Bob Murphy

Author Archive

They Don’t Teach You This in Law School

This is a very interesting story about a lawsuit between Texaco and Pennzoil, told by Carl Icahn, described by Wikipedia as a corporate raider and the 46th richest man in the world. (HT2EPJ) Incidentally, there are a few naughty words so watch yourself.

The Great Credit Thaw

Von Pepe passes along this 5-minute CNBC video. A small potatoes banker from Montana was just about to explain why the Fed rate cuts were devastating his business, and then the feed mysteriously gets interrupted, ruining his presentation. A random glitch, or sinister corporate censorship of anti-Bernanke sentiment? Who can say.

Battening Down the Hatches vis-a-vis Credit Cards

I have been telling Free Advice readers for months that the conventional old school wisdom is not necessarily correct in the present environment. Yes yes, you should cut your spending and save, but this doesn’t mean you should pay down your credit card balances. However, there is a point of clarification that is in order. […]

Woman Stuck on Railroad Tracks Dials 911 Instead of Running

This is a pretty shocking story: Police say a woman who died after her car was struck by a freight train in Anaheim was on the phone with a 911 dispatcher in the moments before the crash. Police said Tuesday that 68-year-old Linda Kruger-Small told the dispatcher her car was stuck on the railroad tracks […]

Rebunking Five "Lies" of Economists

They are trying to debunk the lies, so I am rebunking… Now I’m no fan of mainstream economic orthodoxy, but the critiques on this (spooky) page are childish. I must be brief–my corporate masters want output output output from me!!–but let me at least deal with two that jump out: DELIBERATE LIE #3. People are […]

A Tutorial on Corporations

I’m not sure I entirely agree, but interesting. (HT2 Ian.) And make sure your sound is on.

Commercial for My New Study Guide

…is here. Excerpts: Once you realize that Mises has a definite plan for the book — it is certainly not a Joycean stream-of-consciousness riff — then its 881 pages are not as daunting. You realize with each chapter, “Yes, now I see why Mises couldn’t really get on to Important Topic X until he first […]

In Fairness to Dr. Krugman…

…I should correct a slightly unfair post. When a CNBC story reported that the Fed promised to hold rates at low levels for an extended period, I posted that this was exactly what Krugman had called for. Well, not quite. Here is the full context of the actual Fed statement: The Federal Reserve will employ […]