Consulting by RPM || Free Advice Blog

Murphy Discusses Different Theories of the Biz Cycle

BMS ep 181: Could Gold Discoveries Cause the Austrian Boom-Bust Cycle?

Re: this post, here is the audio and below is the video of my discussion with Walter Block and Bill Barnett:

Sumner vs. Murphy

In a cosmic coincidence, on Monday Scott Sumner released an essay via Mercatus talking about the effectiveness of monetary policy in preventing recessions, particularly if the Fed implements his idea of level targeting NGDP. On Tuesday, my next installment in the “Understanding Money Mechanics” series ran, this one offering a summary and critique of Sumner’s […]

BMS ep. 67: Walter Block and Bill Barnett Critique the Hayekian Triangle

Here is the standard audio, and I’m now experimenting with releasing select episodes on my YouTube channel:

Deep Thoughts on Capital Theory

In the latest Bob Murphy Show I talk to Nicolas Cachanosky about his work (often with Peter Lewin)…

Response to Selgin on Fractional Reserve Banking and the Business Cycle, Part I

George Selgin has a 3-part series (I, II, and III) at Alt-M taking people (like me) to task for claiming that FRB per se causes the boom-bust cycle as described by Mises/Hayek. To be clear, George is putting aside the issue of whether FRB is fraud, and is just focusing on the economics. (He thinks […]

A Note on Stock Market Volatility

So if I promise to criticize myself, can I get a blogging gig at EconLog? I understand the Efficient Markets Hypothesis, and I think it’s a very good way to take a first crack at the markets. The thing that annoys me about many EMH proponents is that they think they are being empirical and […]

Chinese Stock Market Crashing

Details here. It’s down about 25% in the last two weeks, and 11% in the last two days. Meanwhile, Scott Sumner is running victory laps, over those broken records who called it a “bubble” but didn’t give the precise timing. (See the P.P.S. in his post.)