Bob Murphy Show
317 episodes - English - Latest episode: 16 days ago - ★★★★★ - 451 ratingsThe podcast promoting free markets, free minds, and grateful souls.
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Episodes
Ep. 67 Walter Block and William Barnett on Problems With the Hayekian Triangle
October 10, 2019 18:19 - 1 hour - 56 MBIn a 2006 journal article, “On Hayekian Triangles,” Walter Block and William Barnett lists 14 separate objection to the popular device used (in various forms) by Hayek, Rothbard, and Roger Garrison to illustrate how artificially low interest rates lead to an unsustainable boom. Block concludes that the Hayekian triangle can be salvaged, while Barnett thinks it should be abandoned altogether. . . . . . Mentioned in the Episode and Other Links of Interest: Barnett and Block’s (2006) pa...
Ep. 66 Tough Questions for Conservatives
October 07, 2019 12:00 - 23 minutes - 18.9 MBBob asks a series of tough (but fair, he hopes) questions for conservatives, ranging from tariffs to impeachment to drug prohibition. . . . . . Mentioned in the Episode and Other Links of Interest: Bob’s free PDF (co-authored with Silas Barta) on Bitcoin, and The Case for IBC. News articles about CIA secret prison network, and president’s Secret Kill List. The argument linking immigrants to newborn babies of U.S. citizens was taken from Block and Callahan (2003). For more on the F...
Ep. 65 Matt Bankert Makes His Case for the Top Ten Libertarian Rock Bands
October 05, 2019 18:39 - 1 hour - 56.6 MBOnline rock artist and music blogger Matthew Bankert walks Bob through his picks for the Top Ten Libertarian Rock Bands. . . . . . Mentioned in the Episode and Other Links of Interest: “The Top Ten Libertarian Rock Bands,” according to Matt Bankert. The special link for Bob Murphy Show listeners, to get a free Bankert song. Bankert’s new song. Matt Bankert’s website, his YouTube channel, and his Facebook page. For Matt’s monthly playlist, search Spotify for “Libertarian Rock.” B...
Ep. 64 Why Johnny Depp Was the Good Guy and Morgan Freeman Was the Bad Guy in *Transcendence*
October 02, 2019 05:26 - 1 hour - 51.2 MBBob analyses the 2014 film *Transcendence*, starring Johnny Depp and Morgan Freeman. Besides making his case that Depp’s character was in the right, Bob explores some of the economic and even religious elements of the film. . . . Mentioned in the Episode and Other Links of Interest: The trailer to Transcendence. Bob’s article on the social function of stock speculation. Bob’s journal article that discusses Garrison’s version of Austrian business cycle theory in terms of the standard ...
Ep. 63 Nicolas Cachanosky on Improving Austrian Business Cycle Theory, the Dispute Over Fractional Reserve Banking, and How the Fed Broke Monetary Policy
September 28, 2019 00:55 - 1 hour - 67.9 MBEconomist Nicolas Cachanosky specializes in the overlap between capital theory in traditional economics and the capitalization of cash flows in finance. He explains the relevance of these concepts to understanding the business cycle. Then Nicolas and Bob have a friendly disagreement over Mises’ views on fractional reserve banking. The conversation closes with Nicolas’ view on central banking policy since the financial crisis of 2008. . . . . . . . . Mentioned in the Episode and Oth...
Ep. 62 Tough Questions for Progressives
September 24, 2019 22:54 - 41 minutes - 33.3 MBBob asks a series of tough (but fair, he hopes) questions for progressives, ranging from abortion to the minimum wage to climate change. . . . . . . . Mentioned in the Episode and Other Links of Interest: The NYT (front page) article discussing Obama’s “Secret Kill List.” The clip of Obama saying, “We tortured some folks.” William Nordhaus vs. the UN on climate change policy. A cost-benefit analysis of compensating kidney donors. A (pro-intervention) website showing the estimat...
