Bob Murphy

Author Archive

The Downside of Talk Radio

In a previous post, I praised Glenn Beck for getting the word out about what’s going on regarding the open praise for communism by members of the federal government. On the other hand, let me relate a particularly ridiculous statement by Mark Davis–today’s guest-host for Rush Limbaugh–that shows talk radio is only afraid of Democratic […]

Rep. Diane Watson (D-Ca) Praises Che Guevara, Fidel Castro, and Cuban Revolution That "Kicked Out the Wealthy"

Despite his flaws, Glenn Beck is doing a great job alerting Americans to the Marxist takeover of the federal government. You say, “Give me a break, Bob, just because someone wants everyone to have access to health care, doesn’t make him a communist.” That’s true, but look at how many people in the federal government […]

Subjective Value Pricing Theory in the NBA

Based on this favorable review (and funny anecdote) by Robert Wenzel, I got David Falk’s The Bald Truth a few months ago. It makes for great bathroom reading. Falk is a sports agent, whose most famous client was Michael Jordan. (Jordan’s ghostwriter did the foreword for the book.) This book is good because it shows […]

Another Scott Sumner Money Illusion

I pick on monetary maverick Scott Sumner a lot, but only because I care. (In fact, Scott himself gets this; see the opening paragraph of this post.) So it is merely in the spirit of loving correction that I bring to your attention a recent profundity from Scott. The context is (a very interesting) discussion […]

God Can Take Care of His Own Ark

In the comments to this post, “Magnat” reminded me of an episode in the Bible where my initial reaction was ridiculous. In I Samuel 4:1-11 we see that the Israelites have a setback against the Philistines, and so try to raise morale by bringing the Ark of the Covenant to the front lines of the […]

Awful Abduction Case in CA

I was waiting for my connecting flight to San Fransisco (for tomorrow’s Mises Circle) when I first heard of the awful Jaycee Dugard 18-year imprisonment story. (Here is an opinion piece with a bunch of new facets, both in the piece and the links on the sidebar. I don’t know if they are accurate; I […]

The Scariest Paragraph I’ve Read in a While

This is the first paragraph in a WSJ story–on page A4–from earlier this week: WASHINGTON — The CIA lacked clear safeguards to prevent abuses in some instances in its network of secret prisons for terror suspects, and some interrogators had inadequate training and oversight, a long-withheld 2004 report found, according to current and former officials […]

Praising Krugman on His Critique of Fama and Cochrane

In response to a reader request (who is probably now horrified), at the Mises blog I addressed an old Krugman post on what he called the “Dark Age” of macroeconomics. Here’s the news you can use: Krugman is totally right. (!!) Fama and Cochrane are wrong in spinning out what appear to be tautologies above. […]