Bob Murphy

Author Archive

It Sounds So Much Prettier When He Says It

Jon Stewart Strikes Back at Krugman

This proves better than anything that Krugman can’t think two moves ahead. You don’t get huffy with Jon Stewart. The Daily Show with Jon StewartGet More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook Now do you guys agree I have been right to love Jon Stewart lo these many years?

Potpourri

==> John Goodman (the economist, not the actor) cites two Murphys at Forbes. ==> Apparently Nate Silver could’ve saved me $500. ==> Speaking of the Henderson/DeLong/Krugman fiasco, here was Jeff Tucker’s reaction. ==> David Beckworth (and Ramesh Ponnuru) are half right: The government should cut spending. I get really worried when people say “Bernanke Controls […]

A Foreign Scholar Goes to the Barricades for Liberty

Hasting Chen has decided to translate my introductory textbook, Lessons for the Young Economist, into Chinese. He shared with me a memo he sent to his team, which I reproduce with permission: Although this project falls largely on my shoulder, as a piece of encouragement, though, I would like to disclose my thoughts of the […]

Peter’s Mistakes Were Connected

My pastors are covering the gospel of Luke. In Lk 22: 39-51 we read: The Prayer in the Garden 39 Coming out, He went to the Mount of Olives, as He was accustomed, and His disciples also followed Him. 40 When He came to the place, He said to them, “Pray that you may not […]

Why Wages–>Labor Is NOT Like Interest–>Physical Capital

My last post on this topic was a bit technical, so let me break it down a bit. This post will still probably only appeal to actual economists, whether professional or amateur, because these issues get so nuanced. But I will try to keep the discussion in plain English. The claim I want to establish […]

Scary Scott Sumner Statements

At this point I think my analysis is superfluous. I just need to quote this guy. If you folks don’t see what I see, I don’t know what my commentary will add. These quotes all come from the same post: ==> “So it’s print money now or print money later. If you really, really don’t […]

While I Was Bogged Down With Keynesians, Sumner Solidifies His Power Grab

Oh man, have you kids been checking in with Scott Sumner lately? ==> Famous monetary economist Frederic Mishkin has now been seduced by the Dark Side. ==> Sumner thinks the trillion dollar coin is bad for the Democrats politically, but if Obama “ignores my advice and mints the coin anyway, I’ll strongly support the move […]