Ep. 61 Julie Borowski Talks About YouTubing, the Fun and Fatigue of the Liberty Movement, and Her New Book for Children
September 21, 2019 03:15 - 35 minutes - 28.5 MBJulie Borowski has a very popular YouTube channel producing funny videos that teach free-market economics and libertarian principles. She joins Bob to discuss her new children’s book, Nobody Knows How to Make a Pizza. . . . . . . . . . . Mentioned in the Episode and Other Links of Interest: Julie’s new book, Nobody Knows How to Make a Pizza: paperback version or Kindle. Julie’s website, LibertyJunkies.com. Enter your email at this link to possibly win a free signed book from J...
Ep. 60 Bob Murphy Dissects Dave Chappelle’s New Special
September 17, 2019 04:57 - 52 minutes - 42.4 MBBob goes solo to analyze Dave Chappelle’s Netflix special, “Sticks & Stones.” Bob applauds one bit and criticizes another, but overall thinks Chappelle has done his duty as the court jester. . . . . Mentioned in the Episode and Other Links of Interest: Jon Stewart’s hilarious segments on Ron Paul and Paul Krugman. Dave Chappelle’s bit on abortion. Help support the Bob Murphy Show. The audio production for this episode was provided by Podsworth Media.
Ep. 59 Marsha Enright Warns That Vouchers Will Ruin Private Schools
September 12, 2019 12:00 - 1 hour - 59.1 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/09/Marsha-Enright.png ()Marsha Familaro Enright founded the Council Oak Montessori School in Chicago, and is currently the President of “The Great Connections,” a gap-year program for students also located in Chicago. She has written on how education would work in a free society, and she warns that government voucher programs may backfire and ruin what independence private schools still retain. . . . . . . Mentioned in the Episode and O...
Ep. 58 Using World War I to Prove the Incompetence of State Militaries
September 09, 2019 21:40 - 55 minutes - 44.3 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/09/ww1.png () Bob uses some samples from Dan Carlin’s amazing podcast, Hardcore History, to illustrate the flaws with State-provided military services. Bob concludes that minarchists have nothing to fear, and they should embrace the full vision of a voluntary society with no institutional coercion. . . . . Mentioned in the Episode and Other Links of Interest: Dan Carlin’s https://www.dancarlin.com/product/hardcore-history-50-blueprint-fo...
Ep. 57 Robert Anthony Peters on Making a Movie With Will Smith and Creating “Tank Man”
September 07, 2019 20:44 - 2 hours - 105 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/09/rap.png ()Robert Anthony Peters is a professional actor as well as a promoter of liberty. His most recognizable film roles were appearances in The Pursuit of Happyness (with Will Smith) and Steve Jobs. His latest creation is the short film “Tank Man.” . . . . . . . . . . Mentioned in the Episode and Other Links of Interest: The official website http://www.tankmanfilm.com/ (TankManFilm.com). Robert Anthony Peters’ http://www.roberta...
Ep. 56 Bob Murphy Explains Austrian Business Cycle Theory, the Inverted Yield Curve, and the Coming Recession
September 02, 2019 22:50 - 1 hour - 53.8 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/09/3M-and-10Y-yields.png () Bob goes solo to give a quick explanation of the Mises-Hayek theory of the boom-bust cycle, and how he used it to forecast the financial crisis in 2008 a year ahead of time. He then explains the significance of an “inverted yield curve,” and shows how the Austrians can understand its predictive power much better than Keynesians like Paul Krugman can. . Mentioned in the Episode and Other Links of Interest: The ...
Ep. 55 L.A. Prosecutor Defends Plea Bargains and Challenges Bob’s Vision of AnCap Law Enforcement
August 29, 2019 21:00 - 2 hours - 99.9 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/08/blind-justice.jpg ()Patrick Frey has more than two decades of experience as a Los Angeles prosecutor. Although he is an enthusiastic fan of Austro-libertarianism, Frey comes on the show to challenge Bob’s views on plea deals and an-cap society. . . . . Mentioned in the Episode and Other Links of Interest: The https://www.bobmurphyshow.com/ep-33-why-plea-deals-are-a-gross-miscarriage-of-justice/ (Bob Murphy Show ep. 33) (on plea bar...
