Bob Murphy Show
Robert Murphy
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The podcast promoting free markets, free minds, and grateful souls.
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6 days ago
Ep. 290 Robert Barnes on the Proud Boys Jan. 6 Convictions
Robert Barnes is a lawyer specializing in constitutional issues, who has defended several celebrity clients including Wesley Snipes and Alex Jones. He joins Bob to discuss the legal perversions surrounding the recent convictions of several Proud Boys members for their role in the Jan. 6 protest/riot at the Capitol.
Mentioned in the Episode and Other Links of Interest:
* Robert Barnes' Locals community. His law practice website.
* Bob Murphy's critique of plea deals in context of Proud Boys.
* Help support the Bob Murphy Show.
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Sep 16, 2023
Ep. 289 Gene Epstein Takes Bob to the Woodshed Over Dubious Wage Data
Gene Epstein is disappointed in Bob's kid-glove treatment of Oren Cass' critique of American capitalism, and explains some of the problems with the data that Oren relied upon to make his case.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Oren Cass' controversial interview on BMS ep. 283.
* Oren Cass debates Cato scholar at Soho Foum on government intervention in manufacturing.
* Main website for Gene Epstein's Soho Forum.
* Help support the Bob Murphy Show.
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Sep 6, 2023
Ep. 288 Do Libertarian Conspiracy Theories Violate Austrian Economics?
Bob uses a recent exchange between Dave Smith and reason's Liz Wolfe to analyze the apparent tension between libertarian allegations of coordinated skullduggery and the Austrian critique of socialism.
Mentioned in the Episode and Other Links of Interest:
* The Part of the Problem episode featuring Liz Wolfe.
* Bob's pamphlet Chaos Theory, his Libertarian Papers article on private military defense, and a Mises U lecture on private military defense.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Sep 5, 2023
Ep. 287 Ian Deters Defends the Use of Infinity in Higher Mathematics
Back on BMS ep. 229, Bob invited Steve Patterson back to the show to discuss Riemann's Rearrangement Theorem, which was such a counterintuitive result that Bob changed his mind and agreed with Steve that mathematicians had smuggled nonsense into their field. Math PhD Ian Deters now joins Bob to defend the use of infinity in higher mathematics.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview (with mathematical images overlaid).
* The BMS ep 229 featuring Steve Patterson's critique of infinity.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Aug 16, 2023
Ep. 286 Scoring the Debate Over God Between William Lane Craig and Christopher Hitchens, Part 2
After having parsed William Lane Craig's opening statement making the case for theism, Bob now evaluates Christopher Hitchens' opening. He concludes that Hitchens hardly responded at all to Craig, and spent most of his time criticizing Christianity rather than theism.
Mentioned in the Episode and Other Links of Interest:
* The April 4, 2009 debate between William Lane Craig and Christopher Hitchens.
* Bob's analysis of Craig's opening argument, in BMS ep. 282.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Aug 7, 2023
Ep. 285 Scott Horton Gives the Essentials of the Waco Tragedy
Scott Horton recently released a special production on Waco that clocked in at almost 13 hours. He joins Bob to discuss the essentials of the story, covering all aspects of the tragedy, starting with the religious views of the Davidians and ending with the absurd trial of the survivors.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview (with BONUS video features of infrared analysis).
* Scott Horton's 13-hour tour de force, "The Waco Tragedy."
* The YouTube version of Waco: The Rules of Engagement.
* BMS ep. 5 featuring Scott Horton.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Aug 4, 2023
Ep. 284 Vance Ginn Interviews Bob Murphy on the Business Cycle and Weaknesses in Free Market Rhetoric
Vance Ginn recently had Bob on his podcast, "Let People Prosper!"
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Vance Ginn's podcast, Let People Prosper!
* Bob's EconLib article on privatizing federal assets.
* Oren Cass on the Bob Murphy Show.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jul 29, 2023
Ep. 283 Oren Cass Warns Conservatives to Rethink Economic Libertarianism
Oren Cass is the founder of American Compass, which has a new handbook advising conservatives on how to rebuild American capitalism. Bob provides a skeptical but friendly forum for Oren to explain his dissatisfaction with the standard libertarian position on free trade and labor unions.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* The American Compass Handbook for Conservative Policymakers.
* Oren Cass on Contra Krugman (talking ObamaCare) and on a 2020 episode of the Bob Murphy Show.
* Oren's article "Policy-Based Evidence Making."
* Bob's summary of Oren's Congressional testimony on climate change damage, Parts 1, 2, and 3.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jul 23, 2023
Ep. 282 Scoring the Debate Over God Between William Lane Craig and Christopher Hitchens, Part 1
In 2009 the Christian philosopher William Lane Craig debated Christopher Hitchens on the existence of God. In this episode Bob evaluates the 20-minute opening statement from Craig.
Mentioned in the Episode and Other Links of Interest:
* The debate between Craig and Hitchens.
* Wikipedia entry on fine-tuning argument.
* Tom Woods on classical First Mover argument.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jul 18, 2023
Ep. 281 Murphy vs. Twitter Econ
Bob tackles recent tweets by Joe Weisenthal and Elon Musk to clarify the Austrian views on recessions and money.
Mentioned in the Episode and Other Links of Interest:
* The Elon tweet and the Joe Weisenthal tweet.
* Bob's book Understanding Money Mechanics.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jul 8, 2023
Ep. 280 The Theory and History Needed to Refute Keynesianism and MMT
As a sequel to a recent Human Action podcast episode where Bob critiques a Warren Mosler interview, Bob here goes deeper into the analysis of how an economy can continue growing even if the government eliminates its budget deficit. Bob relies on both theory and history, citing in particular the fiscal turnaround of Canada in the mid-1990s.
Mentioned in the Episode and Other Links of Interest:
* The Human Action podcast episode that is the prequel to this BMS episode.
* Mosler interview on the Forward Guidance podcast.
* Bob's debate with Mosler at Columbia.
* Krugman vs. the ECB list of examples of expansionary austerity. (See Krugman's blog post too.)
* Bob’s EconLib article discussing Canadian fiscal turnaround.
* JP Koning post on why the Treasury can't overdraft since 1981.
* An AEI post showing the Romer-Bernstein Obama stimulus package unemployment prediction vs. reality.
* Bob's critique of David Friedman on housing prices.
* Help support the Bob Murphy S…
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Jul 2, 2023
Ep. 279 Disputio: A Real-World Application of Voluntary Dispute Resolution
Přemysl Bosák encountered the ideas of voluntary law and decided to launch an online dispute resolution system. He gives his background and then explains his vision for Disputio.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* The website for Disputio.
* Bob's pamphlet and lecture on private law.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jun 24, 2023
Ep. 278 Murphy on Reparations, SuperAI, and Investment Implications
This episode is a re-broadcast of Bob's talk given at George Gammon's Rebel Capitalist Live event held in May 2023 in Orlando. He covered the case for reparations, the threat from SuperAI, and investment implications.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this presentation.
* BMS eps on the economics of slavery (with guests Mark Thornton and Jeffrey Rogers Hummel).
* Why SuperAIs won't steal our jobs or slaughter us, Parts 1 and 2.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jun 21, 2023
Ep. 277 Lawrence Ludlow on Romans 13 Being Spiritual not Political
Lawrence Ludlow has an MA in medieval studies and gives Bob numerous lines of evidence to suggest that Paul in Romans 13 is referring to spiritual authorities rather than political ones. In this interpretation, there is no tension between the New Testament and standard libertarianism.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Norman Horn on the BMS to talk Romans 13.
* Jeff Barr's analysis of "Render unto Caesar."
* A History of the Bible. A book on the transmission of the New Testament.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jun 10, 2023
Ep. 276 Even Milton Friedman Slipped in His Defense of Trade Deficits
Bob uses the illustrious Milton Friedman to demonstrate a depressing tendency among economists to overreact in their zeal to defend trade deficits, where they end up arguing that it's necessarily beneficial to live beyond one's means. Although this could be true in certain cases, it's not true in general. Bob then explains that the original mercantilists weren't as dumb as modern economists claim.
Mentioned in the Episode and Other Links of Interest:
* Twitter thread with Friedman clip (and some of Bob's response).
* Bob responding to a similar mistake by the WSJ editors.
* Bob Murphy Show episode on reparations and AI.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jun 1, 2023
Ep. 275 Why the SuperAIs Won't Steal Our Jobs or Slaughter Us, Part 2
Bob uses comparative advantage to to argue that human workers will always find a place in the economy, regardless of how productive super-AI systems may become. He then addresses the fear that superAIs will simply rearrange our molecules for building material.
Mentioned in the Episode and Other Links of Interest:
* Part 1 of this series.
* Eliezer Yudkowski tweets on true threat of AI.
* Bob Murphy Show episode on reparations and AI.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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May 26, 2023
Ep. 274 Why the SuperAIs Won't Steal Our Jobs or Slaughter Us, Part 1
Bob uses basic economics to argue that human workers will always find a place in the economy, regardless of how productive super-AI systems may become.
Mentioned in the Episode and Other Links of Interest:
* Bob Murphy Show episode on reparations and AI.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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May 24, 2023
Ep. 273 The Austrian Theory of Interest, Current and Future
For a chapter in Per Bylund's new collection, Bob explained the pure time preference theory (PTPT) of interest, and then offered suggestions for future work on an Austrian theory of interest. He summarizes his chapter in this episode.
Mentioned in the Episode and Other Links of Interest:
* Per Bylund's 2022 edited collection.
* Part 1 and Part 2 and Part 3 in the series on Capital & Interest in the Austrian tradition (BMS ep. 26 and 28 and 31).
* Bob’s doctoral dissertation, in which the second and third essays elaborate on the main elements of this episode.
* The Bob Murphy Show interview with Jeff Herbener.
* Bob's mises.org article summarizing Bohm-Bawerk's critique of the exploitation theory of interest (and in the article the are links early on to two other BB critiques).
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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May 19, 2023
Ep. 272 More on Voluntary Law, and Comments on the Open Borders Controversy
Bob elaborates on law enforcement in a voluntary society, and then offers commentary on Dave Smith's Twitter feuds regarding Open Borders.
Mentioned in the Episode and Other Links of Interest:
* Bob's previous discussion of voluntary law.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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May 17, 2023
Ep. 271 The Economics of Reparations and the Danger of AI
Bob first explains his long-held position on the economics of slavery and reparations, and then applies it to the debate over the danger of superintelligent machines.
Mentioned in the Episode and Other Links of Interest:
* Matt Walsh rips on Ryan McMaken and (indirectly) Murphy.
* Bob Murphy Show episodes on economics of slavery, with Jeffrey Rogers Hummel and Mark Thornton.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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May 12, 2023
Ep. 270 Introducing infineo Marrying Whole Life with Blockchain Technology
Bob officially describes his new role as Chief Economist with infineo. He first explains the mechanics of Whole Life insurance policies and their use as cash management vehicles. Then Bob summarizes the first infineo whitepaper, which explains the $SOUND token, a security token that represents a fractional claim on the aggregate cash value of a pool of Whole Life policies.
Mentioned in the Episode and Other Links of Interest:
* The infineo website.
* Bob's podcast with Cole Snell, FOUNDERS FORUM.
* Link to view infineo whitepaper 1.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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May 10, 2023
Ep. 269 Responding to Sam Seder on Private Law
Bob goes through a Sam Seder episode to explain how a voluntary society could provide a rule of law.
Mentioned in the Episode and Other Links of Interest:
* The Majority Report episode featuring ancap debate.
* Rohan Grey's response to Murphy MMT debate.
* BMS ep. 130 with Rohan Grey.
* Murphy pamphlet Chaos Theory and lecture on private law.
* Murphy essay, "But wouldn't warlords take over?"
* BMS ep. 260 on case of private owners mimicking State policies.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Apr 29, 2023
Ep. 268 Daniel Miller on Why and How Texas Will Leave the Union
Daniel Miller is president of the Texas Nationalist Movement and author of TEXIT: Why and How Texas Will Leave the Union. Bob and Daniel have a lively discussion where they cover the realistic prospects for Texas independence, lessons from history, and dealing with typical objections.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* The Texas Nationalist Movement website.
* Daniel Miller's book TEXIT: Why and How Texas Will Leave the Union.
* Bob's pamphlet on Texas independence.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Apr 8, 2023
Ep. 267 Does Jesus Want Matt Walsh to Turn the Other Cheek?
Prompted by a conversation with someone who had been reading the Bible, Bob explains his views on the Sermon on the Mount and how a pacifist society could work. He then uses a Matt Walsh tweet, which calls on right-wingers to "treat them like they treat us," to explore the difficulties of living up to Jesus' commands.
Mentioned in the Episode and Other Links of Interest:
* Murphy vs. Matt Walsh.
* BMS ep. 19, Why Rothbardian Institutions Would Become Nonviolent.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Apr 6, 2023
Ep. 266 Does Government Debt Benefit Society?
Bob takes a David Andolfatto tweet to explain why it's wrong to think that issuing US Treasuries somehow creates social benefits. Then he rehashes a conversation with Peter St. Onge about whether we should care if the central bank goes bankrupt.
Mentioned in the Episode and Other Links of Interest:
* David Andolfatto on inflation and government debt.
* Bob interviews Andolfatto in episode 175.
* Robert Barro's famous 1974 paper on government bonds.
* Bob talking with Peter St. Onge on the Human Action podcast.
* Bob's 3-part series on the social function of a) stock speculators, b) futures contracts, and c) call and put options.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Apr 4, 2023
Ep. 265 Do the Apostles Show Christians They Should Live as Socialists?
Bob recently appeared as the first guest in a marathon livestream of Lambda Conversations, hosted by Luke Avery. They cover all sorts of interesting topics in the intersection (or possible lack thereof) between Biblical Christianity and modern libertarianism.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* The YouTube channel for Lambda Conversations.
* BMS ep. 261 on Prayer, Free Will, and Miracles.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Mar 27, 2023
Ep. 264 Is the Fed Bailing Out the Banks
Bob first describes what happened with Silicon Valley Bank, and then explores whether the Fed's new lending facility constitutes a bailout of the banks, and what the economic consequences are.
Mentioned in the Episode and Other Links of Interest:
* An article on the SVB facts.
* Bob and Jeff Deist on SVB and 100% banking.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Mar 17, 2023
Ep. 263 How to Handle Critics of Texas Independence Who Threaten Violence
Bob handles some common objections to US secession, and gives proponents a real-world strategy to pave the way.
Mentioned in the Episode and Other Links of Interest:
* David R. Henderson's article on his early days teaching.
* Bob's pamphlet on Texas independence.
* Dave Smith on Michael Malice's show to discuss objections to secession.
* Joan Rivers goes off.
* Trailer for "The Postman Always Rings Twice."
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Mar 7, 2023
Ep. 262 Tatiana Moroz on the War Machine, Love Songs, and Good vs. Evil
Singer-songwriter Tatiana Moroz updates Bob on her latest adventures, including her move to Miami, music video shoot in Poland, and performance at the antiwar rally in DC. The conversation includes deep issues of God and Satan, and the problem of evil.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Tatiana's website.
