link to gold. Mentioned in the Episode and Other Links of Interest: https://mises.org/wire/brief-history-gold-standard-focus-united-states (Bob's chapter) in the new book, https://mises.org/library/understanding-money-mechanics-0 (Understanding Money Mechanics), discussing the history of the US gold/silver standards. His chapter https://mises.org/wire/ludwig-von-misess-circulation-credit-theory-trade-cycle (on Mises' theory of the business cycle). Bob's articles discussing the 50th anniversary of Nixon closing the gold window: (1) https://www.fraserinstitute.org/article/learn-from-nixon-shock-control-central-bankers-limit-ability-to-debase-currency (Basic intro), (2) discussing the https://thehill.com/opinion/finance/568480-after-the-gold-standard-we-got-bigger-government-and-a-smaller-dollar (different regimes of the US gold standard), and (3) explaining the different inflation rates and the connection to Austrian business cycle theory. [Note that this third article hadn't posted as of the original publication of the podcast episode; this link will be updated when available.] https://mises.org/library/more-quibbles-problems-theory-and-history-fractional-reserve-free-banking (Bob's article in the Quarterly Journal of Austrian Economics) on Mises' theory of the business cycle. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
This is a replay of an interview Bob did on Silver Bullion TV. It occurred on July 23 and aired on July 30. Mentioned in the Episode and Other Links of Interest: The original https://www.youtube.com/watch?v=9P14x14CQTw (SBTV interview). Bob's https://www.zerohedge.com/economics/four-myths-about-money-ought-die-forever (article on ZeroHedge). Bob's https://youtu.be/KCUVydkGKWA (Mises U lecture on money mechanics). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob reviews the "Unbreakable" movie trilogy, arguing that M. Night Shyamalan knows we need to awaken the superheroes among us. They might not even know who they are--yet. Mentioned in the Episode and Other Links of Interest: The https://www.youtube.com/watch?v=fNeCB2ALNoA (YouTube trailer for "Unbreakable,") the first movie in the trilogy under discussion. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
In a May 2021 essay, Curtis Yarvin (aka Mencius Moldbug) argues that the American economy runs on an inflation machine. Yarvin claims that the best way to measure the amount of inflation is to look at the change in aggregate personal net worth over a given period. Murphy explains why this is wrongheaded. Mentioned in the Episode and Other Links of Interest: Curtis Yarvin (aka Mencius Moldbug)'s https://graymirror.substack.com/p/the-inflation-economy (essay on The Inflation Economy). https://www.youtube.com/watch?v=4q7TjxANlw4 (Eric Weinstein tells Lex Fridman) his wariness. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Per Bylund is Associate Professor of Entrepreneurship at Oklahoma State University. He discusses three of his current book projects, all touching on various aspects of the Austrian School and its continued importance. Mentioned in the Episode and Other Links of Interest: https://business.okstate.edu/directory/694946.html (Per Bylund's page) at Oklahoma State University. The https://mises.org/wire/primer-we-need (Mises Institute's description of Per Bylund's upcoming primer) on Austrian Economics. https://youtu.be/l2RByG_vutE (Bob's debate with David Friedman) on economic method. Bob Murphy Show https://youtu.be/7YwUXN-Heds (episode on intelligent design). https://mises.org/library/bursting-eugene-famas-bubble (Bob's article critiquing Eugene Fama's) denial of the housing bubble. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob unveils a new recurring series, in which he gives the context of infamous quotations. In this episode, he covers two allegedly shocking quotes from John Lennon, John Maynard Keynes' "in the long run we're all dead," Trump on Nazis being very fine people, Dan Quayle misspelling potato, Obama's "you didn't build that," and Bohm-Bawerk on Karl Marx. Mentioned in the Episode and Other Links of Interest: https://en.wikipedia.org/wiki/More_popular_than_Jesus (Wikipedia entry) on John Lennon's "more popular than Jesus" comment. https://genius.com/The-beatles-revolution-lyrics (Lyrics to "Revolution.") Bob and the Music City Friends of Liberty https://www.youtube.com/watch?v=lGgu3Qq-DlE (cover "Come Together.") Video for https://consultingbyrpm.com/blog/2019/03/trumps-very-fine-people-redux.html (Trump's "very fine people") remark. Video of https://www.youtube.com/watch?v=9GjqdP6KSOE (Obama's "you didn't build that.") https://www.snopes.com/fact-check/pelosi-healthcare-pass-the-bill-to-see-what-is-in-it/ (Nancy Pelosi) on "We have to pass the bill to find out what's in it." Bohm-Bawerk's https://mises.org/library/karl-marx-and-close-his-system (Karl Marx and the Close of His System). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Bob concludes his series on areas where he's changed his mind. This episode covers the economics of climate change, fractional reserve banking, the US gold standard, his notorious inflation bets, Nelson Nash's Infinite Banking Concept, and the God of the Bible. Mentioned in the Episode and Other Links of Interest: Bob's https://mises.org/wire/brief-history-gold-standard-focus-united-states (chapter on the gold standard). Mises' plan to put the USD https://mises.org/library/putting-country-back-gold (back on gold.) Bob's https://www.econlib.org/library/Columns/y2012/Murphycarbon.html (explainer on the Tax Interaction Effect). His article explaining the https://www.econlib.org/library/Columns/y2018/MurphyNordhaus.html (contrast between William Nordhaus' work and the UN) global warming target. https://cdn.mises.org/More%20Than%20Quibbles%20Problems%20with%20the%20Theory%20and%20History%20of%20Fractional%20Reserve%20Free%20Banking.pdf (Bob's journal article) on the fractional reserve banking debate. Selgin & White's https://cdn.mises.org/rae9_2_5_4.pdf (classic defense of FRB). Bob's blog post, https://consultingbyrpm.com/blog/2012/02/why-i-know-there-is-a-god.html ("Why I Know There Is a God.") Bob's https://www.youtube.com/watch?v=uLj5Gi_ZqK4 (full interview) on the Free Born podcast. The https://infinitebanking.org/foundations/ (Foundation of IBC) video series. The documentary, https://www.youtube.com/watch?v=kv_kX5CN3tI ("This Is Nelson Nash.") http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Matt McCaffrey is an Austrian economist who is currently associate professor of entrepreneurship at the University of Manchester. He talks with Bob about American economist Frank Fetter, before moving on to a staple of his research: the connection between Chinese military history and entrepreneurship. Mentioned in the Episode and Other Links of Interest: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2951125 (Matt McCaffrey's paper) on Chinese military history and on https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3239885 (Frank Fetter). Hoppe https://mises.org/library/economic-science-and-austrian-method (on economic method). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Scott Sumner is a monetary economist with the Mercatus Center. He famously argued in late 2008 that the Fed was too tight with monetary policy, and eventually he has convinced many economists of his views. In this episode he explains why interest rates and even monetary aggregates are not good indicators of the stance of monetary policy, whereas NGDP growth is much better. Mentioned in the Episode and Other Links of Interest: Scott Sumner's https://www.mercatus.org/scholars/scott-sumner (Mercatus page). His blog, https://www.themoneyillusion.com/ (The Money Illusion). Scott argues https://www.themoneyillusion.com/the-feds-risky-and-reckless-tight-money-policy/ (the Fed through 2012 had been tight). Scott's older book https://www.amazon.com/gp/product/1598131508/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1598131508&linkId=145e17cb1eaa8e8e164146a3e46febfa (The Midas Paradox). Scott's forthcoming book https://www.amazon.com/gp/product/022677368X/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=022677368X&linkId=07ee3f1e6e1b000aea8fcaa3adf1cd7d (The Money Illusion). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) https://cdn.mises.org/Review%20of%20The%20Midas%20Paradox%20Financial%20Markets,%20Government%20Policy%20Shocks,%20and%20the%20Great%20Depression%20by%20Scott%20Sumner.pdf (Bob's review) of The Midas Paradox and https://mises.org/wire/market-monetarists-and-ngdp-targeting (his assessment of Market Monetarism). EconTalk https://www.econtalk.org/belongia-on-the-fed/ (interview with Michael Belongia) (which brings up Milton Friedman's critical comments about NGDP targeting). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
In response to a listener request, Bob continues a 3-part series explaining areas where his views have changed. In this episode, he covers government debt and future generations, accuracy in polemical writing, the Fed being a private corporation, whether nice guys finish last, and mainstream utility theory. Mentioned in the Episode and Other Links of Interest: Bob's https://consultingbyrpm.com/blog/2012/01/the-economist-zone.html ("The Economist Zone" article) with links to the original contributions to the Great Debt Debate. Bob's https://youtu.be/7Z9NPXI7iCI (Mises University lecture) on the topic. http://www.libertyclassroom.com/dap/a/?a=351 (Bob’s link) for Tom Woods’ Liberty Classroom (which features a lecture on government debt burdens). Bob's https://fee.org/articles/the-origins-of-the-public-school/ (FEE article) on the origin of public schools. Bob's essay on https://consultingbyrpm.com/blog/2016/05/an-essay-for-single-christian-men.html (advice for single Christian men). Bryan Caplan's https://econfaculty.gmu.edu/bcaplan/whyaust.htm ("Why I Am Not an Austrian Economist.") http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
In response to a listener request, Bob starts a 3-part series explaining areas where his views have changed. In this episode, he covers trade deficits, justice vs. mercy, the 2000 election, WMDs in Iraq, and Arrow's Theorem. Mentioned in the Episode and Other Links of Interest: https://blog.independent.org/2018/05/05/free-traders-should-be-more-careful-when-defending-trade-deficits/ (Bob's article) on why free traders should be more careful when defending trade deficits. Bob's article https://mises.org/library/isnt-capital-surplus-good-thing (explaining the capital account) in reference to trade deficits, in the context of criticizing Peter Schiff. Then Bob's https://mises.org/library/falling-dollar-after-all (mea culpa). Bob’s article on https://mises.org/wire/austrian-critique-robert-mundells-impossible-trinity (Robert Mundell). BMS episode https://www.bobmurphyshow.com/episodes/ep-166-explaining-kenneth-arrows-impossibility-theorem-for-social-choice/ (explaining Arrow's Theorem). Steve Landsburg's https://www.amazon.com/gp/product/1451651732/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1451651732&linkId=43f5a44dc270640b1cb4b973d738adab (The Armchair Economist). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) http://www.libertyclassroom.com/dap/a/?a=351 (Bob's link) for Tom Woods' Liberty Classroom (which features a lecture on Arrow's Theorem). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
David Howden is Chair of the Department of Business and Economics at Saint Louis University's Madrid campus. He earned his PhD under Jesus Huerta de Soto. Bob asks David about his experiences as a next generation Austrian economist, and in particular his work on financial markets. Mentioned in the Episode and Other Links of Interest: David Howden's https://www.slu.edu/madrid/academics/faculty/david-howden.php (academic page). Jesus Huerta de Soto's https://mises.org/library/money-bank-credit-and-economic-cycles (book on business cycles). Bob's https://mises.org/library/bursting-eugene-famas-bubble (critique of Fama on bubbles). Bob https://consultingbyrpm.com/blog/2013/01/learning-from-brad-delong-and-paul-krugman.html (explains his botched inflation prediction). Mark Spitznagel's the https://www.amazon.com/gp/product/B00D7P2K1W/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=B00D7P2K1W&linkId=7aa9146e4524d75e441185c579caabed (Dao of Capital). Nassim Taleb's https://www.amazon.com/gp/product/081297381X/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=081297381X&linkId=c119254698003e5bd5e0ce0693d0a845 (The Black Swan). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) Bob's article on https://mises.org/library/social-function-call-and-put-options (social function of call and put options). Tyler Cowen https://conversationswithtyler.com/episodes/john-cochrane/ (interview of John Cochrane). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Vijay Boyapati left a lucrative job at Google in 2007 to move to New Hampshire and campaign for Ron Paul. In this episode, Vijay explains why the other Austrians should have listened to him in 2010 when he warned that their inflation predictions were wrong. He also explains his popular 2018 essay, "The Bullish Case for Bitcoin." Mentioned in the Episode and Other Links of Interest: Vijay Boyapati's https://cdn.mises.org/-2-43_2.pdf (2010 article) on credit deflation. Vijay's 2018 article on https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1 ("The Bullish Case for Bitcoin.") Bob's http://understandingbitcoin.us/ (guide (with Silas Barta) to Bitcoin). Bob's https://mises.org/library/hayeks-plan-private-money (article on Hayek) on private fiat money. Bob https://consultingbyrpm.com/blog/2013/01/learning-from-brad-delong-and-paul-krugman.html (explains his botched inflation prediction). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Jeff Herbener is a Senior Fellow with the Mises Institute and an economics professor at Grove City College. At the 2021 Austrian Economics Research Conference, Jeff presented a defense of the pure time preference theory of interest, and mentioned Bob's critique of it. This episode is a very informative discussion of their views. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/VhEnZ6J0wC0 (YouTube version) of this lecture (which has the PowerPoint slides). https://www.youtube.com/watch?v=Totid4ZPHsc (Jeff Herbener lecture) on interest at Mises University. https://www.bobmurphyshow.com/episodes/ep-198-robert-murphy-lecture-on-history-and-new-developments-in-austrian-interest-theory/ (BMS ep. 198) (which provides context for this discussion). https://www.bobmurphyshow.com/episodes/ep-119-guido-hulsmann-protests-the-lockdown-in-france-and-discusses-his-mises-biography-and-novel-theory-of-interest/ (BMS ep. 119 with Guido Hulsmann) (who also tries to replace the Pure Time Preference Theory). http://consultingbyrpm.com/uploads/Dissertation.pdf (Bob’s dissertation) (which is technical) on Austrian capital theory. https://mises.org/library/why-do-capitalists-earn-interest-income (Bob's article) (for the lay person) explaining BB's critique of the naive productivity theory. An http://consultingbyrpm.com/uploads/Multiple%20Interest%20Rates%20and%20ABCT.pdf (intermediate difficulty paper), in which Bob explains problems with viewing interest as "present goods are more valuable than future goods." Bob's 3-part series (https://www.bobmurphyshow.com/episodes/ep-26-capital-and-interest-in-the-austrian-tradition-part-1-of-3/ (one), https://www.bobmurphyshow.com/episodes/ep-28-capital-and-interest-in-the-austrian-tradition-part-2-of-3/ (two), https://www.bobmurphyshow.com/episodes/ep-31-capital-and-interest-in-the-austrian-tradition-part-3-of-3/ (three)) on Capital and Interest in the Austrian tradition. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Bob gives a guest lecture for Jonathan Newman's MA course for the Mises Institute, on the history of, and new developments in, the pure time preference theory of interest. After summarizing the work of Bohm-Bawerk, Fetter, and MIses, Bob explains his own perspective and then how Jeff Herbener partially agreed with Bob's critique. This episode sets the table for Bob's interview with Herbener in ep. 199. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/NYd1VSYnwFU (YouTube version) of this lecture (which has the PPT slides). Information on the Mises Institute's online https://mises.org/wire/mises-institutes-master-arts-austrian-economics-commence-next-week (Master's Program). http://consultingbyrpm.com/uploads/Dissertation.pdf (Bob's dissertation) on Austrian capital theory. http://bobmurphyshow.com/199 (Bob's interview with Jeff Herbener) (BMS ep. 199). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
David Beckworth is a monetary economist with the Mercatus Center. He explains the rationale of the Market Monetarists (such as Scott Sumner) who support NGDP targeting as the best monetary policy. He also explains recent innovations in Fed policy, and critiques the MMTers. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/GIUp-bI1mIM (YouTube version) of this interview. David Beckworth's https://www.davidbeckworth.com/ (homepage) and podcast, https://www.mercatus.org/bridge/tags/macro-musings (Macro Musings). David Beckworth's book https://www.amazon.com/gp/product/B009K910TW/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=B009K910TW&linkId=11c62c851ab963511a1ea89c5fa7fb05 (Boom and Bust Banking). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) George Selgin's monograph https://www.cato.org/working-paper/floored (Floored!) and book https://www.amazon.com/gp/product/1948647109/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1948647109&linkId=a954caf70e0ebd0c17dfc207da0afc50 (Less Than Zero). #Commissions Earned Beckworth's analysis of the https://www.mercatus.org/publications/monetary-policy/measuring-monetary-policy-ngdp-gap (NGDP gap), average https://www.mercatus.org/bridge/commentary/new-way-manage-inflation (inflation targeting), NGDPLT as https://www.nationalreview.com/2020/07/federal-reserve-coronavirus-crisis-highlights-central-banks-limited-ability-to-respond-economic-disasters/ (ideal policy), and http://macromarketmusings.blogspot.com/2020/08/a-twitter-thread-on-interest-rate.html (critique of MMT). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Stephan Livera hosts a popular podcast on Bitcoin and Austrian economics. He recently had Bob on to discuss, appropriately enough, the economics of Bitcoin from an Austrian perspective. Mentioned in the Episode and Other Links of Interest: Stephan Livera's https://www.youtube.com/user/volition380 (YouTube page). Bob and Silas Barta's http://understandingbitcoin.us/ (guide to Bitcoin). BMS ep. 191 https://www.bobmurphyshow.com/episodes/ep-191-clarifying-the-economic-framework-for-both-camps-in-the-bitcoin-debate/ (clarifying the debate) over Bitcoin. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Scott Horton comes back on the show to discuss his new book, Enough Already: Time to End the War on Terrorism. He and Bob largely focus on Osama Bin Laden's strategy for drawing the U.S. into unwinnable wars. They also discuss the role of Israel in U.S. foreign policy. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/E3m6LqH485M (YouTube version) of this interview. Scott's new book https://www.amazon.com/gp/product/B08T7RD14R/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=B08T7RD14R&linkId=0cf396594ac7002f517359daba241c9e (Enough Already: Time to End the War on Terrorism). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) The https://scotthorton.org/archives/ (archive of interviews) at The Scott Horton Show. The homepage of the https://libertarianinstitute.org/ (Libertarian Institute). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob elaborates on two ideas he had when he wrote his novel "Minerva" in grad school. Mentioned in the Episode and Other Links of Interest: http://www.strike-the-root.com/user/199 (Bob's archives at Strike the Root), which contain the serialized version of Bob's novel, Minerva. (Note that the HTML formatting is incorrect for some characters, such as the em-dash turning up as an apostrophe.) UPDATE: A listener compiled a https://www.pzolo.info/minervaFinal.pdf (PDF version of Minerva here). Bob's articles on the social function of https://mises.org/library/social-function-stock-speculators (stock speculator)s, futures https://mises.org/library/social-function-futures-markets (markets), and https://mises.org/library/social-function-call-and-put-options (call and put options). To learn more about Whole Life insurance policies, see the https://infinitebanking.org/foundations/ (Foundations of IBC video series), particularly Module 3. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Walter Block is a giant in the libertarian movement. He explains how he discovered this philosophy and why it will be difficult to advance liberty. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/cPBmg6W7yfc (YouTube version) of this interview. Walter's (co-authored) https://www.researchgate.net/publication/334068463_Evolutionary_psychology_economic_freedom_trade_and_benevolence (2019 article) on sociobiology and liberty. Walter's book https://www.amazon.com/gp/product/1933550171/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1933550171&linkId=7cc961e4c09d89035a719ab8cff7b98a (Defending the Undefendable). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Using a recent Dave Smith interview of Michael Malice as a springboard, Bob elaborates his understanding of anarcho-capitalist principles to the thorny issues of vaccine passports, court rulings, and desegregation of the Old South. Mentioned in the Episode and Other Links of Interest: https://gasdigitalnetwork.com/gdn-show-channels/part-of-the-problem/ (Part of the Problem) episode from February 20, 2021, "They Don't Care About You" featuring Michael Malice. Bob's book https://www.amazon.com/gp/product/1596985046/ref=as_li_tl?ie=UTF8&tag=consultingbyr-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=1596985046&linkId=dbbf72c79c5cb361054e33c6efde8334 (The Politically Incorrect Guide to Capitalism) (featuring his analysis of racism in business). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) Bob Murphy Show https://www.bobmurphyshow.com/episodes/ep-176-a-framework-for-analyzing-tech-censorship/ (ep. 176,) "A Framework for Analyzing Big Tech Censorship." Bob's essay https://fee.org/resources/mandatory-vaccinations-are-incompatible-with-liberty/ (against mandatory vaccinations). Bob's Mises U talk, https://youtu.be/gphKVhnwREc ("The Market for Security") (explaining private law enforcement). Khan Academy https://www.khanacademy.org/humanities/us-history/postwarera/civil-rights-movement/a/the-montgomery-bus-boycott (page on the Rosa Parks) bus boycott. https://consultingbyrpm.com/blog/2021/03/undercutting-the-libertarian-case-against-lockdowns.html (Bob's critique of an AIER article) on private mask mandates. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Bob helps to clarify the Bitcoin debate. On the one hand, the "no intrinsic value" skeptics are ignoring how Austrians deal with gold, while on the other hand, the "HODL forever" enthusiasts would never allow Bitcoin to become a money. Mentioned in the Episode and Other Links of Interest: Bob (and Silas Barta's) http://understandingbitcoin.us/ (guide to Bitcoin). Bob's book http://contrakrugmanbook.com/ (Contra Krugman). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob helps to clarify the Bitcoin debate. On the one hand, the "no intrinsic value" skeptics are ignoring how Austrians deal with gold, while on the other hand, the "HODL forever" enthusiasts would never allow Bitcoin to become a money. Mentioned in the Episode and Other Links of Interest: Bob (and Silas Barta's) http://understandingbitcoin.us/ (guide to Bitcoin). Bob's book http://contrakrugmanbook.com/ (Contra Krugman). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Benjamin Boyce is a writer, interviewer, and filmmaker who rose to fame by relaying his experiences as a student during the infamous Evergreen State protests in 2017. He talks with Bob about the lessons we can learn as the rest of the country follows the same trajectory of identity politics. