Bob Murphy

Author Archive

Tom Woods and I Push Back on Krugman’s Climate Hysteria

I think I missed blogging this; Contra Krugman Episode 14. Incidentally with traveling and getting a bad cold, I have been behind. I will do Step #3 of my response to Beckworth soon…

Yet Another Example of Wildly Misleading Title

My friend from college (who is Catholic, incidentally, so I’m not saying he was an atheist with an axe to grind) posted this article on FB. We could see the headline blurb in the FB thumbnail, and it said: “Virginia Schools Shut Down After Islam Is Included in World Religion Lesson.” Now I knew that […]

Step #2 in My Dispute With Beckworth: Moving From Wages to Interest Rates

In Step #1 we established that the “tightness” or “looseness” of an employer’s wage policy involved the absolute level of wages, relative to what was previously expected. Changes in the expected future movement of wages was incidental, and indeed could give you the wrong answer, in cases where it went the opposite way from movements […]

Step #1 in My Dispute With Beckworth: Defining the Stance of Future Policy

I realize that when I’m being too cutesy, it’s not clear what my overall purpose is. So let me first state the overall situation, and then proceed to the (narrow) point of this particular post. Overall: Recently, David Beckworth wrote a post defending Ted Cruz’s remarks about the Fed in 2008. David had two main […]

A Hypothetical Discussion About Employer Wage Policy

It is late October. The boss of a group of office workers makes an announcement regarding their paychecks for the rest of the year. Specifically, he announces that in addition to their base pay, all employees will receive a bonus of $1,000 added to the November paycheck and $700 added to the December paycheck. The […]

Quick Project for Those Versed in Financial Markets

OK kids, here’s what I want. To sweeten the pot, the first person to post in the comments has the right to ask me for a $20 PayPal payment. And if someone’s comment is held up by the blog awaiting moderation, we’re going with the first person whose comment is visible. So keep that in […]

Quick Response to Market Monetarists on Cruz

I really have to be quick because I need to get on the road, so I admit I’m not doing this justice. But I just want to note the progression of the argument here: 1) Ted Cruz said, “In the summer of 2008…the Federal Reserve told markets that it was shifting to a tighter monetary […]

Potpourri

==> Tyler Cowen lobs a softball, and his clever critics in the comments throw their backs out they swing so hard. Very entertaining all around. ==> Gene Callahan at his blog has been posting some provocative things on the conventional view of how (natural) science progresses. ==> Surely anthropogenic climate change can be used to […]