* Tatiana's new music video, "Whatcha Gonna Do"
* Cryptomediahub.com
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Feb 25, 2023
Ep. 261 Prayer, Free Will, and Miracles: How to Think Rationally About Christianity
Bob answers a listener email asking how to think rationally about vexing problems in Christianity.
Mentioned in the Episode and Other Links of Interest:
* C.S. Lewis on miracles.
* Richard Feynman on physical laws.
* Science: Meditators have younger brains.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Feb 11, 2023
Ep. 260 What If Private Property Owners Mimicked Policies of the State?
Due to listener request, Bob explains why a legitimate owner has the right to set policies that would be immoral for the State to implement, and why in practice private owners would be much less likely to do so.
Mentioned in the Episode and Other Links of Interest:
* Bob’s essays on Private Law and Private Defense.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jan 20, 2023
Ep. 259 Responding to the Dave Smith/Curtis Yarvin Discussion on Libertarianism, Part 2
Bob addresses Curtis Yarvin's physics analogies that supposedly show libertarianism is akin to Newtonian physics, since it leaves out the need to use violence to establish order.
Mentioned in the Episode and Other Links of Interest:
* BMS ep. 258, which is Part 1 of Bob's response.
* The Michael Malice episode featuring Yarvin vs. Smith.
* Ben Powell and co-authors show that Somalia under anarchy did well.
* Bob's essays on Private Law and Private Defense.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jan 19, 2023
Ep. 258 Responding to the Dave Smith/Curtis Yarvin Discussion on Libertarianism, Part 1
Bob addresses Curtis Yarvin's claim that free trade policy has hurt America, and that libertarians don't have a good response to it.
Mentioned in the Episode and Other Links of Interest:
* The Michael Malice episode featuring Yarvin vs. Smith.
* FRED charts showing manufacturing employment, index of total manufacturing production, components of manufacturing, and domestic auto production.
* A previous BMS episode that critiqued Yarvin.
* A Yarvin post that Bob liked.
* Bob's warning about free traders going too far.
* Bob explains the social function of call and put options.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jan 11, 2023
Ep. 257 Bob Murphy Explains His Favorite Hans Hoppe Work
Bob walks through Hans Hoppe's argument that Mises' action axiom extended Kantian epistemology by solving the mind/body problem.
Mentioned in the Episode and Other Links of Interest:
* Hoppe's booklet, Economic Science and the Austrian Method.
* David Gordon's lecture on the method of praxeology.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Dec 31, 2022
Ep. 256 The Rothbardian Definition of the State
Bob explains the Rothbardian approach to defining the State, and then applies it to the recent example of a gas station hiring private security.
Mentioned in the Episode and Other Links of Interest:
* Rothbard's book, The Anatomy of the State. (Bob read from the first chapter during the episode.)
* A news story covering the Philly gas stations employing private, heavily armed security.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Dec 22, 2022
Ep. 255 The Economics of Discrimination
Bob responds to critics who had defended Kanye West's anti-Semitic remarks, on both a theological and secular level. He then explains a recent study arguing that there is little racial discrimination in US mortgage lending.
Mentioned in the Episode and Other Links of Interest:
* The Economist article.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Nov 21, 2022
Ep. 254 Karl Marx Was Kind of a Big Deal: A Response to Magness and Makovi
Bob first explains the synthetic control method and then critiques a newly published paper by Magness and Makovi employing the technique. M&M argue that were it not for the 1917 Russian revolution, Marx would today be a minor figure. Bob sharply disagrees.
Mentioned in the Episode and Other Links of Interest:
* The Magness & Makovi paper on Marx.
* RECEIPTS for Bob's claims.
* Their AIER summary post.
* Bob's paper with Phil on Piketty.
* John Ganz critique, 1 and 2. Phil's response to Ganz.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Nov 10, 2022
Ep. 253 Exploring the Kanye West Controversy More Deeply
Bob takes on Kanye West's recent comments about "Jews in the media" by showing the inner contradictions. rather than simply declaring "antisemitism" and condemning. He ends with a critique of Christians who harbor an anti-Jewish worldview.
Mentioned in the Episode and Other Links of Interest:
* Kanye on the Lex Fridman podcast.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Oct 21, 2022
Ep. 252 Bob’s Reaction to the Bernanke/Diamond-Dybvig Nobel Award
The 2022 recipients of the Nobel (Memorial) Prize in Economics were Ben Bernanke, Douglas Diamond, and Philip Dybvig, for their work on understanding the role of banks in financial crises. Bob explains what they did and then comments critically, giving the superior Austrian take.
Mentioned in the Episode and Other Links of Interest:
* Bob's discussion of the Nobel with Jeff Deist on the Human Action podcast.
* The YouTube compilation "Bernanke was wrong."
* Selgin on Diamond-Dybvig (part 1 and part 2). McCulloch and Yu's critique of Diamond-Dybvig.
* The Olin School of Business interview with Dybvig.
* Bob's article "More Than Quibbles..." on fractional reserve banking.
* Block and Barnett on the broader issue of maturity mismatch.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Oct 15, 2022
Ep. 251 Mary Theroux Reminisces on David Theroux, the Founding of the Independent Institute, and Solving California’s Homelessness
Mary Theroux is Chairman of the Board of Directors and CEO of the Independent Institute. She was married to the late David Theroux. In this episode, she gives the background on how she and David met, and the early years of the Independent Institute. Along the way she touches on many topics including the CS Lewis Society, the war fever on America's right wing, and the problem of homelessness.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* A nice tribute to David Theroux from Alex Tabarrok. Tabarrok on bounty hunters.
* David's article on C.S. Lewis.
* Independent Institute's documentary on homelessness. Their series Love Gov.
* Bob's article on Nordhaus' carbon tax in The Independent Review, and his book Choice (published by Independent).
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Oct 7, 2022
Ep. 250 Bob Murphy vs. Biden Administration on Fuel Inventories
Bob analyzes the various fallacies involved in the Biden Administration's recent warnings to oil refineries to increase their level of domestic inventories.
Mentioned in the Episode and Other Links of Interest:
* The Bloomberg article on the Biden Admin's warnings to refiners.
* Bob's EconLib article on oil speculators.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Sep 16, 2022
Ep. 249 Bob Murphy Talks Texas Independence on the Battle Born Podcast
Randy Sadac and Adam Haman of the LP Nevada interview Bob on their Battle Born podcast. Bob makes the case for Texan independence and deals with common objections.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* The Battle Born podcast.
* Bob's pamphlet COMMON SENSE: The Case for an Independent Texas.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Sep 3, 2022
Ep. 248 Jacob Hornberger Says Libertarians Should Oppose School Vouchers
Jacob Hornberger, founder of the Future of Freedom Foundation (FFF), makes the forceful case that libertarians shouldn't support "school choice" in the form of government vouchers for private schools. Bob plays devil's advocate and raises several points that libertarian proponents of vouchers make.
Mentioned in the Episode and Other Links of Interest:
* The YouTube video of this interview.
* Hornberger's article arguing school vouchers are anti-libertarian.
* Milton Friedman's talk "Say 'No' to Intolerance."
* Sheldon Richman's book, Separating School and State.
* Bob Murphy Show ep. 105 with Corey DeAngelis (who is for school vouchers).
* Madeleine Albright says killings hundreds of thousands of Iraqi children through sanctions was worth it.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Aug 18, 2022
Ep. 247 How to Explain a Free-Market Society to an American Christian
Prompted by his advice to a young student entering a debate competition, Bob describes the way he would explain a Rothbardian free-market society to a skeptical conservative American Christian.
Mentioned in the Episode and Other Links of Interest:
* Bob's essays on private law and military defense in his pamphlet Chaos Theory.
* Bob's journal article on private military defense.
* Walter Block's book on private roads.
* Rothbard's essay on how not to desocialize.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Aug 5, 2022
Ep. 246 Tim Pool on Labor Migration and Are We in a Recession?
Bob first pushes back on Tim Pool's recent commentary on interstate labor mobility, then turns to address whether the US is currently in a recession. He explains the role that inventories play in conventional GDP accounting.
Mentioned in the Episode and Other Links of Interest:
* The YouTube source of the Tim Pool clip.
* Bob's article on GDP inventory adjustments.
* Scott Sumner explains problems with using the data to argue for a recession in early 2022.
* Bob and Ryan Griggs on the "predictive" power of the yield curve, and how to reconcile it with Austrian business cycle theory.
* Bob's study (with Fraser co-authors) on Michigan's economic reforms.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jul 18, 2022
Ep. 245 Cutting Larry Summers Some Slack on His Labor Market Remarks
Bob provides a qualified defense of Larry Summers' recent claim that high unemployment will be necessary to contain price inflation.
Mentioned in the Episode and Other Links of Interest:
* The Summers interview featured in the audio clip. The Bloomberg article quoting Summers on how unemployment is necessary to fight inflation.
* Robert Lucas' Nobel Prize lecture that explains the Phillips Curve.
* The Jan 2022 debate between Krugman and Summers on inflation.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jun 24, 2022
Ep. 244 Jason Rink On His Controversial Documentaries
Jason Rink explains his documentaries on the so-called Q-Shaman and Nick Fuentes, as well as the pushback he's received.
Mentioned in the Episode and Other Links of Interest:
* The YouTube video of this interview.
* Jason Rink's posts (here and here) explaining what happened with FreedomFest.
* Bob Murphy Show episode 174 explaining the Viking guy (Q-Shaman).
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jun 20, 2022
Ep. 243 To Understand (Price) Inflation Then and Now, Follow the Money
Bob seeks to explain why the Fed's extraordinary monetary inflation following the 2008 financial crisis didn't result in $5/gallon gasoline, while the Fed's extraordinary monetary inflation following the 2020 coronavirus panic did.
Mentioned in the Episode and Other Links of Interest:
* Bob's newspaper op ed laying out his explanation.
* Bob's blog post summarizing what happened with his botched price inflation bet.
* Bob’s book on Understanding Money Mechanics, and the chapter explaining the M1 redefinition.
* Bob’s speech for the Mises Institute in Orlando.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jun 4, 2022
Ep. 242 Thoughts on the Libertarian National Convention, and Is the Fed Going to Cause a Recession?
Bob offers thoughts on the LP Mises Caucus takeover, Justin Amash's speech, and then argues that the Fed has not yet begun to tighten.
Mentioned in the Episode and Other Links of Interest:
* Justin Amash's quotes from Mises at LNC 2022.
* Bob's book on Understanding Money Mechanics, and the chapter on the yield curve.
* Bob's speech for the Mises Institute in Orlando.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jun 1, 2022
Ep. 241 Krugman Confuses on Trade Surpluses
Bob uses a recent Krugman article to highlight how free-traders sometimes confuse the public on the nature of trade surpluses. Contrary to Krugman, there's nothing foolish about exporting more than you import.
Mentioned in the Episode and Other Links of Interest:
* Bob's mises.org critique of Krugman's NYT column.
* Bob's critique of the WSJ subtitle for a Barro op ed.
* Bob's novel Minerva (pdf version compiled by a listener).
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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May 16, 2022
Ep. 240 Why Putin’s Moves Won’t Strengthen Ruble
Bob argues that Putin's moves to link the ruble to gold and to insist on ruble payments for natural gas won't be very effective in strengthening the currency. He then critiques a recent listener comment who argued that one's views on taxation are important for determining moral worth as a human.
Mentioned in the Episode and Other Links of Interest:
* An example of Ronan Manly's ruble/gold analysis.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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May 12, 2022
Ep. 239 Mike Thiessen Interviews Bob Murphy on Climate Economics and the Fate of the US Empire
Mike Thiessen talks with Bob extensively on the economics of climate change policy. The discussion then turns to the fate of the US dollar and the US empire.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Bob's study with Ross McKitrick on the economics of climate change.
* Bob's evaluation of the forecasts of the leading climate models.
* Schwab’s books The Fourth Industrial Revolution and Covid-19 and the Great Reset. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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May 1, 2022
Ep. 238 Johnny Vedmore on Klaus Schwab, Kissinger, and the CIA
Johnny Vedmore is an independent journalist from Cardiff, Wales. He discusses his masterful article on Klaus Schwab's mentors, including Henry Kissinger and John Kenneth Galbraith.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Johnny Vedmore's article on Klaus Schwab.
* Part 1, Part 2, Part 3, Part 4 and Part 5 of the BMS series on Klaus Schwab and the Great Reset.
* An evaluation of Herman Kahn's "Year 2000" forecasts. Part 1 of John Kenneth Galbraith's "The Age of Uncertainty."
* Trailer for the Kubrick film, "Dr. Strangelove."
* Bob's novel, Minerva.
* Schwab’s books The Fourth Industrial Revolution and Covid-19 and the Great Reset. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Apr 21, 2022
Ep. 237 The New World Order and Dehumanization on the Left and Right
Bob critiques the economic views of Yuval Harari, who predicts "useless people" because of technological advances. Bob then showcases similar thinking from right-wingers. He ends by addressing a common critique of the Christian God.
Mentioned in the Episode and Other Links of Interest:
* Part 1, Part 2, Part 3, Part 4 and Part 5 of the BMS series on Klaus Schwab and the Great Reset.
* Bob's book with Silas Barta on Understanding Bitcoin.
* Source for NWO compilation.
* Source for World Government Summit panel on blockchain.
* Source for Harari audio.
* Tim Pool episode featuring Michael Malice discussing NPCs (around 1:04:30).
* Schwab’s books The Fourth Industrial Revolution and Covid-19 and the Great Reset. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Apr 17, 2022
Ep. 236 Jon Stewart Asks Great Questions of Federal Reserve Chief
In a recent episode of "The Problem With Jon Stewart," the former Daily Show host asks former president of the Kansas City Fed Thomas Hoenig why the Fed couldn't have bailed out homeowners, or just "quantitative ease" away the Treasury's debt. Hoenig gives muddy answers, so Bob tries to clarify.
Mentioned in the Episode and Other Links of Interest:
* Jon Stewart's full interview with Thomas Hoenig.
* Jon Stewart skewers Paul Krugman.
* Jon Stewart interviews Kelton and Gray on MMT.
* Bob's book Understanding Money Mechanics.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Apr 6, 2022
Ep. 235 Behind Klaus Schwab, the World Economic Forum, and the Great Reset: Part 5
Bob completes his series on the elites who are literally trying to take over the world. He first explains Schwab's connection to the Global Government Summit, and then finishes reading key excerpts from Schwab's book on Covid-19 and the Great Reset.
Mentioned in the Episode and Other Links of Interest:
* Part 1, Part 2, and Part 3, and Part 4 of this series.
* Bob and Carlos Lara's presentation, "How to Weather the Coming Economic Storms."
* Bob's book Common Sense: The Case for an Independent Texas.
* Bob and Carlos' book The Case for IBC. Their book How Privatized Banking Really Works.
* The WEF’s bio for its founder, Klaus Schwab.
* Schwab’s books The Fourth Industrial Revolution and Covid-19 and the Great Reset. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* Schwab's address to Global Government Summit.
* Forbes’ article on Schwab the power broker.
* Help support the Bob Murphy Show.