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/uvTeUoGsjpw (YouTube version) of this interview. Benjamin Boyce's https://www.youtube.com/channel/UCm13xHVNFVwzHzK3QHSaZ3Q (YouTube channel). Benjamin Boyce's https://www.youtube.com/playlist?list=PLRdayXEOwuMG9DG66Bvx6YbUnhw-buS5K (Complete Evergreen Story) (chaps. 10 and 15 were specifically mentioned in the interview). Stephen King's https://www.amazon.com/gp/product/1444723251/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1444723251&linkId=dccf35aa2e73d8303c5b13d8e8465443 (On Writing). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Josiah Neeley is the Texas Director and Resident Senior Fellow in Energy for the R Street Institute. He has a lively discussion, pushing back on some of Bob's previously articulated points regarding the recent Texas freeze and blackouts. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/DokiPcC4EIY (YouTube version) of this interview. https://reason.com/2021/02/22/the-texas-blackout-blame-game/ (Josiah's article) on the Texas freeze. https://mises.org/wire/wind-power-disaster-texas-no-matter-what-paul-krugman-says (Bob’s article) on the Texas freeze. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Rob Bradley is an expert in the history of US energy markets. He explains the role of Sam Insull (co-founder of General Electric) in showing what a free market in electricity would look like, and then criticizes Texas' ERCOT as a central planning agency. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/Hk6ULpkM63I (YouTube version) of this interview. Rob Bradley's website, https://www.masterresource.org/ (Master Resource). Rob's https://www.instituteforenergyresearch.org/the-grid/krugman-misses-on-the-texas-blackout/ (article on the recent Texas freeze) and Paul Krugman. Rob Bradley's books https://www.amazon.com/gp/product/0470917369/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0470917369&linkId=e10849f813741ee3d4be03825dead5c6 (Edison to Enron) and https://www.amazon.com/gp/product/0976404176/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0976404176&linkId=0d69fd0636631a94f718a843d61c712b (Capitalism at Work). #CommissionsEarned Harold Demsetz's 1968 Journal of Law and Economics article, http://masonlec.org/site/files/2011/04/Demsetz-1968-Why-Regulate-Utilities.pdf ("Why Regulate Utilities?") Robert Bryce's book https://www.amazon.com/gp/product/1586482017/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1586482017&linkId=250408c17c5ed0a019abc87a68808dd6 (Pipe Dreams: Greed, Ego, and the Death of Enron). Forrest McDonald's book https://www.amazon.com/gp/product/1587982439/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1587982439&linkId=cbb79931a8c6b115f8a23eb5c6689b28 (Insull: The Rise and Fall of a Billionaire Utility Tycoon). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) https://mises.org/wire/wind-power-disaster-texas-no-matter-what-paul-krugman-says (Bob's article) on the Texas freeze. https://www.bobmurphyshow.com/episodes/ep-77-rob-bradley-on-his-contributions-to-energy-economics/ (Bob Murphy Show episode 77), where Rob Bradley explains his education under Rothbard and his contributions to energy economics in the Austrian tradition. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Gary Wolfram is an economics professor at Hillsdale College, who was both a teacher and colleague of Bob during his two stints at the school (first as a student then as a professor). They discuss Gary's background as an economist in both academia and the political sphere, and why government intervention hurts the people it ostensibly helps. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/P-fLBxrGKwo (YouTube version) of this interview. Gary Wolfram's book, https://www.amazon.com/gp/product/0965604071/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0965604071&linkId=f4b67605943be995b867f99e21f62ee9 (A Capitalist Manifesto). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) Bob's article https://mises.org/wire/why-biden-and-krugman-are-wrong-about-15-minimum-wage (on the $15 minimum wage). Walter Williams' https://fee.org/media/5133/0703williams.pdf (2007 FEE article) on the minimum wage. Mises' https://mises.org/library/liberalism-classical-tradition (Liberalism) and Bastiat's http://bastiat.org/en/the_law.html (The Law). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Since the deep freeze in February caused millions of Texas homes to lose their power, partisans have been fighting over the blame. The governor blamed wind turbines and the green agenda, whereas Paul Krugman said the fault was with natural gas. Bob shows the numbers; natural gas was to blame only in the sense that nobody expected wind to be useful during a winter crisis. Mentioned in the Episode and Other Links of Interest: https://mises.org/wire/wind-power-disaster-texas-no-matter-what-paul-krugman-says (Bob's article) at Mises.org, which gives links to all the relevant sources. The https://infinitebanking.org/foundations/ (Foundations of IBC). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Medical doctor Keith Smith returns to the show to explain how government intervention allows insurance companies to distort health care prices. Rather than merely diagnosing the problem, Smith has formed organizations that are providing affordable care to patients. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/L8TJveNG1Lk (YouTube version) of this interview. The https://surgerycenterok.com/about/ (Surgery Center of Oklahoma). The https://fmma.org/ (Free Market Medical Association) (FMMA). The https://mises.org/events/medical-freedom-summit (Medical Freedom Summit), hosted by Mises Institute, on June 17, 2021 in New Hampshire. A https://www.youtube.com/watch?v=y9H0CGgMnAM (short YouTube video) in which Keith Smith explains $100 hospital aspirin. Bob's book (co-authored with emergency room doctor Doug McGuff) on the economics of health care, https://www.amazon.com/gp/product/1939563097/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1939563097&linkId=e1f741c02aaa0295f84eab6f5e359523 (The Primal Prescription). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob discusses three separate items all related to nonviolence: (1) Gene Sharp's work, (2) Bob's old dream of how to topple a tyrant, and (3) the winners of the Louis CK contest. Mentioned in the Episode and Other Links of Interest: Gene Sharp's book, https://www.amazon.com/gp/product/1846688396/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1846688396&linkId=40efa1194d35f14b3ee820f1e6cfc7de (From Dictatorship to Democracy). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) The trailer for the documentary https://www.youtube.com/watch?v=Vk1XbyFv51k ("How to Start a Revolution.") Sharp's list of https://www.aeinstein.org/nonviolentaction/198-methods-of-nonviolent-action/ (198 methods of nonviolent action). The original https://youtu.be/AfMbN_MzCpw (Louis CK clip) that inspired https://consultingbyrpm.com/blog/2020/11/adventures-in-pacifism-louie-ck-edition.html (Bob's contest). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Standard economic analysis suggests that even large-scale immigration doesn't hurt native citizens economically. But couldn't the newcomers change the culture and political climate to hurt liberty? In his latest book, economist Ben Powell argues that this too is a baseless fear. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/DxX1PxTbkgY (YouTube version) of this interview. Ben Powell's book (co-authored with Alex Nowrasteh) https://www.amazon.com/Wretched-Refuse-Political-Immigration-Institutions/dp/1108477631 (Wretched Refuse?: The Political Economy of Immigration and Institutions). Ben Powell's earlier appearance on https://www.bobmurphyshow.com/episodes/ep-47-economist-ben-powell-reports-on-his-tour-of-socialist-countries/ (ep. 47). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob explains his idea for the general legal principle under which children would constitute a particular case: Namely, treat the parent (or legal guardian) as a trustee acting upon behalf of the trustor, who is the future (adult) version of that child. Mentioned in the Episode and Other Links of Interest: Rothbard's book https://cdn.mises.org/The%20Ethics%20of%20Liberty%2020191108.pdf (Ethics of Liberty) (free pdf). Walter Block et al. on https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3952542/ (children under libertarian law.) Bruno Leoni's https://oll.libertyfund.org/title/kemp-freedom-and-the-law-lf-ed (Freedom and the Law) (various formats). Bob Murphy's https://youtu.be/hY5OYdGevAQ (lecture on private law). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
In a 2019 article, Bob quoted Mises who believed that new gold discoveries, in principle, could cause a (small) boom-bust cycle if the gold hit the loan market before other sectors. Walter Block and Bill Barnett have responded in a new article, arguing that in a free market, new commodity money can't cause such distortions. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/69o9lCN00DM (YouTube version) of this interview. Bob's https://mises.org/library/more-quibbles-problems-theory-and-history-fractional-reserve-free-banking (2019 QJAE) article, which https://www.researchgate.net/publication/347126527_Newly_Discovered_Gold_Does_Not_Distort_the_Economy_It_Is_Not_A_Market_Failure (Block & Barnett (2020)) criticizes. https://consultingbyrpm.com/blog/2021/02/block-barnett-vs.-murphy-mises.html (Bob's blog post) explaining why Block & Barnett (2020) misunderstands his argument in his 2019 QJAE paper. https://www.bobmurphyshow.com/episodes/ep-67-walter-block-and-william-barnett-on-problems-with-hayekian-triangle/ (Bob Murphy Show ep. 67), in which Block and Barnett explained their problems with the Hayekian triangle. Rothbard's classic essays on https://mises.org/library/toward-reconstruction-utility-and-welfare-economics-1 (utility & welfare economics) and the https://mises.org/library/law-property-rights-and-air-pollution (legal treatment of air pollution). Block and Barnett's paper on the https://mises.org/library/optimum-quantity-money (optimal quantity of money). One entry in Block and Barnett's https://www.procesosdemercado.com/wp-content/uploads/2018/04/2017_02_articulo2.pdf (debate over maturity mismatching); it contains references to the earlier volleys for the interested reader. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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On a recent episode of the Unregistered podcast, Thaddeus Russell interviews philosophy professor Stephen Kershnar on his controversial books. Bob strongly critiques their claims that (a) pro-life people ought to be killing abortionists and (b) adult/child sexual relationships can be healthy. Mentioned in the Episode and Other Links of Interest: The https://www.youtube.com/watch?v=ZIG__mlSEms (YouTube version) of Thaddeus' discussion with Kershnar. Thad's https://www.thedailybeast.com/polanski-and-the-debate-about-the-age-of-concent (article in the Daily Beast) defending Roman Polanski. The https://en.wikipedia.org/wiki/Roman_Polanski_sexual_abuse_case (Wikipedia article) about the Polanski sexual abuse case. Bob Murphy Show ep. 133 featuring https://www.bobmurphyshow.com/episodes/ep-133-bob-murphy-debates-thaddeus-russell-on-postmodernism-as-foundation-for-liberty/ (Bob's debate with Thaddeus) on postmodernism as a foundation for liberty. Bob Murphy Show ep. 138 https://www.bobmurphyshow.com/episodes/ep-138-why-the-left-hates-christianity/ ("Why the Left Hates Christianity.") A video on https://www.youtube.com/watch?v=VuRSOnrwPQA (the evolution of "mumble rap.") A mumble rapper's https://www.youtube.com/watch?v=vpJQk02KJ7Y (video glorifying the Illuminati). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Nick Watts has a Master of Divinity degree from Queensland Theological College. He talks with Bob about his book, which argues that the Bible claims that taxation is tantamount to slavery. Interestingly, Nick went into his project as a conservative small government man and emerged as a Rothbardian who has no political ruler except Christ the King. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/udkGGc8k8s8 (YouTube version) of this interview. Nick Watts' website, https://beingbiblical.com/ (Being Biblical). His book, https://www.amazon.com/gp/product/B08CBFJY9Q/ref=as_li_tl?ie=UTF8&tag=consultingbyr-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B08CBFJY9Q&linkId=9d5e06dce6670367a12d0f51ee161b19 (Taxation Is Slavery: The Biblical Case for Libertarian Politics). https://youtu.be/lhxSLdM66AE (BMS ep. 111), with Winston Ewert on Intelligent Design. https://youtu.be/7YwUXN-Heds (BMS ep 106) on Intelligent Design. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Tom Woods invites Bob onto his podcast to discuss the coordinated actions of retail traders to implement a short squeeze on hedge funds, in the process causing GameStop stock to increase some 1,500%. Tom and Bob explain the basic economics involved and the political implications. Mentioned in the Episode and Other Links of Interest: The https://tomwoods.com/ (Tom Woods Show). A https://www.bloomberg.com/opinion/articles/2021-01-25/the-game-never-stops (Bloomberg article) and an https://arstechnica.com/gaming/2021/01/the-complete-morons-guide-to-gamestops-stock-roller-coaster/ (ARSTechnica article) giving good summaries of the timeline. Bob's article on https://mises.org/library/social-function-stock-speculators ("The Social Function of Stock Speculators,") and a 2008 article https://www.econlib.org/library/Columns/y2008/Murphyshortsell.html (criticizing) the government's forbidding of short-selling financial stocks. Chris Cillizza's https://www.cnn.com/2021/01/27/politics/gamestop-stock-surge-trumpism/index.html (CNN article) blaming GameStop controversy on Trumpism. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob has a short but sweet conversation with Knox County Mayor Glenn Jacobs. They cover Glenn's career in wrestling, his discovery of Austrian economics, and what he's learned since entering politics. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/La9hjDX_-Ws (YouTube version) of this interview. Glenn Jacobs' https://www.knoxcounty.org/countymayor/ (Knox County mayoral page). Murray Rothbard's https://mises.org/library/what-has-government-done-our-money ("What Has Government Done to Our Money?") http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Bob explains the legal and practical issues surrounding the purge of right-wing voices from social media sites. He makes a distinction between free speech and the 1st Amendment, and critically analyzes the typical "newsstand / publisher" analogy for Section 230. Mentioned in the Episode and Other Links of Interest: https://www.eff.org/deeplinks/2020/12/publisher-or-platform-it-doesnt-matter (EFF article on Section 230) and why the platform/publisher distinction is a red herring. Encyclopedia Brittanica entry https://www.britannica.com/topic/First-Amendment (on the First Amendment). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Ron Paul used the fall in purchasing power since the founding of the Fed to argue that the central bank had hurt regular Americans. Fed economist David Andolfatto disagrees, but Bob pushes back. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/3SgTe37PnI4 (YouTube version) of this interview. http://andolfatto.blogspot.com/2011/03/ron-pauls-money-illusion-sequel.html (David Andolfatto critiques Ron Paul's) argument against the Fed. https://mises.org/library/inflation-harmless-or-even-good (Bob's rebuttal) to Andolfatto. https://www.cato.org/publications/working-paper/has-fed-been-failure ("Has the Fed Been a Failure?") by White et al. Bob's forthcoming book on https://mises.org/library/understanding-money-mechanics-0 (Understanding Money Mechanics). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob offers his thoughts on the double standards in the media and pundit treatment of the Jan. 6 Capitol events. He also explains the seemingly crazy allegations from the protestor who was dressed as a Viking. Mentioned in the Episode and Other Links of Interest: https://thefederalist.com/2021/01/07/28-times-media-and-democrats-excused-or-endorsed-violence-committed-by-left-wing-activists/ (The Federalist article) on leftist hypocrisy regarding violent protests. Story on https://www.washingtonpost.com/dc-md-va/2018/09/24/arrested-after-anti-kavanaugh-protest-capitol-hill/ (activists flooding Capitol during Kavanaugh) hearings. https://twitter.com/BobMurphyEcon/status/1347190551494471684 (Bob's (controversial) tweet) about why Jan. 6 was tragic. https://capitolweekly.net/black-panthers-armed-capitol/ (Story on the Black Panthers) storming the CA state Capitol. https://twitter.com/INVESTMENTSHULK/status/1347086756278128641 (Video of the QAnon Shaman) (i.e. Viking guy). Is our money https://mises.org/library/our-money-based-debt (based on debt?) https://www.history.com/news/inside-the-governments-top-secret-doomsday-hideouts (History channel story) about underground government bunkers. The https://www.nytimes.com/2019/05/26/us/politics/ufo-sightings-navy-pilots.html (NYT story on Navy pilots) seeing unexplained aerial phenomena (UAP). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Alastair Roberts works for the Biblically-grounded Theopolis and Davenant Institutes. He talks with Bob about the work of Rene Girard on scapegoating, and his forthcoming Bible commentary. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/RKvkkpGiV0U (YouTube version) of this interview. Alastair Roberts' https://www.youtube.com/channel/UCmkS1-6kt64WIHegj-h25_g (YouTube channel) and https://soundcloud.com/alastairadversaria (Soundcloud) link to his podcast. The https://theopolisinstitute.com/ (Theopolis) and https://davenantinstitute.org/ (Davenant) Institutes. BMS https://www.bobmurphyshow.com/episodes/ep-15-david-gornoski-on-biblical-mercy-scapegoats-and-the-state/ (ep. 15 with David Gornoski). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Harold Hotelling in 1931 wrote the pioneering article "The Economics of Exhaustible Resources" that described the equilibrium prices over time for a finite resource such as oil or coal. Bob explains the answer and how it matches with the Austrian view of time preference. Mentioned in the Episode and Other Links of Interest: https://www.econlib.org/library/Columns/y2008/Murphyoil.html (Bob's EconLib article) on the market trajectory of oil consumption and prices. Harold Hotelling's pioneering https://www.uio.no/studier/emner/sv/oekonomi/ECON4925/h16/pensumliste/hotelling_the-economics-of-exhaustible-resources.pdf (1931 article on "The Economics of Exhaustible Resources" (pdf).) http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Mahyar Tousi has a popular show out of the UK who has been intimately involved in making the case for Brexit, coming from a classical liberal free trade perspective. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/tZA8JHEcsGs (YouTube version) of this interview. Mahyar Tousi's https://www.youtube.com/c/MahyarTousi/about (YouTube channel). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Recently Tim Poole alluded to the so-called "shopping cart theory" of why self-governance is impossible. Specifically, because people can't even bother to take back the shopping cart when this is clearly the socially right thing to do, we can't hope to have a system relying on everyone's good nature. Bob explains what's wrong with this argument. Mentioned in the Episode and Other Links of Interest: The https://consultingbyrpm.com/blog/2020/11/adventures-in-pacifism-louie-ck-edition.html (blog post) for the "Adventures in Pacifism: Louis CK edition" contest. Ben Powell https://fee.org/resources/stateless-in-somalia-by-benjamin-powell/ (on Somalia). Bob's book https://mises.org/library/chaos-theory (Chaos Theory), his http://libertarianpapers.org/murphy-libertarian-law-military-defense/ (article on libertarian law and military defense), his lecture on the https://www.youtube.com/watch?v=hY5OYdGevAQ (market for security), and his lecture onhttps://youtu.be/VgpThFkZmbc ( military defense). The https://guides.loc.gov/federalist-papers/text-51-60 (Federalist No. 51). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Mario Rizzo is a professor in the Department of Economics at NYU--where he was Bob's dissertation chair. He talks about how he found the Austrian School and his own contributions to economics. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/XIoeKbOqGOs (YouTube version) of this interview. Mario Rizzo's https://as.nyu.edu/faculty/mario-rizzo.html (homepage). Mario's books https://www.amazon.com/gp/product/0415121205/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0415121205&linkId=43aff113f5491f8af4fb6ba51dad75b9 (The Economics of Time and Ignorance) (with Gerald O'Driscoll) and https://www.amazon.com/gp/product/1108760007/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1108760007&linkId=9b9e77d77b99f1e41a9e69456de2651f (Escaping Paternalism). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) Jeff Deist and Bob Murphy https://www.bobmurphyshow.com/episodes/ep-160-jeff-deist-on-the-character-and-contributions-of-henry-hazlitt/ (discuss Henry Hazlitt) on BMS ep. 160. https://www.researchgate.net/publication/254255537_The_economics_of_ignorance_or_ignorance_of_economics (Paul Davidson's review) of The Economics of Time & Ignorance. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Personal finance guru Dave Ramsey recently called IBC a scam on his popular show. Ramsey alleged that the dividends received from a mutual life insurance company were just deliberate overcharges to make the customer think he was earning a profit, even though it all came out of the customer's own pocket. Bob sets the record straight. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/V3_wL9bIfKc (YouTube version) of this episode (recommended!). The https://www.youtube.com/watch?reload=9&v=5MVUN0yGF80&feature=youtu.be (YouTube video) where Dave Ramsey calls IBC a "scam." An https://www.investopedia.com/articles/insurance/10/avoid-modified-endowment-contract-traps.asp (Investopedia article) explaining the history of cash-value life insurance and the Modified Endowment Contract (MEC) tax rules. Someone else's https://www.youtube.com/watch?reload=9&v=S98_eMax9xo (YouTube video) showcasing Dave's dismissal of Peter Schiff as an "idiot" and "kook." The https://infinitebanking.org/foundations/ ("Foundations of IBC" video series), put out by the Nelson Nash Institute. http://TheCaseForIBC.com (The Case for IBC) (authored by Nelson Nash, Carlos Lara, and Bob Murphy). A https://infinitebanking.org/finder/ (listing of graduates) of the IBC Practitioner Course. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Gad Saad is Professor of Marketing and holds the Concordia University Research Chair in Evolutionary Behavioral Sciences and Darwinian Consumption. He talks with Bob about his new book, The Parasitic Mind, and its relationship to the culture wars. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/7-Z_lmoHfvU (YouTube version) of this interview. Gad Saad's https://www.gadsaad.com/ (website). Saad's books https://www.amazon.com/gp/product/162157959X/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=162157959X&linkId=6367e9b4aaab8b1f3389c3d4dd1b1901 (The Parasitic Mind) and https://www.amazon.com/gp/product/080585150X/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=080585150X&linkId=a7f3a3d764842725211926597f5ee9c2 (The Evolutionary Basis of Consumption.) #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) Gavin de Becker's https://www.amazon.com/gp/product/0440226198/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0440226198&linkId=3b835c199856e56448273c4e5fb27ac3 (The Gift of Fear). #CommissionsEarned The famous https://www.youtube.com/watch?v=box0-koAuIY (honey badger video) (NSFW). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
