Bob Murphy

Author Archive

More Heretical Thoughts on Inflation

I know, I know, the “bond market” is telling us that there will be low price inflation as far as the eye can see, so I’m just supposed to ignore everything else that is screaming, “Danger danger, Will Robinson!” Now we Austrian types have argued that maybe the yields on US government debt are low […]

David Friedman Perpetuates the “Buy and Hold” Myth

David Friedman has a very interesting post up concerning equity versus bonds. Whenever economists start thinking about the stock market, we get tied into knots. (In this case, Friedman ends up concluding that profiting from insider trading is mathematically impossible, and not for the reason you might think.) I’m not criticizing Friedman on that score, […]

Paul and Perry Campaigns Battle Over Reagan

This is hilarious. The Paul campaign put out this attack ad on Rick Perry: So in response, did the Perry campaign show that Paul, say, was the Texas campaign chair for Clinton’s 1996 re-election bid? Of course not; Ron Paul would never have done such a thing. Instead, the Perry campaign posted this letter (HT2 […]

I’m Sorry, I Still Fail to See Why We’re In a Deflationary Trap

Apparently taking Krugman’s side in the inflationista/deflationista debate, MMTer regular MamMoTh in the comments points us to this chart: Like I said, MamMoth seems to think the above chart should somehow embarrass the Austrians worried about inflation. I have to confess, I’m not seeing how soaring commodities, with silver and gold at the head of […]

Krugman on Gold: I Am Clairvoyant

This almost freaks me out. The handful of people who regularly tune into my Saturday “office hours” for Mises Academy classes can verify this: It was literally just last weekend when I said something like, “I mean, if it weren’t for gold prices, I might be really concerned about my worldview here. It does trouble […]

Karl Smith, a Gracious Loser

I’m not insulting him, really; check out his post. And for all of you cheapskates, here is the free debate: (If anyone feels taken advantage of, let me declare that they hadn’t decided to post it when I was giving instructions on how you could pay and watch the debate after the fact.)

The Theme Song for European Central Bankers

Apparently today would have been Freddie Mercury’s 65th birthday. (And people told me Facebook was useless.) In honor of him:

Introducing the Mises Institute of Canada

On Saturday, September 10 I will be participating in the Mises Institute of Canada’s conference, “Liberty and Oil: the Foundations of Modern Civilization.” As the official description says, we will discuss questions such as the following: “Is resource richness a blessing or a curse? Are Alberta’s oil reserves the source of the relative freedom and […]