The audio production for this…
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Mar 31, 2022
Ep. 234 Keith Weiner on the Gold Market and How to Replace Government Paper Money
Keith Weiner is founder and CEO of Monetary Metals, an investment firm that pays interest on gold, and the founder of the Gold Standard Institute USA. Weiner's mission is to provide entrepreneurial services and education to help restore gold as the world's money par excellence.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Keith Weiner's bio at Monetary Metals.
* Weiner's Forbes article on gold and silver coins not circulating.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Mar 15, 2022
Ep. 233 Behind Klaus Schwab, the World Economic Forum, and the Great Reset: Part 4
Bob continues his series, this time focusing on the creepy worldview of WEF speaker Yuval Harari, and further reviews Schwab's book on Covid-19 and the Great Reset.
Mentioned in the Episode and Other Links of Interest:
* Part 1, Part 2, and Part 3 of this series.
* The WEF’s bio for its founder, Klaus Schwab.
* Schwab’s books The Fourth Industrial Revolution and Covid-19 and the Great Reset. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* Yuval Harari's website.
* "Awaken With JP"'s episode on Schwab and Harari.
* Harari's talk on the future of humanity at the 2018 World Economic Forum conference.
* Bob's article on the socialist calculation debate. Joe Salerno's lecture on it.
* Forbes’ article on Schwab the power broker.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Mar 8, 2022
Ep. 232 Behind Klaus Schwab, the World Economic Forum, and the Great Reset: Part 3
Bob continues his series on Klaus Schwab, highlighting examples of Schwab's influence on world leaders, and reading excerpts from his book on Covid-19 and the Great Reset.
Mentioned in the Episode and Other Links of Interest:
* Part 1 and Part 2 of this series.
* The WEF’s bio for its founder, Klaus Schwab.
* Schwab’s books The Fourth Industrial Revolution and Covid-19 and the Great Reset. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* Bob's first co-hosted Human Action podcast with Jeff Deist.
* Forbes’ article on Schwab the power broker.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Mar 2, 2022
Ep. 231 Thaddeus Russell Repeatedly Lied to Michael Malice
In a recent episode of the podcast "Your Welcome," Michael Malice had Thaddeus Russell on to explain the controversy that had erupted over an interview Russell did with philosophy professor Stephen Kershnar, where the two academics had defended adult-child sexual relations. Bob documents that Russell's explanations to Malice don't stand up to the record of his own written and spoken remarks.
Mentioned in the Episode and Other Links of Interest:
* Michael Malice's recent interview of Thaddeus Russell on ep. 193 of Your Welcome.
* Thaddeus Russell's controversial interview of Stephen Kershnar back in December 2020.
* BMS ep. 180, the original critique of Thad's interview of Kershnar.
* Thad on Liberty Lockdown in summer of 2021.
* Thad's 2009 Daily Beast article on Roman Polanski.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Feb 18, 2022
Ep. 230 Bob Murphy vs. Dave Smith on the Johns Hopkins Lockdown Study
Bob explains the friendly exchange he had with Dave Smith regarding the new Johns Hopkins study that concluded lockdowns did little to reduce mortality. Smith had tweeted that in a sane world, all those favoring lockdowns would be publicly disgraced, while Bob argues that these studies are so open-ended that people on both sides can reasonably ignore those that disagree with their preferred conclusions.
Mentioned in the Episode and Other Links of Interest:
* Dave Smith's original tweet about the Johns Hopkins study.
* Bob's article on Nordhaus vs. the UN.
* A Reuters "fact check" that cites Johns Hopkins experts on why lockdowns DO work.
* A Politifact pushback on Johns Hopkins study.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Feb 4, 2022
Ep. 229 Bob Murphy Admits Steve Patterson Was Right About the Problems With Infinity
Bob has Steve Patterson back on the show, to concede that Steve's skepticism of higher mathematics was right all along. Specifically, Bob explains how his recent discovery of a theorem from Riemann showed that something is indeed rotten in the way mathematicians typically handle infinite sets.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Steve Patterson's website and YouTube channel.
* Steve's interview with NJ Wildberger.
* A great summary of Riemann's Rearrangement Theorem.
* The BMS episodes on Godel's Incompleteness Theorems and Arrow's Impossibility Theorem.
* Steve's previous appearance on the Bob Murphy Show.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jan 19, 2022
Ep. 228 Behind Klaus Schwab, the World Economic Forum, and the Great Reset: Part 2
Bob continues his series on Klaus Schwab, explain the WEF's plans for redesigning the world, and providing quotes from Schwab's book on the fourth industrial revolution.
Mentioned in the Episode and Other Links of Interest:
* Part 1 of this series.
* The WEF’s bio for its founder, Klaus Schwab.
* Schwab’s books The Fourth Industrial Revolution and Covid-19 and the Great Reset. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* The WEF's Global Redesign Summit and the Global Redesign Initiative.
* Nick Buxton's article on Davos and the danger to democracy.
* Forbes' article on Schwab the power broker.
* FEE article on the socialist roots of fascism.
* 1983 article in Harper's on the Bank of International Settlements (BIS).
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jan 10, 2022
Ep. 227 Behind Klaus Schwab, the World Economic Forum, and the Great Reset: Part 1
Bob starts a series looking into Klaus Schwab, founder of the World Economic Forum and, along with Prince Charles, proponent of the "Great Reset."
Mentioned in the Episode and Other Links of Interest:
* Klaus Schwab and Prince Charles promoting the "Great Reset."
* The World Economic Forum's page on the Great Reset.
* An example of a session from the WEF's Davos Agenda 2021 conference.
* The WEF's bio for its founder, Klaus Schwab.
* Schwab's books The Fourth Industrial Revolution and Covid-19 and the Great Reset. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* The video of Schwab explaining his connection to Kissinger.
* The "red pill" documentary Wake Up Call.
* Murphy's new book from the Mises Institute, Understanding Money Mechanics.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jan 4, 2022
Ep. 226 Murphy vs Weisenthal on Currency Debasement
Bob critiques a Guardian article from an economist favoring price controls, and explains his argument with Joe Weisenthal about the social benefit of saving actual cash.
Mentioned in the Episode and Other Links of Interest:
* Dr. Keith Smith (of the Surgery Center of Oklahoma) contact page.
* The Guardian article advocating price controls.
* Murphy Mises.org critique of Weisenthal.
* Murphy article on the 1920-21 depression.
* Mises essay calling inflationary war finance "undemocratic."
* BMS series on Bohm-Bawerk (1, 2, and 3).
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Dec 4, 2021
Ep. 225 Buck Johnson Interviews Bob Murphy on the Case for an Independent Texas
Buck Johnson hosts the podcast Counterflow, and recently featured Bob to discuss his new pamphlet COMMON SENSE on Texas secession.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Bob's pamphlet COMMON SENSE: The Case for an Independent Texas.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Nov 26, 2021
Ep. 224 Patrick Newman on Cronyism in Early US History
Patrick Newman is a fellow at the Mises Institute who have just published his new book. He talks about Rothbard's approach to history, whether the US revolution was libertarian, and the proper way to interpret Andrew Jackson.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Patrick Newman's new book Cronyism: Liberty vs. Power in Early America, 1607-1849.
* Patrick's previous appearance on ep. 49 of the Bob Murphy Show.
* Dan Sanchez's article on Andrew Jackson's fight with Nicholas Biddle over the Second Bank of the United States.
* Bob's review of MMT (including Andrew Jackson's payoff of the federal debt).
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Nov 17, 2021
Ep. 223 Climate Scientist David Legates Gives a Contrarian View on Climate Change
David Legates has a PhD in climatology and is Professor of Climatology at the University of Delaware. He discusses the new 3rd edition of the Independent Institute book, "Hot Talk, Cold Science: Global Warming's Unfinished Debate."
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* The Independent Institute book, Hot Talk, Cold Science.
* Bob's study with Ross McKitrick (one of the debunkers of the so-called hockey stick).
* Bob's article on how "statistical significance" is misleading with respect to the climate models.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Nov 11, 2021
Ep. 222 Kris Borer's Fun Book Explains AnCap Ethics
Kris Borer is an entrepreneur with a background in robotics and artificial intelligence. His new book is narrative non-fiction that illustrates why libertarianism cannot be defined precisely with physical concepts like force or property boundaries. Instead, Borer argues that libertarians should use praxeology to define conflict, aggression, and the NAP.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Kris Borer's book, The Ethics of Anarcho-Capitalism. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* Kris Borer's website.
* Kinsella and Tinsley's paper on causation and aggression.
* BMS episode on Godel's Theorem.
* Bob and Gene Callahan critique of Hoppe's argumentation ethics, Stephan Kinsella defends Hoppe on BMS.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Nov 4, 2021
Ep. 221 Why Biden Paid Leave Will Hurt Women, and Why Morpheus Gives Bad Moral Advice
Bob explains the economics of paid leave, and he points out some disturbing trends in the "post-libertarian" discussions about fighting tyranny.
Mentioned in the Episode and Other Links of Interest:
* The BLS' minimum wage stats.
* Curtis Yarvin on formalism.
* Part II, Chapter 8 from George Orwell's 1984.
* Bob's pamphlet COMMON SENSE: The Case for an Independent Texas.
* Hoppe on "What Must Be Done."
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Nov 1, 2021
Ep. 220 Ian Crossland on L.A. Acting, Helping Others, and Resisting Group-Think
Ian Crossland, frequent co-host on Tim Pool's podcast, explains his background in acting and his views on helping others to help themselves. Ian also explains his role in speaking unpopular truths. This was one of Bob's favorite conversations that is hard to classify.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Ian Crossland's YouTube channel.
* Ian's commercials!! One and two.
* Bob's appearance on Tim Pool with Ian.
* The physics paper by Nassim Haramein that Ian referenced.
* The scientists discussing comet strikes (and more) on Joe Rogan that Ian referenced.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Oct 23, 2021
Ep. 219 David Gornoski on His YouTube Ban and Today's Scapegoats
Host of A Neighbor's Choice radio program, David Gornoski talks about the recent removal of his YouTube channel. He summarizes the work of Rene Girard and shows how society still tries to use scapegoats to relieve tensions, even after Jesus showed us its futility.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* David Gornoski's show, A Neighbor's Choice.
* David's previous appearance on the BMS.
* David's interview regarding literal "witch"-burning in Papua New Guinea.
* Bob's EconLib article on geo-engineering techniques to mitigate climate change.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Oct 18, 2021
Ep. 218 Kerry Baldwin Uses Property Rights to Correct Both Sides in the Abortion Debate
Kerry Baldwin is a Christian libertarian who advances a nuanced position on abortion that seeks to protect the fetus while respecting the bodily rights of the mother.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Kerry Baldwin's website, MereLiberty.com, with her work on abortion summarized here.
* Baldwin's SoHo Forum debate on abortion with Walter Block.
* Baldwin's co-authored book Faith Seeking Freedom, published by the Libertarian Christian Institute. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* Bob's interview with two of the other co-authors of Faith Seeking Freedom.
* A documentary on Restorative Justice.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Oct 11, 2021
Ep. 217 Murphy Critiques MMT TED Talk
Bob provides a running refutation of Stephanie Kelton's recent TED talk on Modern Monetary Theory (MMT).
Mentioned in the Episode and Other Links of Interest:
* Stephanie Kelton's TED Talk.
* Bob's review of Kelton's book explaining MMT.
* Kelton's intro to MMT, The Deficit Myth. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* Bob's interview of a founder of MMT, Warren Mosler. Then Bob's analysis of that episode.
* Bob's Mises.org critique of a popular identity (equation) in the MMT literature.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Oct 3, 2021
Ep. 216 COMMON SENSE: The Case for an Independent Texas
Bob covers some of the key points in his new pamphlet on restoring the Republic of Texas.
Mentioned in the Episode and Other Links of Interest:
* Bob's new pamphlet, COMMON SENSE: The Case for an Independent Texas.
* Bob's recent appearance on Tim Pool's show.
* Bob's article on opting out of Social Security.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Sep 28, 2021
Ep. 215 Joe Salerno versus Paul Krugman on Austrian Business Cycle Theory
Using a recent Paul Krugman column as the jumping off point, the Mises Institute Academic Vice President Joe Salerno explains and defends Austrian business cycle theory.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Bob's response to Krugman's NYT piece.
* Joe Salerno's 2012 QJAE article responding to ABCT critics.
* Joe Salerno's previous appearance on the Bob Murphy Show ep. 16.
* Bob's critique of Selgin on Canadian fractional reserve banking.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Sep 18, 2021
Ep. 214 Explaining Libertarianism to Skeptical Christians
Doug Stuart and Dick Clark of the Libertarian Christian Institute talk about the book they co-authored (with 2 others) that answers tough questions.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* The book Faith Seeking Freedom: Libertarian Answers to Tough Questions, by the guests and co-authors. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* The homepage for the Libertarian Christian Institute and their Facebook page.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Sep 7, 2021
Ep. 213 Mark Spitznagel Teaches the Economists How to Invest
Bob reviews Mark Spitznagel's latest book, "Safe Haven: Investing for Financial Storms," on which he was a consultant. Bob explains that Spitznagel rejects the alleged dichotomy between risk and return, and then gives a numerical example to illustrate the two schools of thought.
Mentioned in the Episode and Other Links of Interest:
* Bob's appearance on Jordan Peterson's podcast.
* Bob's surprisingly high ranking among influential economists. His episode with Winston Ewert (who helped design the AI that produced the ranking).
* Mark Spitznagel's new book Safe Haven: Investing for Financial Storms and his previous book, The Dao of Capital. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Aug 24, 2021
Ep. 212 The “Nixon Shock” Was Only the Final Nail in the Coffin of the Gold Dollar
Bob gives a brief history of money in the United States, explaining that the dollar was much "harder" in, say, 1810 than it was in 1910. This explains why there was significant consumer price inflation even in 1970, the year before Richard Nixon officially severed the dollar's link to gold.
Mentioned in the Episode and Other Links of Interest:
* Bob's chapter in the new book, Understanding Money Mechanics, discussing the history of the US gold/silver standards. His chapter on Mises' theory of the business cycle.
* Bob's articles discussing the 50th anniversary of Nixon closing the gold window: (1) Basic intro, (2) discussing the different regimes of the US gold standard, and (3) explaining the different inflation rates and the connection to Austrian business cycle theory. [Note that this third article hadn't posted as of the original publication of the podcast episode; this link will be updated when available.]
* Bob's article in the Quarterly Journal of Austrian Economics on…
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Aug 5, 2021
Ep. 211 Bob Murphy Explodes Popular Myths About Money
This is a replay of an interview Bob did on Silver Bullion TV. It occurred on July 23 and aired on July 30.
Mentioned in the Episode and Other Links of Interest:
* The original SBTV interview.
* Bob's article on ZeroHedge.
* Bob's Mises U lecture on money mechanics.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jul 28, 2021
Ep. 210 M. Night Shyamalan Is Giving You Permission to Be a Superhero
Bob reviews the "Unbreakable" movie trilogy, arguing that M. Night Shyamalan knows we need to awaken the superheroes among us. They might not even know who they are--yet.