First Bob explains his contest involving Adventures in Pacifism--winner gets 100 smackers. Then he explains the incredibly powerful, and surprisingly Austrian, result by which Kenneth Arrow showed it was impossible to coherently aggregate individual preferences into a social ranking. Mentioned in the Episode and Other Links of Interest: The blog post explaining the rules for the contest, https://consultingbyrpm.com/blog/2020/11/adventures-in-pacifism-louie-ck-edition.html (Adventures in Pacifism: Louie CK Edition.) http://libertyclassroom.com/dap/a/?a=351 (Bob's link) for those interested in joining Liberty Classroom. (If you use this link, the site will remember who sent you if you end up joining.) Bob's mises.org's https://mises.org/wire/arrows-impossibility-theorem-exposes-big-problem-democracy (article explaining Arrow's Theorem) in the context of the 2020 election. The https://www.bobmurphyshow.com/episodes/ep-7-godel-made-easy/ (Bob Murphy Show ep. 7), explaining Godel's Incompleteness Theorems. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Dan McCarthy, Editor at Large of The American Conservative, joins Bob to discuss his view that conservatives and libertarians should stop heaping contempt on democracy. McCarthy argues that the elites are the real threat to liberty, not the masses. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/M5bFSwHTIeY (YouTube version) of this interview. The homepages for https://isi.org/modern-age (Modern Age) and https://www.theamericanconservative.com/ (The American Conservative). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob explains a problem with arguments against mask mandates that claim vindication whether new case loads are very low or very high. He then points out that Biden's own expert on covid-19 was skeptical of mask mandates in a June 2020 podcast episode. Mentioned in the Episode and Other Links of Interest: Michael Osterholm's CIDRAP https://www.cidrap.umn.edu/covid-19/podcasts-webinars/special-ep-masks (episode). His March 2020 https://www.youtube.com/watch?v=E3URhJx0NSw&t=1s (appearance on Joe Rogan). https://mises.org/library/economists-can-be-hilarious (Bob's article) on funny defenses of the Efficient Market Hypothesis (EMH). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob was recently on Mark Connolly's "More Christ" podcast, out of Dublin. Bob fields questions about his faith, economics, and anarcho-capitalism. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/qIpRRekxFDY (YouTube version) of this interview. The https://www.youtube.com/channel/UCEPOn4cgvrrerg_-q_Ygw1A ("More Christ" podcast). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob laments the media's thought policing of discussion about voter fraud. However, Bob tests one particular claim alleging a "signature" of fraud and finds no smoking gun. Mentioned in the Episode and Other Links of Interest: The Washington Post map that Bob used to derive total votes by state for https://www.washingtonpost.com/elections/election-results/senate-2020/ (senator). Bob Murphy Show https://www.bobmurphyshow.com/episodes/ep-92-fbi-spying-and-the-gaslighting-of-america/ (ep. 92 on FBI spying) on the Trump campaign. https://www.instituteforenergyresearch.org/climate-change/using-ipcc-defeat-un-climate-agenda/ (Bob's analysis of the IPCC reports) showing that there is no "existential threat" to humanity from climate change. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
In a very philosophical episode, University of Rochester economist Steve Landsburg makes his pitch that mathematics is the reason there is something rather than nothing. Bob argues that this approach lacks one critical component: God. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/7HT9OXN5qdo (YouTube version) of this interview. Steve Landsburg's presentation, https://youtu.be/uN5kPP1ASUo ("Why Is There Something Instead of Nothing?") Steve Landsburg's books https://www.amazon.com/gp/product/1451651732/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1451651732&linkId=c9a699d969c6192efb87edfdc4f60e7a (The Armchair Economist) and https://www.amazon.com/gp/product/1328489868/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1328489868&linkId=054afd1aca8852cb9fd23cfd5021e656 (Can You Outsmart an Economist?) #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) Steve's http://www.thebigquestions.com/ (website). Steve's recent book for the Fraser Institute, https://www.fraserinstitute.org/studies/essential-milton-friedman (The Essential Milton Friedman). https://www.bobmurphyshow.com/episodes/ep-6-steve-landsburg-on-learning-economics-from-friedman-and-stigler/ (Steve's original appearance) on the Bob Murphy Show ep. 6. Bob https://www.bobmurphyshow.com/episodes/ep-7-godel-made-easy/ (explains Godel's Incompleteness Theorems) on BMS ep. 7. The https://tomwoods.com/no-youre-not-a-dummy-for-believing-in-god/ (Tom Woods Show episode) on one of Aquinas' arguments for the existence of God. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Mises Institute President Jeff Deist discusses the voluminous output of Henry Hazlitt as well as his role in helping Ludwig von Mises when he first came to the US. Jeff also explains the Institute's give-away offer for Hazlitt's classic work, Economics In One Lesson. Mentioned in the Episode and Other Links of Interest: The https://www.youtube.com/watch?v=dGPB2hvmnRU (YouTube version) of this interview. The link for the Mises Institute's https://mises.org/forms/get-your-free-economics-one-lesson-book (Hazlitt giveaway). Jeff Deist's original appearance on https://www.bobmurphyshow.com/episodes/ep-4-a-conversation-with-jeff-deist/ (BMS ep. 4). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Gregory Gordon joins Bob to discuss his recent Mises,org article on the Left vs. the Right and how it relates to libertarianism. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/VGpL3dTdNJY (YouTube version) of this interview. https://mises.org/wire/why-theres-left-right-divide-among-libertarians (Greg Gordon's Mises.org article) on the left -right divide in libertarianism. https://tomwoods.com/ep-1381-ive-been-wrong-about-right-and-left/ (Paul Gottfried on) the Tom Woods Show. https://www.bobmurphyshow.com/episodes/ep-77-rob-bradley-on-his-contributions-to-energy-economics/ (Rob Bradley on ep. 77) of the Bob Murphy Show. https://www.youtube.com/watch?v=ViGdjc08Vt4 (Jordan Peterson) on hierarchies. https://www.bobmurphyshow.com/episodes/ep-135-adrian-lee-oliver-on-police-abuse-and-the-pros-cons-of-blm/ (Adrian Lee Oliver on ep. 135) of the Bob Murphy Show. The https://www.google.com/search?source=univ&tbm=isch&q=2d+political+spectrum&sa=X&ved=2ahUKEwjC8r2TkODsAhUKTt8KHV5kAiUQjJkEegQICRAB&biw=1407&bih=692 (2d political spectrum). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Building on his discussion in episode 146, Bob uses an analogy with squares and rectangles to reconcile the Biblical epistles of Paul and James and their treatment of faith and works. Mentioned in the Episode and Other Links of Interest: BMS https://www.bobmurphyshow.com/episodes/ep-146-stating-and-defending-the-reformed-protestant-doctrine-of-salvation-through-faith-alone/ (ep. 146), stating and defending the Protestant doctrine of salvation through faith alone. Bob's https://youtu.be/l2RByG_vutE (debate with David Friedman) on method in economics. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Peter Schiff famously called the housing crash but thinks the real crash is still on the way. He talks with Bob about his background in the financial sector, and why the networks no longer book him for interviews. They also discuss minarchism vs. anarcho-capitalism, and Peter's decision to move to Puerto Rico. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/KivubGJjHtY (YouTube version) of this interview. https://www.schiffradio.com/books/ (The website) for Peter's books. Peter's books https://www.amazon.com/gp/product/0470043601/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0470043601&linkId=649fc1780ced1cbfe367aa40feaa8e72 (Crash Proof) and https://www.amazon.com/gp/product/1250046564/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1250046564&linkId=48528754674357598b5f449baa30726f (The Real Crash). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) The YouTube compilation, https://youtu.be/sgRGBNekFIw ("Peter Schiff Was Right.") Peter's https://www.youtube.com/channel/UCIjuLiLHdFxYtFmWlbTGQRQ (YouTube channel). The https://www.schiffradio.com/the-peter-schiff-show-podcast/ (Peter Schiff Show). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob unveils a new series in which he explains and then evaluates apparent contradictions in the way free-market libertarians handle certain issues. Mentioned in the Episode and Other Links of Interest: Bastiat's http://bastiat.org/en/petition.html ("Petition of the Candlemakers") Bob's https://mises.org/wire/3-good-things-about-price-gouging (article on price gouging). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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GMU economics professor Chris Coyne explains how US militarism abroad ends up violating civil liberties on the home front. They also discuss the contributions of James Buchanan that should interest Austrian economists. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/N1v3Sw3qXjI (YouTube version) of this interview. Chris Coyne's https://www.ccoyne.com/ (webpage) and his book https://www.amazon.com/gp/product/1503605272/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1503605272&linkId=5a970a7bec69db7836bf69f1a7e09b73 (Tyranny Comes Home). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) The https://oll.libertyfund.org/titles/buchanan-l-s-e-essays-on-cost (LSE essays on cost )(edited by Buchanan). Tom DiLorenzo https://mises.org/library/competition-and-political-entrepreneurship-austrian-insights-public-choice-theory (article on Public Choice). https://mises.org/library/toward-reconstruction-utility-and-welfare-economics-1 (Rothbard's essay) on reconstructing utility and welfare economics, his https://mises.org/library/praxeology-reply-mr-schuller (reply to Schuller) on praxeology, and his essay on https://mises.org/library/world-war-i-fulfillment-power-and-intellectuals-2 (Progressivism and WW1). Bob's https://mises.org/library/chaos-theory (booklet on market anarchy) and essay http://libertarianpapers.org/murphy-libertarian-law-military-defense/ (on private defense). Bob Murphy Show ep. 102 https://www.bobmurphyshow.com/episodes/ep-102-deeper-analysis-of-the-grievance-studies-hoax/ (on the Grievance Studies hoax). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Bob offers his commentary on the movies "The Hunt" and "The Purge"--both produced by Blumhouse Productions--and focuses on whether The Purge storyline offers a challenge to Rothbard's depiction of anarcho-capitalism. Mentioned in the Episode and Other Links of Interest: A https://www.nationalreview.com/corner/pro-trump-movie-cancelled-thanks-to-trump/ (National Review article) arguing Donald Trump botched his reaction to "Red State, Blue State." http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Mark Brennan has had an interesting career, working on Wall Street and seeing the coming housing bust and then getting his PhD to become a college professor on business ethics. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/BQNVhxGgrS8 (YouTube version) of this interview. Mark Brennan's https://www.stern.nyu.edu/faculty/bio/mark-brennan (NYU page). Bob's book (co-authored with Doug McGuff) https://www.amazon.com/gp/product/1939563097/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1939563097&linkId=869e4ebbf3abf50d573e055a81ec1f22 (The Primal Prescription). #CommissionsEarned. (As an Amazon Associate I earn from qualifying purchases.) https://www.nytimes.com/1970/09/13/archives/a-friedman-doctrine-the-social-responsibility-of-business-is-to.html (Friedman) on corporate philanthropy. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Bob lays out the grim news: there is a coming age of darkness, with economic and political turmoil that leads to large-scale violence. Yet he also explains that after the chaos, out of the rubble will emerge a new class of artists, poets, and creators who will constitute the new renaissance. Mentioned in the Episode and Other Links of Interest: The cringeworthy https://www.youtube.com/watch?v=H2vCAjImJJ0 (Jimmy Kimmel Emmy skit). Information (including the wolf-in-sheep's-clothing coat of arms) about https://en.wikipedia.org/wiki/Fabian_Society (the Fabian Society). https://www.thestreet.com/mishtalk/economics/the-fed-now-owns-nearly-one-third-of-all-us-mortgages?fbclid=IwAR1Uj_OP1Y44OFCxyzN8ojVDQqFNBvnQX8agYQM7bx_RpmMrYPW8m8172Fk (Mish says) Fed owns almost 1/3 of mortgages. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Libertarian writer David Ramsay Steele joins Bob for a fun tour of some essays from his collection, The Mystery of Fascism. Mentioned in the Episode and Other Links of Interest: The https://www.youtube.com/watch?v=zWyNmorCtPk (YouTube version) of this interview. David Ramsay Steele's books https://www.amazon.com/gp/product/1587315297/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1587315297&linkId=0aab164873b421045f177337d81fe740 (The Mystery of Fascism) and https://www.amazon.com/gp/product/0875484492/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0875484492&linkId=dbd7d162d408d69d903aa8f5166cbc13 (From Marx to Mises). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) http://econfaculty.gmu.edu/bcaplan/pdfs/szasz.pdf (Bryan Caplan's article) endorsing the Thomas Szasz approach to mental illness. Comedian https://www.youtube.com/watch?v=1LcvNM7oc7k (Bill Hicks on the JFK assassination). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob reads from an article recently tweeted out by the NEA, which calls for an end to schooling as we know it in order to promote anti-racism. He then discusses what the Fed has been up to since the coronavirus panic began. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/j7RkijJ3a4o (YouTube version) of this episode (with lots of visuals). Karlyn Borysenko's https://www.youtube.com/watch?v=HobnmYzdJgc (YouTube episode) on the NEA tweet. Jamilah Pitts' https://www.tolerance.org/magazine/what-antiracism-really-means-for-educators (article on school transformation). https://www.stlouisfed.org/~/media/publications/regional-economist/2015/october/presidents_message.pdf (Fed article) talking about dividend payments to member banks. https://fred.stlouisfed.org/series/WALCL#0 (Total assets) of the Federal Reserve System. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Monetary economist George Selgin agrees with Bob on the flaws with MMT, but then the two continue their debate (started at the Soho Forum) on fractional reserve free banking. The episode also includes George's background and thoughts on Bitcoin. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/JR7NJohZo-k (YouTube version) of this interview. George's monograph https://mises.org/library/praxeology-and-understanding-analysis-controversy-austrian-economics-0 (Praxeology and Understanding). Mises' book https://mises.org/library/theory-and-history-interpretation-social-and-economic-evolution (Theory and History). Bob's https://qjae.scholasticahq.com/article/17385-book-review-the-deficit-myth-modern-monetary-theory-and-the-birth-of-the-people-s-economy (review of MMT). George and Bob https://youtu.be/UDLCa7maGZA (debate at the Soho Forum). https://mises.org/library/defense-fiduciary-media%E2%80%94or-we-are-not-devolutionists-we-are-misesians (George's article) (co-authored with Larry White) defending fractional reserve free banking. https://mises.org/library/more-quibbles-problems-theory-and-history-fractional-reserve-free-banking (Bob's recent QJAE contribution) to the debate. George's articles at Alt-M on https://www.alt-m.org/2019/02/12/bob-murphy-on-free-banking-in-canada/ (Canadian free banking), and 3 devoted to Scotland: https://www.alt-m.org/2018/10/09/scottish-banks-and-the-bank-restriction-1797-1821-part-1/ (one), https://www.alt-m.org/2018/10/31/scottish-banks-and-the-bank-restriction-1797-1821-part-2/ (two), and https://www.alt-m.org/2018/11/13/scottish-banks-and-the-bank-restriction-1797-1821-part-3/ (three). George's https://www.cato.org/multimedia/media-highlights-tv/george-selgin-discusses-cryptocurrency-monetary-economics-coinspice (interview on crytopcurrency). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Former Military Intelligence Sergeant Donnie Gebert returns to the show, this time to explain some of the major elements of his new book, The Art of War 2020. Gebert draws on his eclectic background to give techniques for navigating the modern world. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/GFO2WuBVyug (YouTube version) of this interview. Donnie Gebert's https://d1b53378-eddc-4cfa-ac61-3ddc73673bce.filesusr.com/ugd/a273c4_a0abce7883f04f47a1fd2431cfbd838c.pdf (The Art of War, 2020 (pdf)). Donnie's original appearance on Bhttps://www.bobmurphyshow.com/episodes/ep-42-former-military-intelligence-officer-donnie-gebert/ (MS ep 42). Daily Show http://www.cc.com/video-clips/in35c7/the-daily-show-with-jon-stewart-indecision-2012---corn-polled-edition---ron-paul---the-top-tier (bit on Ron Paul). SNL bit https://www.youtube.com/watch?v=O48Ey0umQVs (poking fun at Ross Perot). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Richard Ebeling is the BB&T Distinguished Professor of Ethics and Free Enterprise Leadership at The Citadel. (He was also a professor at Hillsdale College, where he taught Bob Murphy.) As a master of the history of economic thought, as well as a personal participant in some of the major events, Richard recounts to Bob some of the important history of the Austrian School in the 20th century. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/evdrfdoEc24 (YouTube version) of this interview. Richard Ebeling's https://www.aier.org/article/paul-krugmans-ad-hominem-defense-of-central-banking/ (AIER essay on Krugman). Richard's https://mises.org/library/interview-gls-shackle (interview with G.L.S. Shackle). Richard's book https://www.amazon.com/gp/product/163069178X/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=163069178X&linkId=0b6c786e79e4a3cf111d3f768ff327ff (For a New Liberalism). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob uses both Bible texts and intuitive arguments to state and explain the controversial Reformed Protestant doctrine that a person is saved not through good works, but by believing in Jesus. Mentioned in the Episode and Other Links of Interest: A https://www.openbible.info/topics/justification_by_faith_alone (compilation of verses) on the topic of justification by faith alone. The various Bible chapters Bob referenced: John https://www.biblegateway.com/passage/?search=john+3&version=ESV (chapter 3), John https://www.biblegateway.com/passage/?search=jn+6&version=ESV (chapter 6), and James https://www.biblegateway.com/passage/?search=james+2&version=ESV (chapter 2). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Dr. Michael Rectenwald was a professor of liberal studies at NYU from 2008 to 2019. Although at one point he was a committed Marxist, he gradually lost faith, and is now an outspoken critic of campus activists. Bob asks Rectenwald about apparent contradictions in the current cultural Marxist / postmodern movement, and they discuss several themes from his new book, Beyond Woke. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/rOOl77zunvs (YouTube version) of this interview. Michael Rectenwald's https://www.michaelrectenwald.com/ (website). Michael Rectenwald's books https://www.amazon.com/gp/product/1943003378/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1943003378&linkId=66a5f8cb9a4310412f2c06351a5fd937 (Beyond Woke) and https://www.amazon.com/gp/product/1943003181/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1943003181&linkId=794412e555abf3962009d5f0ac46059a (Springtime for Snowflakes). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) Michael's https://mises.org/library/libertarianisms-versus-postmodernism-and-social-justice-ideology (lecture on postmodernism) at the Mises Institute. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
For the LP Mises Caucus, Bob received a slew of questions to be answered in a half hour. The topics range from business cycle to free trade to a "voluntary" State. Mentioned in the Episode and Other Links of Interest: The https://www.youtube.com/watch?v=I2H3vC1tbjk (YouTube version) of this episode. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Eric July is the front man for the street-hop/metalcore group Backwordz. He discusses his personal odyssey in navigating the leftist metal scene. Bob then asks Eric about another of his major interests, comic books. Mentioned in the Episode and Other Links of Interest: Eric July's https://www.ericdjuly.com/ (homepage). The https://www.backwordzmusic.com/ (website for Backwordz). Eric's https://www.youtube.com/watch?v=4p9zidEUqiw (YouTube review of Captain Marvel). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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In the Ron Howard movie "A Beautiful Mind," Russell Crowe plays John Nash, a major figure in game theory. Although it was a good movie, it totally misconstrues Nash's doctoral dissertation and how it fit into the pre-existing literature. In this episode, Bob sets the record straight. Mentioned in the Episode and Other Links of Interest: John Nash's https://library.princeton.edu/special-collections/sites/default/files/Non-Cooperative_Games_Nash.pdf (doctoral dissertation). http://www.libertyclassroom.com/dap/a/?a=351 (Bob's link for Liberty Classroom). (If you click this link and then register, the site will know you came from me.) https://www.amazon.com/gp/product/1451628420/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1451628420&linkId=a784abcddc0871f0107bf3f7a20e2dbb (Sylvia Nasar's book) that inspired the Ron Howard movie about Nash. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) A https://en.wikipedia.org/wiki/Allais_paradox#:~:text=The%20Allais%20paradox%20is%20a,predictions%20of%20expected%20utility%20theory. (good explanation of the Allais Paradox) (which shows limits of expected utility theory). https://www.bobmurphyshow.com/episodes/ep-96-why-i-am-still-an-austrian-economist-my-response-to-caplan/ (Bob Murphy Show ep. 96), which starts with critique of use of game theory. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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DC execs think Superman is "too perfect" to resonate with modern audiences, but Dan Sanchez profoundly disagrees. He and Bob discuss this issue and other topics in the intersection of politics & superhero movies. Mentioned in the Episode and Other Links of Interest: Dan Sanchez's https://fee.org/articles/how-to-make-superman-relevant/ (FEE article). Bob's https://www.bobmurphyshow.com/episodes/ep-72-dan-sanchez-on-how-jordan-peterson-could-help-the-joker/ (previous interview) with Dan on the Joker. The https://twitter.com/ScottGustin/status/1247364405597220865 (Captain America clip). Bob's article https://mises.org/library/superman-needs-agent (Superman Needs an Agent). Jordan Peterson https://www.youtube.com/watch?v=44f3mxcsI50 (on Cain and Abel). Some Supes clips mentioned: https://www.youtube.com/watch?v=OzuFdPjJNT0 (one), https://www.youtube.com/watch?v=HvCpSfkNrms (two), https://www.youtube.com/watch?v=NRYvrDdntjA (three), and https://www.youtube.com/watch?v=u3tC8TPh9oQ (four). