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Scott Horton Interviews Murphy on Credit Default Swaps, etc.

This interview is another long one–you people are probably wondering how I get anything done. What’s good about these ones is that Scott and I are close enough that if he sets up a premise, I’m not afraid to disagree with him. Incidentally, in our original interview Scott asked me whether things would have been […]

A Call to Popperians: How Can We Pit Cowen vs. ABCT?

In this post, Tyler Cowen acknowledges my capital-consumption story, and contrasts it with his own explanation. In a nutshell: Tyler is saying that the housing boom was fueled by the real savings of foreigners, and this explains how it is physically possible that Americans consumed more (TVs, iPods, etc.) at the same time that they […]

Jeff Tucker Interviews Murphy on Austrian Business Cycle Theory, and the Sinister Bailout

This is a fairly long one [mp3], but I know some of you are students and some are retired.

I Can Die Now

Tyler Cowen links to my article “The Importance of Capital Theory”–via a foreign website, strangely enough. You can read his post and my response, which is about 30 comments from the top. What I don’t get is that Tyler keeps thinking the coincidence of high consumption and high investment is a problem for Austrian business […]

Tom Woods, Manipulator of Crowds

I don’t understand how this happened. I knew Tom Woods was going to be giving a rousing speech at the Ron Paul rally (down the street from the McCain convention), and I kept asking him when it was going to be on YouTube. And then somehow, I didn’t end up watching it until a few […]

The Importance of Capital Theory: A Reply to Krugman (and Cowen)

OK folks, I know I borrow the Rush Limbaugh cocky narcissism angle a lot in my posts (though he has parlayed it into more $$ than I have, thus far). But honestly, I think today’s article over at Mises.org on “The Importance of Capital Theory” really spells out the nuts and bolts of a boom-bust […]

Anthony Gregory Puts the Smack-Down on Weisberg’s "The End of Libertarianism"

In libertarian circles, Jacob Weisberg’s recent Slate column, which blames the financial mess on free markets, has been ruffling feathers. Really, you need to read it if you haven’t already. (And even if you have read it, it might wake you up this Monday morning to read it again.) I had toyed with writing a […]

Robert Wenzel: The Man, The Myth, The Legend

Free Advice readers may wonder who the heck this Robert Wenzel guy is, perhaps the only person mentioned more than 5 times on this blog whom I am not mocking. Well, over at the second best blog in the world, RW and I went head-to-head over some trivial issue. (In retrospect, I think we both […]