Bob Murphy

Author Archive

Larry Summers: Artificially Low Interest Rates Cause Bubbles

Tyler Cowen finds this quotation from Larry Summers writing in the Washington Post: The second strategy, which has dominated U.S. policy in recent years, is lowering relevant interest rates and capital costs as much as possible and relying on regulatory policies to ensure financial stability. No doubt the economy is far healthier now than it […]

Am I a Creationist?

Someone recently asked me this. I am pretty sure I said “no,” but only because I know that the person meant, “Are you committed to the view that God created all of the various species in a literal 6-day timespan as laid out in Genesis?” I am not committed to that position, and so I […]

Potpourri

==> Not only do they have huge audiences, but Lew Rockwell and Alex Jones have awesome radio voices. ==> Tom Woods and I discuss ObamaCare. We’re not fans. (Hopefully no one will get pregnant in 2014.) ==> My understanding is that I make an appearance in this BitCoin discussion. ==> The Lara-Murphy Report interview with […]

Memorial Video for the “Night of Clarity” 2013

Matt Harris (with help from wife Pacey) put together this excellent memorial of the event Carlos Lara and I hosted last summer in downtown Nashville. Stay tuned for the NOC 2014!

Krugman Unwittingly Confirms Scott Sumner’s Whole Point

[UPDATE below.] Free Advice readers know that if i’m Batman, then Paul Krugman is the Joker while Scott Sumner is the Riddler. (Now that I re-read that sentence, it turned out even cooler than I had imagined when I started typing it.) So this raises the question: What if Krugman ever directly attacks Sumner? Which […]

Keynesians Wrong on Sequester Just Like Stimulus

My latest post on Mises Canada. The money part: For example, in February 2013 Paul Krugman wrote a piece titled “Sequester of Fools,” in which he referred to the “fiscal doomsday machine” that was being unleashed upon the nation. He claimed that the sequester would cost 700,000 jobs, and justified this number by linking to a Macroeconomic […]

A Tribute to Ben Bernanke

This contains a technically true but very misleading narrative, making me now doubt the Rudolph Record. (HT2 Greg Mankiw)

To Understand Public Policy, First Understand Markets

That’s the title of my promo for next week’s 6-week Mises Academy online class, going through the middle section–covering the economics of the pure market economy–of my textbook, Lessons for the Young Economist.