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob explains some of the highlights of his newly released chapter for the Mises Institute book on "Understanding Money Mechanics." He explains the operation of the classical gold standard, as well as some of the issues of U.S. bimetallism during the 1800s. Mentioned in the Episode and Other Links of Interest: https://mises.org/wire/brief-history-gold-standard-focus-united-states (Bob's new essay) on the gold standard. Bob's https://www.amazon.com/gp/product/1596985046/ref=as_li_tl?ie=UTF8&tag=consultingbyr-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=1596985046&linkId=dbbf72c79c5cb361054e33c6efde8334 (book on capitalism). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) Bob on the https://fee.org/articles/the-depression-youve-never-heard-of-1920-1921/ (1920-1921 Depression). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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George Reisman is economics professor emeritus at Pepperdine University. He is one of the few people to get his PhD under Mises. After sharing anecdotes about Mises and Rand, he discusses his contributions to economic theory. In particular, George argues that profits, not wages, are the original form of income. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/agRiT2UEmFI (YouTube version) of this interview. George Reisman's http://www.georgereisman.com/ (website) and http://www.capitalism.net/ (Capitalism.net), and his https://twitter.com/GGReisman (Twitter account). Reisman's book https://www.amazon.com/gp/product/0915463733/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0915463733&linkId=49c29e6c33dfa84b33074dc31f420f48 (Capitalism). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) Reisman's https://cdn.mises.org/qjae5_3_4.pdf (Notes on his translation) of Bohm-Bawerk on value theory. https://www.capitalism.net/Jamesmil.pdf (Reisman on James Mill) and Say's Law. Israel https://link.springer.com/article/10.1023%2FA%3A1007769511271 (Kirzner's review) of Capitalism. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Bob first observes that the Left (institutionally) hates Christianity, and that standard explanations, such as its alleged bigotry, don't explain why the Left gives Islam a pass. Christianity stands in the way of the Leftist agenda. Moreover, if the Devil exists, he would favor not just the "false religion" of environmentalism and Marxism, but also postmodernism, for Jesus is the Logos. Ultimately, the gospel reconciles God and man, which is not what the Devil wants. Mentioned in the Episode and Other Links of Interest: An example of https://twitter.com/ConceptualJames/status/1293554323109097473 (James Lindsay arguing about 2+2=5) on Twitter. A Mises University https://www.youtube.com/watch?v=_rafqQsjjVQ (presentation on Antonio Gramsci). The https://www.snopes.com/fact-check/saul-alinsky-dedicated-rules-for-radicals-to-lucifer/ (Snopes article) "debunking" claim that Saul Alinsky dedicated his book to Lucifer. Wikipedia https://en.wikipedia.org/wiki/Logos_(Christianity)#:~:text=e-,In%20the%20beginning%20was%20the%20Word%2C%20and%20the%20Word%20was,that%20has%20been%20made%20.%20.%20.&text=The%20Gospel%20of%20John%20begins,and%20the%20Logos%20as%20divine. (entry on "Logos") in Christology context. RC https://www.youtube.com/watch?v=zNZ-vnkJelI (Sproul on "Logos.") https://www.youtube.com/watch?v=Iy-fHhX3c4c (John Piper on the opening) of the gospel of John. https://www.bobmurphyshow.com/episodes/ep-133-bob-murphy-debates-thaddeus-russell-on-postmodernism-as-foundation-for-liberty/ (Bob's debate (ep. 133) with Thaddeus Russell) on postmodernism as a foundation for liberty. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Tom DiLorenzo is a Senior Fellow with the Mises Institute who has written several books critical of Lincoln. His latest is "The Problem With Lincoln." Bob asks Tom about his early career in economics, and then they discuss the various ways in which Abe Lincoln was actually a horrible president. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/jbrD0eS9kAc (YouTube version) of this interview. Tom DiLorenzo's books https://www.amazon.com/gp/product/168451018X/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=168451018X&linkId=73f2c263458667bae2ae0e5b1c755b90 (The Problem With Lincoln) and https://www.amazon.com/gp/product/0761526463/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0761526463&linkId=d86bbe9fab9962955fa985a4089f9690 (The Real Lincoln), and with Jim Bennett https://www.amazon.com/gp/product/B07952MYJD/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=B07952MYJD&linkId=89c4c5d82fecf4431553e577e134e26a (The Food and Drink Police). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) BMS https://www.bobmurphyshow.com/episodes/ep-71-mark-thornton-on-how-government-propped-up-slavery/ (ep. 71) with Mark Thornton, and https://www.bobmurphyshow.com/episodes/ep-81-jeffrey-rogers-hummel-on-the-economics-of-slavery-and-why-the-south-lost/ (ep. 81) with Jeffrey Rogers Hummel, both on the economics of slavery. https://www.jstor.org/stable/1812030?seq=1 (Tom's 1982 article (with Jim Bennett)) in the American Economic Review. https://mises.org/library/just-war (Rothbard on "just war") theory. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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As a follow-up to his discussion on MMT with Rohan Grey (in ep. 130), Bob goes solo to explain the basic cash balance framework for thinking about money, inflation, and debt. Specifically, Bob will explain why he thinks it's far more important to know how the government finances a deficit rather than knowing what it spends the money on. Mentioned in the Episode and Other Links of Interest: BMS https://www.bobmurphyshow.com/episodes/ep-130-rohan-grey-deep-dive-mmt/ (ep. 130) with Rohan Grey. Bob's infamous inflation bet: https://consultingbyrpm.com/blog/2013/01/learning-from-brad-delong-and-paul-krugman.html (response to Krugman/DeLong) and his explanation years later https://reason.com/2014/11/30/whatever-happened-to-inflation/ (for reason.com). https://mises.org/wire/fallacy-equation-exchange (Rothbard's critique) of the "equation of exchange," MV=PQ. Bob’s https://mises.org/library/more-quibbles-problems-theory-and-history-fractional-reserve-free-banking (QJAE article) on the economics of fractional reserve banking. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Adrian Lee Oliver wrote a Twitter thread on the BLM protests and how they are contributing to racial polarization. The thread took off, leading to Adrian's appearance on Benjamin Boyce's podcast. Bob wanted his own listeners to hear Adrian's personal story of police brutality along with his critique of today's "anti-racism" campaign. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/gSNKsPztX1o (YouTube version) of this interview. Adrian Lee Oliver's https://twitter.com/AdrianLeeOliver/status/1277349095766724613 (original Twitter thread) that brought him attention. Adrian's https://youtu.be/jZ7FRmLiWDQ (appearance on Benjamin Boyce's) podcast. Bob's https://www.bobmurphyshow.com/episodes/ep-133-bob-murphy-debates-thaddeus-russell-on-postmodernism-as-foundation-for-liberty/ (debate on postmodernism) with Thaddeus Russell. Helen https://www.youtube.com/watch?v=9sUkmBX8jUE (Pluckrose and James Lindsay) on Thaddeus' podcast. Academic https://www.psychologicalscience.org/observer/the-bias-beneath-two-decades-of-measuring-implicit-associations (literature) on "implicit bias." An https://www.skeptic.com/reading_room/are-you-an-unconscious-racist/ (article showing the concept) in today's usage. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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David Friedman is one of the pioneering theorists of anarcho-capitalism, as laid out in his book The Machinery of Freedom. In this free-wheeling discussion, he discusses physics versus economics, the work of Ronald Coase, his dad's view of anarchism, and what happened to the SlateStarCodex site. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/2FpfJregAP4 (YouTube version) of this interview. David Friedman's http://www.daviddfriedman.com/ (homepage). David's book The Machinery of Freedom. Heinlein's classic https://www.amazon.com/gp/product/0440001358/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0440001358&linkId=1db78a9e3317d8baffff007849362ad5 (The Moon Is a Harsh Mistress). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) https://youtu.be/l2RByG_vutE (David debates Bob at Porcfest) on Austrian vs. Chicago School methodology in economics. One of Walter Block's https://mest.meste.org/MEST_1_2019/13_17.pdf (essays on hanging from an apartment flagpole). The website https://slatestarcodex.com/ (SlateStarCodex). The post Bob mentioned, https://slatestarcodex.com/2016/11/16/you-are-still-crying-wolf/ ("You Are Still Crying Wolf,") which defended Trump from accusations of racism. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Thaddeus Russell, creator of Renegade University, has been arguing that libertarians should embrace postmodernism as their philosophical foundation, rather than blame it for today's "social justice warriors" as Jordan Peterson has done. Bob profoundly disagrees, arguing that the Judeo-Christian notions of truth and morality are a much better foundation. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/ibUS9uNMFeU (YouTube version) of this interview. The homepage for http://www.thaddeusrussell.com/ (Thaddeus Russell) and YouTube account of his https://www.youtube.com/user/thaddeusrussell (Unregistered podcast). Thaddeus' book https://www.amazon.com/gp/product/1416576134/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1416576134&linkId=acc954ee4b3e55f4a44402d7d95f3d50 (A Renegade History of the United States). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) Thaddeus' https://youtu.be/Qb9Eajt0KVA (SoHo Forum debate) against Stephen Hicks. The https://youtu.be/xfO1veFs6Ho (full clip on college students) and identity, and Thad arguing gender identity https://youtu.be/6Wz25ljfpA0 (with Joe Rogan). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Scott Beyer is the author of the Market Urbanism Report, which applies free market economic principles to urban issues, such as traffic congestion and housing affordability. Bob asks about these topics while bringing up obvious objections from the man on the street. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/V0CGTKbAR0A (YouTube version) of this interview. The https://marketurbanismreport.com/ (Market Urbanism Report) website and the https://www.facebook.com/groups/marketurbanismreport/ (Facebook group). Jane Jacobs' classic book, https://www.amazon.com/gp/product/B01HWKSBDI/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=B01HWKSBDI&linkId=5c367cd41126072297fd9b66f953b714 (The Death and Life of Great American Cities). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) Bob’s book https://www.amazon.com/gp/product/1596985046/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1596985046&linkId=0e45221d15dd9eef81cdf3c7754d81a9 (The Politically Incorrect Guide to Capitalism). #CommissionsEarned Walter Block's https://www.amazon.com/gp/product/B0167IT23E/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=B0167IT23E&linkId=f8b4493a783d94b9e0853f6e7e0db27a (book on roads). #CommissionsEarned http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Brett Venoitte is host of the School Sucks podcast. After explaining his background in education, Brett explains how Horace Mann drew from authoritarian Prussian in designing public education in the US. He and Bob then discuss the competing experts in the debate over the coronavirus. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/0z0h3gNuRmY (YouTube version) of this interview. The https://schoolsucksproject.com/ (School Sucks Project) website. Brett's video https://youtu.be/okPnDZ1Txlo ("The American Way") on US education and Nazi Germany. The Harper's https://harpers.org/a-letter-on-justice-and-open-debate/ (Open Letter) on cancel culture that caused such controversy. Bob's https://fee.org/articles/the-origins-of-the-public-school/ (undergrad essay for FEE) on the roots of the US public school system. Bob's https://youtu.be/1USrosTkJhM?t=1905 (Porcfest routine) which featured impressions, including one of Wheels Off Liberty. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
In a very comprehensive discussion, Bob talks with Rohan Grey, Assistant Prof. of Law at Willamette University. Rohan is an expert on the history of US fiscal and monetary legislation, as well as Modern Monetary Theory (MMT). Mentioned in the Episode and Other Links of Interest: The https://youtu.be/piQBTy6R0VA (YouTube version) of this interview. Rohan Grey's https://rohangrey.net/files/rgcv.pdf (CV), and https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3536440 (his paper) on the history of US coinage. https://www.youtube.com/watch?v=NUYcJGoZOYs&list=PLpiy5P1nIhVJDJMxYKgioSLkEddtP2895&index=5 (Rohan's presentation on money) as a creature of the law, not the State. http://www.cc.com/video-clips/8tl067/the-daily-show-with-jon-stewart-paul-krugman---the-trillion-dollar-coin (Jon Stewart rips Paul Krugman) on the trillion dollar platinum coin. Bob’s https://mises.org/wire/review-stephanie-keltons-deficit-myth (original book review) at Mises.org of Stephanie Kelton's book on MMT. George Selgin's https://www.alt-m.org/2019/03/05/on-empty-purses-and-mmt-rhetoric/ (response), which in turn prompted https://nathantankus.substack.com/p/the-federal-government-always-money (this post from Nathan Tankus). Kelton’s book, https://www.amazon.com/gp/product/1541736184/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1541736184&linkId=f3aaf3d6766c74dd87e0957bf844203d (The Deficit Myth). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) https://mises.org/library/upside-down-world-mmt (Bob’s older critique) of an MMT accounting argument. Bob Murphy Show https://www.bobmurphyshow.com/episodes/ep-18-warren-mosler-defends-the-essential-insights/ (ep. 18), interview with Warren Mosler. Bob's https://mises.org/library/more-quibbles-problems-theory-and-history-fractional-reserve-free-banking (critique of fractional reserve banking). https://www.youtube.com/watch?v=V1rVXbAxLsE (Bob on Bob Higgs on World War 2) (a portion of the presentation). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Pointing to a recent Twitter thread from a progressive detailing his white male cisness, Bob shows how narrow the focus is on only particular "privileges" and not others. More generally, the effort to demonize white men is causing young people great harm, whether white or otherwise. The movement is based on power politics and relies on economic ignorance. Mentioned in the Episode and Other Links of Interest: Nathan https://twitter.com/NathanTankus/status/1278777095670370304 (Tankus' twitter thread) on his privileges. https://www.cbssports.com/soccer/news/a-dallas-fc-under-15-boys-squad-beat-the-u-s-womens-national-team-in-a-scrimmage/ (News story) on US national women's soccer team losing to U15 boys. Bob Murphy Show episodes covering the economics of slavery: https://www.bobmurphyshow.com/episodes/ep-71-mark-thornton-on-how-government-propped-up-slavery/ (71) with Mark Thornton and https://www.bobmurphyshow.com/episodes/ep-81-jeffrey-rogers-hummel-on-the-economics-of-slavery-and-why-the-south-lost/ (81) with Jeffrey Rogers Hummel. Walter Block's http://www.walterblock.com/wp-content/uploads/publications/reparations_slavery.pdf (paper on reparations for slavery). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob wrote a lengthy review of Stephanie Kelton's new book on MMT, The Deficit Myth, for the Mises Institute. In this episode he narrates his review. Mentioned in the Episode and Other Links of Interest: Bob's https://mises.org/wire/review-stephanie-keltons-deficit-myth (original book review) at Mises.org. Kelton's book, https://www.amazon.com/gp/product/1541736184/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1541736184&linkId=f3aaf3d6766c74dd87e0957bf844203d (The Deficit Myth). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) https://mises.org/library/upside-down-world-mmt (Bob's older critique) of an MMT accounting argument. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Michael Hardin is a theologian with a radical message of Jesus' forgiveness and peace. He and Bob have a lively and deep discussion on the true meaning of the gospel and how today's Christians often misunderstand it. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/FhEHKeba6vI (YouTube version) of this interview. Michael Hardin's website https://preachingpeace.org/ (Preaching Peace). Michael Hardin's book https://www.amazon.com/Knowing-God-Consumer-Christianity-Gospel/dp/1532683898/ref=sr_1_1?crid=103UQE4BLIRM6&dchild=1&keywords=knowing+god+consumer+christianity+and+the+gospel+of+jesus&qid=1593980575&sprefix=knowing+god+consumer+%2Caps%2C150&sr=8-1 (Knowing God?: Consumer Christianity and the Gospel of Jesus). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Keith Knight walks Bob through a meticulous critique of Krugman's new book on Arguing With Zombies. Topics include the babysitter co-op, the deregulation that allegedly caused the housing bubble, and the tax rates of the 1950s. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/8zPVZzqfoHg (YouTube version) of this interview. Krugman's latest book, https://www.amazon.com/gp/product/1324005017/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1324005017&linkId=0b841da0fed62d510d4d9e45c6fc7e9e (Arguing With Zombies.) #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) Keith Knight's https://www.youtube.com/channel/UC8ewiXhsWfnBENJQLCIxRIQ (YouTube channel). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Austrian economist and Mises Institute Fellow Mateusz Machaj discusses two of his books. The first is a technical work explaining how the Austrian structure of production concept can help resolve puzzles in economics. Machaj's second book analyzes the political philosophy behind the Star Wars prequels. This episode contains deep insights that will inform even advanced students of both economic theory and the Star Wars universe. Mentioned in the Episode and Other Links of Interest: The YouTube version of this interview: https://www.youtube.com/watch?v=zMLV-2UeBKM (Part 1) on structure of production and https://www.youtube.com/watch?v=6rdpE5ckAQQ (Part 2) on Star Wars. Matt's https://www.amazon.com/gp/product/B0789NB26X/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=B0789NB26X&linkId=9f25de7294976234d6d1ddaa6f905c02 (book on capital theory) and his https://www.amazon.com/gp/product/1981172602/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1981172602&linkId=15012257c073f40f519b41d1eeade85c (book on Star Wars). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) Bob’s https://consultingbyrpm.com/blog/2011/10/paul-samuelson-correspondence-regarding-my-papers-on-capital-interest-theory.html (referee reports from Paul Samuelson). https://mises.org/library/reswitching-question (Bob's article) explaining "reswitching." Krugman on https://consultingbyrpm.com/blog/2013/11/krugman-whether-potential-gdp-is-up-down-or-sideways-its-more-evidence-that-im-right.html (potential GDP flip-flop). Mace Windu, https://www.youtube.com/watch?v=ZJoJWQapVQo (vigilante). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob first discusses the theory of transferring police services away from the government and to the private community. Then he interviews Whitney Davis, a Rothbardian with a history of libertarian activism, who is a Seattle resident and happens to live down the street from the Capitol Hill Autonomous Zone (CHAZ). Mentioned in the Episode and Other Links of Interest: The https://www.youtube.com/watch?v=ciU1EVi36OY&feature=youtu.be (YouTube version) of this interview. Bob's booklet https://mises.org/library/chaos-theory (Chaos Theory: Two Essays on Market Anarchy). https://youtu.be/XSeYEz67Se4 (Bob's lecture) on private law and defense. Ben Powell https://fee.org/resources/stateless-in-somalia-by-benjamin-powell/ (essay on Somalia). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Bob explains some of the basic--but crucial--errors in the cost/benefit analyses that have been offered by economists to justify the political lockdowns issued in light of the coronavirus. Specifically, economists have conflated voluntary physical distancing with coerced lockdowns, and they are also misusing the concept of a Value of a Statistical Life (VSL). Mentioned in the Episode and Other Links of Interest: Some papers/articles on the Value of a Statistical Life (VSL) concept: https://www.nber.org/papers/w9487.pdf (one), https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3561934 (two), and https://promarket.org/2020/03/13/captured-western-governments-are-failing-the-coronavirus-test/ (three). Paul Krugman's https://www.nytimes.com/2020/05/28/opinion/coronavirus-economy-death.html (column) using VSL to justify lockdowns. David R. Henderson's https://www.econlib.org/the-vsl-quandary/ (critique of Zingales). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Alex Salter is an economist with the Free Market Institute at Texas Tech University. Bob asks him about his recent article (with Vincent Geloso) criticizing "state capacity" as an explanation for economic development. Along the way, they also discuss the historical record and its challenge to modern-day anarchists. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/8y_O6dX5o1E (YouTube version) of this interview. Alex Salter's https://www.awsalter.com/ (website) and his https://twitter.com/alexwsalter (twitter account). Alex and Vincent Geloso's https://www.aier.org/article/state-capacity-economic-growth-and-reverse-causality/ (article on State Capacity). Ben Powell et al. on http://www.benjaminwpowell.com/scholarly-publications/journal-articles/somalia-after-state-collapse.pdf (Somalia after state collapse). Two of Alex's recent articles on the Fed: https://www.aier.org/article/how-the-feds-covid-19-response-undermines-federalism/ (one) and https://www.aier.org/article/the-fed-wants-to-become-a-financial-central-planner/ (two). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Libertarians know Michael Boldin as the founder of the Tenth Amendment Center, but he started out as a leftist promoting clubs in LA and other major cities. In this fun conversation, Michael explains his origins and how he ended up advising state governments on how to kick the NSA out of their backyard. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/fpPaeiWAa2g (YouTube version) of this interview. The https://tenthamendmentcenter.com/ (Tenth Amendment Center) homepage. The https://tenthamendmentcenter.com/report/ (Tenth Amendment Center's report) on the State of the Nullification Movement. Bob's promotional video, https://www.youtube.com/watch?v=7w2xXOQY-NY ("Stoke the Fear.") http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