Mentioned in the Episode and Other Links of Interest:
* The YouTube trailer for "Unbreakable," the first movie in the trilogy under discussion.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jul 21, 2021
Ep. 209 Bob Murphy Critiques Curtis Yarvin's Explanation of Inflation
In a May 2021 essay, Curtis Yarvin (aka Mencius Moldbug) argues that the American economy runs on an inflation machine. Yarvin claims that the best way to measure the amount of inflation is to look at the change in aggregate personal net worth over a given period. Murphy explains why this is wrongheaded.
Mentioned in the Episode and Other Links of Interest:
* Curtis Yarvin (aka Mencius Moldbug)'s essay on The Inflation Economy.
* Eric Weinstein tells Lex Fridman his wariness.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jul 13, 2021
Ep. 208 Per Bylund on the Importance of the Austrian School
Per Bylund is Associate Professor of Entrepreneurship at Oklahoma State University. He discusses three of his current book projects, all touching on various aspects of the Austrian School and its continued importance.
Mentioned in the Episode and Other Links of Interest:
* Per Bylund's page at Oklahoma State University.
* The Mises Institute's description of Per Bylund's upcoming primer on Austrian Economics.
* Bob's debate with David Friedman on economic method.
* Bob Murphy Show episode on intelligent design.
* Bob's article critiquing Eugene Fama's denial of the housing bubble.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jul 2, 2021
Ep. 207 “They Said What?!” John Lennon Edition
Bob unveils a new recurring series, in which he gives the context of infamous quotations. In this episode, he covers two allegedly shocking quotes from John Lennon, John Maynard Keynes' "in the long run we're all dead," Trump on Nazis being very fine people, Dan Quayle misspelling potato, Obama's "you didn't build that," and Bohm-Bawerk on Karl Marx.
Mentioned in the Episode and Other Links of Interest:
* Wikipedia entry on John Lennon's "more popular than Jesus" comment. Lyrics to "Revolution."
* Bob and the Music City Friends of Liberty cover "Come Together."
* Video for Trump's "very fine people" remark. Video of Obama's "you didn't build that."
* Nancy Pelosi on "We have to pass the bill to find out what's in it."
* Bohm-Bawerk's Karl Marx and the Close of His System.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jun 23, 2021
Ep. 206 “What Did Bob Learn?” Part 3 of 3
Bob concludes his series on areas where he's changed his mind. This episode covers the economics of climate change, fractional reserve banking, the US gold standard, his notorious inflation bets, Nelson Nash's Infinite Banking Concept, and the God of the Bible.
Mentioned in the Episode and Other Links of Interest:
* Bob's chapter on the gold standard. Mises' plan to put the USD back on gold.
* Bob's explainer on the Tax Interaction Effect. His article explaining the contrast between William Nordhaus' work and the UN global warming target.
* Bob's journal article on the fractional reserve banking debate. Selgin & White's classic defense of FRB.
* Bob's blog post, "Why I Know There Is a God." Bob's full interview on the Free Born podcast.
* The Foundation of IBC video series. The documentary, "This Is Nelson Nash."
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jun 18, 2021
Ep. 205 Matt McCaffrey on Entrepreneurship and Chinese Military History
Matt McCaffrey is an Austrian economist who is currently associate professor of entrepreneurship at the University of Manchester. He talks with Bob about American economist Frank Fetter, before moving on to a staple of his research: the connection between Chinese military history and entrepreneurship.
Mentioned in the Episode and Other Links of Interest:
* Matt McCaffrey's paper on Chinese military history and on Frank Fetter.
* Hoppe on economic method.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jun 9, 2021
Ep. 204 Scott Sumner Argues the Bernanke Fed Was Too Tight
Scott Sumner is a monetary economist with the Mercatus Center. He famously argued in late 2008 that the Fed was too tight with monetary policy, and eventually he has convinced many economists of his views. In this episode he explains why interest rates and even monetary aggregates are not good indicators of the stance of monetary policy, whereas NGDP growth is much better.
Mentioned in the Episode and Other Links of Interest:
* Scott Sumner's Mercatus page. His blog, The Money Illusion.
* Scott argues the Fed through 2012 had been tight.
* Scott's older book The Midas Paradox. Scott's forthcoming book The Money Illusion. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* Bob's review of The Midas Paradox and his assessment of Market Monetarism.
* EconTalk interview with Michael Belongia (which brings up Milton Friedman's critical comments about NGDP targeting).
* Help support the Bob Murphy Show.
The audio production for this episode was p…
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May 31, 2021
Ep. 203 "What Did Bob Learn?" Part 2 of 3
In response to a listener request, Bob continues a 3-part series explaining areas where his views have changed. In this episode, he covers government debt and future generations, accuracy in polemical writing, the Fed being a private corporation, whether nice guys finish last, and mainstream utility theory.
Mentioned in the Episode and Other Links of Interest:
* Bob's "The Economist Zone" article with links to the original contributions to the Great Debt Debate. Bob's Mises University lecture on the topic.
* Bob’s link for Tom Woods’ Liberty Classroom (which features a lecture on government debt burdens).
* Bob's FEE article on the origin of public schools.
* Bob's essay on advice for single Christian men.
* Bryan Caplan's "Why I Am Not an Austrian Economist."
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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May 24, 2021
Ep. 202 "What Did Bob Learn?" Part 1 of 3
In response to a listener request, Bob starts a 3-part series explaining areas where his views have changed. In this episode, he covers trade deficits, justice vs. mercy, the 2000 election, WMDs in Iraq, and Arrow's Theorem.
Mentioned in the Episode and Other Links of Interest:
* Bob's article on why free traders should be more careful when defending trade deficits.
* Bob's article explaining the capital account in reference to trade deficits, in the context of criticizing Peter Schiff. Then Bob's mea culpa.
* Bob’s article on Robert Mundell.
* BMS episode explaining Arrow's Theorem.
* Steve Landsburg's The Armchair Economist. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* Bob's link for Tom Woods' Liberty Classroom (which features a lecture on Arrow's Theorem).
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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May 16, 2021
Ep. 201 David Howden Applies Austrian Theory to the Financial Markets
David Howden is Chair of the Department of Business and Economics at Saint Louis University's Madrid campus. He earned his PhD under Jesus Huerta de Soto. Bob asks David about his experiences as a next generation Austrian economist, and in particular his work on financial markets.
Mentioned in the Episode and Other Links of Interest:
* David Howden's academic page.
* Jesus Huerta de Soto's book on business cycles.
* Bob's critique of Fama on bubbles.
* Bob explains his botched inflation prediction.
* Mark Spitznagel's the Dao of Capital. Nassim Taleb's The Black Swan. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* Bob's article on social function of call and put options.
* Tyler Cowen interview of John Cochrane.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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May 11, 2021
Ep. 200 Vijay Boyapati Explains Why He Was RIght About Inflation in 2010 and Bitcoin in 2018
Vijay Boyapati left a lucrative job at Google in 2007 to move to New Hampshire and campaign for Ron Paul. In this episode, Vijay explains why the other Austrians should have listened to him in 2010 when he warned that their inflation predictions were wrong. He also explains his popular 2018 essay, "The Bullish Case for Bitcoin."
Mentioned in the Episode and Other Links of Interest:
* Vijay Boyapati's 2010 article on credit deflation.
* Vijay's 2018 article on "The Bullish Case for Bitcoin."
* Bob's guide (with Silas Barta) to Bitcoin.
* Bob's article on Hayek on private fiat money.
* Bob explains his botched inflation prediction.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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May 7, 2021
Ep. 198 Robert Murphy Lecture on History and NEW DEVELOPMENTS in Austrian Interest Theory
Bob gives a guest lecture for Jonathan Newman's MA course for the Mises Institute, on the history of, and new developments in, the pure time preference theory of interest. After summarizing the work of Bohm-Bawerk, Fetter, and MIses, Bob explains his own perspective and then how Jeff Herbener partially agreed with Bob's critique. This episode sets the table for Bob's interview with Herbener in ep. 199.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this lecture (which has the PPT slides).
* Information on the Mises Institute's online Master's Program.
* Bob's dissertation on Austrian capital theory.
* Bob's interview with Jeff Herbener (BMS ep. 199).
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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May 7, 2021
Ep. 199 Jeff Herbener and Bob Murphy Discuss the Pure Time Preference Theory of Interest
Jeff Herbener is a Senior Fellow with the Mises Institute and an economics professor at Grove City College. At the 2021 Austrian Economics Research Conference, Jeff presented a defense of the pure time preference theory of interest, and mentioned Bob's critique of it. This episode is a very informative discussion of their views.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this lecture (which has the PowerPoint slides).
* Jeff Herbener lecture on interest at Mises University.
* BMS ep. 198 (which provides context for this discussion).
* BMS ep. 119 with Guido Hulsmann (who also tries to replace the Pure Time Preference Theory).
* Bob’s dissertation (which is technical) on Austrian capital theory. Bob's article (for the lay person) explaining BB's critique of the naive productivity theory. An intermediate difficulty paper, in which Bob explains problems with viewing interest as "present goods are more valuable than future goods."
* Bob…
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Apr 27, 2021
Ep. 197 David Beckworth Explains NGDP Targeting and the Fed’s Current Framework
David Beckworth is a monetary economist with the Mercatus Center. He explains the rationale of the Market Monetarists (such as Scott Sumner) who support NGDP targeting as the best monetary policy. He also explains recent innovations in Fed policy, and critiques the MMTers.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* David Beckworth's homepage and podcast, Macro Musings.
* David Beckworth's book Boom and Bust Banking. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* George Selgin's monograph Floored! and book Less Than Zero. #Commissions Earned
* Beckworth's analysis of the NGDP gap, average inflation targeting, NGDPLT as ideal policy, and critique of MMT.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Apr 23, 2021
Ep. 196 Stephan Livera Interviews Bob Murphy on the Economics of Bitcoin
Stephan Livera hosts a popular podcast on Bitcoin and Austrian economics. He recently had Bob on to discuss, appropriately enough, the economics of Bitcoin from an Austrian perspective.
Mentioned in the Episode and Other Links of Interest:
* Stephan Livera's YouTube page.
* Bob and Silas Barta's guide to Bitcoin. BMS ep. 191 clarifying the debate over Bitcoin.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Apr 20, 2021
Ep. 195 Scott Horton on Osama Bin Laden’s Strategy to Take Down the US
Scott Horton comes back on the show to discuss his new book, Enough Already: Time to End the War on Terrorism. He and Bob largely focus on Osama Bin Laden's strategy for drawing the U.S. into unwinnable wars. They also discuss the role of Israel in U.S. foreign policy.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Scott's new book Enough Already: Time to End the War on Terrorism. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* The archive of interviews at The Scott Horton Show. The homepage of the Libertarian Institute.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Apr 16, 2021
Ep. 194 How a Voluntary Society Would Handle Blockades and Immigration
Bob elaborates on two ideas he had when he wrote his novel "Minerva" in grad school.
Mentioned in the Episode and Other Links of Interest:
* Bob's archives at Strike the Root, which contain the serialized version of Bob's novel, Minerva. (Note that the HTML formatting is incorrect for some characters, such as the em-dash turning up as an apostrophe.) UPDATE: A listener compiled a PDF version of Minerva here.
* Bob's articles on the social function of stock speculators, futures markets, and call and put options.
* To learn more about Whole Life insurance policies, see the Foundations of IBC video series, particularly Module 3.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Apr 10, 2021
Ep. 193 Walter Block Explains His Entry into Libertarianism and His View of the Future
Walter Block is a giant in the libertarian movement. He explains how he discovered this philosophy and why it will be difficult to advance liberty.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Walter's (co-authored) 2019 article on sociobiology and liberty.
* Walter's book Defending the Undefendable. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Apr 7, 2021
Ep. 192 Extending AnCap Analysis for Vaccine Passports, Court Rulings, and Desegregation
Using a recent Dave Smith interview of Michael Malice as a springboard, Bob elaborates his understanding of anarcho-capitalist principles to the thorny issues of vaccine passports, court rulings, and desegregation of the Old South.
Mentioned in the Episode and Other Links of Interest:
* Part of the Problem episode from February 20, 2021, "They Don't Care About You" featuring Michael Malice.
* Bob's book The Politically Incorrect Guide to Capitalism (featuring his analysis of racism in business). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Bob Murphy Show ep. 176, "A Framework for Analyzing Big Tech Censorship."
* Bob's essay against mandatory vaccinations.
* Bob's Mises U talk, "The Market for Security" (explaining private law enforcement).
* Khan Academy page on the Rosa Parks bus boycott.
* Bob's critique of an AIER article on private mask mandates.
* Help support the Bob Murphy Show.
The audio production for this episode was p…
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Apr 1, 2021
Ep. 191 Clarifying the Economic Framework for Both Camps in the Bitcoin Debate
Bob helps to clarify the Bitcoin debate. On the one hand, the "no intrinsic value" skeptics are ignoring how Austrians deal with gold, while on the other hand, the "HODL forever" enthusiasts would never allow Bitcoin to become a money.
Mentioned in the Episode and Other Links of Interest:
* Bob (and Silas Barta's) guide to Bitcoin.
* Bob's book Contra Krugman.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Apr 1, 2021
Ep. 191 Clarifying the Economic Framework for Both Camps in the Bitcoin Debate
Bob helps to clarify the Bitcoin debate. On the one hand, the "no intrinsic value" skeptics are ignoring how Austrians deal with gold, while on the other hand, the "HODL forever" enthusiasts would never allow Bitcoin to become a money.
Mentioned in the Episode and Other Links of Interest:
* Bob (and Silas Barta's) guide to Bitcoin.
* Bob's book Contra Krugman.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Mar 30, 2021
Ep. 190 Benjamin Boyce on the Evergreen State Protests and Lessons for America
Benjamin Boyce is a writer, interviewer, and filmmaker who rose to fame by relaying his experiences as a student during the infamous Evergreen State protests in 2017. He talks with Bob about the lessons we can learn as the rest of the country follows the same trajectory of identity politics.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Benjamin Boyce's YouTube channel.
* Benjamin Boyce's Complete Evergreen Story (chaps. 10 and 15 were specifically mentioned in the interview).
* Stephen King's On Writing. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Mar 22, 2021
Ep. 189 Josiah Neeley Gives the Other Side on What Happened With the Texas Power Freeze
Josiah Neeley is the Texas Director and Resident Senior Fellow in Energy for the R Street Institute. He has a lively discussion, pushing back on some of Bob's previously articulated points regarding the recent Texas freeze and blackouts.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Josiah's article on the Texas freeze.
* Bob’s article on the Texas freeze.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Mar 18, 2021
Ep. 188 Rob Bradley Gives a Brief History of US Electricity Regulation, With Lessons for the Recent Texas Freeze
Rob Bradley is an expert in the history of US energy markets. He explains the role of Sam Insull (co-founder of General Electric) in showing what a free market in electricity would look like, and then criticizes Texas' ERCOT as a central planning agency.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Rob Bradley's website, Master Resource. Rob's article on the recent Texas freeze and Paul Krugman.
* Rob Bradley's books Edison to Enron and Capitalism at Work. #CommissionsEarned
* Harold Demsetz's 1968 Journal of Law and Economics article, "Why Regulate Utilities?"