Ep. 54 How the Left and the Right Move the Goalposts in Economic Arguments
August 26, 2019 13:00 - 48 minutes - 39.1 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/08/goalposts.jpg () Bob goes solo to explain a common rhetorical dodge that he’s encountered from both the progressive Left and the conservative Right. On the issue of slavery and reparations, the Left will argue that modern whites benefited from the institution. When someone like Murphy points out that slavery actually made the average white person poorer, the leftist may object that this isn’t about economics, but about privilege and so...
Ep. 53 Robby Soave Broke the Real Story on the Covington Students, But He Also Defended Ilhan Omar
August 23, 2019 20:48 - 41 minutes - 33.8 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/08/robbysoave.jpg ()Robby Soave, a writer at Reason, was the first journalist to shatter the original narrative about the Covington Catholic students caught in the infamous faceoff with Native American Nathan Phillips. But Soave has also tried to correct the unfair coverage of Ilhan Omar. Mentioned in the Episode and Other Links of Interest: Robby Soave’s reason.com articles on https://reason.com/2014/12/01/is-the-uva-rape-story-a-giga...
Ep. 52 Tom Woods Probes the Origin Story of Bob Murphy
August 22, 2019 21:29 - 1 hour - 57.6 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/08/bob-and-tom.jpg ()In a fitting act of reciprocity, Tom Woods has Bob on his show for episode 1307 (which originally ran in December 2018), much like Bob had Tom on his show for episode 1. Bob explains how he got into Austrian economics and libertarianism. Mentioned in the Episode and Other Links of Interest: The website for The https://tomwoods.com/podcasts/ (Tom Woods Show). The website for https://contrakrugman.com/ (Contra Krugm...
Ep. 51 Hannah Cox Tells Conservatives Why They Should Oppose the Death Penalty
August 20, 2019 20:22 - 50 minutes - 40.4 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/08/hannah-cox.jpg () Hannah Cox is National Manager of the organization Conservatives Concerned About the Death Penalty. She is conservative/libertarian on standard policy issues, and is a strong advocate of the 2nd Amendment, but even so–perhaps surprisingly to some–she is also very alarmed with the State’s abuses in the criminal justice system. Mentioned in the Episode and Other Links of Interest: The website for https://conservativ...
Ep. 50 Why Roddy Piper Was Too Rowdy in *They Live*
August 14, 2019 03:36 - 1 hour - 54.6 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/08/roddy-piper.jpeg () Bob analyzes John Carpenter’s 1988 cult classic, “They Live,” starring Roddy Piper. After making some general observations about the major thematic elements, Bob critiques the main character’s strategy for dealing with an alien takeover of the media and government. Mentioned in the Episode and Other Links of Interest: The https://www.bobmurphyshow.com/ep-14-murphy-on-parables-lizard-people/ (Bob Murphy Show episod...
Ep. 49 Patrick Newman Cracks the Code to Publish a New Rothbard Manuscript
August 09, 2019 22:00 - 1 hour - 60 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/08/Patrick-Newman-2017.jpg ()Economist Patrick Newman relays his adventurous tale of deciphering Murray Rothbard’s handwritten manuscript on early American history. Needless to say, Rothbard’s take is not what you learned in school. Mentioned in the Episode and Other Links of Interest: Patrick Newman’s https://mises.org/library/original-unpublished-chapter-5-man-economy-and-state (QJAE article) on Rothbard’s previously unpublished chap...
Ep. 48 Bob Explains the Highlights of His New QJAE Article on Fractional Reserve Banking
August 07, 2019 22:33 - 1 hour - 51.6 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/08/bank.jpg () Bob goes solo to explain some of the most important points in his new QJAE article on the fractional reserve banking debate. Bob shows why Mises thought *any* issuance of fiduciary media caused the boom-bust cycle, and he points out a major flaw in George Selgin’s defense of fractional reserve banking. Mentioned in the Episode and Other Links of Interest: Bob’s https://mises.org/library/more-quibbles-problems-theory-and-h...