The editors of the Babylon Bee have a podcast, and they invited Bob on to discuss the economic situation. Then they asked a series of fun questions, against the backdrop of their shared Christianity. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/v30mEtk2npw (YouTube version) of this interview. The https://babylonbee.com/ (Babylon Bee) main page. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Guido Hulsmann is a Senior Fellow with the Mises Institute and professor of economics at the University of Angers in France. He first discusses his article protesting the covid-19 lockdown in France. The conversation then turns to Guido's biography of Ludwig von Mises. The final segment of the episode is devoted to Guido's novel theory of interest, which rejects the standard pure time preference theory. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/CSLCLVEN9Yk (YouTube version) of this interview. Guido Hulsmann's http://guidohulsmann.com/pdf/JGH_CV.pdf (CV). Guido's essay, https://www.lewrockwell.com/2020/04/jrg-guido-hlsmann/a-protest-from-france/ ("A Protest from France.") Guido's 2002 https://mises.org/library/theory-interest-0 (QJAE article, "A Theory of Interest.") Guido's biography of https://mises.org/library/mises-last-knight-liberalism-0 (Mises: The Last Knight of Liberalism). The time https://en.wikipedia.org/wiki/The_Berlin_Batman (Batman saved the Mises files )from the Nazis (really). Bob's https://www.bobmurphyshow.com/episodes/ep-31-capital-and-interest-in-the-austrian-tradition-part-3-of-3/ (3-part series) on interest theory in the Austrian tradition. https://lara-murphy.com/lara-murphy-report/ (Sample issues) of the Lara-Murphy Report. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Mentioned in the Episode and Other Links of Interest: The https://youtu.be/-Oada5-PV-Y (YouTube version) of this interview. David R. Henderson's https://www.hoover.org/research/anti-stimulus-bill (Hoover article on the "anti-stimulus" bill.) David's https://www.bobmurphyshow.com/episodes/ep-8-david-r-henderson-on-working-in-the-reagan-administration/ (past appearance) on the Bob Murphy Show. David's https://reason.com/video/should-the-coronavirus-lockdowns-end-immediately-a-soho-forum-debate/ (Soho Forum debate) (against Justin Wolfers) on the lockdown. A https://www.montereyherald.com/2020/05/01/photos-protesters-take-to-monterey-for-demonstration-against-californias-coronavirus-shutdown/ (news article on the protest) David helped organize. https://lara-murphy.com/lara-murphy-report/ (Sample issues) of the Lara-Murphy Report. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob tackles some Keynesian / MMT fallacies that have resurfaced in light of the response to the coronavirus. In particular, he responds to Larry Summers who viewed the lockdown as being akin to workers staying home over the weekend, and then to Neil Irwin on Twitter, who approvingly retweeted a thread arguing that it was mathematically impossible for state governments to have saved ahead of time in preparation. Mentioned in the Episode and Other Links of Interest: Bob's https://mises.org/wire/why-current-unemployment-worse-great-depression (article), "Why the Current Unemployment Is Worse than the Great Depression." https://twitter.com/Neil_Irwin/status/1253365410759610369 (Neil Irwin's tweet), praising the https://twitter.com/IrvingSwisher/status/1253343052816683010 (tweet thread) from former Fed research assistant Amarnath, who claimed that it is literally impossible for us all to save more. Previous articles from Bob showing https://www.econlib.org/library/Columns/y2009/Murphythrift.html (what's wrong with the "paradox of thrift") and with the https://mises.org/library/upside-down-world-mmt (MMT argument) that net private savings = government deficits. Also, an article from Bob https://mises.org/library/debt-necessary-recovery (showing why the community can save more) on net. https://lara-murphy.com/lara-murphy-report/ (Sample issues) of the Lara-Murphy Report. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Levi Machado is a Brazilian pathologist who trained and now works in the NYC hospital network. As a fan of libertarian writers, Levi recognizes the problems with coercive "solutions" to a pandemic. However, Levi explains in the discussion what COVID-19 actually can do to the body, and why it's not really comparable to the flu. The conversation wraps up with tips on staying healthy. Mentioned in the Episode and Other Links of Interest: Examples of how Dr. Fauci and the progressive media initially DOWNPLAYED the threat of the coronavirus: https://www.usatoday.com/story/news/health/2020/02/17/nih-disease-official-anthony-fauci-risk-of-coronavirus-in-u-s-is-minuscule-skip-mask-and-wash-hands/4787209002/ (one), https://www.vox.com/2020/2/7/21126758/coronavirus-xenophobia-racism-china-asians (two), and https://www.latimes.com/california/story/2020-03-03/feinstein-decries-unconscionable-racism-amid-coronavirus-outbreak (three). https://www.nytimes.com/interactive/2020/04/10/upshot/coronavirus-deaths-new-york-city.html (An article claiming) that NYC-area deaths from ALL causes, in the 30 days prior to April 4, 2020, was double the normal amount. A https://www.nejm.org/doi/full/10.1056/NEJMra1905136 (NEJM article on the benefits of intermittent fasting) (recommended by Dr. Machado). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
The hilarious stand-up comic and Rothbardian Dave Smith invites Bob onto his show, "Part of the Problem," to talk about the government's response to the coronavirus. Mentioned in the Episode and Other Links of Interest: Dave Smith's https://youtu.be/SpxUdAS0waA (YouTube version) of this interview. A great summary of the https://slatestarcodex.com/2020/03/23/face-masks-much-more-than-you-wanted-to-know/ (academic literature on whether face masks prevent the spread) of the coronavirus. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob urges skeptics not to dismiss the panic over the coronavirus as merely due to anti-Trump fear-mongering. Although government coercion is not justified, the underlying health crisis is very real. Bob also explains the economics of the toilet paper shortage, and gives practical tips he is using to try to keep his own household safe. Mentioned in the Episode and Other Links of Interest: Bob and Carlos Lara's 2016 video, https://lara-murphy.com/video0916/ ("How to Weather the Coming Financial Storms.") Their book (with Nelson Nash), https://thecaseforibc.com/ (The Case for IBC). A great summary of the https://slatestarcodex.com/2020/03/23/face-masks-much-more-than-you-wanted-to-know/ (academic literature on whether face masks prevent the spread) of the coronavirus. The https://macdaileyrn.blogspot.com/2020/03/finishing-my-current-contract-new-york.html (blog post) from a NYC nurse. https://www.marketplace.org/2020/03/26/covid-19-economy-testing-masks/ (Interview with Paul Romer), in which he explains the shortages. The https://time.com/5107984/hospitals-handling-burden-flu-patients/ (January 2018 Time article) on the flu wave hitting hospitals. https://hub.jhu.edu/2020/03/20/sars-cov-2-survive-on-surfaces/ (How long the novel coronavirus survives) on various surfaces. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Oren Cass is the executive director of American Compass, a conservative think tank that stresses the importance of family and domestic industry, in opposition to a singleminded devotion to economic efficiency. Cass was previously a senior fellow at the Manhattan Institute for Policy Research, and was the domestic policy director for Mitt Romney's 2012 presidential campaign. Bob and Oren have a friendly discussion about their disagreements on economic policy. Mentioned in the Episode and Other Links of Interest: Oren Cass' https://www.orencass.com/?page=about (bio). The website for https://americancompass.org/ (American Compass). An https://www.theatlantic.com/magazine/archive/1982/03/broken-windows/304465/ (article summarizing the "broken windows" approach) to policing. Two of Oren's essays critiquing the libertarian case for free trade, at https://lawliberty.org/forum/comparative-disadvantage/ (Law & Liberty) and at https://americanmind.org/essays/hayeks-broken-promise/ (American Mind). The National Review article on https://www.nationalreview.com/2020/02/the-return-of-conservative-economics/ ("The Return of Conservative Economics.") Oren's https://contrakrugman.com/ep-76-has-obamacare-really-saved-lives-plus-now-krugman-knows-how-libertarians-feel-all-the-time/ (appearance on Contra Krugman ep. 76), in which he explained the problems with claims that repealing ObamaCare would kill huge numbers. Bob's https://www.instituteforenergyresearch.org/climate-change/oren-casss-testimony-climate-change-damage-part-3-3/ (3-part series) at IER summarizing Oren's House testimony on estimates of climate change damages. Bob's https://www.instituteforenergyresearch.org/uncategorized/amplifying-oren-casss-critique-carbon-tax-part-2/ (2-part series) at IER article summarizing Oren's critique of a carbon tax. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Bob comments on various aspects of the response to the coronavirus. Although many libertarians are accusing the authorities of exaggerating the threat, it would also be a "libertarian take" to accuse them of downplaying the threat early on, misleading the public on how to stay safe. Bob also tries to clarify thinking about the Fed's repo bailouts and the outrage over hand sanitizer price gouging. Mentioned in the Episode and Other Links of Interest: U. of Minnesota's Michael Osterholm (head of Center for Infectious Disease Research and Policy) https://www.youtube.com/watch?v=yq3TA95ReJE&feature=youtu.be (on CNBCs "Squawk Box") on Mar. 17, explaining what Americans should expect. Osterholm's Mar. 10 https://www.youtube.com/watch?v=E3URhJx0NSw (appearance on the Joe Rogan Experience). https://tomwoods.com/ep-1605-two-hard-cases-child-abuse-and-coronavirus/ (Bob on the Tom Woods Show) on Mar. 5, talking about a free society's response to coronavirus (second half). https://mises.org/library/how-free-market-would-handle-quarantines (Bob's article from 2007) on how a free market would handle quarantine. Bob's 2017 article on https://mises.org/wire/3-good-things-about-price-gouging (the economics of price gouging). Carlos Lara and Bob Murphy on https://lara-murphy.com/video0916/ ("How to Weather the Coming Financial Storms,") a video from September 2016. David Stockman's https://www.amazon.com/gp/product/1586489127/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1586489127&linkId=aa25589b37ed2db47c003ae87c2595f0 (The Great Deformation) (which explains why your ATM wasn't about to stop working in the fall of 2008). Bob Higgs' https://www.amazon.com/gp/product/1598131117/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1598131117&linkId=cc9ea60168d8f693eb8307afbe431098 (Crisis and Leviathan), which explains the ratchet effect of government power. Stephen King's https://www.amazon.com/gp/product/0307947300/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0307947300&linkId=87970b2b8581f23a0acc08cc2fcb4965 (The Stand.) #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Winston Ewert is an up-and-coming researcher in the Intelligent Design movement, having co-authored articles with one of its leading lights, William Dembski. After explaining ID and relating it to creationism and the theory of common descent, Winston summarizes his research which applies insights from computer science to the biological realm. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/lhxSLdM66AE (YouTube video) of this interview. Biologist H. Allen Orr's http://bostonreview.net/books-ideas/h-allen-orr-review-no-free-lunch (hostile review) of Dembski. BMS https://www.bobmurphyshow.com/episodes/ep-106-why-intelligent-design-id-will-be-the-public-choice-of-the-natural-sciences/ (ep 106), in which I discuss my optimistic take on ID's future. Winston Ewert's https://bio-complexity.org/ojs/index.php/main/article/view/109 (article on the dependency graph of life), and his co-authored https://pdfs.semanticscholar.org/5877/903983fa7d96a086fb004926e6e95a7393a9.pdf (paper on algorithmic specified complexity). William Dembski's book https://www.amazon.com/gp/product/0521678676/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0521678676&linkId=d83edba7b66fe4923653493ed8250de0 (The Design Inference) and his more recent https://www.amazon.com/gp/product/0742512975/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0742512975&linkId=a79f160d1265cdffd894dacda482b71c (No Free Lunch); and Michael Behe's book https://www.amazon.com/gp/product/0743290313/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0743290313&linkId=604af92c7701632a5b7ffda03276b74b (Darwin's Black Box). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Bob discusses the famous Kelly criterion, which is a rule for capital management relevant in both gambling and investing. Bob explains the appeal of the Kelly criterion but also details how professional economists have disputed its importance. Bob illustrates the points with references to his high school Blackjack days. Mentioned in the Episode and Other Links of Interest: Kelly's http://www.herrold.com/brokerage/kelly.pdf (original 1956 paper )laying out his optimal bet sizing rule. http://www-stat.wharton.upenn.edu/~steele/Courses/434/434Context/Kelly%20Resources/KellyIndex.htm (A professor's notes) linking to three separate articles from 1979 in which Paul Samuelson and two others battled over the optimality of the Kelly criterion (which is equivalent to maximizing the expectation of the geometric mean of outcomes). The Blackjack book where high school Bob was first exposed to the Kelly criterion: https://www.amazon.com/gp/product/0385153821/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0385153821&linkId=503cd4cb1131e9a68d89fb4f9f1e988d (The World's Greatest Blackjack Book.) #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Larry Reed has been an organizational leader for liberty for decades, first at the Mackinac Center and then at FEE. He talks with Bob about Solzhenitsyn's ability to withstand the Soviet gulag, and more generally makes the case for optimism in the face of oppression. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/XFgSpwp6iiE (YouTube video) of this interview. Larry Reed's https://fee.org/articles/remembering-solzhenitsyn-observations-on-the-gospel-socialism-and-power/?fbclid=IwAR2VOScgUbM6nK6nImF7lsCPbaxSsaky7TQXanLcQmRY8PXCubmometXmok (article on Solzhenitsyn). Larry's essay, https://fee.org/resources/great-myths-of-the-great-depression/ ("Great Myths About the Great Depression.") Solzhenitsyn's book https://www.amazon.com/gp/product/0061253715/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0061253715&linkId=c2b7835bd2f710ae6389169c3949a8d7 (The Gulag Archipelago) (abridged) and Bob's https://www.amazon.com/gp/product/1596980966/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1596980966&linkId=b59439b73965d42c686da269b783ee84 (Politically Incorrect Guide to the Great Depression). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Bob first gives some thoughts on the stock market crash and coronavirus, then discusses the jaw-dropping discussion between Brian Williams and a member of the New York Times editorial board regarding Mike Bloomberg's claimed ability to give every American $1 million. Mentioned in the Episode and Other Links of Interest: Charles Cooke's https://www.nationalreview.com/corner/the-million-dollars-per-person-affair-is-telling/ (NR column) on the affair (including video). https://mises.org/library/social-function-stock-speculators (Bob's article) on the social function of stock speculators. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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On his podcast The Local Maximum, software engineer (and developer at Foursquare) Max Sklar has Bob explain Ludwig von Mises' distinction between class and case probability. They apply Mises' framework to other economic theory, and discuss Bayesian inference and machine learning. Mentioned in the Episode and Other Links of Interest: Max Sklar's podcast, https://www.localmaxradio.com/ (the Local Maximum). Mises' https://mises.org/library/human-action-0 (Human Action) and Bob's https://mises.org/library/study-guide-human-action-treatise-economics (Study Guide) to Human Action; the class vs. case probability distinction is handled in Chapter VI on uncertainty. https://www.localmaxradio.com/episode/108 (Max Sklar's episode) dealing with his own views on probability. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Anticipating his forthcoming interview with Winston Ewert, Bob explains why the Intelligent Design movement will be to the natural sciences, what the Public Choice school in economics is to the social sciences. Bob predicts that the explanation for the observed complexity of the universe will ultimately be pushed back into the structure of mathematics itself. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/7YwUXN-Heds (YouTube video) of this episode (highly recommended). BMS http://bobmurphyshow.com/111 (ep. 111, featuring ID theorist Winston Ewert). (Note that this episode had not yet dropped as of the release of ep. 106.) The https://www.youtube.com/watch?v=2JUAojvFpCo (YouTube video explaining the Mandelbrot set) (highly recommended). Michael Behe's book, https://www.amazon.com/gp/product/0743290313/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0743290313&linkId=2e7aff1c32baba28e54247536a20eec9 (Darwin's Black Box.) William Dembski's book https://www.amazon.com/gp/product/0521678676/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0521678676&linkId=d8fd27c939a86e7a1860f427d88791bd (The Design Inference). Steve Landsburg's book https://www.amazon.com/gp/product/143914821X/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=143914821X&linkId=0ff5cdec694b075c0d6c892ebddb83e0 (The Big Questions). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) http://gene-callahan.blogspot.com/2012/11/a-short-proof-of-gods-existence.html (Gene Callahan's post )on a short "proof" of God's existence. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Corey DeAngelis is the Director of School Choice at the Reason Foundation, and an adjunct scholar at the Cato Institute's Center for Educational Freedom. He talks with Bob about the studies supporting school choice, and dispels the myths around it. The interview ends with Bob raising the possibility that government voucher programs could end up hurting school independence. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/ysGhD-kFGlk (YouTube video) of this interview. The Cato https://www.cato.org/people/corey-deangelis (profile page for Corey DeAngelis). Paul https://www.vox.com/policy-and-politics/2019/12/13/21011742/paul-krugman-the-ezra-klein-show-democrats-green-new-deal-payment (Krugman's interview) with Ezra Klein. Corey's article arguing https://www.washingtonexaminer.com/opinion/trump-in-state-of-the-union-is-right-to-call-them-government-schools ("Trump is right to call them 'government schools.'") Links to the claims Corey made regarding the effects of choice programs, including: https://www.educationnext.org/vouchers-tend-serve-less-advantaged/ (vouchers tend to help) the disadvantaged, a https://journals.sagepub.com/doi/10.1177/0895904819874756 (meta-analysis of school choice effects) on student achievement, and https://www.tandfonline.com/doi/abs/10.1080/15582159.2013.837759 (the competitive effects of school voucher programs). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Following up on his two previous episodes firing off provocative questions for both progressives and conservatives, Bob now looks inside his own camp and raises issues for self-reflection. The tough questions for libertarians cover topics ranging from God to abortion to drag queens to tax incidence. Mentioned in the Episode and Other Links of Interest: Bob Murphy Show ep. 62 on https://www.bobmurphyshow.com/episodes/ep-62-tough-questions-for-progressives/ ("Tough Questions for Progressives") and ep. 66 on https://www.bobmurphyshow.com/episodes/ep-66-tough-questions-for-conservatives/ ("Tough Questions for Conservatives.") Bob's discussion https://www.bobmurphyshow.com/episodes/ep-79-stephan-kinsella-and-bob-murphy-debate-hans-hoppes-argumentation-ethics/ ((ep. 79) with Stephan Kinsella) on Hoppe's argumentation ethics, and then Bob's follow-up https://www.bobmurphyshow.com/episodes/ep-86-further-thoughts-on-hoppes-argumentation-ethics-and-essays-on-praxeology/ (solo episode (86) on Hoppe's work). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Harry Dent is the founder of Dent Research, which provides economic forecasting and financial recommendations. He is the author of numerous books, including Zero Hour (2017). Harry argues that demographic trends set the U.S. economy up for a major adjustment that the Federal Reserve merely postponed with its easy-money policies in 2008 and beyond. Harry now believes that a major crash is coming, which will probably begin this year. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/oIeqi9-znsg (YouTube video) of this interview. Harry Dent's website, https://harrydent.com/ (HarryDent.com). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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In the fall of 2018 three people went public with a long-running hoax in which they'd published fake papers to various feminist, critical studies, etc. journals. Perhaps the most memorable example was an article purporting to catalogue the number of "rapes" that occurred at a dog park. Bob explores the precise reasons for why (or why not) this hoax reflects poorly on the targeted fields. Mentioned in the Episode and Other Links of Interest: A https://www.vox.com/2018/10/15/17951492/grievance-studies-sokal-squared-hoax (Vox article) giving a (critical) summary of the episode. The https://areomagazine.com/2018/10/02/academic-grievance-studies-and-the-corruption-of-scholarship/ (long explanation of the hoax project), from its three creators. The https://www.tandfonline.com/doi/full/10.1080/0966369X.2018.1475346?journalCode=cgpc20 (journal retraction) of the "dog park" hoax article, and the abstracts of the (genuine) articles from the same journal on https://www.tandfonline.com/doi/full/10.1080/0966369X.2020.1727862 (researcher anxiety) and https://www.tandfonline.com/doi/abs/10.1080/0966369X.2020.1726881?journalCode=cgpc20 ("feminist killjoys.") Portland State University's https://twitter.com/peterboghossian/status/1153676804302860291 (disciplinary action) against Peter Boghossian. A https://reason.com/2019/01/08/peter-boghossian-psu-misconduct-hoax-stu/ (Reason article) noting big-gun support for Boghossian against PSU. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Economist Tim Terrell explains why the common rankings of "health outcomes" are so often biased against the United States, and why big businesses often support certain environmental regulations. Hint: it's not for reasons progressives will like. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/4xxgiykk1qg (YouTube video) of this interview. Links to the https://mises.org/library/journal-libertarian-studies (Journal of Libertarian Studies) and the https://mises.org/archives-quarterly-journal-austrian-economics (Quarterly Journal of Austrian Economics). Bob's co-authored book on health care economics, https://www.amazon.com/gp/product/1939563097/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1939563097&linkId=423aca73894efa49122cee5a5de29f02 (The Primal Prescription). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) The https://www.bobmurphyshow.com/episodes/ep-69-richard-vedder-on-restoring-promise-higher-ed/ (Bob Murphy Show ep. 69), interview with Richard Vedder on the state of higher education. Murray https://mises.org/library/law-property-rights-and-air-pollution (Rothbard's classic article) on pollution and property rights. https://www.instituteforenergyresearch.org/uncategorized/federal-government-give-americans-clean-air/ (Bob's article) showing why the EPA is not responsible for clean air in the US. https://www.instituteforenergyresearch.org/regulation/dirty-secrets-about-the-clean-future-act/ (Bob's article) on the "CLEAN Future Act" which summarizes many of his points about the economics of climate change. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Summarizing insights from Mises, Hume, and La Boetie, Bob argues that even the worst tyrants ultimately stay in power because other people obey them. If the people withdraw their support from a regime, it will fall. Mentioned in the Episode and Other Links of Interest: Gene Sharp's book, https://www.amazon.com/gp/product/1595588507/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1595588507&linkId=eaf40337a5c7eb4433a8fc55e17c6154 (From Dictatorship to Democracy). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) Etienne de la Boetie's https://mises.org/library/politics-obedience-discourse-voluntary-servitude ("A Discourse of Voluntary Servitude") (with an introduction by Rothbard). https://libertarianchristians.com/debate/ (Details on Bob's April 20 Soho Forum) debate. (Use promo code "bob" for a discount.) http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).