* Robert Bryce's book Pipe Dreams: Greed, Ego, and the Death of Enron. Forrest McDonald's book Insull: The Rise and Fall of a Billionaire Utility Tycoon. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
* Bob's article on the Texas freeze.
* Bob Murphy Show episode 77, where Rob Bradley explains his education under Rothbard and hi…
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Mar 15, 2021
Ep. 187 Gary Wolfram on the Minimum Wage and Other Misguided Policies
Gary Wolfram is an economics professor at Hillsdale College, who was both a teacher and colleague of Bob during his two stints at the school (first as a student then as a professor). They discuss Gary's background as an economist in both academia and the political sphere, and why government intervention hurts the people it ostensibly helps.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Gary Wolfram's book, A Capitalist Manifesto. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Bob's article on the $15 minimum wage. Walter Williams' 2007 FEE article on the minimum wage.
* Mises' Liberalism and Bastiat's The Law.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Mar 9, 2021
Ep. 186 What Really Happened With the Texas Power Grid
Since the deep freeze in February caused millions of Texas homes to lose their power, partisans have been fighting over the blame. The governor blamed wind turbines and the green agenda, whereas Paul Krugman said the fault was with natural gas. Bob shows the numbers; natural gas was to blame only in the sense that nobody expected wind to be useful during a winter crisis.
Mentioned in the Episode and Other Links of Interest:
* Bob's article at Mises.org, which gives links to all the relevant sources.
* The Foundations of IBC.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Mar 7, 2021
Ep. 185 Dr. Keith Smith Explains the Scam in Medical Pricing and How to Fix It
Medical doctor Keith Smith returns to the show to explain how government intervention allows insurance companies to distort health care prices. Rather than merely diagnosing the problem, Smith has formed organizations that are providing affordable care to patients.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* The Surgery Center of Oklahoma. The Free Market Medical Association (FMMA).
* The Medical Freedom Summit, hosted by Mises Institute, on June 17, 2021 in New Hampshire.
* A short YouTube video in which Keith Smith explains $100 hospital aspirin.
* Bob's book (co-authored with emergency room doctor Doug McGuff) on the economics of health care, The Primal Prescription. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Mar 2, 2021
Ep. 184 Nonviolent Solutions to Social Problems
Bob discusses three separate items all related to nonviolence: (1) Gene Sharp's work, (2) Bob's old dream of how to topple a tyrant, and (3) the winners of the Louis CK contest.
Mentioned in the Episode and Other Links of Interest:
* Gene Sharp's book, From Dictatorship to Democracy. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* The trailer for the documentary "How to Start a Revolution."
* Sharp's list of 198 methods of nonviolent action.
* The original Louis CK clip that inspired Bob's contest.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Feb 26, 2021
Ep. 183 Ben Powell Argues that Immigrants Don’t Threaten Liberty
Standard economic analysis suggests that even large-scale immigration doesn't hurt native citizens economically. But couldn't the newcomers change the culture and political climate to hurt liberty? In his latest book, economist Ben Powell argues that this too is a baseless fear.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Ben Powell's book (co-authored with Alex Nowrasteh) Wretched Refuse?: The Political Economy of Immigration and Institutions.
* Ben Powell's earlier appearance on ep. 47.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Feb 24, 2021
Ep. 182 A Modest Proposal for Children in Libertarian Law
Bob explains his idea for the general legal principle under which children would constitute a particular case: Namely, treat the parent (or legal guardian) as a trustee acting upon behalf of the trustor, who is the future (adult) version of that child.
Mentioned in the Episode and Other Links of Interest:
* Rothbard's book Ethics of Liberty (free pdf).
* Walter Block et al. on children under libertarian law.
* Bruno Leoni's Freedom and the Law (various formats).
* Bob Murphy's lecture on private law.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Feb 18, 2021
Ep. 181 Could Gold Discoveries Cause the Austrian Boom-Bust Cycle?
In a 2019 article, Bob quoted Mises who believed that new gold discoveries, in principle, could cause a (small) boom-bust cycle if the gold hit the loan market before other sectors. Walter Block and Bill Barnett have responded in a new article, arguing that in a free market, new commodity money can't cause such distortions.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Bob's 2019 QJAE article, which Block & Barnett (2020) criticizes.
* Bob's blog post explaining why Block & Barnett (2020) misunderstands his argument in his 2019 QJAE paper.
* Bob Murphy Show ep. 67, in which Block and Barnett explained their problems with the Hayekian triangle.
* Rothbard's classic essays on utility & welfare economics and the legal treatment of air pollution.
* Block and Barnett's paper on the optimal quantity of money.
* One entry in Block and Barnett's debate over maturity mismatching; it contains references to the earlier volleys f…
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Feb 11, 2021
Ep. 180 After Further Review, It's Still Wrong for Adults to Sleep With Kids
On a recent episode of the Unregistered podcast, Thaddeus Russell interviews philosophy professor Stephen Kershnar on his controversial books. Bob strongly critiques their claims that (a) pro-life people ought to be killing abortionists and (b) adult/child sexual relationships can be healthy.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of Thaddeus' discussion with Kershnar.
* Thad's article in the Daily Beast defending Roman Polanski. The Wikipedia article about the Polanski sexual abuse case.
* Bob Murphy Show ep. 133 featuring Bob's debate with Thaddeus on postmodernism as a foundation for liberty.
* Bob Murphy Show ep. 138 "Why the Left Hates Christianity."
* A video on the evolution of "mumble rap." A mumble rapper's video glorifying the Illuminati.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Feb 7, 2021
Ep. 179 What Does the Bible Say About Taxation?
Nick Watts has a Master of Divinity degree from Queensland Theological College. He talks with Bob about his book, which argues that the Bible claims that taxation is tantamount to slavery. Interestingly, Nick went into his project as a conservative small government man and emerged as a Rothbardian who has no political ruler except Christ the King.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Nick Watts' website, Being Biblical. His book, Taxation Is Slavery: The Biblical Case for Libertarian Politics.
* BMS ep. 111, with Winston Ewert on Intelligent Design. BMS ep 106 on Intelligent Design.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jan 31, 2021
Ep. 178 Tom Woods and Bob Murphy Discuss the GameStop Shorting Controversy
Tom Woods invites Bob onto his podcast to discuss the coordinated actions of retail traders to implement a short squeeze on hedge funds, in the process causing GameStop stock to increase some 1,500%. Tom and Bob explain the basic economics involved and the political implications.
Mentioned in the Episode and Other Links of Interest:
* The Tom Woods Show.
* A Bloomberg article and an ARSTechnica article giving good summaries of the timeline.
* Bob's article on "The Social Function of Stock Speculators," and a 2008 article criticizing the government's forbidding of short-selling financial stocks.
* Chris Cillizza's CNN article blaming GameStop controversy on Trumpism.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jan 27, 2021
Ep. 177 Glenn Jacobs on Wrestling, Austrian Economics, and Political Office
Bob has a short but sweet conversation with Knox County Mayor Glenn Jacobs. They cover Glenn's career in wrestling, his discovery of Austrian economics, and what he's learned since entering politics.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Glenn Jacobs' Knox County mayoral page.
* Murray Rothbard's "What Has Government Done to Our Money?"
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jan 23, 2021
Ep. 176 A Framework for Analyzing Tech Censorship
Bob explains the legal and practical issues surrounding the purge of right-wing voices from social media sites. He makes a distinction between free speech and the 1st Amendment, and critically analyzes the typical "newsstand / publisher" analogy for Section 230.
Mentioned in the Episode and Other Links of Interest:
* EFF article on Section 230 and why the platform/publisher distinction is a red herring.
* Encyclopedia Brittanica entry on the First Amendment.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jan 17, 2021
Ep. 175 David Andolfatto Defends the Fed
Ron Paul used the fall in purchasing power since the founding of the Fed to argue that the central bank had hurt regular Americans. Fed economist David Andolfatto disagrees, but Bob pushes back.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* David Andolfatto critiques Ron Paul's argument against the Fed.
* Bob's rebuttal to Andolfatto.
* "Has the Fed Been a Failure?" by White et al.
* Bob's forthcoming book on Understanding Money Mechanics.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jan 11, 2021
Ep. 174 Double Standards on the Capitol Storming and Explaining the Viking Guy
Bob offers his thoughts on the double standards in the media and pundit treatment of the Jan. 6 Capitol events. He also explains the seemingly crazy allegations from the protestor who was dressed as a Viking.
Mentioned in the Episode and Other Links of Interest:
* The Federalist article on leftist hypocrisy regarding violent protests.
* Story on activists flooding Capitol during Kavanaugh hearings.
* Bob's (controversial) tweet about why Jan. 6 was tragic.
* Story on the Black Panthers storming the CA state Capitol.
* Video of the QAnon Shaman (i.e. Viking guy).
* Is our money based on debt?
* History channel story about underground government bunkers.
* The NYT story on Navy pilots seeing unexplained aerial phenomena (UAP).
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jan 8, 2021
Ep. 173 Alastair Roberts on Scapegoating in the Work of Rene Girard
Alastair Roberts works for the Biblically-grounded Theopolis and Davenant Institutes. He talks with Bob about the work of Rene Girard on scapegoating, and his forthcoming Bible commentary.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Alastair Roberts' YouTube channel and Soundcloud link to his podcast.
* The Theopolis and Davenant Institutes.
* BMS ep. 15 with David Gornoski.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jan 5, 2021
Ep. 172 How Much Oil Should Humanity Use This Year?
Harold Hotelling in 1931 wrote the pioneering article "The Economics of Exhaustible Resources" that described the equilibrium prices over time for a finite resource such as oil or coal. Bob explains the answer and how it matches with the Austrian view of time preference.
Mentioned in the Episode and Other Links of Interest:
* Bob's EconLib article on the market trajectory of oil consumption and prices.
* Harold Hotelling's pioneering 1931 article on "The Economics of Exhaustible Resources" (pdf).
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Dec 29, 2020
Ep. 171 Mahyar Tousi on the Classical Liberal Case for Brexit
Mahyar Tousi has a popular show out of the UK who has been intimately involved in making the case for Brexit, coming from a classical liberal free trade perspective.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Mahyar Tousi's YouTube channel.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Dec 23, 2020
Ep. 170 Bob Murphy Dissects the "Shopping Cart Theory" Allegedly Blowing Up the Case for Self-Governance
Recently Tim Poole alluded to the so-called "shopping cart theory" of why self-governance is impossible. Specifically, because people can't even bother to take back the shopping cart when this is clearly the socially right thing to do, we can't hope to have a system relying on everyone's good nature. Bob explains what's wrong with this argument.
Mentioned in the Episode and Other Links of Interest:
* The blog post for the "Adventures in Pacifism: Louis CK edition" contest.
* Ben Powell on Somalia.
* Bob's book Chaos Theory, his article on libertarian law and military defense, his lecture on the market for security, and his lecture on military defense.
* The Federalist No. 51.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Dec 20, 2020
Ep. 169 Mario Rizzo on His History with the Austrian School and the Economics of Time & Ignorance
Mario Rizzo is a professor in the Department of Economics at NYU--where he was Bob's dissertation chair. He talks about how he found the Austrian School and his own contributions to economics.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Mario Rizzo's homepage.
* Mario's books The Economics of Time and Ignorance (with Gerald O'Driscoll) and Escaping Paternalism. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Jeff Deist and Bob Murphy discuss Henry Hazlitt on BMS ep. 160.
* Paul Davidson's review of The Economics of Time & Ignorance.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Dec 15, 2020
Ep. 168 Bob Murphy Responds to Dave Ramsey Calling IBC a Scam
Personal finance guru Dave Ramsey recently called IBC a scam on his popular show. Ramsey alleged that the dividends received from a mutual life insurance company were just deliberate overcharges to make the customer think he was earning a profit, even though it all came out of the customer's own pocket. Bob sets the record straight.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this episode (recommended!).
* The YouTube video where Dave Ramsey calls IBC a "scam."
* An Investopedia article explaining the history of cash-value life insurance and the Modified Endowment Contract (MEC) tax rules.
* Someone else's YouTube video showcasing Dave's dismissal of Peter Schiff as an "idiot" and "kook."
* The "Foundations of IBC" video series, put out by the Nelson Nash Institute.
* The Case for IBC (authored by Nelson Nash, Carlos Lara, and Bob Murphy).
* A listing of graduates of the IBC Practitioner Course.
* Help support the Bob Murphy Show.…
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Dec 4, 2020
Ep. 167 Gad Saad on Mind Viruses, and the Evolutionary Explanation for SJWs
Gad Saad is Professor of Marketing and holds the Concordia University Research Chair in Evolutionary Behavioral Sciences and Darwinian Consumption. He talks with Bob about his new book, The Parasitic Mind, and its relationship to the culture wars.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Gad Saad's website.
* Saad's books The Parasitic Mind and The Evolutionary Basis of Consumption. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Gavin de Becker's The Gift of Fear. #CommissionsEarned
* The famous honey badger video (NSFW).
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Nov 27, 2020
Ep. 166 Explaining Kenneth Arrow's Impossibility Theorem for Social Choice
First Bob explains his contest involving Adventures in Pacifism--winner gets 100 smackers. Then he explains the incredibly powerful, and surprisingly Austrian, result by which Kenneth Arrow showed it was impossible to coherently aggregate individual preferences into a social ranking.
Mentioned in the Episode and Other Links of Interest:
* The blog post explaining the rules for the contest, Adventures in Pacifism: Louie CK Edition.
* Bob's link for those interested in joining Liberty Classroom. (If you use this link, the site will remember who sent you if you end up joining.)
* Bob's mises.org's article explaining Arrow's Theorem in the context of the 2020 election.
* The Bob Murphy Show ep. 7, explaining Godel's Incompleteness Theorems.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Nov 23, 2020
Ep. 165 Dan McCarthy Trusts the People More Than the Elites
Dan McCarthy, Editor at Large of The American Conservative, joins Bob to discuss his view that conservatives and libertarians should stop heaping contempt on democracy. McCarthy argues that the elites are the real threat to liberty, not the masses.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* The homepages for Modern Age and The American Conservative.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Nov 17, 2020
Ep. 164 Analyzing Arguments for Mask Mandates
Bob explains a problem with arguments against mask mandates that claim vindication whether new case loads are very low or very high. He then points out that Biden's own expert on covid-19 was skeptical of mask mandates in a June 2020 podcast episode.
Mentioned in the Episode and Other Links of Interest:
* Michael Osterholm's CIDRAP episode. His March 2020 appearance on Joe Rogan.
* Bob's article on funny defenses of the Efficient Market Hypothesis (EMH).
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Nov 16, 2020
Ep. 163 Bob Murphy Talks Faith and Economics on the "More Christ" Podcast
Bob was recently on Mark Connolly's "More Christ" podcast, out of Dublin. Bob fields questions about his faith, economics, and anarcho-capitalism.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* The "More Christ" podcast.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Nov 12, 2020
Ep. 162 The NPR Thought Police and Bob’s Dispelling of One Particular Vote Fraud Claim
Bob laments the media's thought policing of discussion about voter fraud. However, Bob tests one particular claim alleging a "signature" of fraud and finds no smoking gun.
