Bob Murphy

Author Archive

WSJ Catches Up to Murphy

George Melloan points out that interventions into the financial sector have squeezed lending to small businesses and other non-politically-connected businesses. (HT2JOD) You heard it from me first on Kudlow’s show, where I was dismissed as a crank (not by Kudlow). Thanks to the eagle-eyed von Pepe for digging up the CNBC video, as the YouTube […]

Yet More on ClimateGate

Wow this stuff just gets worse and worse. Let me clarify two things before proceeding: 1) I personally have no problem whatsoever with the guy who said he wanted to beat the cr** out of Pat Michaels (besides my pacifism). That alone didn’t faze me at all; of course academics are going to get feisty […]

Yet More on the CRU "Hack"

* Gavin Schmidt (climate modeler for NASA) has done a good job providing his version of events, and he tries to defuse the most “shocking” emails here. * CEI is threatening a lawsuit if Schmidt’s employer (NASA’s Goddard Institute for Space Studies, or GISS) doesn’t comply with some FOIA requests. The one part I found […]

Potpourri

* I deconstruct Brad DeLong’s stimulus accounting. * My former student Gennady Stolyarov II reviews my Depression book. I don’t think he is accusing me of confusion but I can’t be sure. * I don’t really see what the big deal is here. The White House has announced that it will formally pledge to commitments […]

I Am Thankful That I Bought a Bunch of Gold Last Year

I have in-laws arriving in town as I type, so I won’t be blogging much over the next few days. I just wanted to drop a note alerting my more Ivory Tower readers that gold smashed into new territory (again) today. Right now it’s $1,186.10 / oz. Also let me link to this great EPJ […]

Potpourri

* Oops, that reported 3.5% real GDP growth in the 3q is more like 2.8%. (So they exaggerated it by 25%, big deal.) I liked this line: “That was a touch below market expectations for a growth pace of 2.9 percent.” Does that mean investors were forecasting that the government had exaggerating the initial reading […]

CNBC Casually Discussing Gold-Backed World Currency

You might think, “Ah sweet! That’s what we want, right?” Well, yeah, sort of, except the reason we’ll get there is through a dollar collapse, not a Rothbardian revival. MercedesRules sent me the below clip; start watching around 6:45. (And I forget how to get rid of the blank spaces below…)

Dean Baker or Dean Martin on Government Interest Payments?

(I know that post title is weak; I got nothin’.) The Keynesians (e.g. Krugman and DeLong) have been high-fiving Dean Baker over his response to the NYT article which has the audacity to say that the federal government’s $1 trillion+ deficits may come with some strings attached. (BTW I like Baker; I debated him on […]