Bob Murphy

Author Archive

Don’t Give Up!

This was making the rounds on Facebook.

Jon Stewart Yells, “Ron Paul 2012!”

For a minute I thought they had doctored this Romney clip. He actually said that?! The Daily Show with Jon StewartGet More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook

Morgan Freeman Makes Mike Wallace Squirm

This was very well-said for a black guy*: * Oh come on, that was funny.

Illustrating the Problems With GDP Accounting

In the comments I chimed in, giving an example to demonstrate the dangers of the standard discussion of GDP accounting. (Note that I’m not sure if anyone in the comments was saying something wrong; it was just a springboard for me to pontificate.) Let me embellish the example here: Suppose Country A is composed of […]

A Wise Consistency

My friend and co-author Carlos Lara kept telling me about this really intense Bible study at his church, in which they work through the Westminster Confession of Faith. To give you a flavor of how hardcore this stuff is, consider what we studied today, from Chapter XI: 4. God did, from all eternity, decree to […]

Let’s Name the New Planet Krugmanus

Krugman routinely mocks those who rely on austerity for European countries, which (he claims) involves growth through exports. To take a recent example from December 9: European stocks are up today, and I have no idea why. I’m with Felix Salmon — this looks like a disastrous meeting. More austerity, more posing of the crisis, […]

Austrian Business Cycle Theory: Malinvestment, Not Overinvestment

Apropos of the recent flurry–the Austrians are apparently the Charlie Sheen of the blogosphere right now–here is an interesting quotation from Mises: The erroneous belief that the essential feature of the boom is overinvestment and not malinvestment is due to the habit of judging conditions merely according to what is perceptible and tangible. The observer […]

Potpourri

* I was hired to evaluate the budget numbers in this novel. I thought they were too optimistic, which the author was glad to hear. * Carlos Lara and I did a radio show in Vegas, baby. Topic: Our book. * This year I have two separate nominations up (here and here) for “Funniest Geek […]