Federal Reserve

Archive for Federal Reserve

Why Is the Stock Market Plunging?

Of course there are specific factors explaining the exact timing–notably the mess in Europe–but I offer a “big picture” explanation in today’s article at Mises.org. It’s worth checking out just for the charts, which are pretty revealing if you haven’t been following that type of thing.

Christina Romer Is Much Cooler Out of Politics

I was never hip-deep into macro stuff (I’m an ideologue, remember), but I’ve heard from other free-market people that Christina Romer in the grand scheme was actually pretty cool. But once she went to the White House, things went downhill. Anyway, check out her in the beginning of this video. She’s pretty funny. (Naughty words, […]

Murphy on FreedomWatch

I really do look for opportunities to crack jokes, but they never seem to present themselves. A true comedic talent makes his opportunities, I guess. Watch the latest video at video.foxbusiness.com

Scott Sumner Proves That the Pen Is Mightier Than the Teaching Post

Seeking to bolster my self-esteem, I re-read my prescient warning back in April that the stock market was overvalued and people should sell. Here’s what I wrote about Scott Sumner (the guy who has made a name for himself by declaring that our problems are due to Bernanke’s tight-money policies): Well Scott Sumner has hung […]

Murphy on the Judge’s Show Tonight

Tonight I will be on FreedomWatch, but if it affects your plans it is a guest host. (Her name was Liz-something, sorry I can’t remember exactly.) I’m talking about the stock market, the Fed, and other sexy topics.

Overdose: The Next Financial Crisis

I was on a panel at FreedomFest offering commentary on this short documentary. I thought it was great. (I was sitting next to Andrew Schiff. Poor guy had a bunch of people come up to him, talking about his brother and his dad.)

Market Prices Mean Something, When an Economist Agrees With Them

This is pretty funny. In the great debate over Bernanke, guys like Scott Sumner and Paul Krugman keep pointing at the bond market to show that guys like me are nuts for worrying about (price) inflation. My strongest comeback is to point at commodities, and in particular the price of gold. After all, surely S&K […]

Follow-Up on Ron Paul’s Proposal to Cancel the Fed’s Treasury Holdings

Lew Rockwell wrote a response to my Mises Daily article on Ron Paul’s proposal. I’ll address some of his criticisms one at a time, though not in the order Rockwell listed them: 4. The discussion in the next-to-the last section claiming that Baker’s proposal to raise reserve requirements is tantamount to “stealing money from the […]