Ep. 47 Economist Ben Powell Reports on His Worldwide Tour of Socialist Countries
July 30, 2019 10:00 - 1 hour - 54.4 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/07/ben-powell.jpg ()Ben Powell, head of the Free Market Institute at Texas Tech, discusses his newly released book Socialism Sucks (co-authored with Robert Lawson). Powell and Lawson toured countries around the world to observe firsthand life under ACTUAL socialism–in places like North Korea and Venezuela–versus places that merely have large welfare states (like Sweden). They concluded that, well, socialism sucks. Mentioned in the Episo...
Ep. 46 Bob Murphy Lectures on Private Military Defense
July 25, 2019 01:33 - 48 minutes - 39.2 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/07/2019.07-Murphy-at-Mises-U.png () On July 19, 2019, Bob gave a talk on private military defense at Mises University. It was an elaboration of his standard talk from previous years on “The Market for Security.” Mentioned in the Episode and Other Links of Interest: Bob’s frequent Mises U lecture that includes private law, https://www.youtube.com/watch?v=4rq3RcUyMrM (“The Market for Security.”) Bob’s pamphlet, https://mises.org/library/...
Ep. 45 Michel Accad, MD, Leads Bob on a Critical Analysis of Kenneth Arrow’s Health Care Paper
July 19, 2019 01:22 - 1 hour - 59.6 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/07/michel-accad.png ()Michel Accad practices cardiology and general internal medicine in San Francisco, and holds a part-time clinical faculty appointment at the University of California San Francisco.This episode continues the discussion that Bob had with Dr. Michel Accad back in http://bobmurphyshow.com/43 (ep. 43). There, Bob reviewed the development of concepts like “efficiency” and “market failure,” so that now he and Michel (in the...
Ep. 44 Steve Patterson Challenges Rothbardians: Economic Theory Is More Empirical Than You Think
July 05, 2019 02:03 - 1 hour - 59.2 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/07/steve-patterson.jpg ()Steve Patterson–host of “Patterson in Pursuit”–talks to Bob about one of his recent essays, in which Patterson challenged the standard Misesian/Rothbardian view on economics. Specifically, Patterson claims that you can’t get very far with pure a priori reasoning–even pretty basic economic laws rely on empirical assumptions. Mentioned in the Episode and Other Links of Interest: http://steve-patterson.com/abuse-a...
Ep. 43 Michel Accad, MD, Leads Bob on a Discussion of “Efficiency” and “Market Failure” as Used in Health Economics
July 02, 2019 05:11 - 1 hour - 59.1 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/07/michel-accad.png ()Michel Accad practices cardiology and general internal medicine in San Francisco, and holds a part-time clinical faculty appointment at the University of California San Francisco. This episode reproduces a discussion Bob had on Michel’s podcast, where they discussed the development of “welfare economics” in mainstream theory, in preparation for their subsequent discussion (which will be Bob Murphy Show ep. 45) of Ke...
Ep. 42 Former Military Intelligence Sergeant Donnie Gebert Explains That a Direct Republic Is Now Possible
June 25, 2019 12:00 - 2 hours - 141 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/06/direct-republic.jpg ()Like the Matrix, you cannot be told about a 3-hour conversation with Donnie Gebert; you must hear it for yourself. But here’s the blurb from his book: “All members of a direct republic sign…the constitution/social contract. This contract states you will not engage in murder, rape, theft, and basic crimes against humanity. Once signed, the individual becomes their own representative and places social contributions d...