Don Boudreaux is an economist at George Mason University who blogs at Cafe Hayek. He has a long history with the Austrian and Public Choice schools, and is in the trenches daily making the case for free trade. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/yBWDFK-EBIU (YouTube video) of this interview. Don's blog, https://cafehayek.com/ (Cafe Hayek). Don's book, https://www.fraserinstitute.org/sites/default/files/essential-hayek.pdf (The Essential Hayek). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Bob first explains a standard progressive viewpoint when it comes to dealing with issues like virus outbreaks, underage drinking, and prostitution. Yet when it comes to dealing with people whose views they abhor, the progressives suddenly are "zero tolerance" and ignore the mechanisms they point to for the other issues. Mentioned in the Episode and Other Links of Interest: Bob Murphy Show https://www.bobmurphyshow.com/episodes/ep-75-bretigne-shaffer-on-californias-mandatory-vaccinations/ (ep. 75), interview with Bretigne Shaffer. https://libertarianchristians.com/debate/ (Details on Bob's April 20 debate) on Christianity and capitalism. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Lyn Ulbricht is the mother of Ross Ulbricht, the founder of the Silk Road website. Contrary to the government's assertions, Lyn argues that her son was hardly a criminal kingpin menacing society. Even taking the laws on the book at face value, Ross' trial was a sham, and the government's behavior was shocking. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/Mhucyn3iZwc (YouTube video) of this interview. A https://freeross.org/ (website devoted to Ross Ulbricht's) case and how to help. The https://www.change.org/p/clemency-for-ross-ulbricht-condemned-to-die-in-prison-for-a-website (change.org petition) for clemency for Ross. https://www.youtube.com/watch?v=BvC9oDlT8mM (Trailer for the documentary), "Deep Web," about Silk Road. Bob's http://understandingbitcoin.us/ (co-authored booklet) on the mechanics and economics of Bitcoin. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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In Bob's interview of Bryan Caplan (in episode #91), they briefly discussed Bryan's essay criticizing Austrian economics. At listener request, in this episode Bob goes solo to give a much more comprehensive analysis of why he (Bob) remained an Austrian economist, even after seeing top-notch neoclassicals in action during his own time in grad school. Mentioned in the Episode and Other Links of Interest: Bob Murphy Show https://www.bobmurphyshow.com/episodes/ep-91-bryan-caplan-defends-open-borders-and-his-critique-of-austrian-economics/ (ep. 91), the interview with Bryan Caplan. Bryan Caplan's essay, https://econfaculty.gmu.edu/bcaplan/whyaust.htm ("Why I Am Not an Austrian Economist.") A https://mises.org/wire/caplan-and-responses (compilation of responses) to Caplan. https://www.bobmurphyshow.com/episodes/ep-31-capital-and-interest-in-the-austrian-tradition-part-3-of-3/ (Part 3) of Bob's series on Capital & Interest theory, which has links to the first 2 in the series. https://mises.org/library/importance-capital-theory (Bob's "sushi article") (responding to Krugman and Cowen's critiques of Austrian business cycle theory). https://consultingbyrpm.com/blog/2011/07/my-heretical-and-pathbreaking-work-on-austrian-interest-theory.html (Links) to Bob's dissertation and also a paper on multiple interest rates. Bob's https://www.econlib.org/library/Columns/y2008/Murphyoil.html (article explaining Hotelling's principle) for an exhaustible resource. Arnold Kling on https://www.econlib.org/archives/2010/07/the_recalculati_2.html ("recalculation.") David R. Henderson talking about https://www.econlib.org/archives/2015/05/murphy_on_inter.html (cardinal vs. ordinal utility). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Tareq Haddad was a (recently hired) reporter for Newsweek who was repeatedly rebuffed when trying to cover the emerging story of the Organization for the Prohibition of Chemical Weapons (OPCW) report on Syria. He eventually resigned. Tareq discusses how the US authorities pressured the OPCW to change the report to fit their desired narrative, and how powerful groups control the media narrative. Mentioned in the Episode and Other Links of Interest: https://tareqhaddad.com/2019/12/14/lies-newsweek-and-control-of-the-media-narrative-first-hand-account/ (Tareq's post) giving the history of his time at Newsweek, and how the media narrative is controlled. The https://youtu.be/PKZfP31LnoU (YouTube video) of this interview. Jonathan Steele's https://www.counterpunch.org/2019/11/15/the-opcw-and-douma-chemical-weapons-watchdog-accused-of-evidence-tampering-by-its-own-inspectors/ (Counterpunch article) on the OPCW scandal. Tareq's https://www.youtube.com/channel/UCt6WN0T8X6d62wJkgwl8lGA (new podcast), "Conversations." Tareq's https://www.patreon.com/tareqhaddad (Patreon account). Background on https://en.wikipedia.org/wiki/Operation_Mockingbird (Operation Mockingbird). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Bob gives a pragmatic case for pacifism, appealing to Christians who would like to take the Sermon on the Mount literally but are worried it would spell disaster. Mentioned in the Episode and Other Links of Interest: Bob Murphy Show https://www.bobmurphyshow.com/episodes/ep-19-why-rothbardian-institutions-would-become-nonviolent/ (ep. 19) on Rothbardian institutions becoming nonviolent. One of https://www.amazon.com/gp/product/B00UIRRPFI/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=B00UIRRPFI&linkId=32870d92be154a31f7ec6eb5adb59b25 (Gene Sharp's books) on strategic nonviolence for effecting political change. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) Bob's Libertarian Papers http://libertarianpapers.org/murphy-libertarian-law-military-defense/ (journal article) on private law and military defense. The https://www.youtube.com/watch?v=s2-1hz1juBI (trailer for the movie Hacksaw Ridge) (depicting the real-life story of Desmond Doss who was a pacifist medic in WW2). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Bob interviews Lindsay Goldwert on her years performing at and organizing stand-up comedy shows in NYC, the interaction between comedy and finance, and her new book, BOW DOWN. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/j1Kc3uF2QMk (YouTube video) of this interview. Lindsay's new book https://www.amazon.com/gp/product/1982130466/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1982130466&linkId=a81edc9e0964f6849c838470872a827e (Bow Down). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) Lindsay's https://twitter.com/lindsaygoldwert (Twitter) and https://www.lindsaygoldwert.com/ (website). Lindsay's https://qz.com/810609/comedians-explain-the-improbable-economics-of-stand-up/ (article on the economics of stand-up) and her podcast https://www.lindsaygoldwert.com/spent-podcast (Spent). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Bob uses the media coverage of the December Inspector General (IG) report on the FBI to illustrate how the establishment is gaslighting America. Specifically, some of the FBI's tactics when applying for permission to spy on the Trump campaign are jaw-dropping, and yet the corporate media have used the report to refute Trump's "conspiracy theories" about an FBI plot against him. Mentioned in the Episode and Other Links of Interest: The https://oig.justice.gov/reports/2019/o20012.pdf (full Inspector General report) on the FBI's FISA applications. https://www.cnn.com/2017/03/04/politics/trump-obama-wiretap-tweet/index.html (CNN article) on "Trump's baseless wiretap claim." http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Bob conducts a friendly but challenging interview of Bryan Caplan, focusing on his new book making the case for open borders. They also discuss Bryan's essay, "Why I Am Not an Austrian Economist," and close with some brief remarks on pacifism. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/uuHKGdlKMBg (YouTube video) of this interview. Bryan's new book https://www.amazon.com/gp/product/1250316960/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1250316960&linkId=8c49c2bc84f7a705600b30f296ad5000 (Open Borders). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) Bryan's essay, https://econfaculty.gmu.edu/bcaplan/whyaust.htm ("Why I'm Not an Austrian Economist.") http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Bob goes through much more scandalous and corrupt activities from Presidents Clinton, Bush, and Obama, and why Hillary Clinton has a much worse record on self-dealing than Donald Trump. Mentioned in the Episode and Other Links of Interest: https://www.youtube.com/watch?v=6OYyXv2l4-I (The clip of Schumer) on Rachel Maddow. https://twitter.com/Liberty4Masses/status/1204950591618899968 (Clip of Nancy Pelosi) discussing impeachment. https://abcnews.go.com/Politics/bill-clinton-cashed-hillary-secretary-state/story?id=30522705 (ABC News article) on Clinton cash. https://www.opensecrets.org/news/2018/12/clinton-foundation-revenue-low/ (OpenSecrets post) on Clinton Foundation. Bob's go-to example, the https://www.nytimes.com/2012/05/29/world/obamas-leadership-in-war-on-al-qaeda.html (NYT front-page article) on Obama's "secret kill list." http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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David Gordon is a Senior Fellow with the Mises Institute who has a long history in Austrian economics and libertarianism. He talks with Bob about his personal story, including taking an undergrad class at UCLA with Hayek as his professor. Then they turn to philosophical issues in economics, and end with an analysis of the Strauss/Jaffa critique of libertarianism. Mentioned in the Episode and Other Links of Interest: Two of David Gordon's books, https://store.mises.org/Philosophical-Origins-of-Austrian-Economics-The--P23.aspx (The Philosophical Origins of Austrian Economics) and https://mises.org/library/introduction-economic-reasoning (An Introduction to Economic Reasoning). David's regular column, https://mises.org/library/mises-review (The Mises Review). Michael Anton's https://americanmind.org/post/libertarianism-a-feel-good-suicide-pact/ (critique) of David, in which he calls libertarianism a "suicide pact." https://mises.org/wire/harry-jaffa-michael-anton-and-me (David's response). https://youtu.be/l2RByG_vutE (Bob's debate with David Friedman) over economic methodology. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Bob tackles a common objection from atheist libertarians: Doesn't Mises (in Human Action) refute the very notion of the Biblical God? Specifically, why wouldn't an omnipotent, omniscient being remove all uneasiness with one action? Mentioned in the Episode and Other Links of Interest: The https://mises.org/library/human-action-0 (pdf to the Scholar's Edition) of Human Action. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Dr. Sabine Hossenfelder is a Research Fellow at the Frankfurt Institute for Advanced Studies, where she heads the "Analog Systems for Gravity Duals" group. Bob first asks her to explain why physicists began using the concepts of "dark matter" and "dark energy" to explain their observations of galaxies. Then they discuss her June New York Times column in which she explained that existing computer models can't tell us if climate change poses an existential threat or is merely an inconvenience. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/dgg6UUDioUA (YouTube video) of this interview. Sabine Hossenfelder's https://twitter.com/skdh (Twitter) account and http://backreaction.blogspot.com/ (blog). Dr. Hossenfelder's (co-authored) https://www.scientificamerican.com/article/is-dark-matter-real/ (article on dark matter) and https://www.nytimes.com/2019/06/12/opinion/climate-change-supercomputers.html (her NYT article on limitations) of current climate models. Hossenfelder's book https://www.amazon.com/gp/product/0465094252/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0465094252&linkId=8055841d664322c65e01ab85c3227303 (Lost in Math: How Beauty Leads Physics Astray). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Due to listener request, Bob offers further thoughts on Hoppe's argumentation ethics, following his discussion (on ep. 79) with Stephan Kinsella. Bob then discusses Hoppe's profound essays on praxeology, in which he argues that Mises has solved the famous mind-body problem in philosophy. Mentioned in the Episode and Other Links of Interest: The https://www.bobmurphyshow.com/episodes/ep-79-stephan-kinsella-and-bob-murphy-debate-hans-hoppes-argumentation-ethics/ (Bob Murphy Show ep. 79), where Stephan Kinsella and Bob discuss Hoppe's argumentation ethics. (See Show Notes at the link for many further links on the topic.) https://mises.org/library/economic-science-and-austrian-method (Hoppe's essays) on praxeology and the method of Austrian economics. A https://en.wikipedia.org/wiki/Analytic%E2%80%93synthetic_distinction#Kant's_version_and_the_a_priori_/_a_posteriori_distinction (Wikipedia article explaining Kantian epistemology)--in particular, the concept of a synethetic a priori statement. https://www.heritage.org/node/10145/print-display (A critical article on Habermas' original use) of (what libertarians now call) argumentation ethics. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Wojciech Kopczuk is a Columbia economics professor who co-authored (in 2004) one of the leading estimates of wealth concentration in the literature, along with current progressive darling Emmanuel Saez. But ever since Thomas Piketty's bestselling book on wealth inequality, Saez has published research with Gabriel Zucman, showing dramatically different results. Kopczuk explains why economists can disagree on the basic facts of wealth concentration, and why there is controversy about Saez and Zucman's latest claim that billionaires pay a lower income tax rate than the working class. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/zpcQKpUzDT8 (YouTube video version) of this interview (highly recommended because of supporting graphs). Wojciech Kopczuk's http://www.columbia.edu/~wk2110/ (homepage) at Columbia University. Kopczuk and Saez's https://ntanet.org/NTJ/57/2/ntj-v57n02p445-87-top-wealth-shares-united.pdf?v=%CE%B1&r=9674166805272331 (2004 article on wealth inequality) using estate tax data. Saez and Zucman's https://www.nytimes.com/2019/10/11/opinion/sunday/wealth-income-tax-rate.html (2019 New York Times) article. Kopczuk's NBER paper http://www.columbia.edu/~wk2110/bin/w20734.pdf (contrasting the different measures) of wealth inequality. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Along with Carlos Lara, David Stearns, and the late Nelson Nash, Bob has been heavily involved in educating the public and financial professionals about the Infinite Banking Concept (IBC). This is a process of using a dividend-paying Whole Life policy as a cash management tool, to "become your own banker" (in Nelson's famous words). Bob gives the quick explanation of how this works. Mentioned in the Episode and Other Links of Interest: Order https://thecaseforibc.com/ (The Case for IBC). Bob's interview with Nelson Nash, https://www.bobmurphyshow.com/episodes/ep-20-nelson-nash-talks-about-leonard-read/ (ep. 20). The website https://lara-murphy.com/ (Lara-Murphy.com), the headquarters for Bob and Carlos Lara's work integrating IBC and Austrian economics. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Greta, a college student in New York, is working on an honor's thesis covering libertarian thought in America. In this short interview, she asks Bob what libertarianism is, his perspective on voting, and how he views the American political system. Mentioned in the Episode and Other Links of Interest: https://youtu.be/8iP0U9Vp_uU (Bob's talk for Mises Institute), "Is It Smart to Vote Immorally?" http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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In the bitter debates over evolution, it is a common practice for the defenders of the orthodox Darwinian approach to argue that not only is Intelligent Design (ID) theory wrong, but it doesn't even count as a scientific theory. After all, so the orthodox defenders argue, you can't really test to see if an intelligent being created life on Earth, and so ID must be excluded from biology, period. Bob argues that this particular rhetorical move is obviously bogus, and gives two simple examples to show why. Mentioned in the Episode and Other Links of Interest: A https://ncse.ngo/union-concerned-scientists-2007 (2007 statement from the Union of Concerned Scientists) on why Intelligent Design is not a scientific theory (among other alleged problems). A https://www.discovery.org/id/peer-review/ (pro-ID webpage) giving a brief description and further links. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Jeffrey Rogers Hummel joins Bob for an in-depth discussion of the economics of slavery, touching on subtleties such as the labor/leisure tradeoff, and the recent claims by some historians that slavery was efficient. Then Bob asks Hummel to explain the provocative claim in his book, that the Confederacy would have done much better militarily if it had used the same guerrilla warfare tactics that the American colonists had used against the British. Mentioned in the Episode and Other Links of Interest: Jeffrey Rogers Hummel's book, https://www.amazon.com/gp/product/0812693116/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0812693116&linkId=60603533f2ba3375f77bcd8a97f0ae8d (Emancipating Slaves, Enslaving Free Men). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.) https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2155362 (Hummel's essay) on the deadweight loss from slavery. The https://www.bobmurphyshow.com/episodes/ep-71-mark-thornton-on-how-government-propped-up-slavery/ (Bob Murphy Show ep. 71), featuring Mark Thornton discussing his work on the economics of slavery. And https://www.bobmurphyshow.com/episodes/ep-58-using-ww1-to-prove-the-incompetence-of-state-militaries/ (BMS ep. 58), on the military blunders of World War I. Bob's https://mises.org/wire/left-argues-slavery-was-economic-blessing-heres-why-they-are-wrong (mises.org essay) on the economics of slavery and the 1619 Project. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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Patrick, one of the co-hosts of the "Cave to the Cross Apologetics" podcast, has Bob on the show to discuss Austrian economics, but with reference to a philosophical framework for defending Christianity. It is a fascinating discussion that covers unusual issues, such as: Would the laws of economics be true in the Garden of Eden? Mentioned in the Episode and Other Links of Interest: The https://youtu.be/_nbYe_IDPLQ (YouTube video) version of this interview. The https://podcasts.apple.com/us/podcast/cave-to-the-cross-apologetics/id1448669361 ("Cave to the Cross Apologetics" podcast) (which originally featured this interview). Details on Murphy's https://www.eventbrite.com/e/soho-forum-debate-robert-murphy-vs-anthony-campolo-tickets-71428343097 (April 20, 2020 "Soho Forum" debate) on Christianity and capitalism. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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By popular demand, Bob brings Stephan back on the podcast, this time to debate Hans Hoppe's famous "argumentation ethics" case for libertarianism. Stephan defends Hoppe's claim that any attempt to justify a NON-libertarian system would result in a performative contradiction, while Bob clarifies the argument and raises concerns about it. Mentioned in the Episode and Other Links of Interest: The https://youtu.be/KYtbn1isI5s (YouTube video) for this interview. http://propertyandfreedom.org/2016/10/hans-hermann-hoppe-on-the-ethics-of-argumentation-pfs-2016/ (Hans Hoppe's talk) on argumentation ethics at his Property & Freedom Society. The 1988 http://www.libertyunbound.com/sites/files/printarchive/Liberty_Magazine_November_1988.pdf (Liberty symposium) on Hoppe's argumentation ethics. Stephan Kinsella's https://mises.org/library/argumentation-ethics-and-liberty-concise-guide (concise guide) to Hoppe's argument and its critics. Bob Murphy and Gene Callahan's https://cdn.mises.org/20_2_3.pdf (critique of argumentation ethics) in the Journal of Libertarian Studies, and http://www.stephankinsella.com/publications/defending-argumentation-ethics/ (Stephan Kinsella's response). Stephan's https://www.bobmurphyshow.com/episodes/ep-39-stephan-kinsella-discusses-law-without-the-state-and-the-illegitimacy-of-ip/ (earlier appearance on ep. 39 of the Bob Murphy Show), talking about private law and Intellectual Property. http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
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https://www.bobmurphyshow.com/wp-content/uploads/2019/11/Bob-on-Cruise.png ()Bob evaluates four different campaigns where people pushed back against the State: The National Opt Out Day in 2010, Free Keene’s “Robin Hood” parking meter approach, the “Taxation Is Theft” approach to tipping, and the “Epstein Didn’t Kill Himself” meme campaign. He then crystallizes his remarks into 7 Lessons for Libertarians.
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. . . . Mentioned in the Episode and Other Links of Interest:
http://www.cc.com/video-playlists/kw3fj0/the-opposition-with-jordan-klepper-welcome-to-the-opposition-w--jordan-klepper/dvppp6 (Colbert’s bit) on Free Keene in New Hampshire.
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https://www.bobmurphyshow.com/wp-content/uploads/2019/11/rob-bradley.jpg ()Rob Bradley is the world’s leading expert in energy economics in the Austrian tradition. His treatise Oil, Gas, and Government is the definitive record of U.S. government intervention in the oil & gas markets. Rob chose Murray Rothbard as the chair for his dissertation in Political Economy. At one point in his career, Rob served as a speechwriter for Ken Lay, CEO of Enron, which afforded Rob a firsthand view of the skullduggery that would later be wrongly blamed on capitalism.
. . . . .
Mentioned in the Episode and Other Links of Interest:
https://youtu.be/xV_VqkLTai0 (The YouTube video) of this interview.
https://www.masterresource.org/bradley/oil-gas-government-introduction/ (Bob’s introductory essay) to Rob Bradley’s classic work (which was his dissertation under Rothbard), Oil, Gas, and Government: The U.S. Experience.
https://econpapers.repec.org/article/jpejournl/1462.htm (Bob’s article in the Journal of Private Enterprise) which relays the “daisy chain” story of how oil resellers gamed the price controls during the 1970s.
Rob’s website devoted to energy issues: https://www.masterresource.org/ (MasterResource.org). The website for the http://instituteforenergyresearch.org (Institute for Energy Research), which Rob founded.
Rob’s trilogy on cronyism (“political capitalism”) in industry: (1) https://www.amazon.com/gp/product/0976404176/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0976404176&linkId=b6de60d7f8282dd48417bfb599fbca70 (Capitalism at Work), (2) https://www.amazon.com/gp/product/0470917369/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0470917369&linkId=f0d6e8a369a5926200a423afb6b03c9e (Edison to Enron), and (3) https://www.amazon.com/gp/product/1118549570/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1118549570&linkId=1fdd6f4a685234ac4e2f2bfb319de03f (Enron Ascending). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
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https://www.bobmurphyshow.com/wp-content/uploads/2019/11/Bretigne-Shaffer.jpg ()Longtime libertarian journalist Bretigne Shaffer explains the de facto mandatory vaccinations now enforced for school children in California, and the concerned parents who are protesting the policy. She also discusses her fictional books that will appeal to libertarian readers. . . . . . .
Mentioned in the Episode and Other Links of Interest:
https://youtu.be/hrFN_g9W288 (The video) corresponding to this interview.
Bretigne Shaffer’s articles on California’s mandatory vaccinations (https://fee.org/articles/california-seeks-to-strip-doctors-of-authority-to-grant-kids-medical-exemptions-for-vaccinations/ (one) and https://www.lewrockwell.com/2019/09/bretigne-shaffer/something-extraordinary-in-sacramento/ (two)).
Bretigne’s articles on how vaccination is discussed in our culture (https://www.lewrockwell.com/2015/04/bretigne-shaffer/first-they-came-for-the-anti-vaxxers/ (one), https://fee.org/articles/libertarians-for-forced-vaccinations/ (two), and https://www.lewrockwell.com/2019/09/bretigne-shaffer/yes-vaccine-safety-is-too-dangerous-for-us-to-discuss/ (three)).
Bretigne’s books: https://www.amazon.com/gp/product/B0766XKPG4/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=B0766XKPG4&linkId=f8369275765b4479e97ef941176978ac (Urban Yogini: A Superhero Who Can’t Use Violence). And her newest: https://www.amazon.com/gp/product/B07YGWKR2N/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=B07YGWKR2N&linkId=5c1842959386e611ceb746e10dc0a9b8 (Annabel Pickering and the Sky Pirates: The Fantastical Contraption). #CommissionsEarned
Bob’s book on U.S. health care, https://www.amazon.com/gp/product/1939563097/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1939563097&linkId=ef764642fc7590405b43b195d2ade4bd (The Primal Prescription), and his children’s book, https://www.amazon.com/gp/product/1494449978/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1494449978&linkId=c77fe8d54ea08ab4ddf759fafb9032f4 (The Three Lads and the Lizard King). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
On the issue of “herd immunity,” a https://childrenshealthdefense.org/news/cdc-lies-about-and-media-repeats-risk-of-dying-from-measles/ (Jeremy Hammond article) that itself contains links to peer-reviewed studies documenting the claims he makes in his rebuttal to the standard pro-mass-vaccination position.
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The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/11/theocracy-podcast.jpg ()Adam Terrell interviewed Bob on his podcast “Theocracy.” They cover a variety of topics, including Bob’s personal odyssey through atheism and into born-again Christianity. They take seriously the claims by some Christians that the Bible does not support a libertarian political stance. . Mentioned in the Episode and Other Links of Interest:
The website of the http://theocracy.libsyn.com/ (Theocracy podcast).
