Bob Murphy

Author Archive

Contra Krugman Episode 21, and Contra Cruise Ready for Booking!

Here’s the link to the latest episode, where Tom and I kinda sorta agree with Krugman’s reaction to Market Monetarists on the Fed and the Great Recession. But perhaps more important, you can now reserve your spot on the 2016 Contra Cruise!!

Notes on Black-Scholes (From 2003)

The eclectic von Pepe asked me to dig these up… I haven’t reviewed them, but 2003 Bob knew this stuff better than 2016 Bob so let’s hope he didn’t screw up. * * * Notes on Black-Scholes Robert P. Murphy July 2003 A friend from the finance world asked me to review the original Black-Scholes […]

Portrait of the Bible Neophyte as a Young Man

Especially for those of you who are believers, I strongly encourage you to get into a systematic study of the Bible. This should include not only reading the whole thing cover to cover (you might take more than a year to do it), but also supplementing your personal reading with expert commentary. For example, once […]

Am I Just a Permabear?

In the comments of this post, Gene Callahan doesn’t shirk his duty of constantly assuming I started reading financial economics last Tuesday: But Bob, weren’t you predicting market disaster when the Dow was at 6000? (I was buying at that point, fwiw.) Weren’t you predicting it through the whole rise of the last seven years? […]

IER Analysis of Obama’s Proposed $10 per Barrel Tax on Oil

Here.

Treasury Yield Curve Over the Last Year

This might be useful to some of you: It’s obvious in the above that the Fed action has raised very short term rates while bringing down longer rates. (To explain some of the movements earlier, remember that markets thought the Fed was first going to raise the fed funds target in September, and then it […]

The Fed’s Magic Trick Won’t Work

Hit and Run on Sumner

We have a super duper awesome conference this weekend here at the Free Market Institute, so I have to be brief. Let me first motivate this post by issuing the following statement, to which I want you to react: *** Ten-year bond yields have plummeted to 1.83%, from about 2.2% when the Fed “raised” interest […]