Archive for Shameless Self-Promotion

I Join the Fractional Reserve Banking Wars

In today’s article at Mises.org I walk through a simple example to show exactly how bankers benefit from fractional reserve banking. Whether you love or hate FRB, I think you should check out the article because I take the analysis one step deeper than I’ve seen it anywhere else. Specifically, I show exactly how the […]

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Murphy Repeats His Famous Tom Woods Story

This is the second and last time I tell this anecdote. But this crowd was gushing over Tom so I couldn’t resist. Note: In order to understand my initial joke, you need to know that when Tom introduced Dan McCarthy (the previous speaker), he said something like, “I don’t say this lightly, but Dan is […]

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Who’s Afraid of Sticky Wages?

I am at the Rothbard Graduate Seminar, and I’m also wrapping up the manuscript for the book with Carlos Lara, so blogging will be light this week. In the meantime, I refuse to back down in my dispute with Greg Mankiw today at Mises.org: The argument of sticky wages does not justify the existence of […]

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Get on the Tom Woods Train Before It Leaves the Station

I predict that Tom Woods’ forthcoming book on nullification is going to be huge–and I am more confident in this than in my CPI predictions. Many Free Advice readers surely know this already, but I have seen firsthand (in my not-so-random samples) that there are some seriously angry people scattered across the country. The beauty […]

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Murphy on Krugman on Hoover…Again

The one new thing in this piece is that I put a bunch of my arguments into chart form. Maybe this time they will sink in. If you are bored feel free to email the article to Krugman. I would really love to hear what he has to say about my points. I suppose he […]

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My Week in Haiti

At Mises.org today I have a long article describing some of my “economic” lessons from Haiti: In my brief time in Haiti, I saw the laws of economics at work. Entrepreneurs rushed to satisfy customers, as proven by the owners of motorcycles who suddenly became taxi drivers after the roads were filled with rubble. Government, […]

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Post-Game Show From Iowa

I’m back at my office after the Campaign for Liberty shindig in Des Moines. (Remember, I am the hardest working man in Austro-libertarianism: This weekend I’m in Manhattan for a Mises Circle.) This was my first C4L event and these people were impressive. One young guy had his Bohm-Bawerk shirt on (not something you often […]

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Artificially Low Interest Rates Are Bad for the Economy

I don’t know if the Detroit News in general has a “conservative” editorial position, but the opinions editor apparently is a fan of Austrian economics. He ran my piece: The Federal Reserve and its supporters claim that the unprecedented interventions rescued the financial markets and the housing sector. Also, they point to the moderate consumer […]

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