Mentioned in the Episode and Other Links of Interest:
* The Washington Post map that Bob used to derive total votes by state for senator.
* Bob Murphy Show ep. 92 on FBI spying on the Trump campaign.
* Bob's analysis of the IPCC reports showing that there is no "existential threat" to humanity from climate change.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Nov 7, 2020
Ep. 161 Steve Landsburg and Bob Murphy on Whether God or Math Is the Answer to Why
In a very philosophical episode, University of Rochester economist Steve Landsburg makes his pitch that mathematics is the reason there is something rather than nothing. Bob argues that this approach lacks one critical component: God.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Steve Landsburg's presentation, "Why Is There Something Instead of Nothing?"
* Steve Landsburg's books The Armchair Economist and Can You Outsmart an Economist? #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Steve's website.
* Steve's recent book for the Fraser Institute, The Essential Milton Friedman.
* Steve's original appearance on the Bob Murphy Show ep. 6.
* Bob explains Godel's Incompleteness Theorems on BMS ep. 7.
* The Tom Woods Show episode on one of Aquinas' arguments for the existence of God.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth M…
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Nov 3, 2020
Ep. 160 Jeff Deist on the Character and Contributions of Henry Hazlitt
Mises Institute President Jeff Deist discusses the voluminous output of Henry Hazlitt as well as his role in helping Ludwig von Mises when he first came to the US. Jeff also explains the Institute's give-away offer for Hazlitt's classic work, Economics In One Lesson.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* The link for the Mises Institute's Hazlitt giveaway.
* Jeff Deist's original appearance on BMS ep. 4.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Oct 31, 2020
Ep. 159 Gregory Gordon on Left vs. Right Libertarianism
Gregory Gordon joins Bob to discuss his recent Mises,org article on the Left vs. the Right and how it relates to libertarianism.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Greg Gordon's Mises.org article on the left -right divide in libertarianism.
* Paul Gottfried on the Tom Woods Show.
* Rob Bradley on ep. 77 of the Bob Murphy Show.
* Jordan Peterson on hierarchies.
* Adrian Lee Oliver on ep. 135 of the Bob Murphy Show.
* The 2d political spectrum.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Oct 27, 2020
Ep. 158 A Geometric Analogy to Reconcile Paul and James on the Doctrine of Salvation Through Faith and Works
Building on his discussion in episode 146, Bob uses an analogy with squares and rectangles to reconcile the Biblical epistles of Paul and James and their treatment of faith and works.
Mentioned in the Episode and Other Links of Interest:
* BMS ep. 146, stating and defending the Protestant doctrine of salvation through faith alone.
* Bob's debate with David Friedman on method in economics.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Oct 23, 2020
Ep. 157 Peter Schiff on the Coming Crash, Minarchism vs. An-Cap, and Going Ex Pat
Peter Schiff famously called the housing crash but thinks the real crash is still on the way. He talks with Bob about his background in the financial sector, and why the networks no longer book him for interviews. They also discuss minarchism vs. anarcho-capitalism, and Peter's decision to move to Puerto Rico.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* The website for Peter's books. Peter's books Crash Proof and The Real Crash. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* The YouTube compilation, "Peter Schiff Was Right." Peter's YouTube channel.
* The Peter Schiff Show.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Oct 20, 2020
Ep. 156 Econtradictions: Bob Discusses Free Trade, Welfare Benefits, Price Gouging, and Utility Theory
Bob unveils a new series in which he explains and then evaluates apparent contradictions in the way free-market libertarians handle certain issues.
Mentioned in the Episode and Other Links of Interest:
* Bastiat's "Petition of the Candlemakers"
* Bob's article on price gouging.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Oct 18, 2020
Ep. 155 Chris Coyne on How American Militarism Abroad Leads to Tyranny at Home
GMU economics professor Chris Coyne explains how US militarism abroad ends up violating civil liberties on the home front. They also discuss the contributions of James Buchanan that should interest Austrian economists.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Chris Coyne's webpage and his book Tyranny Comes Home. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* The LSE essays on cost (edited by Buchanan).
* Tom DiLorenzo article on Public Choice.
* Rothbard's essay on reconstructing utility and welfare economics, his reply to Schuller on praxeology, and his essay on Progressivism and WW1.
* Bob's booklet on market anarchy and essay on private defense.
* Bob Murphy Show ep. 102 on the Grievance Studies hoax.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Oct 15, 2020
Ep. 154 Bob Murphy Analyzes “The Hunt” and “The Purge” Movies as an Anarchist
Bob offers his commentary on the movies "The Hunt" and "The Purge"--both produced by Blumhouse Productions--and focuses on whether The Purge storyline offers a challenge to Rothbard's depiction of anarcho-capitalism.
Mentioned in the Episode and Other Links of Interest:
* A National Review article arguing Donald Trump botched his reaction to "Red State, Blue State."
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Oct 10, 2020
Ep. 153 Mark Brennan on Wall Street Corruption, US Imperialism, and Friedman's Rule for Corporate Philanthropy
Mark Brennan has had an interesting career, working on Wall Street and seeing the coming housing bust and then getting his PhD to become a college professor on business ethics.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Mark Brennan's NYU page.
* Bob's book (co-authored with Doug McGuff) The Primal Prescription. #CommissionsEarned. (As an Amazon Associate I earn from qualifying purchases.)
* Friedman on corporate philanthropy.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Oct 6, 2020
Ep. 152 The Coming Darkness and Renaissance
Bob lays out the grim news: there is a coming age of darkness, with economic and political turmoil that leads to large-scale violence. Yet he also explains that after the chaos, out of the rubble will emerge a new class of artists, poets, and creators who will constitute the new renaissance.
Mentioned in the Episode and Other Links of Interest:
* The cringeworthy Jimmy Kimmel Emmy skit.
* Information (including the wolf-in-sheep's-clothing coat of arms) about the Fabian Society.
* Mish says Fed owns almost 1/3 of mortgages.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Oct 2, 2020
Ep. 151 David Ramsay Steele on Socialist Calculation, Mental Illness, and the JFK Assassination
Libertarian writer David Ramsay Steele joins Bob for a fun tour of some essays from his collection, *The Mystery of Fascism*.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* David Ramsay Steele's books The Mystery of Fascism and From Marx to Mises. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Bryan Caplan's article endorsing the Thomas Szasz approach to mental illness.
* Comedian Bill Hicks on the JFK assassination.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Sep 29, 2020
Ep. 150 Explaining the Plan to Dismantle Schools and the Fed's Alchemy
Bob reads from an article recently tweeted out by the NEA, which calls for an end to schooling as we know it in order to promote anti-racism. He then discusses what the Fed has been up to since the coronavirus panic began.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this episode (with lots of visuals).
* Karlyn Borysenko's YouTube episode on the NEA tweet.
* Jamilah Pitts' article on school transformation.
* Fed article talking about dividend payments to member banks.
* Total assets of the Federal Reserve System.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Sep 26, 2020
Ep. 149 George Selgin Critiques MMT and Debates Murphy on Free Banking
Monetary economist George Selgin agrees with Bob on the flaws with MMT, but then the two continue their debate (started at the Soho Forum) on fractional reserve free banking. The episode also includes George's background and thoughts on Bitcoin.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* George's monograph Praxeology and Understanding.
* Mises' book Theory and History.
* Bob's review of MMT.
* George and Bob debate at the Soho Forum.
* George's article (co-authored with Larry White) defending fractional reserve free banking. Bob's recent QJAE contribution to the debate.
* George's articles at Alt-M on Canadian free banking, and 3 devoted to Scotland: one, two, and three.
* George's interview on crytopcurrency.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Sep 23, 2020
Ep. 148 Donnie Gebert on The Art of War, 2020
Former Military Intelligence Sergeant Donnie Gebert returns to the show, this time to explain some of the major elements of his new book, *The Art of War 2020.* Gebert draws on his eclectic background to give techniques for navigating the modern world.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Donnie Gebert's The Art of War, 2020 (pdf).
* Donnie's original appearance on BMS ep 42.
* Daily Show bit on Ron Paul.
* SNL bit poking fun at Ross Perot.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Sep 18, 2020
Ep. 147 Richard Ebeling Fills in the History of the Austrian School
Richard Ebeling is the BB&T Distinguished Professor of Ethics and Free Enterprise Leadership at The Citadel. (He was also a professor at Hillsdale College, where he taught Bob Murphy.) As a master of the history of economic thought, as well as a personal participant in some of the major events, Richard recounts to Bob some of the important history of the Austrian School in the 20th century.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Richard Ebeling's AIER essay on Krugman.
* Richard's interview with G.L.S. Shackle.
* Richard's book For a New Liberalism. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Sep 15, 2020
Ep. 146 Stating and Defending the Reformed Protestant Doctrine of Salvation Through Faith Alone
Bob uses both Bible texts and intuitive arguments to state and explain the controversial Reformed Protestant doctrine that a person is saved not through good works, but by believing in Jesus.
Mentioned in the Episode and Other Links of Interest:
* A compilation of verses on the topic of justification by faith alone.
* The various Bible chapters Bob referenced: John chapter 3, John chapter 6, and James chapter 2.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Sep 13, 2020
Ep. 145 Michael Rectenwald on Recovering from Marxism and His New Book *Beyond Woke*
Dr. Michael Rectenwald was a professor of liberal studies at NYU from 2008 to 2019. Although at one point he was a committed Marxist, he gradually lost faith, and is now an outspoken critic of campus activists. Bob asks Rectenwald about apparent contradictions in the current cultural Marxist / postmodern movement, and they discuss several themes from his new book, *Beyond Woke*.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Michael Rectenwald's website.
* Michael Rectenwald's books Beyond Woke and Springtime for Snowflakes. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Michael's lecture on postmodernism at the Mises Institute.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Sep 9, 2020
Ep. 144 Bob Murphy Fields Questions on Austrian Economics and Libertarianism
For the LP Mises Caucus, Bob received a slew of questions to be answered in a half hour. The topics range from business cycle to free trade to a "voluntary" State.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this episode.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Sep 4, 2020
Ep. 143 Eric July on Making Music, Debating Socialists, and Reading Comics
Eric July is the front man for the street-hop/metalcore group Backwordz. He discusses his personal odyssey in navigating the leftist metal scene. Bob then asks Eric about another of his major interests, comic books.
Mentioned in the Episode and Other Links of Interest:
* Eric July's homepage.
* The website for Backwordz.
* Eric's YouTube review of Captain Marvel.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Aug 30, 2020
Ep. 142 Explaining John Nash’s Dissertation and Why Russell Crowe Got It Backwards
In the Ron Howard movie "A Beautiful Mind," Russell Crowe plays John Nash, a major figure in game theory. Although it was a good movie, it totally misconstrues Nash's doctoral dissertation and how it fit into the pre-existing literature. In this episode, Bob sets the record straight.
Mentioned in the Episode and Other Links of Interest:
* John Nash's doctoral dissertation.
* Bob's link for Liberty Classroom. (If you click this link and then register, the site will know you came from me.)
* Sylvia Nasar's book that inspired the Ron Howard movie about Nash. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* A good explanation of the Allais Paradox (which shows limits of expected utility theory).
* Bob Murphy Show ep. 96, which starts with critique of use of game theory.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Aug 27, 2020
Ep. 141 Dan Sanchez on How to Make Superman Movies Great Again
DC execs think Superman is "too perfect" to resonate with modern audiences, but Dan Sanchez profoundly disagrees. He and Bob discuss this issue and other topics in the intersection of politics & superhero movies.
Mentioned in the Episode and Other Links of Interest:
* Dan Sanchez's FEE article.
* Bob's previous interview with Dan on the Joker.
* The Captain America clip.
* Bob's article Superman Needs an Agent.
* Jordan Peterson on Cain and Abel.
* Some Supes clips mentioned: one, two, three, and four.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Aug 20, 2020
Ep. 140 The Theory and Brief History of the U.S. Gold Standard
Bob explains some of the highlights of his newly released chapter for the Mises Institute book on "Understanding Money Mechanics." He explains the operation of the classical gold standard, as well as some of the issues of U.S. bimetallism during the 1800s.
Mentioned in the Episode and Other Links of Interest:
* Bob's new essay on the gold standard.
* Bob's book on capitalism. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Bob on the 1920-1921 Depression.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Aug 16, 2020
Ep. 139 George Reisman on Studying With Mises, Meeting Ayn Rand, and His Contributions to Economic Theory
George Reisman is economics professor emeritus at Pepperdine University. He is one of the few people to get his PhD under Mises. After sharing anecdotes about Mises and Rand, he discusses his contributions to economic theory. In particular, George argues that profits, not wages, are the original form of income.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* George Reisman's website and Capitalism.net, and his Twitter account.
* Reisman's book Capitalism. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Reisman's Notes on his translation of Bohm-Bawerk on value theory.
* Reisman on James Mill and Say's Law.
* Israel Kirzner's review of Capitalism.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Aug 13, 2020
Ep. 138 Why the Left Hates Christianity
Bob first observes that the Left (institutionally) hates Christianity, and that standard explanations, such as its alleged bigotry, don't explain why the Left gives Islam a pass. Christianity stands in the way of the Leftist agenda. Moreover, if the Devil exists, he would favor not just the "false religion" of environmentalism and Marxism, but also postmodernism, for Jesus is the Logos. Ultimately, the gospel reconciles God and man, which is not what the Devil wants.
Mentioned in the Episode and Other Links of Interest:
* An example of James Lindsay arguing about 2+2=5 on Twitter.
* A Mises University presentation on Antonio Gramsci.
* The Snopes article "debunking" claim that Saul Alinsky dedicated his book to Lucifer.
* Wikipedia entry on "Logos" in Christology context.
* RC Sproul on "Logos."
* John Piper on the opening of the gospel of John.
* Bob's debate (ep. 133) with Thaddeus Russell on postmodernism as a foundation for liberty.
* Help support the Bob Murphy…
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Aug 10, 2020
Ep. 137 Tom DiLorenzo Explains the Problem With Abe Lincoln
Tom DiLorenzo is a Senior Fellow with the Mises Institute who has written several books critical of Lincoln. His latest is "The Problem With Lincoln." Bob asks Tom about his early career in economics, and then they discuss the various ways in which Abe Lincoln was actually a horrible president.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Tom DiLorenzo's books The Problem With Lincoln and The Real Lincoln, and with Jim Bennett The Food and Drink Police. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* BMS ep. 71 with Mark Thornton, and ep. 81 with Jeffrey Rogers Hummel, both on the economics of slavery.
* Tom's 1982 article (with Jim Bennett) in the American Economic Review.
* Rothbard on "just war" theory.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Aug 7, 2020
Ep. 136 MMT Follow-up: A Framework for Money, Inflation, and Debt
As a follow-up to his discussion on MMT with Rohan Grey (in ep. 130), Bob goes solo to explain the basic cash balance framework for thinking about money, inflation, and debt. Specifically, Bob will explain why he thinks it's far more important to know how the government finances a deficit rather than knowing what it spends the money on.
Mentioned in the Episode and Other Links of Interest:
* BMS ep. 130 with Rohan Grey.
* Bob's infamous inflation bet: response to Krugman/DeLong and his explanation years later for reason.com.
