Bob Murphy

Author Archive

One Single Post on the Koch Stuff

I’m mostly posting this because I don’t like it when people have one image of me that turns out to be wrong. So, it’s a good time for me to make sure anybody who reads my stuff realizes: I do consulting for a lot of clients, and it’s all in the genre of “explaining free […]

An Example of Krugman Specifically Endorsing Reduction in Capacity to Boost Employment

I’ve still got people in the comments pretty sure I’m mischaracterizing Krugman. So for posterity, here is Krugman explicitly calling for regulations that make firms poorer, arguing that they will boost employment during a liquidity trap: As some of us keep trying to point out, the United States is in a liquidity trap: private spending […]

Immediate Reaction to the Latest IPCC Report

I will be writing tons on this topic in the coming weeks, but my immediate reaction to the IPCC AR5 Working Group II report that came out Monday is now up at IER. An excerpt: Now the reader should understand the hole into which the climate alarmists have dug themselves. They can’t have the IPCC […]

Krugman Elaborates on His Alien Invasion Thought Experiment

I have never said, “Paul Krugman thinks it would be good for the authorities to fake an alien invasion, ha ha what an idiot.” I knew from Day One that he was trying to be cheeky and provocative, and was merely saying that such a policy would be better than the status quo. Hence, if […]

Data Confirm: Earthquakes Not Good for Boosting Output

Tyler Cowen links to a paper by Johannes Wieland. The following excerpt from the paper should give you some insight into the state of formal economics: Standard sticky-price models predict that temporary, negative supply shocks are expansionary at the zero lower bound (ZLB) because they raise inflation expectations and lower expected real interest rates, which […]

Potpourri

==> David Gordon walks through some of the issues with praxeology, which I’ve found is the chief stumbling block people have to Misesian economics. ==> On April 11 the Mises Institute will host a seminar on “Inflation” for high school and college students. Details here. (You can apply for in-person attendance at the Institute itself […]

Colbert Responds to Demands for Cancellation

Not as good as Jon Stewart responding to Krugman, but still pretty funny.

Krugman Wonders Why He’s the Only One Parroting Administration Talking Points on ObamaCare

Remember back on the day the Healthcare.gov website launched, that Krugman reported to his readers: So, very early reports are that Obamacare exchanges are, as expected, having some technical glitches on the first day — maybe even a bit worse than expected, because it appears that volume has been much bigger than predicted. Here’s what […]