Bob Murphy

Author Archive

Potpourri

Sorry for the scant blogging, but I’m in the middle of a move to Texas. In six months, when you see the prodigious output of academic journal articles, you will thank me. (Or not.) Anyway: ==> I have a new Cato working paper on carbon taxes. I co-authored it with climate scientists Pat Michaels and […]

Steve Landsburg Experiences the Ultimate Male Blogger’s Nightmare

In the comments to this post, both his wife *and* mom showed up to zing him. We all need to be extra nice to Steve this week.

Jeremiah Asks: Why Do Good Things Happen to Bad People?

Jeremiah asks an age-old question (I will omit block quotes to keep the formatting appealing): Jeremiah’s Question 12 Righteous are You, O Lord, when I plead with You; Yet let me talk with You about Your judgments. Why does the way of the wicked prosper? Why are those happy who deal so treacherously? 2 You have planted […]

Potpourri

==> Jeffrey Rogers Hummel on backdoor reserve requirements via Basel. BTW, I don’t like the Alchian & Allen argument that Jeff quotes; I think it gets things backwards when it comes to the function of reserve requirements. But that quibble aside, Jeff is an encyclopedia on the details of central banks. ==> I can’t remember […]

Question for Bernanke?

I got this inquiry, with permission to post here: Message: hey mr. murphy, i am a junior in high school and this fall, ben bernanke will be speaking at my school. as a follower of yours, i agree completely with your views, and love your wit. i expect that after his speech we will be […]

One Last One on Sumner vs. Murphy

I am really going to drop it after this, partly because we have devolved into metal chair bashing, and partly because I plan on doing some technical papers while at Texas Tech, and Scott may be one of the few bloggers who appreciates them… Anyway, in this post Scott first lectures me on how the […]

Announcing the IBC Workshop

The footage of us lecturing comes from a February 2015 workshop we put on in Birmingham. I realized that you guys don’t understand the quite specific presentations my co-author, Carlos Lara, and I have been giving to audiences during the summer. No, I wasn’t telling them, “I expect a spike in the VVIX on Monday, […]

A Note on Stock Market Volatility

So if I promise to criticize myself, can I get a blogging gig at EconLog? I understand the Efficient Markets Hypothesis, and I think it’s a very good way to take a first crack at the markets. The thing that annoys me about many EMH proponents is that they think they are being empirical and […]