19 May 2011

Mr. Murphy Goes to Washington

Federal Reserve, Financial Economics, Shameless Self-Promotion 20 Comments

On Wednesday, May 25th, I’ll be testifying at the Oversight and Government Reform Committee (chaired by Darrell Issa) at 1:30. The topic will be the connection between Fed policy and high oil prices. The people I’m talking to don’t know right now if it will be televised.

Right now Intrade gives me a 34% shot of causing Bernanke to resign by June 1. We’ll see.

20 Responses to “Mr. Murphy Goes to Washington”

  1. RG says:

    First DiLorenzo then Ebeling now you?! Fun to see AnCaps get a voice in the state’s records.

    • bobmurphy says:

      Let’s not mix up the order.

      • RG says:

        Do pre-crises appearances count?

        • bobmurphy says:

          BTW I don’t know if Ebeling considers himself an anarchist.

          • RG says:

            I don’t know for certain either, but he was very passionate last summer a the Clarity event and spoke all the truths I hold dear. Plus your connection with him made it natural for me to lump him in.

  2. MamMoTh says:

    No way you will make him resign any time unless he invites you to his room in a Sofitel hotel.

    10000 coconuts it won’t happen, who is up?

    • MamMoTh says:

      No takers? Is it a sign of a lack of faith in Murphy or in coconuts?

    • Austro-Libertarian says:

      Sure! But let’s change to $10,000.
      Then, if I lose, all you will need to do is email me at phisher@fakebank.info with your bank account number and I will forward you the money.

      • MamMoTh says:

        Ha! What kind of libertarian austrolopithecus would prefer uncle sam’s IOUs to coconuts?

        • Austro-Libertarian says:

          Me. $10,000 will get me a nice Buick Roadmaster Estate Wagon and a 1980’s Toyota Tercel wagon w/ the 5-speed manual with the 6th extra-low gear and part-time 4WD.
          Come on, you didn’t think I was going to keep the money, did you now?

          • Austro-Libertarian says:

            What? You’re not taking me up on this? Is this a sign of lack of faith in phiser@fakebank.info or faith in The Murph?

  3. David S. says:

    This is just the sort of thing licensing economists would help prevent. Even Republicans might hesitate to bring in an unlicensed economist to offer testimony.

    • RG says:

      …or a reg forcing all bepated economists to offset with an acceptably full beard.

    • bobmurphy says:

      David S., since you’re not dropping this “funny” train of thought, I guess I should point out that I would have no problem getting licensed. I was able to go through NYU and get a PhD, after all. All of my classwork was graded by New Keynesians. I know how to pass a test.

      • Major_Freedom says:

        Dr. Murphy, I humbly suggest that you don’t waste your time defending yourself to that idiot. You’re waaaaay above him.

        He wants to feel like he has authority over others. Defending yourself to him just plays right into his sick mind.

      • David S. says:

        Bob, that’s only part of the goal. The other would be to make offering testimony, or services to government or private clients based on unscientific theory or data subject to review by a licensing board which could subject you to discipline up to and including loss of licensure.

        Also, I hope it lead to exposing economists to possible malpractice civil claims.

  4. Tyler says:

    Got some empirical data to prove that, Bob? Try understanding Popper before you try to respond to me again, LOL.

    • bobmurphy says:

      Pretty sure he uses lowercase.

    • Major_Freedom says:

      Got access to a world where the Fed didn’t do what it did, so that we can compare? Really? Great, when you can prove it exists, call Stephen Hawking.

      Yeah, maybe it’s better that we don’t reason our way through economics, and instead pretend to have access to parallel worlds and call it “empirical science.” That way, our theories can never be refuted! Woot!

      • MamMoTh says:

        Do you really think astrophysicist run experiments with galaxies, starts and planets in their labs?