Bob Murphy

Author Archive

Krugman DID Identify the Housing Bubble in 2005

OK after browsing through his archives circa 2005, I must retract my earlier criticism of Paul Krugman. For sure, Krugman did identify the housing bubble before many other analysts (including me), and so he’s not bluffing when he says nowadays that he called it. Also, people who comment at his site should be a little […]

Sometimes You Have to Salute Krugman’s Audacity (or Maybe Just Sloppiness)

This guy is really something else. In this post, Krugman matter of factly said that he had predicted the housing bubble, in contrast to Bernanke. Apparently some people demanded that Krugman give examples of where exactly he warned that housing prices were too high, because in a subsequent post Krugman wrote: 3. Some commenters ask […]

The New Republic: If Something Is Taken for Granted, It Must Be a Good Thing

Arnold Kling links to this TNR article showing allegedly absurd warnings from the past, which are supposed to make current Obama-haters rethink their rhetoric. Funny thing is, a bunch of those warnings strike me as confirmed, or at the very least still open for debate. The TNR writers don’t actually give a “The Claim…The Reality” […]

I Have Been Following The Rock’s Career With Great Interest

I’m not sure if I blogged about this before, but it’s been very interesting to watch “The Rock’s” transition from wrestling to film stardom. Today I took my son to see Alvin and the Chipmunks (the only non-scary kid movie available, though it featured wedgies) and here was one of the trailers (just move the […]

I Told You Guys That Krugman Was Misleading the Children

Jeff Tucker passed along a very critical comment from reddit on my recent article accusing Krugman of making a basic mistake on trade theory. Here’s the opening salvo: Has this author ever even taken macroeconomics in college? This crap was on my freakin midterm; Krugman is 100% right. Increasing or decreasing the amount of trade […]

Potpourri

* It’s the clash of the titans over at Crash Landing, concerning a popular and allegedly circular argument against the State. * TokyoTom takes a break from discussing my income stream to pointing out the ominous WSJ series on financial “reform.” (I think it’s like health care “reform.”) * A naive economist allows his anti-Fed […]

When Life Gives You Taxes, Make the Savior of the World

Merry Christmas! And as part of our ongoing series, “Why does God let bad things happen?” here we explain that if King Herod and Caesar had become Rothbardians, the Scriptures wouldn’t have been fulfilled. The Jews in Jesus’ day were waiting for their Messiah, but the prophecies said he would come from Bethlehem. So you […]

It’s All About Me Potpourri

* I am on vacation and am not getting out my Rosetta Stone, but I frankly don’t know what Mish is even talking about in this response. It seems he is using a variation of the legal defense, “My client wasn’t at the murder scene, and if he were he doesn’t own a gun, and […]