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https://www.bobmurphyshow.com/wp-content/uploads/2019/11/Titus-Gebel.jpg ()Titus Gebel has a PhD in international law, and has written a book, “Free Private Cities: Making Governments Compete For You.” Bob discusses Titus’ proposal and how it differs from other types of abstract libertarian theorizing. . . . . . . . . .
Mentioned in the Episode and Other Links of Interest:
Titus Gebel’s https://freeprivatecities.com/en/ (website home) for free private cities, with a https://freeprivatecities.com/en/book/ (page dedicated to his book).
The https://www.fraserinstitute.org/studies/economic-freedom (Economic Freedom of the World) index.
The https://www.seasteading.org/ (homepage of the Seasteading Institute).
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https://www.bobmurphyshow.com/wp-content/uploads/2019/10/peterson-joker.png ()Dan Sanchez discusses his provocative article for FEE, in which he explained how Jordan Peterson’s message could help the Joker deal with the genuine suffering in his life without turning to destructive outlets. Although seemingly fanciful, the conversation touches on very weighty matters that are of the utmost relevance in today’s charged political climate. . Mentioned in the Episode and Other Links of Interest:
The video of this interview https://youtu.be/MjqEGXwAc64 (available here).
Dan Sanchez’s https://fee.org/articles/if-joker-met-jordan-peterson/ (FEE article), “If Joker Met Jordan Peterson.”
Dan Sanchez on https://mises.org/library/19th-century-bernanke-0 (Nicholas Biddle vs. Andrew Jackson).
Jordan Peterson on https://www.youtube.com/watch?v=w74EuWtxNTc (being a concentration camp guard).
Jordan Peterson on https://www.jordanbpeterson.com/podcast/episode-24/ (the Psychology of the Flood) (in the Bible).
Abridged version of https://www.amazon.com/gp/product/0061253804/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0061253804&linkId=f517defc5ea189270e8123424ac4be35 (The Gulag Archipelago). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
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https://www.bobmurphyshow.com/wp-content/uploads/2019/10/Thornton.jpg ()Economic historian Mark Thornton has published several peer-reviewed articles on the economics of slavery in the American South. In this episode, he and Bob discuss the various ways in which government intervention propped up slavery and masked its inefficiency. . . . Mentioned in the Episode and Other Links of Interest:
Two of Mark Thornton’s (co-authored) journal articles on slavery: https://ideas.repec.org/a/kap/atlecj/v29y2001i3p330-340.html (one) and https://www.independent.org/pdf/tir/tir_14_01_4_thornton.pdf (two).
https://www.jacobinmag.com/2019/08/how-slavery-shaped-american-capitalism (Jacobin magazine) on slavery and capitalism in the United States.
https://mises.org/wire/left-argues-slavery-was-economic-blessing-heres-why-they-are-wrong (Bob’s mises.org article) on slavery and capitalism.
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The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/10/AOC.jpg ()In this whimsical episode, Bob tells stories about cashiers giving him too much change, as well as the recent time he had somehow convinced himself that the Fed was engaging in the opposite of what everybody was assuming, in the repo markets. He also explains what gave away the troll who wanted AOC to adopt “Eat the babies!” as her campaign slogan, and why the people comparing Trump to the Godfather are misquoting the movie.
. .
. . . . . Mentioned in the Episode and Other Links of Interest:
BMS https://www.bobmurphyshow.com/ep-68-jeff-snider-explains-the-repo-market-flare-up/ (ep. 68), interview with Jeff Snider on Fed’s repo operations.
The https://www.youtube.com/watch?v=v75CFbaajKg (Godfather says he’s a superstitious man) when it comes to his son.
The video of the audio clips https://www.youtube.com/watch?v=epwUTVUwB7A (featuring AOC and the “eat the babies” troll), and of https://www.youtube.com/watch?v=UXA--dj2-CY (Biden bragging) about his ultimatum to the Ukrainian government.
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The audio production for this episode was provided by http://podsworth.com (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/10/vedder.png ()Economist Richard Vedder discusses his new book Restoring the Promise: Higher Education in America, which diagnoses what’s wrong with higher education and how to fix it. . . . . . . . . Mentioned in the Episode and Other Links of Interest:
Richard Vedder’s new book, https://www.independent.org/store/book.asp?id=129 (Restoring the Promise: Higher Education in America).
Richard Vedder and Lowell Gallaway, https://www.independent.org/publications/books/summary.asp?id=44 (Out of Work).
Bob Murphy’s book (quoting Vedder/Gallaway’s statistics), https://www.amazon.com/Politically-Incorrect-Guide-Depression-Guides/dp/1596980966/ref=as_sl_pc_tf_til?tag=consultingbyr-20&linkCode=w00&linkId=698aae21caac3af67a4590bf68e7413a&creativeASIN=1596980966 (The Politically Incorrect Guide to the Great Depression and the New Deal). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
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The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/10/Snider.jpg ()Jeff Snider is Head of Global Research at Alhambra Investments. He talks with Bob about the recent spike in lending rates in the repo markets, and how the Fed’s attempted solution fails to address the real problem. He then relates the repo problem to the global monetary system, which has suffered from major imbalances going back to 2007 that have yet to be corrected. . Mentioned in the Episode and Other Links of Interest:
https://www.alhambrapartners.com/2019/09/19/whats-the-verdict-on-this-week/ (Snider’s post) explaining what happened the week of the repo market flare-up.
https://www.alhambrapartners.com/author/jsnider/ (Jeff Snider’s bio) at Alhambra.
Patrick Byrne https://www.youtube.com/watch?v=M_FZO9-ZIWU (on “naked shorts.”)
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The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/10/Garrison-on-Triangle.gif ()In a 2006 journal article, “On Hayekian Triangles,” Walter Block and William Barnett lists 14 separate objection to the popular device used (in various forms) by Hayek, Rothbard, and Roger Garrison to illustrate how artificially low interest rates lead to an unsustainable boom. Block concludes that the Hayekian triangle can be salvaged, while Barnett thinks it should be abandoned altogether. . . . . . Mentioned in the Episode and Other Links of Interest:
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1880543 (Barnett and Block’s (2006) paper) critiquing Hayekian triangles.
University home pages for http://business.loyno.edu/bio/william-barnett-ii (William Barnett) and http://business.loyno.edu/bio/walter-block (Walter Block).
Roger Garrison’s http://webhome.auburn.edu/~garriro/ppsus.htm (amazing PPT shows), contrasting sustainable and unsustainable growth in Austrian tradition. Also Garrison’s book http://webhome.auburn.edu/~garriro/tam.htm (Time and Money).
https://mises.org/library/study-guide-man-economy-and-state (Bob’s (free) study guide) to Murray Rothbard’s Man, Economy, and State. In particular, the diagrams on page 97 give a numerical example of how a drop in time preference changes the production structure, in the Austrian tradition.
Barnett later emailed Bob to clarify that during the interview he had been thinking of Mark Skousen’s book http://mskousen.com/economics-books/the-structure-of-production/ (The Structure of Production), and specifically figures 5.14 and 5.15.
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https://www.bobmurphyshow.com/wp-content/uploads/2019/10/reagan.jpeg ()Bob asks a series of tough (but fair, he hopes) questions for conservatives, ranging from tariffs to impeachment to drug prohibition. . . .
. . Mentioned in the Episode and Other Links of Interest:
Bob’s http://understandingbitcoin.us/ (free PDF) (co-authored with Silas Barta) on Bitcoin, and http://www.TheCaseForIBC.com (The Case for IBC).
News articles about https://www.timesofisrael.com/europe-rights-court-to-hear-of-secret-cia-prisons/ (CIA secret prison network), and https://www.nytimes.com/2012/05/29/world/obamas-leadership-in-war-on-al-qaeda.html (president’s Secret Kill List).
The argument linking immigrants to newborn babies of U.S. citizens was taken from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1881054 (Block and Callahan (2003)).
For more on the FBI sting operation of Chicago (and nearby) police officers involved with drug dealing, see chapter 20 in Bob’s free online book, https://mises.org/library/lessons-young-economist (Lessons for the Young Economist.)
For more on the case against intellectual property (IP), see https://mises.org/library/against-intellectual-property-0 (Stephan Kinsella’s pioneering essay).
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The audio production for this episode was provided by http://podsworth.com (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/10/Matt-Bankert.png ()Online rock artist and music blogger Matthew Bankert walks Bob through his picks for the Top Ten Libertarian Rock Bands. . . . . . Mentioned in the Episode and Other Links of Interest:
https://www.mattbankert.com/2018/07/19/the-top-10-libertarian-rock-bands/ (“The Top Ten Libertarian Rock Bands,”) according to Matt Bankert.
https://www.mattbankert.com/bob/ (The special link) for Bob Murphy Show listeners, to get a free Bankert song.
Bankert’s http://mattbankert.com/enlighten-me (new song).
Matt Bankert’s https://www.mattbankert.com/ (website), his https://www.youtube.com/channel/UCi2v-LECqvuhfXAhBjh6ayw (YouTube channel), and his http://facebook.com/mattbankert (Facebook page).
For Matt’s monthly playlist, search Spotify for “Libertarian Rock.”
https://www.youtube.com/watch?v=UIXWAHyysEg (Bob covers Dylan’s “Serve Somebody”) on the 2018 Contra Cruise.
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The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/10/johnny-depp.jpg ()Bob analyses the 2014 film Transcendence, starring Johnny Depp and Morgan Freeman. Besides making his case that Depp’s character was in the right, Bob explores some of the economic and even religious elements of the film. . . . Mentioned in the Episode and Other Links of Interest:
The https://www.youtube.com/watch?v=VCTen3-B8GU (trailer to Transcendence).
Bob’s article on https://mises.org/library/social-function-stock-speculators (the social function of stock speculation).
https://mises.org/library/garrisons-notion-secular-growth-compatible-solow-growth-literature (Bob’s journal article) that discusses Garrison’s version of Austrian business cycle theory in terms of the standard Solow growth model.
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The audio production for this episode was provided by http://podsworth.com (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/09/cachanosky.jpg ()Economist Nicolas Cachanosky specializes in the overlap between capital theory in traditional economics and the capitalization of cash flows in finance. He explains the relevance of these concepts to understanding the business cycle. Then Nicolas and Bob have a friendly disagreement over Mises’ views on fractional reserve banking. The conversation closes with Nicolas’ view on central banking policy since the financial crisis of 2008. . . . . . . . . Mentioned in the Episode and Other Links of Interest:
Nicolas Cachanosky’s http://www.ncachanosky.com/cv.html (CV), which contains citations to all of the articles discussed.
Peter Lewin’s book https://www.amazon.com/gp/product/B000FBFI0G/ref=as_li_tl?ie=UTF8&tag=consultingbyr-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B000FBFI0G&linkId=5f1b233898ed03d7a1a79f3049b27fd1 (Capital in Disequilibrium).
Bob’s Mises.org articles on https://mises.org/library/reswitching-question (reswitching), on https://mises.org/library/my-reply-krugman-austrian-business-cycle-theory (responding to Krugman’s critique) of ABCT, and on mainstream economists https://mises.org/ko/wire/mainstream-economists-don%E2%80%99t-even-get-their-dimensions-right (not getting their dimensions) right.
The Bob Murphy Show https://www.bobmurphyshow.com/ep-48-bob-explains-the-highlights-of-his-new-qjae-article-on-frb/ (episode 48), in which Bob discusses his new QJAE paper on the FRB debate.
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The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/09/tough-question.png ()Bob asks a series of tough (but fair, he hopes) questions for progressives, ranging from abortion to the minimum wage to climate change. . . . .
. . . Mentioned in the Episode and Other Links of Interest:
The https://www.nytimes.com/2012/05/29/world/obamas-leadership-in-war-on-al-qaeda.html (NYT (front page) article) discussing Obama’s “Secret Kill List.”
The https://www.youtube.com/watch?v=PIiyDiyUZ2w (clip of Obama) saying, “We tortured some folks.”
https://www.econlib.org/library/Columns/y2018/MurphyNordhaus.html (William Nordhaus vs. the UN) on climate change policy.
A cost-benefit analysis of https://marginalrevolution.com/marginalrevolution/2015/11/a-cost-bene%EF%AC%81t-analysis-of-government-compensation-of-kidney-donors.html (compensating kidney donors).
A (pro-intervention) https://climateactiontracker.org/ (website) showing the estimated effect of all governments meeting their Paris Agreement pledges. (Look at the thermometer on the front page.)
A https://www.americanthinker.com/articles/2010/04/death_by_cafe_standards.html (2010 article summarizing) some of the research on traffic fatalities and Corporate Average Fuel Economy (CAFE) regulations.
A https://www.econlib.org/library/Columns/y2015/Murphydisemployment.html (Murphy article) summarizing the “revisionist” literature on the minimum wage.
A http://www.aei.org/publication/there-really-is-no-gender-wage-gap-there-is-a-gender-earnings-gap-but-paying-women-well-wont-close-that-gap/ (2017 post) explaining some of the drivers of the gender “pay gap.”
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The audio production for this episode was provided by http://podsworth.com (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/09/julie-borowski-headshot.jpg ()Julie Borowski has a very popular YouTube channel producing funny videos that teach free-market economics and libertarian principles. She joins Bob to discuss her new children’s book, Nobody Knows How to Make a Pizza. . . . . . . . . . . Mentioned in the Episode and Other Links of Interest:
Julie’s new book, Nobody Knows How to Make a Pizza: https://www.amazon.com/gp/product/0578558564/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0578558564&linkId=b07d29742ee53d461185188d1611b252 (paperback) version or https://www.amazon.com/gp/product/B07WCQWGWF/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=B07WCQWGWF&linkId=de781414c5a00c52cc3d664082dafb08 (Kindle).
Julie’s website, http://libertyjunkies.com/ (LibertyJunkies.com).
Enter your email at http://bit.ly/JulieBorowski (this link) to possibly win a free signed book from Julie.
Some of Julie’s most popular YouTube videos: “https://www.youtube.com/watch?v=SgNV3FbottE (F-bombs for feminism),” “Lena https://www.youtube.com/watch?v=wAkdHzpXXo0 (Dunham): Your First Time PARODY,” and “https://www.youtube.com/watch?v=zVYKU9dP_i8 (Feel the Bern).”
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The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/09/Chappelle.jpeg ()Bob goes solo to analyze Dave Chappelle’s Netflix special, “Sticks & Stones.” Bob applauds one bit and criticizes another, but overall thinks Chappelle has done his duty as the court jester. . . . . Mentioned in the Episode and Other Links of Interest:
Jon Stewart’s hilarious segments on http://www.cc.com/video-clips/in35c7/the-daily-show-with-jon-stewart-indecision-2012---corn-polled-edition---ron-paul---the-top-tier (Ron Paul) and http://www.cc.com/video-clips/8tl067/the-daily-show-with-jon-stewart-paul-krugman---the-trillion-dollar-coin (Paul Krugman).
Dave Chappelle’s https://www.youtube.com/watch?v=MoudH-RPnEE (bit on abortion).
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The audio production for this episode was provided by http://podsworth.com (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/09/Marsha-Enright.png ()Marsha Familaro Enright founded the Council Oak Montessori School in Chicago, and is currently the President of “The Great Connections,” a gap-year program for students also located in Chicago. She has written on how education would work in a free society, and she warns that government voucher programs may backfire and ruin what independence private schools still retain.
. . . . . . Mentioned in the Episode and Other Links of Interest:
Marsha Familaro Enright’s http://www.thesavvystreet.com/i-run-a-private-school-and-im-against-school-vouchers/ (essay opposing school vouchers).
Marsha Familaro Enright’s http://marsha-familaro-enright.com/ (personal website).
The website for https://thegreatconnections.org/ (The Great Connections) gap year program.
Enright’s http://marsha-familaro-enright.com/liberating-education-what-education-would-be-like-in-a-fully-free-society/ (essay,) “What Education Would Be Like in a Fully Free Society.”
The collection of essays, http://www.resoundingbooks.org/books/commonground/ (Common Ground on Common Core).
Richard Hofstadter’s book, https://en.wikipedia.org/wiki/Anti-intellectualism_in_American_Life (Anti-Intellectualism in American Life).
The https://counciloakmontessori.org/ (Montessori school) Enright founded.
A list of the http://www.blog.montessoriforeveryone.com/top-ten-montessori-videos-on-youtube.html (Top 10 Montessori videos).
https://www.baltimoresun.com/education/bs-md-voucher-lawsuit-20190715-rkfgeecdezbafesoxn64b4sc54-story.html?fbclid=IwAR07d28xRIwz1jDBMfds8J6h-KakuztzF-lk5zZTcFj-uEVVg5VBYTCdPb0 (Maryland barred a school from receiving voucher funds) over LGBT curriculum.
https://www.illinoispolicy.org/nearly-40-of-education-spending-consumed-by-pension-costs/ (Study concluding) that 36% of education costs in Illinois consumed by pension funding.
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The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/09/ww1.png ()
Bob uses some samples from Dan Carlin’s amazing podcast, Hardcore History, to illustrate the flaws with State-provided military services. Bob concludes that minarchists have nothing to fear, and they should embrace the full vision of a voluntary society with no institutional coercion. . . . . Mentioned in the Episode and Other Links of Interest:
Dan Carlin’s https://www.dancarlin.com/product/hardcore-history-50-blueprint-for-armageddon-i/ (Hardcore History series on World War 1). (Link for Part I; excerpts came from Parts IV and V in the series.)
The https://www.bobmurphyshow.com/ep-46-bob-murphy-lectures-on-private-military-defense/ (Bob Murphy Show episode 46), summarizing Bob’s case for private military defense.
James Stokesbury’s https://www.amazon.com/gp/product/0688001297/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=0688001297&linkId=dccbe4174d5daa91cd4827c37341aecc (A Short History of World War I).
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The audio production for this episode was provided by http://podsworth.com (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/09/rap.png ()Robert Anthony Peters is a professional actor as well as a promoter of liberty. His most recognizable film roles were appearances in The Pursuit of Happyness (with Will Smith) and Steve Jobs. His latest creation is the short film “Tank Man.” . . . . . . . . .
. Mentioned in the Episode and Other Links of Interest:
The official website http://www.tankmanfilm.com/ (TankManFilm.com).
Robert Anthony Peters’ http://www.robertanthonypeters.com/ (website) and https://twitter.com/Robert3names (Twitter account).
The https://ij.org/ (Institute for Justice).
The https://www.youtube.com/watch?v=oKNy-MWjkcU (YouTube trailer) for “Space Jam.”
The website for http://talnexus.com/ (TalNexus).
The website for http://www.musicforliberty.com/ (Music For Liberty).
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The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/09/3M-and-10Y-yields.png ()
Bob goes solo to give a quick explanation of the Mises-Hayek theory of the boom-bust cycle, and how he used it to forecast the financial crisis in 2008 a year ahead of time. He then explains the significance of an “inverted yield curve,” and shows how the Austrians can understand its predictive power much better than Keynesians like Paul Krugman can. . Mentioned in the Episode and Other Links of Interest:
The https://lara-murphy.com/the-inverted-yield-curve-and-coming-recession/ (post at Lara-Murphy.com) explaining the decomposition of the yield curve.
https://mises.org/library/worst-recession-25-years (Bob’s October 2007 post), warning how bad the coming recession might be.
Info regarding https://mises.org/events/mises-institute-seattle-why-american-democracy-fails (the September 14, 2019 Mises Institute event in Seattle). (Contact Bob for a limited offer special deal.)
The https://reason.com/2014/11/30/whatever-happened-to-inflation/ (reason.com symposium) on “Whatever happened to inflation?”
Paul Krugman’s article on the yield curve, https://www.nytimes.com/2019/08/15/opinion/trump-economy.html (“From Trump Boom to Trump Gloom.”)
The https://www.newyorkfed.org/research/capital_markets/ycfaq.html (Federal Reserve’s papers) on the yield curve.
Check out free sample issues of the https://bobmurphyshow.com/lmr (Lara-Murphy Report).
Bob and Carlos Lara’s https://lara-murphy.com/video0916/ (video), “How to Weather the Coming Financial Storms.”
https://mises.org/library/winners-curse (Bob’s article on “the winner’s curse”) and the assumptions underlying the analysis.
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https://www.bobmurphyshow.com/wp-content/uploads/2019/08/blind-justice.jpg ()Patrick Frey has more than two decades of experience as a Los Angeles prosecutor. Although he is an enthusiastic fan of Austro-libertarianism, Frey comes on the show to challenge Bob’s views on plea deals and an-cap society. . .
. .
Mentioned in the Episode and Other Links of Interest:
The https://www.bobmurphyshow.com/ep-33-why-plea-deals-are-a-gross-miscarriage-of-justice/ (Bob Murphy Show ep. 33) (on plea bargains).
The https://www.bobmurphyshow.com/ep-51-hannah-cox-tells-conservatives-why-they-should-oppose-death-penalty/ (Bob Murphy Show ep. 51) (on the death penalty).
Patrick Frey’s http://patterico.com/ (personal blog) and https://twitter.com/Patterico (Twitter account).
Join Tom Woods’ https://www.bobmurphyshow.com/classroom (Liberty Classroom) (where Bob has two courses).
Tom Woods tries to discuss his new book on https://youtu.be/TrcM5exDxcc (“Interview With a Zombie.”)
Bob’s pamphlet on private law, https://mises.org/library/chaos-theory (Chaos Theory).
Bob’s lecture on private law, https://youtu.be/4rq3RcUyMrM (“The Market for Security.”)
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The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/08/goalposts.jpg ()
Bob goes solo to explain a common rhetorical dodge that he’s encountered from both the progressive Left and the conservative Right. On the issue of slavery and reparations, the Left will argue that modern whites benefited from the institution. When someone like Murphy points out that slavery actually made the average white person poorer, the leftist may object that this isn’t about economics, but about privilege and social hierarchy. Likewise, when Bob pointed out that Tucker Carlson’s “economic nationalism” would hurt the national economy, right-wingers responded that they cared about culture, not just prices at Walmart. . Mentioned in the Episode and Other Links of Interest:
The https://www.bobmurphyshow.com/ep-40-tucker-carlson-wants-affirmative-action-for-american-workers/ (Bob Murphy Show episode 40) on Tucker Carlson wanting affirmative action for U.S. workers.
