Bob Murphy

Author Archive

Mediating a Couple Arguing About Money

My friend and his wife are having a major disagreement over their household finances. He is self-employed (I don’t want to be more specific and tip some readers off as to his identity) and does one-off projects for clients. He relies on advertising and word of mouth to generate new leads. Anyway, he asked me […]

Jon Stewart Makes Fun of CNN

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Wednesday Is Fight Night

Murray Sabrin wanted me to pass this along to any readers who might be near Ramapo College:

War and the Fed

I’m going to be on Scott Horton’s radio program in a few minutes to talk about the connection between central banking and war. Here are two charts to supplement the interview. The first shows year/year percentage increases in the Consumer Price Index, while the second shows year/year percentage increases in the monetary base. I think […]

The Japanese Experiment

“Tyler Durden” at ZeroHedge is as excited as a kid on Christmas Eve, thinking that the Bank of Japan has finally “lost control” because of the breakout of 10 YR Japanese government bond yields (doubling in 4 hours and triggering circuit breakers). Let me make a falsifiable prediction of which I am certain: No matter […]

My Parting Remarks on Scott Sumner and Interest Rates

Now that I had time to carefully read Scott’s response to my initial post on Japan, I have backed off a bit. I still think he is being slippery, but he was clearer in his response than I initially thought. So, my reaction in turn was not very helpful, and I can understand why Scott […]

Sumner Responds

[UPDATE below.] It’s getting late and I’m working on a deadline, so perhaps this is foolish of me. I feel like when I’m playing the computer in chess and it makes what seems to be a really dumb move. Do I pounce, or should I be cautious and assume I’m missing something subtle? Anyway, here’s […]

More Journalists Schooling Austrian Economists on Monetary Theory

I have asked George Selgin to please destroy this properly, but for now, behold: Goodhart points out, however, that Menger is just wrong about the actual history of physical money, especially metal coins. Goodhart writes that coins don’t follow Menger’s account at all. Normal people, after all, can’t judge the quality of hunks of metal […]