Ep. 41 Karl Smith, of the Blog “Modeled Behavior,” Has Friendly Debate With Bob On Keynesian Stimulus and Carbon Taxation
June 21, 2019 06:21 - 1 hour - 58.8 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/06/karl-smith.jpg ()Bob has a friendly discussion/debate with Karl Smith. First Bob pushes Karl to clarify the conditions under which government deficit spending could, even in theory, help a depressed economy. Then they switch to the economics of climate change, and Bob’s view that the case for a carbon tax is much weaker than most economists admit. Mentioned in the Episode and Other Links of Interest: Karl Smith’s https://w...
Ep. 40 Tucker Carlson Wants Affirmative Action for American Workers
June 13, 2019 03:05 - 1 hour - 48.6 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/06/carlson-warren.jpg () Tucker Carlson gives unambiguous approval for Elizabeth Warren’s call for “economic nationalism,” saying her proposal sounds like “Trump at his best.” Carlson pillories American companies for outsourcing their operations to other countries, and blames Republican leadership for its dedication to doctrinaire libertarianism and Austrian economics. (Not a joke.) Bob disagrees with this take. Mentioned in the Episode ...
Ep. 39 Stephan Kinsella Discusses Law Without the State, and the Illegitimacy of IP (Intellectual Property)
June 09, 2019 00:59 - 1 hour - 85.4 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/06/kinsella.jpg ()Bob talks with Stephan Kinsella about the basis of libertarian law, and how we could have justice without a coercive State. They then discuss Stephan’s pathbreaking work making the case that property must be in tangible things, rendering “intellectual property” an incoherent and dangerous concept. Mentioned in the Episode and Other Links of Interest: Stephan’s http://www.stephankinsella.com/ (website). Stephan’s clas...
Ep. 38 Bob Nails Krugman’s Perverse Morality on Infrastructure Spending
June 09, 2019 00:26 - 29 minutes - 23.9 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/06/krugman.jpg () Bob replays a recent Contra Krugman episode where he went solo, covering a Paul Krugman column on infrastructure spending. In addition to getting the economics wrong (as usual), Krugman also make a shocking admission about his willingness to harm the country so long as it denied Trump a political victory. Mentioned in the Episode and Other Links of Interest: https://www.nytimes.com/2019/05/24/opinion/trump-tantrums-dem...
Ep. 37 Dr. Keith Smith Tells Doctors and Patients How to Secede From the Broken Health Care and Insurance System
June 04, 2019 03:14 - 1 hour - 57.7 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/06/g-keith-smith-md-2015.jpg ()Keith Smith is an anesthesiologist who founded the Oklahoma Surgery Center, and the Free Market Medical Association. He is a medical doctor but also a student of economics. Bob and Keith discuss the recent FMMA conference in Dallas, and explain how patients and doctors right now can break out of our broken health care / insurance system. Mentioned in the Episode and Other Links of Interest: The https://su...
Ep. 36 Even An-Caps Sometimes Give the State Too Much Credit
May 28, 2019 21:51 - 31 minutes - 26.1 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/05/ancap.png () Bob goes solo to point out a common fallacy among even self-described anarcho-capitalists, when they blame a social problem on “too little government.” For example, in standard arguments over drug prohibition, sometimes libertarians will argue, “A drug dealer can’t call the cops if he gets robbed, so this leads to more violence in the industry.” Bob explains what’s wrong with this way of thinking. Mentioned in the Episode...
Ep. 35 Scott Horton Chastises Bob on His Ilhan Omar Episode, Talks About Who’s to Blame In Venezuela, and Explains the Carnage in the Middle East
May 24, 2019 04:31 - 2 hours - 116 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/05/scott-horton.jpg ()Scott Horton returns to the podcast to share his wealth of knowledge on a variety of topics. Bob first gives Scott the opportunity to express his unhappiness with the recent episode (#29) on Ilhan Omar. Then they discuss the economic crisis in Venezuela, the carnage in the Middle East, the Mueller Report, and finally answer questions from the BMS Secret Facebook Group. Mentioned in the Episode and Other Links of In...
