Bob Murphy

Author Archive

The SWAT Team Is Your Friend

If this guy just would have died, then the police wouldn’t have had to charge him with felony assault. These poor cops can’t please some people no matter what. FOX 26 News | MyFoxHouston

Gas Prices Still High By Historical Standards

I was actually surprised by how much. Here’s the article, but check out this chart:

Stock Market Still Utterly Dependent on Easy Money

The Fed’s announcement today sent stocks soaring. From a CNBC story: U.S. stocks surged on Wednesday, with the Dow marking its best session of the year, as investors celebrated a rally in the energy sector and the Federal Reserve’s pledge to be patient in raising interest rates. Stocks rose after the Federal Reserve retained the […]

Potpourri

==> I’ve been really enjoying Tom Woods’ show lately. Not to downplay the other guests, but make sure you catch Michael Malice on the cops and Scott Horton on the Senate torture report. ==> Speaking of the torture report, apparently Americans aren’t too worried about it. And Dick Cheney explicitly says that he would rather […]

Does Government Spending Boost the Economy?

At the Freeman I take on the recent Business Insider article. An excerpt: Edwards seems to think that the above chart shows at least a correlation between government spending and economic growth. After all, he wrote that the BEA chart “seems to show that government has a pretty straightforward effect on GDP.” But as Scott Sumner […]

U.S. Government Policy and Oil Prices

For those who like articles discussing really bad predictions confidently made by Krugman, this one’s for you. Also a nice Obama quote from 2012: “As a country that has 2 percent of the world’s oil reserves, but uses 20 percent of the world’s oil — I’m going to repeat that — we’ve got 2 percent […]

Tom Woods and I Dissect an Article Complaining About Cheap Gas

For your listening convenience I’ve embedded the video below, but go to Tom’s show notes for all the relevant links, both to the offending article and to the other information Tom and I brought up during the interview.

Standard Financial Models Wouldn’t Predict That Yields Would Spike After End of QE3

When it helped his cause, Krugman understood the stock/flow distinction and why you wouldn’t think the well-anticipated end of asset purchases would cause a sudden change in market price. Yet that didn’t stop Krugman from arguing recently that Treasury yields since the end of QE3 must mean Fed hasn’t been holding down yields. I walk […]