Bob’s mises.org https://mises.org/wire/left-argues-slavery-was-economic-blessing-heres-why-they-are-wrong (article on why slavery was not good) for the U.S. economy.
Check out free sample issues of the https://bobmurphyshow.com/lmr (Lara-Murphy Report).
http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/08/robbysoave.jpg ()Robby Soave, a writer at Reason, was the first journalist to shatter the original narrative about the Covington Catholic students caught in the infamous faceoff with Native American Nathan Phillips. But Soave has also tried to correct the unfair coverage of Ilhan Omar.
Mentioned in the Episode and Other Links of Interest:
Robby Soave’s reason.com articles on https://reason.com/2014/12/01/is-the-uva-rape-story-a-gigantic-hoax/ (Rolling Stone’s irresponsible coverage) of the UVA rape allegation, https://reason.com/2019/01/20/covington-catholic-nathan-phillips-video/ (the Covington students), how Ilhan Omar was https://reason.com/2019/07/25/ilhan-omar-video-fear-white-men/ (taken out of context), and on the https://reason.com/2019/07/23/jessica-yaniv-da-silva-brazilian-wax-balls/ (Brazilian wax controversy).
Soave’s new book, https://www.amazon.com/gp/product/1250169887/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1250169887&linkId=ab7f95c61188564922ceb1dd8a4166e5 (Panic Attack: Young Radicals in the Age of Trump).
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The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/08/bob-and-tom.jpg ()In a fitting act of reciprocity, Tom Woods has Bob on his show for episode 1307 (which originally ran in December 2018), much like Bob had Tom on his show for episode 1. Bob explains how he got into Austrian economics and libertarianism.
Mentioned in the Episode and Other Links of Interest:
The website for The https://tomwoods.com/podcasts/ (Tom Woods Show).
The website for https://contrakrugman.com/ (Contra Krugman), the podcast co-hosted by Tom and Bob.
https://bobmurphyshow.com/classroom (Bob’s link for Liberty Classroom), created by Tom with 2 courses from Bob.
Bob’s book https://www.independent.org/store/book.asp?id=116#t-2 (Choice).
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The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/08/hannah-cox.jpg ()
Hannah Cox is National Manager of the organization Conservatives Concerned About the Death Penalty. She is conservative/libertarian on standard policy issues, and is a strong advocate of the 2nd Amendment, but even so–perhaps surprisingly to some–she is also very alarmed with the State’s abuses in the criminal justice system.
Mentioned in the Episode and Other Links of Interest:
The website for https://conservativesconcerned.org/ (Conservatives Concerned About the Death Penalty.)
https://deathpenaltyinfo.org/ (DeathPenaltyInfo.org), a site providing statistics.
https://www.newsmax.com/hannahcox/death-penalty-justice-reform/2018/09/24/id/883151/ (Hannah’s NewsMax article) on death penalty flaws.
https://www.newsmax.com/hannahcox/dna-forensics-crime-lab-bias/2019/07/15/id/924483/ (Hannah’s NewsMax article) on flaws with forensic crime scene analysis.
How http://bobmurphyshow.com/contribute (you can contribute) to the Bob Murphy Show.
The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/08/roddy-piper.jpeg ()
Bob analyzes John Carpenter’s 1988 cult classic, “They Live,” starring Roddy Piper. After making some general observations about the major thematic elements, Bob critiques the main character’s strategy for dealing with an alien takeover of the media and government.
Mentioned in the Episode and Other Links of Interest:
The https://www.bobmurphyshow.com/ep-14-murphy-on-parables-lizard-people/ (Bob Murphy Show episode 14) on parables and lizard people.
The https://www.youtube.com/watch?v=gDKdHuyQpHY (YouTube clip) of the famous scene from the movie.
The https://www.nytimes.com/2012/05/29/world/obamas-leadership-in-war-on-al-qaeda.html (NYT article) explaining Obama’s Secret Kill List.
http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/08/Patrick-Newman-2017.jpg ()Economist Patrick Newman relays his adventurous tale of deciphering Murray Rothbard’s handwritten manuscript on early American history. Needless to say, Rothbard’s take is not what you learned in school.
Mentioned in the Episode and Other Links of Interest:
Patrick Newman’s https://mises.org/library/original-unpublished-chapter-5-man-economy-and-state (QJAE article) on Rothbard’s previously unpublished chapter on production theory (intended to be Chapter 5 of Man, Economy, and State).
Rothbard’s https://mises.org/library/conceived-liberty-2 (Conceived in Liberty) (vols. I – IV).
Rothbard’s https://mises.org/library/world-war-i-fulfillment-power-and-intellectuals-2 (classic JLS article) on the Progressive Era, “World War I as Fulfillment: Power and the Intellectuals.”
Newman’s https://www.youtube.com/watch?v=p_PIom3a64w (Mises University lecture) on Rothbard and the Progressive Era.
https://bobmurphyshow.com/classroom (Bob’s link) for Tom Woods’ Liberty Classroom.
How http://bobmurphyshow.com/contribute (you can contribute) to the Bob Murphy Show.
The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).
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Bob goes solo to explain some of the most important points in his new QJAE article on the fractional reserve banking debate. Bob shows why Mises thought any issuance of fiduciary media caused the boom-bust cycle, and he points out a major flaw in George Selgin’s defense of fractional reserve banking.
Mentioned in the Episode and Other Links of Interest:
Bob’s https://mises.org/library/more-quibbles-problems-theory-and-history-fractional-reserve-free-banking (new article in the QJAE) on fractional reserve banking.
Bob’s https://youtu.be/N0VOodu-f98 (Mises U lecture) that gives a primer on the intra-Austrian debate on FRB.
http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/07/ben-powell.jpg ()Ben Powell, head of the Free Market Institute at Texas Tech, discusses his newly released book Socialism Sucks (co-authored with Robert Lawson). Powell and Lawson toured countries around the world to observe firsthand life under ACTUAL socialism–in places like North Korea and Venezuela–versus places that merely have large welfare states (like Sweden). They concluded that, well, socialism sucks.
Mentioned in the Episode and Other Links of Interest:
The new book by Ben Powell and Robert Lawson, https://www.amazon.com/gp/product/162157945X/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=162157945X&linkId=f68d9e0d34edbb4656945fe450f13077 (Socialism Sucks: Two Economists Drink Their Way Through the Unfree World).
The https://www.depts.ttu.edu/freemarketinstitute/ (Free Market Institute) at Texas Tech.
The https://www.fraserinstitute.org/studies/economic-freedom-of-the-world-2018-annual-report (Economic Freedom of the World) Report (and related literature).
A Powell essay on the https://www.econlib.org/library/Columns/y2010/Powellimmigration.html (economic case for immigration).
FMI’s Kevin Grier (and co-author) using synthetic control to https://econpapers.repec.org/article/eeejeborg/v_3a125_3ay_3a2016_3ai_3ac_3ap_3a1-21.htm (assess the impact of Hugo Chavez’s regime.)
How http://bobmurphyshow.com/contribute (you can contribute) to the Bob Murphy Show.
The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).
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On July 19, 2019, Bob gave a talk on private military defense at Mises University. It was an elaboration of his standard talk from previous years on “The Market for Security.”
Mentioned in the Episode and Other Links of Interest:
Bob’s frequent Mises U lecture that includes private law, https://www.youtube.com/watch?v=4rq3RcUyMrM (“The Market for Security.”)
Bob’s pamphlet, https://mises.org/library/chaos-theory (Chaos Theory), and his http://libertarianpapers.org/murphy-libertarian-law-military-defense/ (Libertarian Papers article) on private law and military defense.
http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/07/michel-accad.png ()Michel Accad practices cardiology and general internal medicine in San Francisco, and holds a part-time clinical faculty appointment at the University of California San Francisco.This episode continues the discussion that Bob had with Dr. Michel Accad back in http://bobmurphyshow.com/43 (ep. 43). There, Bob reviewed the development of concepts like “efficiency” and “market failure,” so that now he and Michel (in the current episode) could understand the pioneering 1963 article from Kenneth Arrow on health care economics. Specifically, Arrow outlines reasons that (in his mind) a free market in health care and health insurance won’t work very well.
Mentioned in the Episode and Other Links of Interest:
Michel Accad’s website, http://alertandoriented.com/about/ (Alert and Oriented), and https://accadandkoka.com/ (his podcast).
Michel’s twitter handle is https://twitter.com/michelaccad (@michelaccad).
Kenneth https://web.stanford.edu/~jay/health_class/Readings/Lecture01/arrow.pdf (Arrow’s pioneering article) on health care economics.
How http://bobmurphyshow.com/contribute (you can contribute) to the Bob Murphy Show.
The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/07/steve-patterson.jpg ()Steve Patterson–host of “Patterson in Pursuit”–talks to Bob about one of his recent essays, in which Patterson challenged the standard Misesian/Rothbardian view on economics. Specifically, Patterson claims that you can’t get very far with pure a priori reasoning–even pretty basic economic laws rely on empirical assumptions.
Mentioned in the Episode and Other Links of Interest:
http://steve-patterson.com/abuse-apriorism-economics/ (Steve Patterson’s essay) challenging a priori economics.
The podcast http://steve-patterson.com/podcast/ (Patterson In Pursuit).
http://steve-patterson.com/ep-10-christian-beliefs-experiences-dr-robert-murphy/ (Bob’s appearance) on Patterson in Pursuit.
Steve Patterson http://steve-patterson.com/challenging-empiricism-with-poker/ (challenges empiricism with poker).
Steve Horwitz’s https://www.cato-unbound.org/2012/09/17/steven-horwitz/minimizing-methodology (essay on methodology).
The https://bobmurphyshow.com/lmr (Lara-Murphy Report).
How http://bobmurphyshow.com/contribute (you can contribute) to the Bob Murphy Show.
The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/07/michel-accad.png ()Michel Accad practices cardiology and general internal medicine in San Francisco, and holds a part-time clinical faculty appointment at the University of California San Francisco. This episode reproduces a discussion Bob had on Michel’s podcast, where they discussed the development of “welfare economics” in mainstream theory, in preparation for their subsequent discussion (which will be Bob Murphy Show ep. 45) of Kenneth Arrow’s famous paper critiquing free-market health care delivery.
Mentioned in the Episode and Other Links of Interest:
Michel Accad’s website, http://alertandoriented.com/about/ (Alert and Oriented), and https://accadandkoka.com/ (his podcast).
Michel’s twitter handle is https://twitter.com/michelaccad (@michelaccad).
Rothbard’s https://mises.org/library/toward-reconstruction-utility-and-welfare-economics-1 (famous article) on welfare economics.
How http://bobmurphyshow.com/contribute (you can contribute) to the Bob Murphy Show.
The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/06/direct-republic.jpg ()Like the Matrix, you cannot be told about a 3-hour conversation with Donnie Gebert; you must hear it for yourself. But here’s the blurb from his book: “All members of a direct republic sign…the constitution/social contract. This contract states you will not engage in murder, rape, theft, and basic crimes against humanity. Once signed, the individual becomes their own representative and places social contributions directly into the funding pools for the social projects they approve of.”
(NOTE: Murphy erroneously describes Gebert as an “intelligence officer” in the introductory remarks, but in fact Gebert was a sergeant. The mistake was Murphy’s, not due to Gebert.)
Mentioned in the Episode and Other Links of Interest:
Donnie Gebert’s book, https://www.amazon.com/gp/product/B07P5R18VF/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=B07P5R18VF&linkId=c62a060eaa0b06b10855473a98cb57e3 (A Direct Republic: The Null Hypothesis of Politics).
(Or get it free on Nook https://m.barnesandnoble.com/w/books/1130754737?ean=2940161289730 (here).)
Bob’s booklet https://mises.org/library/chaos-theory (Chaos Theory), his http://libertarianpapers.org/murphy-libertarian-law-military-defense/ (journal article on private defense), and his lecture on https://www.youtube.com/watch?v=hY5OYdGevAQ (“The Market for Security.”)
https://www.youtube.com/watch?v=gTbg11pCwOc (Wesley Clark’s (in)famous description) of the military plan for the Middle East.
How you can https://www.bobmurphyshow.com/blog/help-support-the-bob-murphy-show/ (contribute to the Bob Murphy Show).
The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).
https://www.bobmurphyshow.com/wp-content/uploads/2019/06/karl-smith.jpg ()Bob has a friendly discussion/debate with Karl Smith. First Bob pushes Karl to clarify the conditions under which government deficit spending could, even in theory, help a depressed economy. Then they switch to the economics of climate change, and Bob’s view that the case for a carbon tax is much weaker than most economists admit.
Mentioned in the Episode and Other Links of Interest:
Karl Smith’s https://www.bloomberg.com/opinion/authors/AThZA5-AOcI/karl-w-smith (article archive at Bloomberg).
Karl’s https://twitter.com/karlbykarlsmith (twitter account).
Bob and Karl’s https://youtu.be/lPxzE2XM1TY (live (online) debate).
Bob’s (co-authored) https://www.cato.org/publications/policy-analysis/case-against-us-carbon-tax (Cato article critiquing a carbon tax).
How you can https://www.bobmurphyshow.com/blog/help-support-the-bob-murphy-show/ (contribute to the Bob Murphy Show).
The audio production for this episode was provided by https://www.podsworth.com/ (Podsworth Media).
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Tucker Carlson gives unambiguous approval for Elizabeth Warren’s call for “economic nationalism,” saying her proposal sounds like “Trump at his best.” Carlson pillories American companies for outsourcing their operations to other countries, and blames Republican leadership for its dedication to doctrinaire libertarianism and Austrian economics. (Not a joke.) Bob disagrees with this take.
Mentioned in the Episode and Other Links of Interest:
https://www.youtube.com/watch?v=SUW8kbZyucI (Tucker Carlson’s segment) on Elizabeth Warren’s economic nationalism/patriotism.
One of https://mises.org/library/free-trade-and-factor-mobility (Bob’s responses to Paul Craig Roberts) on outsourcing and the classical case for free trade.
https://www.politico.com/story/2019/04/04/cory-gardner-trump-marijuana-bill-1255762 (Politico article) explaining that Mitch McConnell not on board with Trump on pot legalization.
http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show.
The audio production for this episode was provided by http://podsworth.com (Podsworth Media).
Bob talks with Stephan Kinsella about the basis of libertarian law, and how we could have justice without a coercive State. They then discuss Stephan’s pathbreaking work making the case that property must be in tangible things, rendering “intellectual property” an incoherent and dangerous concept.
Mentioned in the Episode and Other Links of Interest:
- Stephan’s website.
- Stephan’s classic monograph, “Against Intellectual Property.“
- Stephan’s article, “What It Means to Be an Anarcho-Capitalist.“
- Stephan’s article, “How I Became a Libertarian.“
- Bob’s pamphlet Chaos Theory, as well as his journal article on private law and military defense.
- Bob (with Gene Callahan) critiques Hans Hoppe’s argumentation ethics, while Stephan defends Hoppe.
- How you can contribute to the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob replays a recent Contra Krugman episode where he went solo, covering a Paul Krugman column on infrastructure spending. In addition to getting the economics wrong (as usual), Krugman also make a shocking admission about his willingness to harm the country so long as it denied Trump a political victory. Mentioned in the Episode and Other Links of Interest:
- Krugman’s column on Trump and infrastructure.
- The website for Contra Krugman, the podcast Bob co-hosts with Tom Woods.
- Bob’s link for Liberty Classroom.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Keith Smith is an anesthesiologist who founded the Oklahoma Surgery Center, and the Free Market Medical Association. He is a medical doctor but also a student of economics. Bob and Keith discuss the recent FMMA conference in Dallas, and explain how patients and doctors right now can break out of our broken health care / insurance system.
Mentioned in the Episode and Other Links of Interest:
- The Surgery Center of Oklahoma.
- Free Market Medical AssociationThe (FMMA).
- Murphy’s book, co-authored with Doug McGuff, The Primal Prescription.
- Christian Healthcare Ministries. NOTE: Dr. Smith mentioned this organization in the interview; Murphy has no affiliation with it.
- DPCFrontier.com (to find a Direct Primary Care doctor). NOTE: Dr. Smith mentioned this site in the interview; Murphy has no affiliation with it.
- How you can contribute to the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob goes solo to point out a common fallacy among even self-described anarcho-capitalists, when they blame a social problem on “too little government.” For example, in standard arguments over drug prohibition, sometimes libertarians will argue, “A drug dealer can’t call the cops if he gets robbed, so this leads to more violence in the industry.” Bob explains what’s wrong with this way of thinking. Mentioned in the Episode and Other Links of Interest:
- Bob’s textbook for junior high students, Lessons for the Young Economist (free PDF).
- Bob’s episode 19, making the case that Rothbardian institutions would quickly become nonviolent.
- Alex Tabarrok argues that anarchy is worse than socialism in Venezuela.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Scott Horton returns to the podcast to share his wealth of knowledge on a variety of topics. Bob first gives Scott the opportunity to express his unhappiness with the recent episode (#29) on Ilhan Omar. Then they discuss the economic crisis in Venezuela, the carnage in the Middle East, the Mueller Report, and finally answer questions from the BMS Secret Facebook Group.
Mentioned in the Episode and Other Links of Interest:
- The Scott Horton Show.
- Scott’s book on Afghanistan, Fool’s Errand.
- The Bob Murphy Show ep. 29 (which Scott did not like).
- David Stockman’s antiwar.com article on RussiaGate.
- A NYT article declaring: “[T]he White House needed to placate the Saudis as the administration completed a nuclear deal with Iran, Saudi Arabia’s archenemy. That fact alone eclipsed concerns among many of the president’s advisers that the Saudi-led offensive [in Yemen] would be long, bloody and indecisive.“
- Weisbrot and Sachs on whether Venezuelan government or US is to blame for Venezuelan economic crisis.
- The Case for IBC.
- The Lara-Murphy Report.
- How you can contribute to the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob brings on special guest Avi Loeb, who is the Frank B. Baird Jr. Professor of Science and Chair of the Astronomy Department at Harvard. Among other positions, Prof. Loeb is founding Director of the Black Hole Initiative, and is thus ideally suited to explain the recent images of a massive black hole circulating on social media. Loeb also has been at the center of media discussion concerning the strange object in space named ‘Oumuamua, which has several properties that make Loeb hypothesize that it might not be a strictly natural phenomenon.
Mentioned in the Episode and Other Links of Interest:
- Professor Avi Loeb’s Harvard homepage.
- NASA article, “How Scientists Captured the First Image of a Black Hole.”
- Professor Loeb’s essay, “6 Strange Facts About the Interstellar Visitor, ‘Oumuamua.”
- Lara-Murphy.com, the website combining Austrian economics and Nelson Nash’s Infinite Banking Concept (IBC).
- How you can contribute to the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob goes solo to explain why the common practice of “offering a plea deal” is a horrible practice, which gives us little reason to trust that those convicted are actually guilty of the crimes to which they confess.
Mentioned in the Episode and Other Links of Interest:
- Join Bob and Tom Woods on the Contra Cruise!
- The Bob Murphy Show, ep. 32 (in which Lew Rockwell discusses the college cheating faux scandal).
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob brings on Mises Institute founder Lew Rockwell to primarily discuss Lew’s article in defense of Lori Loughlin. Why is the FBI involved in a college admission scandal in the first place? And why is Lori Loughlin’s behavior so much worse than all the other cheating that happens systematically? Bob and Lew then discuss the chilling role of the FBI in American life, as well as various methods by which the CIA takes care of business. Bob also asks Lew questions submitted in the BMS Facebook group.
Mentioned in the Episode and Other Links of Interest:
- Lew’s popular website, LewRockwell.com
- Lew’s recent article, “Free Lori Loughlin and All Political Prisoners.”
- Bob’s 2007 LRC article, “In Defense of Andrew Speaker.”
- Lew’s book Fascism vs. Capitalism.
- The Church Committee Reports.
- How you can contribute to the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob finishes his 3-part series by first reviewing the contributions of Bohm-Bawerk, Fetter, and Mises to the modern Austrian explanation of interest, namely the “pure time preference theory” (PTPT). Then Bob explains some of the problems for the PTPT, especially for Austrian economists. Instead Murphy offers a much more straightforward–and Austrian!–approach, which explains interest as the premium placed on present vs. future units of money.
Mentioned in the Episode and Other Links of Interest:
- Part 1 and Part 2 in this series (BMS ep. 26 and 28).
- Bob’s doctoral dissertation, in which the second and third essays elaborate on the main elements of this episode.
- Eduard Braun’s article explaining how Carl Menger changed his view on capital. (Thanks to Ryan Griggs.)
- Use Bob’s special link to subscribe to Liberty Classroom, where (among other courses) you can get Bob’s two courses on the History of Economic Thought.
- Bob’s book (co-authored with Nelson Nash and Carlos Lara) The Case for IBC, which explains the Infinite Banking Concept.
- Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
Bob brings on Robbie “the Fire” Bernstein, host of Run Your Mouth and junior host to Dave Smith on the popular libertarian podcast Part of the Problem. Bob and Robbie discuss the NYC stand-up comedy scene, and give a tutorial on jokes using some examples. Bob asks Robbie whether the mocking campaign against AOC might backfire, and then Robbie turns the tables by asking Bob about the coming economic crash.
Mentioned in the Episode and Other Links of Interest:
- Robbie’s podcast Run Your Mouth, plus his show with Dave Smith, Part of the Problem.
- The three joke clips discussed: one, two, and three.
- Audience member at Porcfest trolls Bob, saves the scene.
- The trailer to the Billy Crystal movie, “Mr. Saturday Night.”
- Carlos Lara and Bob on the coming financial storms.
- Details on the May 10, 2019 seminar in Nashville on IBC and the coming crash.
- How you can contribute to the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.