* Rothbard's critique of the "equation of exchange," MV=PQ.
* Bob’s QJAE article on the economics of fractional reserve banking.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Aug 4, 2020
Ep. 135 Adrian Lee Oliver on Police Abuse and the Pros & Cons of BLM
Adrian Lee Oliver wrote a Twitter thread on the BLM protests and how they are contributing to racial polarization. The thread took off, leading to Adrian's appearance on Benjamin Boyce's podcast. Bob wanted his own listeners to hear Adrian's personal story of police brutality along with his critique of today's "anti-racism" campaign.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Adrian Lee Oliver's original Twitter thread that brought him attention.
* Adrian's appearance on Benjamin Boyce's podcast.
* Bob's debate on postmodernism with Thaddeus Russell.
* Helen Pluckrose and James Lindsay on Thaddeus' podcast.
* Academic literature on "implicit bias." An article showing the concept in today's usage.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jul 30, 2020
Ep. 134 David Friedman on Physics, Coase, Anarcho-Capitalism, and Cancel Culture
David Friedman is one of the pioneering theorists of anarcho-capitalism, as laid out in his book The Machinery of Freedom. In this free-wheeling discussion, he discusses physics versus economics, the work of Ronald Coase, his dad's view of anarchism, and what happened to the SlateStarCodex site.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* David Friedman's homepage.
* David's book The Machinery of Freedom. Heinlein's classic The Moon Is a Harsh Mistress. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* David debates Bob at Porcfest on Austrian vs. Chicago School methodology in economics.
* One of Walter Block's essays on hanging from an apartment flagpole.
* The website SlateStarCodex. The post Bob mentioned, "You Are Still Crying Wolf," which defended Trump from accusations of racism.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth…
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Jul 27, 2020
Ep. 133 Bob Murphy Debates Thaddeus Russell on Postmodernism as Foundation for Liberty
Thaddeus Russell, creator of Renegade University, has been arguing that libertarians should embrace postmodernism as their philosophical foundation, rather than blame it for today's "social justice warriors" as Jordan Peterson has done. Bob profoundly disagrees, arguing that the Judeo-Christian notions of truth and morality are a much better foundation.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* The homepage for Thaddeus Russell and YouTube account of his Unregistered podcast.
* Thaddeus' book A Renegade History of the United States. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Thaddeus' SoHo Forum debate against Stephen Hicks.
* The full clip on college students and identity, and Thad arguing gender identity with Joe Rogan.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jul 25, 2020
Ep. 132 Scott Beyer Shows How Free Markets Can Revitalize Our Cities
Scott Beyer is the author of the Market Urbanism Report, which applies free market economic principles to urban issues, such as traffic congestion and housing affordability. Bob asks about these topics while bringing up obvious objections from the man on the street.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* The Market Urbanism Report website and the Facebook group.
* Jane Jacobs' classic book, The Death and Life of Great American Cities. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Bob’s book The Politically Incorrect Guide to Capitalism. #CommissionsEarned
* Walter Block's book on roads. #CommissionsEarned
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jul 20, 2020
Ep. 131 Brett Venoitte on the Prussian Roots of US Education and Assessing Experts on the Coronavirus
Brett Venoitte is host of the School Sucks podcast. After explaining his background in education, Brett explains how Horace Mann drew from authoritarian Prussian in designing public education in the US. He and Bob then discuss the competing experts in the debate over the coronavirus.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* The School Sucks Project website.
* Brett's video "The American Way" on US education and Nazi Germany.
* The Harper's Open Letter on cancel culture that caused such controversy.
* Bob's undergrad essay for FEE on the roots of the US public school system.
* Bob's Porcfest routine which featured impressions, including one of Wheels Off Liberty.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jul 17, 2020
Ep. 130 Rohan Grey Does a Deep Dive on Legality and Theory of MMT and Trillion Dollar Platinum Coin
In a very comprehensive discussion, Bob talks with Rohan Grey, Assistant Prof. of Law at Willamette University. Rohan is an expert on the history of US fiscal and monetary legislation, as well as Modern Monetary Theory (MMT).
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Rohan Grey's CV, and his paper on the history of US coinage.
* Rohan's presentation on money as a creature of the law, not the State.
* Jon Stewart rips Paul Krugman on the trillion dollar platinum coin.
* Bob’s original book review at Mises.org of Stephanie Kelton's book on MMT. George Selgin's response, which in turn prompted this post from Nathan Tankus.
* Kelton’s book, The Deficit Myth. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Bob’s older critique of an MMT accounting argument.
* Bob Murphy Show ep. 18, interview with Warren Mosler.
* Bob's critique of fractional reserve banking.
* Bob on Bob…
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Jul 9, 2020
Ep. 129 Identity Politics Is Hurting Young People--Of All Colors
Pointing to a recent Twitter thread from a progressive detailing his white male cisness, Bob shows how narrow the focus is on only particular "privileges" and not others. More generally, the effort to demonize white men is causing young people great harm, whether white or otherwise. The movement is based on power politics and relies on economic ignorance.
Mentioned in the Episode and Other Links of Interest:
* Nathan Tankus' twitter thread on his privileges.
* News story on US national women's soccer team losing to U15 boys.
* Bob Murphy Show episodes covering the economics of slavery: 71 with Mark Thornton and 81 with Jeffrey Rogers Hummel.
* Walter Block's paper on reparations for slavery.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jul 8, 2020
Ep. 128 Bob Murphy Reviews Stephanie Kelton's New Book on MMT
Bob wrote a lengthy review of Stephanie Kelton's new book on MMT, The Deficit Myth, for the Mises Institute. In this episode he narrates his review.
Mentioned in the Episode and Other Links of Interest:
* Bob's original book review at Mises.org.
* Kelton's book, The Deficit Myth. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Bob's older critique of an MMT accounting argument.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jul 5, 2020
Ep. 127 Michael Hardin on Sacrifice vs. the Gospel of Peace
Michael Hardin is a theologian with a radical message of Jesus' forgiveness and peace. He and Bob have a lively and deep discussion on the true meaning of the gospel and how today's Christians often misunderstand it.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Michael Hardin's website Preaching Peace.
* Michael Hardin's book Knowing God?: Consumer Christianity and the Gospel of Jesus.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jul 2, 2020
Ep. 126 Keith Knight Interviews Bob on Krugman's Zombie Book
Keith Knight walks Bob through a meticulous critique of Krugman's new book on Arguing With Zombies. Topics include the babysitter co-op, the deregulation that allegedly caused the housing bubble, and the tax rates of the 1950s.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Krugman's latest book, Arguing With Zombies. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Keith Knight's YouTube channel.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jun 25, 2020
Ep. 125 Mateusz Machaj on the Structure of Production in Economic Theory, and the Political Philosophy of the Star Wars Prequels
Austrian economist and Mises Institute Fellow Mateusz Machaj discusses two of his books. The first is a technical work explaining how the Austrian structure of production concept can help resolve puzzles in economics. Machaj's second book analyzes the political philosophy behind the Star Wars prequels. This episode contains deep insights that will inform even advanced students of both economic theory and the Star Wars universe.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview: Part 1 on structure of production and Part 2 on Star Wars.
* Matt's book on capital theory and his book on Star Wars. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Bob’s referee reports from Paul Samuelson.
* Bob's article explaining "reswitching."
* Krugman on potential GDP flip-flop.
* Mace Windu, vigilante.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podswort…
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Jun 18, 2020
Ep. 124 The Right Way to Defund the Police, and an Eyewitness Account of the Capitol Hill Autonomous Zone (CHAZ)
Bob first discusses the theory of transferring police services away from the government and to the private community. Then he interviews Whitney Davis, a Rothbardian with a history of libertarian activism, who is a Seattle resident and happens to live down the street from the Capitol Hill Autonomous Zone (CHAZ).
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Bob's booklet Chaos Theory: Two Essays on Market Anarchy.
* Bob's lecture on private law and defense.
* Ben Powell essay on Somalia.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jun 12, 2020
Ep. 123 Faulty Economic Justifications for the Coronavirus Lockdowns
Bob explains some of the basic--but crucial--errors in the cost/benefit analyses that have been offered by economists to justify the political lockdowns issued in light of the coronavirus. Specifically, economists have conflated voluntary physical distancing with coerced lockdowns, and they are also misusing the concept of a Value of a Statistical Life (VSL).
Mentioned in the Episode and Other Links of Interest:
* Some papers/articles on the Value of a Statistical Life (VSL) concept: one, two, and three. Paul Krugman's column using VSL to justify lockdowns.
* David R. Henderson's critique of Zingales.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jun 2, 2020
Ep. 122 Alex Salter on the Empty Slogan of “State Capacity” and the Famous Somalia Challenge
Alex Salter is an economist with the Free Market Institute at Texas Tech University. Bob asks him about his recent article (with Vincent Geloso) criticizing "state capacity" as an explanation for economic development. Along the way, they also discuss the historical record and its challenge to modern-day anarchists.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Alex Salter's website and his twitter account.
* Alex and Vincent Geloso's article on State Capacity.
* Ben Powell et al. on Somalia after state collapse.
* Two of Alex's recent articles on the Fed: one and two.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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May 25, 2020
Ep. 121 The Tenth Amendment Center's Michael Boldin on Hanging Out with 2 Live Crew and Sticking it to the NSA
Libertarians know Michael Boldin as the founder of the Tenth Amendment Center, but he started out as a leftist promoting clubs in LA and other major cities. In this fun conversation, Michael explains his origins and how he ended up advising state governments on how to kick the NSA out of their backyard.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* The Tenth Amendment Center homepage.
* The Tenth Amendment Center's report on the State of the Nullification Movement.
* Bob's promotional video, "Stoke the Fear."
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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May 21, 2020
Ep. 120 The Guys Behind the Babylon Bee Interview Bob on the Fed, Krugman, and Jesus
The editors of the Babylon Bee have a podcast, and they invited Bob on to discuss the economic situation. Then they asked a series of fun questions, against the backdrop of their shared Christianity.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* The Babylon Bee main page.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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May 13, 2020
Ep. 119 Guido Hulsmann Protests the Lockdown in France, and Discusses His Mises Biography and Novel Theory of Interest
Guido Hulsmann is a Senior Fellow with the Mises Institute and professor of economics at the University of Angers in France. He first discusses his article protesting the covid-19 lockdown in France. The conversation then turns to Guido's biography of Ludwig von Mises. The final segment of the episode is devoted to Guido's novel theory of interest, which rejects the standard pure time preference theory.
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* Guido Hulsmann's CV.
* Guido's essay, "A Protest from France."
* Guido's 2002 QJAE article, "A Theory of Interest."
* Guido's biography of Mises: The Last Knight of Liberalism.
* The time Batman saved the Mises files from the Nazis (really).
* Bob's 3-part series on interest theory in the Austrian tradition.
* Sample issues of the Lara-Murphy Report.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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May 7, 2020
Ep. 118 David R. Henderson Critiques Stimulus Bill and Organizes Protest of CA Lockdown
Mentioned in the Episode and Other Links of Interest:
* The YouTube version of this interview.
* David R. Henderson's Hoover article on the "anti-stimulus" bill.
* David's past appearance on the Bob Murphy Show.
* David's Soho Forum debate (against Justin Wolfers) on the lockdown.
* A news article on the protest David helped organize.
* Sample issues of the Lara-Murphy Report.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Apr 28, 2020
Ep. 117 Refuting Some Economics Fallacies Related to the Corona Crisis
Bob tackles some Keynesian / MMT fallacies that have resurfaced in light of the response to the coronavirus. In particular, he responds to Larry Summers who viewed the lockdown as being akin to workers staying home over the weekend, and then to Neil Irwin on Twitter, who approvingly retweeted a thread arguing that it was mathematically *impossible* for state governments to have saved ahead of time in preparation.
Mentioned in the Episode and Other Links of Interest:
* Bob's article, "Why the Current Unemployment Is Worse than the Great Depression."
* Neil Irwin's tweet, praising the tweet thread from former Fed research assistant Amarnath, who claimed that it is literally impossible for us all to save more.
* Previous articles from Bob showing what's wrong with the "paradox of thrift" and with the MMT argument that net private savings = government deficits. Also, an article from Bob showing why the community can save more on net.
* Sample issues of the Lara-Murphy Report.
*…
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Apr 16, 2020
Ep. 116 Libertarian NYC Doctor Explains the Physiology of the Coronavirus
Levi Machado is a Brazilian pathologist who trained and now works in the NYC hospital network. As a fan of libertarian writers, Levi recognizes the problems with coercive "solutions" to a pandemic. However, Levi explains in the discussion what COVID-19 actually can do to the body, and why it's not really comparable to the flu. The conversation wraps up with tips on staying healthy.
Mentioned in the Episode and Other Links of Interest:
* Examples of how Dr. Fauci and the progressive media initially DOWNPLAYED the threat of the coronavirus: one, two, and three.
* An article claiming that NYC-area deaths from ALL causes, in the 30 days prior to April 4, 2020, was double the normal amount.
* A NEJM article on the benefits of intermittent fasting (recommended by Dr. Machado).
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Apr 5, 2020
Ep. 115 Understanding the Coronavirus Alarm and Practical Steps to Weather the Storm
Bob urges skeptics not to dismiss the panic over the coronavirus as merely due to anti-Trump fear-mongering. Although government coercion is not justified, the underlying health crisis is very real. Bob also explains the economics of the toilet paper shortage, and gives practical tips he is using to try to keep his own household safe.
Mentioned in the Episode and Other Links of Interest:
* Bob and Carlos Lara's 2016 video, "How to Weather the Coming Financial Storms." Their book (with Nelson Nash), The Case for IBC.
* A great summary of the academic literature on whether face masks prevent the spread of the coronavirus.
* The blog post from a NYC nurse.
* Interview with Paul Romer, in which he explains the shortages.
* The January 2018 Time article on the flu wave hitting hospitals.
* How long the novel coronavirus survives on various surfaces.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Apr 5, 2020
Ep. 114 Dave Smith Interviews Bob Murphy on Stimulus and Dropping the Hammer
The hilarious stand-up comic and Rothbardian Dave Smith invites Bob onto his show, "Part of the Problem," to talk about the government's response to the coronavirus.
Mentioned in the Episode and Other Links of Interest:
* Dave Smith's YouTube version of this interview.
* A great summary of the academic literature on whether face masks prevent the spread of the coronavirus.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Mar 28, 2020
Ep. 113 Oren Cass and the Conservative Critique of Pure Laissez-Faire
Oren Cass is the executive director of American Compass, a conservative think tank that stresses the importance of family and domestic industry, in opposition to a singleminded devotion to economic efficiency. Cass was previously a senior fellow at the Manhattan Institute for Policy Research, and was the domestic policy director for Mitt Romney's 2012 presidential campaign. Bob and Oren have a friendly discussion about their disagreements on economic policy.
Mentioned in the Episode and Other Links of Interest:
* Oren Cass' bio. The website for American Compass.
* An article summarizing the "broken windows" approach to policing.
* Two of Oren's essays critiquing the libertarian case for free trade, at Law & Liberty and at American Mind.
* The National Review article on "The Return of Conservative Economics."