Ep. 34 Harvard Astronomy Chair Avi Loeb Explains the Physics of Black Holes, and Why Aliens Might Have Sent the Strange Space Object ‘Oumuamua
May 18, 2019 03:47 - 1 hour - 56.5 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/05/avi-loeb.jpeg ()Bob brings on special guest Avi Loeb, who is the Frank B. Baird Jr. Professor of Science and Chair of the Astronomy Department at Harvard. Among other positions, Prof. Loeb is founding Director of the Black Hole Initiative, and is thus ideally suited to explain the recent images of a massive black hole circulating on social media. Loeb also has been at the center of media discussion concerning the strange object in spa...
Ep. 33 Why Plea Deals Are a Gross Miscarriage of Justice
May 16, 2019 04:39 - 43 minutes - 35.5 MBBob goes solo to explain why the common practice of “offering a plea deal” is a horrible practice, which gives us little reason to trust that those convicted are actually guilty of the crimes to which they confess. Mentioned in the Episode and Other Links of Interest: Join Bob and Tom Woods on https://contracruise.com (the Contra Cruise)! The https://www.bobmurphyshow.com/ep-32-lew-rockwell-on-the-college-cheating-faux-scandal/ (Bob Murphy Show, ep. 32) (in which Lew Rockwell discusses the...
Ep. 32 Lew Rockwell on the College Cheating Faux Scandal, the Sinister FBI, and How the CIA Kills People
May 12, 2019 05:28 - 1 hour - 50.1 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/05/Lewrockwell.jpg ()Bob brings on Mises Institute founder Lew Rockwell to primarily discuss Lew’s article in defense of Lori Loughlin. Why is the FBI involved in a college admission scandal in the first place? And why is Lori Loughlin’s behavior so much worse than all the other cheating that happens systematically? Bob and Lew then discuss the chilling role of the FBI in American life, as well as various methods by which the CIA takes c...
Ep. 31 Capital & Interest in the Austrian Tradition, Part 3 of 3
May 07, 2019 07:51 - 1 hour - 66.6 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/05/mises.jpg ()Bob finishes his 3-part series by first reviewing the contributions of Bohm-Bawerk, Fetter, and Mises to the modern Austrian explanation of interest, namely the “pure time preference theory” (PTPT). Then Bob explains some of the problems for the PTPT, especially for Austrian economists. Instead Murphy offers a much more straightforward–and Austrian!–approach, which explains interest as the premium placed on present vs. futur...
Ep. 30 Robbie “the Fire” Bernstein Discusses Stand-Up Comedy, Dealing With AOC, and the Coming Economic Crash
April 29, 2019 18:58 - 1 hour - 94.8 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/04/robbie-the-fire.png ()Bob brings on Robbie “the Fire” Bernstein, host of Run Your Mouth and junior host to Dave Smith on the popular libertarian podcast Part of the Problem. Bob and Robbie discuss the NYC stand-up comedy scene, and give a tutorial on jokes using some examples. Bob asks Robbie whether the mocking campaign against AOC might backfire, and then Robbie turns the tables by asking Bob about the coming economic crash. Mentio...
Ep. 29 No, Ilhan Omar Wasn’t Taken Out of Context
April 25, 2019 05:56 - 30 minutes - 25.7 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/04/911-skyscape.png ()Bob critiques an article by Conor Friedersdorf, in which he mocks the right-wing outrage over Rep. Ilhan Omar’s 9/11 remarks as a tempest in a teapot. Why, if someone on the right made a similar slip of the tongue, Friedersdorf would expect the right-winger to be forgiven. This is of course ludicrous nonsense, as Bob explains. Mentioned in the Episode and Other Links of Interest: Conor https://www.theatlantic.com/id...
Ep. 28 Capital & Interest in the Austrian Tradition, Part 2 of 3
April 19, 2019 11:00 - 1 hour - 65.4 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/04/bawerk.jpg ()Bob goes solo in his continuation of his series on Capital & Interest Theory. In this episode he explains Bohm-Bawerk’s solution to the problem of interest, namely that present goods are more valuable than future goods. Bob also explains Bohm-Bawerk’s three separate causes for the higher valuation of present over future goods, including the notorious third cause, which is the higher physical productivity of more roundabout ...
