Bob Murphy

Author Archive

Intelligent Design Is a Scientific Theory, So Long as God Isn’t Invoked

A recent news item in the Huffington Post caught my attention: Scientists in the U.K. have examined a tiny metal circular object, and are suggesting it might be a micro-organism deliberately sent by extraterrestrials to create life on Earth. … The University of Buckingham reports that the minuscule metal globe was discovered by astrobiologist Milton […]

A Sincere Question for the “We Owe It to Ourselves” Camp

David Stockman links to this old Krugman column on debt burdens. Here’s the key part of the article: Deficit-worriers portray a future in which we’re impoverished by the need to pay back money we’ve been borrowing. They see America as being like a family that took out too large a mortgage, and will have a […]

Reading List for Debt Burden Stuff

Roger Farmer gives a good list here, though most of the papers are formal and would be hard for a non-academic to read. However, it shows the extensive history in the literature of this stuff. Roger linked to this piece I did in the American Conservative, which I had totally forgotten. It is now going […]

Krugman Defenders 0, Murphy/Rowe 324

When the nutty Irishmen continue to roll their eyes at Nick Rowe on the debt burden stuff, it would be nice if they didn’t keep committing the same fallacy that Krugman did on Day One of this debate. (Here’s Gene telling Nick that the debt can’t burden future generations because they will inherit the bonds–meaning […]

Potpourri

==> Mark Spitznagel doesn’t believe in “black swans” when it comes to market crashes. ==> Christopher Goins in the American Spectator talks to Mark Thornton about the Fed. ==> Remember that lady who lost her job when she tweeted about AIDS and Africa? Turns out she was being ironic. (At the time I thought it […]

Rand Paul Criticizes Fed, Pundits Flip Out

My latest at Mises CA. The conclusion: Despite the minor mistakes in his presentation–which again was from a speech to a live audience–Rand Paul has put his finger on a very serious issue. Central banks around the world have loaded up on assets, particularly central government debt, in an unprecedented fashion. If and when they […]

Bob Murphy Is Yours, Valentines Day 2015

If you ask me, “Why?” I’m not going to answer.

Another Post on Government Debt, but Krugman Made Me Do It

An excerpt: To illustrate the situation, permit me a silly analogy. Imagine you saw the following debate among economists: KRUGMAN: People are always yelping about the dangers of guns, but so long as people wear bulletproof vests, they can’t possible be hurt by gunfire. ROWE and MURPHY: What the heck is he talking about?! Imagine a guy […]