* Oren's appearance on Contra Krugman ep. 76, in which he explained the problems with claims that repealing ObamaCare would kill huge numbers.
* Bob's 3-part serie…
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Mar 24, 2020
Ep. 112 Commentary on the Politics and Economics of the Coronavirus Response
Bob comments on various aspects of the response to the coronavirus. Although many libertarians are accusing the authorities of exaggerating the threat, it would also be a "libertarian take" to accuse them of downplaying the threat early on, misleading the public on how to stay safe. Bob also tries to clarify thinking about the Fed's repo bailouts and the outrage over hand sanitizer price gouging.
Mentioned in the Episode and Other Links of Interest:
* U. of Minnesota's Michael Osterholm (head of Center for Infectious Disease Research and Policy) on CNBCs "Squawk Box" on Mar. 17, explaining what Americans should expect.
* Osterholm's Mar. 10 appearance on the Joe Rogan Experience.
* Bob on the Tom Woods Show on Mar. 5, talking about a free society's response to coronavirus (second half). Bob's article from 2007 on how a free market would handle quarantine. Bob's 2017 article on the economics of price gouging.
* Carlos Lara and Bob Murphy on "How to Weather the Coming Financial…
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Mar 21, 2020
Ep. 111 Winston Ewert Explains His Research Applying Computer Science to Intelligent Design
Winston Ewert is an up-and-coming researcher in the Intelligent Design movement, having co-authored articles with one of its leading lights, William Dembski. After explaining ID and relating it to creationism and the theory of common descent, Winston summarizes his research which applies insights from computer science to the biological realm.
Mentioned in the Episode and Other Links of Interest:
* The YouTube video of this interview.
* Biologist H. Allen Orr's hostile review of Dembski.
* BMS ep 106, in which I discuss my optimistic take on ID's future.
* Winston Ewert's article on the dependency graph of life, and his co-authored paper on algorithmic specified complexity.
* William Dembski's book The Design Inference and his more recent No Free Lunch; and Michael Behe's book Darwin's Black Box. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Pods…
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Mar 18, 2020
Ep. 110 Blackjack, the Kelly Criterion, and the "Scientific" Approach to Investing
Bob discusses the famous Kelly criterion, which is a rule for capital management relevant in both gambling and investing. Bob explains the appeal of the Kelly criterion but also details how professional economists have disputed its importance. Bob illustrates the points with references to his high school Blackjack days.
Mentioned in the Episode and Other Links of Interest:
* Kelly's original 1956 paper laying out his optimal bet sizing rule.
* A professor's notes linking to three separate articles from 1979 in which Paul Samuelson and two others battled over the optimality of the Kelly criterion (which is equivalent to maximizing the expectation of the geometric mean of outcomes).
* The Blackjack book where high school Bob was first exposed to the Kelly criterion: The World's Greatest Blackjack Book. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podswor…
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Mar 17, 2020
Ep. 109 Larry Reed on Maintaining Hope and Speaking Truth to Power
Larry Reed has been an organizational leader for liberty for decades, first at the Mackinac Center and then at FEE. He talks with Bob about Solzhenitsyn's ability to withstand the Soviet gulag, and more generally makes the case for optimism in the face of oppression.
Mentioned in the Episode and Other Links of Interest:
* The YouTube video of this interview.
* Larry Reed's article on Solzhenitsyn.
* Larry's essay, "Great Myths About the Great Depression."
* Solzhenitsyn's book The Gulag Archipelago (abridged) and Bob's Politically Incorrect Guide to the Great Depression. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Mar 12, 2020
Ep. 108 Brian Williams’ Billionaire Bloomberg Blunder
Bob first gives some thoughts on the stock market crash and coronavirus, then discusses the jaw-dropping discussion between Brian Williams and a member of the New York Times editorial board regarding Mike Bloomberg's claimed ability to give every American $1 million.
Mentioned in the Episode and Other Links of Interest:
* Charles Cooke's NR column on the affair (including video).
* Bob's article on the social function of stock speculators.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Mar 10, 2020
Ep. 107 Max Sklar Interviews Bob Murphy on Mises’ Class vs. Case Probability
On his podcast The Local Maximum, software engineer (and developer at Foursquare) Max Sklar has Bob explain Ludwig von Mises' distinction between class and case probability. They apply Mises' framework to other economic theory, and discuss Bayesian inference and machine learning.
Mentioned in the Episode and Other Links of Interest:
* Max Sklar's podcast, the Local Maximum.
* Mises' Human Action and Bob's Study Guide to Human Action; the class vs. case probability distinction is handled in Chapter VI on uncertainty.
* Max Sklar's episode dealing with his own views on probability.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Mar 5, 2020
Ep. 106 Why Intelligent Design (ID) Will Be the Public Choice of the Natural Sciences
Anticipating his forthcoming interview with Winston Ewert, Bob explains why the Intelligent Design movement will be to the natural sciences, what the Public Choice school in economics is to the social sciences. Bob predicts that the explanation for the observed complexity of the universe will ultimately be pushed back into the structure of mathematics itself.
Mentioned in the Episode and Other Links of Interest:
* The YouTube video of this episode (highly recommended).
* BMS ep. 111, featuring ID theorist Winston Ewert. (Note that this episode had not yet dropped as of the release of ep. 106.)
* The YouTube video explaining the Mandelbrot set (highly recommended).
* Michael Behe's book, Darwin's Black Box. William Dembski's book The Design Inference. Steve Landsburg's book The Big Questions. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Gene Callahan's post on a short "proof" of God's existence.
* Help support the Bob Murphy Show.
The…
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Mar 2, 2020
Ep. 105 Corey DeAngelis Makes the Case for School Choice
Corey DeAngelis is the Director of School Choice at the Reason Foundation, and an adjunct scholar at the Cato Institute's Center for Educational Freedom. He talks with Bob about the studies supporting school choice, and dispels the myths around it. The interview ends with Bob raising the possibility that government voucher programs could end up hurting school independence.
Mentioned in the Episode and Other Links of Interest:
* The YouTube video of this interview.
* The Cato profile page for Corey DeAngelis.
* Paul Krugman's interview with Ezra Klein.
* Corey's article arguing "Trump is right to call them 'government schools.'"
* Links to the claims Corey made regarding the effects of choice programs, including: vouchers tend to help the disadvantaged, a meta-analysis of school choice effects on student achievement, and the competitive effects of school voucher programs.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth…
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Feb 28, 2020
Ep. 104 Tough Questions for Libertarians
Following up on his two previous episodes firing off provocative questions for both progressives and conservatives, Bob now looks inside his own camp and raises issues for self-reflection. The tough questions for libertarians cover topics ranging from God to abortion to drag queens to tax incidence.
Mentioned in the Episode and Other Links of Interest:
* Bob Murphy Show ep. 62 on "Tough Questions for Progressives" and ep. 66 on "Tough Questions for Conservatives."
* Bob's discussion (ep. 79) with Stephan Kinsella on Hoppe's argumentation ethics, and then Bob's follow-up solo episode (86) on Hoppe's work.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Feb 26, 2020
Ep. 103 Harry Dent on the Coming Financial Crash
Harry Dent is the founder of Dent Research, which provides economic forecasting and financial recommendations. He is the author of numerous books, including Zero Hour (2017). Harry argues that demographic trends set the U.S. economy up for a major adjustment that the Federal Reserve merely postponed with its easy-money policies in 2008 and beyond. Harry now believes that a major crash is coming, which will probably begin this year.
Mentioned in the Episode and Other Links of Interest:
* The YouTube video of this interview.
* Harry Dent's website, HarryDent.com.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Feb 21, 2020
Ep. 102 Deeper Analysis of the Grievance Studies Hoax
In the fall of 2018 three people went public with a long-running hoax in which they'd published fake papers to various feminist, critical studies, etc. journals. Perhaps the most memorable example was an article purporting to catalogue the number of "rapes" that occurred at a dog park. Bob explores the precise reasons for why (or why not) this hoax reflects poorly on the targeted fields.
Mentioned in the Episode and Other Links of Interest:
* A Vox article giving a (critical) summary of the episode.
* The long explanation of the hoax project, from its three creators.
* The journal retraction of the "dog park" hoax article, and the abstracts of the (genuine) articles from the same journal on researcher anxiety and "feminist killjoys."
* Portland State University's disciplinary action against Peter Boghossian.
* A Reason article noting big-gun support for Boghossian against PSU.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Po…
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Feb 16, 2020
Ep. 101 Tim Terrell on Misleading Cross-Country Health Care Statistics, and Why Big Business Supports Environmental Regulations
Economist Tim Terrell explains why the common rankings of "health outcomes" are so often biased against the United States, and why big businesses often support certain environmental regulations. Hint: it's not for reasons progressives will like.
Mentioned in the Episode and Other Links of Interest:
* The YouTube video of this interview.
* Links to the Journal of Libertarian Studies and the Quarterly Journal of Austrian Economics.
* Bob's co-authored book on health care economics, The Primal Prescription. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* The Bob Murphy Show ep. 69, interview with Richard Vedder on the state of higher education.
* Murray Rothbard's classic article on pollution and property rights.
* Bob's article showing why the EPA is not responsible for clean air in the US.
* Bob's article on the "CLEAN Future Act" which summarizes many of his points about the economics of climate change.
* Help support the Bob Murphy S…
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Feb 12, 2020
Ep. 100 Even Tyrannical Regimes Ultimately Rest on Public Opinion
Summarizing insights from Mises, Hume, and La Boetie, Bob argues that even the worst tyrants ultimately stay in power because other people obey them. If the people withdraw their support from a regime, it will fall.
Mentioned in the Episode and Other Links of Interest:
* Gene Sharp's book, From Dictatorship to Democracy. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Etienne de la Boetie's "A Discourse of Voluntary Servitude" (with an introduction by Rothbard).
* Details on Bob's April 20 Soho Forum debate. (Use promo code "bob" for a discount.)
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Feb 10, 2020
Ep. 99 Don Boudreaux on Austrians, Public Choice, and Debating Free Trade
Don Boudreaux is an economist at George Mason University who blogs at Cafe Hayek. He has a long history with the Austrian and Public Choice schools, and is in the trenches daily making the case for free trade.
Mentioned in the Episode and Other Links of Interest:
* The YouTube video of this interview.
* Don's blog, Cafe Hayek.
* Don's book, The Essential Hayek.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Feb 4, 2020
Ep. 98 Why Progressives Are Anti-Vaxxers When It Comes to the Alt Right
Bob first explains a standard progressive viewpoint when it comes to dealing with issues like virus outbreaks, underage drinking, and prostitution. Yet when it comes to dealing with people whose views they abhor, the progressives suddenly are "zero tolerance" and ignore the mechanisms they point to for the other issues.
Mentioned in the Episode and Other Links of Interest:
* Bob Murphy Show ep. 75, interview with Bretigne Shaffer.
* Details on Bob's April 20 debate on Christianity and capitalism.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jan 31, 2020
Ep. 97 Lyn Ulbricht on the Absurd Trial and Sentencing in the Silk Road Case
Lyn Ulbricht is the mother of Ross Ulbricht, the founder of the Silk Road website. Contrary to the government's assertions, Lyn argues that her son was hardly a criminal kingpin menacing society. Even taking the laws on the book at face value, Ross' trial was a sham, and the government's behavior was shocking.
Mentioned in the Episode and Other Links of Interest:
* The YouTube video of this interview.
* A website devoted to Ross Ulbricht's case and how to help.
* The change.org petition for clemency for Ross.
* Trailer for the documentary, "Deep Web," about Silk Road.
* Bob's co-authored booklet on the mechanics and economics of Bitcoin.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jan 29, 2020
Ep. 96 Why I Am Still an Austrian Economist: My Response to Caplan
In Bob's interview of Bryan Caplan (in episode #91), they briefly discussed Bryan's essay criticizing Austrian economics. At listener request, in this episode Bob goes solo to give a much more comprehensive analysis of why he (Bob) remained an Austrian economist, even after seeing top-notch neoclassicals in action during his own time in grad school.
Mentioned in the Episode and Other Links of Interest:
* Bob Murphy Show ep. 91, the interview with Bryan Caplan.
* Bryan Caplan's essay, "Why I Am Not an Austrian Economist."
* A compilation of responses to Caplan.
* Part 3 of Bob's series on Capital & Interest theory, which has links to the first 2 in the series.
* Bob's "sushi article" (responding to Krugman and Cowen's critiques of Austrian business cycle theory).
* Links to Bob's dissertation and also a paper on multiple interest rates.
* Bob's article explaining Hotelling's principle for an exhaustible resource.
* Arnold Kling on "recalculation."
* David R. Hend…
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Jan 24, 2020
Ep. 95 Tareq Haddad on the OPCW Scandal on Syria's Chemical Weapons, and Why He Resigned From Newsweek
Tareq Haddad was a (recently hired) reporter for Newsweek who was repeatedly rebuffed when trying to cover the emerging story of the Organization for the Prohibition of Chemical Weapons (OPCW) report on Syria. He eventually resigned. Tareq discusses how the US authorities pressured the OPCW to change the report to fit their desired narrative, and how powerful groups control the media narrative.
Mentioned in the Episode and Other Links of Interest:
* Tareq's post giving the history of his time at Newsweek, and how the media narrative is controlled.
* The YouTube video of this interview.
* Jonathan Steele's Counterpunch article on the OPCW scandal.
* Tareq's new podcast, "Conversations."
* Tareq's Patreon account.
* Background on Operation Mockingbird.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jan 22, 2020
Ep. 94 A Case for Christian Pacifism
Bob gives a pragmatic case for pacifism, appealing to Christians who would like to take the Sermon on the Mount literally but are worried it would spell disaster.
Mentioned in the Episode and Other Links of Interest:
* Bob Murphy Show ep. 19 on Rothbardian institutions becoming nonviolent.
* One of Gene Sharp's books on strategic nonviolence for effecting political change. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Bob's Libertarian Papers journal article on private law and military defense.
* The trailer for the movie Hacksaw Ridge (depicting the real-life story of Desmond Doss who was a pacifist medic in WW2).
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jan 17, 2020
Ep. 93 Lindsay Goldwert on Stand Up Comedy and Standing Up for Yourself
Bob interviews Lindsay Goldwert on her years performing at and organizing stand-up comedy shows in NYC, the interaction between comedy and finance, and her new book, BOW DOWN.
Mentioned in the Episode and Other Links of Interest:
* The YouTube video of this interview.
* Lindsay's new book Bow Down. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
* Lindsay's Twitter and website.
* Lindsay's article on the economics of stand-up and her podcast Spent.
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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Jan 9, 2020
Ep. 92 FBI Spying and the Gaslighting of America
Bob uses the media coverage of the December Inspector General (IG) report on the FBI to illustrate how the establishment is gaslighting America. Specifically, some of the FBI's tactics when applying for permission to spy on the Trump campaign are jaw-dropping, and yet the corporate media have used the report to refute Trump's "conspiracy theories" about an FBI plot against him.
Mentioned in the Episode and Other Links of Interest:
* The full Inspector General report on the FBI's FISA applications.
* CNN article on "Trump's baseless wiretap claim."
* Help support the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
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