Bob Murphy

Author Archive

CPI in 2015 Highest on Record: Inflation Deniers Beware

David Kreutzer, an economist at the Heritage Foundation, is one of my favorite guys in the climate change debate. (I invited him to the IER conference on carbon tax that I organized.) Today he sent me his recent article in the Daily Signal reacting to the NOAA report that 2015 was the second-hottest US year […]

Murphy Explains His Connection to “Infinite Banking Concept” at Summit in November

This was a short talk I gave at a meeting of financial professionals back in November in St. Louis. Either way, check out the discussion about the stock market starting at 21:00.

Step #4 In My Dispute With Beckworth: The Market (Apparently) Lowered Forecast of Future Fed Funds After Critical 2008 Meetings

I have a running response to David Beckworth’s defense of Sen. Ted Cruz’s remarks concerning the causes of the 2008 financial crisis. (Here are links to #1, #2, and #3.) This, #4, is my final argument, though I may do follow-ups based on reactions from David and/or his fans in the comments. In earlier steps […]

Continuing With My Questioning of Sumner

Scott partially answered my question (which I posted here for your viewing convenience), but he didn’t elaborate on why he uses the formula (i-IOR) to get his desired result that IOR is contractionary, even though higher interest rates per se are expansionary. (It should go without saying that I’m just dabbling within Scott’s framework to […]

Federal Debt “Held By the Public” as Share of GDP

Someone making a video asked me to dig this up, so I thought I’d share it with you guys too…

Sumner Arguing That Low Interest Rates Are Contractionary

Scott has been posting some interesting stuff on this topic (one, two, three). Many of you–and Scott himself, at the tail end of this post–are bracing for me to go nuts, accusing him of all kinds of inconsistency. But nope, I am far more judicious than you realize. However, I do think there is something […]

A Fun Potpourri

==> Hillary Clinton says aliens may have already visited us, and back in 2009 she referred to the New York CFR office as “the mother ship.” I’m not saying she’s an alien, but… ==> Brittany Hunter wants libertarian women to be careful not to go for the cheap tactic of using their looks to get […]

Lew Rockwell Joins Tom and Me to Discuss Krugman’s Column

This was a fun discussion. If you only listen sporadically to Contra Krugman, this is a good one to pick. The specific topic is Krugman’s claim that today’s Republicans are radical small-government nutjobs who are doubling down on Dubya.