Federal Reserve

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Readings for the Vanderbilt Debate on Gold vs Fiat Money

Last night I had the debate (more of a conversation really) with Vanderbilt econ professor Mario Crucini. I promised the crowd that I would put some readings here on my blog to back up a few of the claims I was making… ==> Here is a “big picture” article summarizing my views on the gold […]

Exhibition Match: Murphy vs. Crucini on Gold vs. Fiat Money

I should clarify that Mario Crucini, a professor at Vanderbilt, is not a Keynesian. However, this Thursday at 5pm we will be debating the merits of a gold standard versus fiat money. The event is open to the public but it will not be recorded. You still have time to buy your plane tickets. DETAILS: […]

Can the Fed Drive Up Food Prices? Reply to Henderson

I have been putting off my reply to David R. Henderson for when I can “do it justice.” Well that’s not going to happen anytime soon, so let me fire off some quick thoughts… Let’s refresh our memories as to David’s objections: On Judge Napolitano’s “Freedom Watch” on March 25, Austrian economist Bob Murphy claimed […]

Murphy Fights Freedom Tonight on the Judge Napolitano Show

Tonight I will be one of the freedom fighters on Judge Napolitano’s show. We’re discussing the debt ceiling and a proposed “Robin Hood” tax on banks. Lots of Fed bashing for the whole family.

Murphy Article and Radio Interview

Last week I was on the Peter Mac radio show. It was actually a very pleasant, smoothly flowing discussion of the Murphy-Krugman Debate and then more general issues (including the Liberty Dollar stuff). Today at Mises.org I have an article responding to the anti-pin-head Andolfatto.

What Is So Hard About Fractional Reserve Banking for Economists?

I am being deliberately cheeky in my post title… But I think a quote on banking reserves from Alchian that David R. Henderson gives (without him necessarily endorsing it in the original context) is not the same as the other two things to which it is supposedly analogous. Let me just give David’s whole post: […]

The Murphy-Krugman Debate Edges Closer

I actually got a call on the emergency line on this one from Wenzel. (I imagine there are about 3 of you who live vicariously through us, and so I like to give you some tidbits now and then.) Krugman quotes our friend Daniel Kuehn who in an RAE paper quotes me on the 1920-1921 […]

The Scott Sumner Stock Sell Signal

Well Scott Sumner has hung up the keyboard. In his “I’m not really serious but actually I am” kind of way, he takes credit for quantitative easing and several trillion dollars in new wealth. It’s too long to reproduce the argument here, but he’s basically saying that bloggers forced Bernanke / gave him the support […]