Ep. 27 Lara and Murphy Discuss IBC and the Business Owner
April 16, 2019 09:41 - 53 minutes - 43.7 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/04/LMR-Reporting.png ()This episode is a re-broadcast of a recent episode of the Lara-Murphy Show. Bob and his co-author Carlos Lara discuss the yield curve from an Austrian perspective. Then Carlos explains why a business owner who practices the Infinite Banking Concept (IBC) would want to retain ownership of the life insurance policy in his or her own name (rather than the company owning it). Their discussion is part of a series, which i...
Ep. 26 Capital & Interest in the Austrian Tradition, Part 1 of 3
April 12, 2019 01:08 - 1 hour - 61 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/04/bohm-bawerk.jpg ()Bob goes solo by beginning his 3-part series devoted to Capital & Interest Theory in the tradition of the Austrian School. (This is his area of expertise and the focus of his doctoral dissertation.) In this episode, Part 1, Bob explains Bohm-Bawerk’s critique of the “naive productivity theory” of interest, and also reconciles it with the standard approach in modern economics models of equating the real rate of interest...
Ep. 25 Discussing MMT Through the Eyes of a Socialist
April 05, 2019 01:58 - 1 hour - 57.7 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/04/socialism-fist.jpg () Bob shares an interview he did on C. Jay Engel’s podcast, “Austro-Libertarian,” where they discussed Doug Henwood’s critique of MMT that ran in the socialist publication, Jacobin magazine. Henwood’s article was an excellent summary of the academic roots of MMT, and thus supplements the pragmatic discussions (from the perspective of Warren Mosler) that have recently been featured on the Bob Murphy Show. Mentione...
Ep. 24 Murphy Dissects His Discussion of MMT With Warren Mosler
March 27, 2019 23:32 - 1 hour - 53.4 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/02/Mosler.jpg ()By popular demand, Bob goes solo and explains some of the major disagreements he had with the views Warren Mosler expressed back in episode 18. At that time, Bob was just having a friendly discussion, not a debate, but in this episode, Bob explains where he thinks Mosler went wrong. Mentioned in the Episode and Other Links of Interest: Bob’s https://www.bobmurphyshow.com/ep-18-warren-mosler-defends-the-essential-insights/...
Ep. 23 Peter Klein Discusses Christina Romer, Bill Clinton, Israel Kirzner, and Entrepreneurship
March 20, 2019 09:27 - 1 hour - 75.5 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/03/peter_klein_newbg-250x350-1.jpg ()Austrian economist Peter Klein talks with Bob about his unusual (for a Rothbardian) career path, including his time working for the Council of Economic Advisors to Bill Clinton. They discuss Klein’s work on entrepreneurship, and how his views differ from those of Israel Kirzner. Mentioned in the Episode and Other Links of Interest: Peter Klein’s https://sites.baylor.edu/peter_klein/ (official page)....
Ep. 22 Jordan Page Talks and Sings About the Persecution of Schaeffer Cox
March 14, 2019 20:47 - 1 hour - 51 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/03/PSC-Cover-Draft-2.jpg ()Liberty musician Jordan Page discusses the plight of Schaeffer Cox, an Alaska liberty activist and militia leader who is being held by the federal authorities in a high-security prison. There were many irregularities in the case, with the original verdict having been vacated and the case sent to a lower court for re-sentencing. Cox’s supporters argue that he was targeted for his political views. Mentioned in t...
Ep. 21 The God of Social Media Demands Sacrifice, Not Mercy
March 08, 2019 03:33 - 1 hour - 86.4 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/03/sacrifice.jpg ()Bob goes solo to discuss a particular aspect of outrage mobs on social media, in which people intentionally spread misleading or outright false smears against their opponents. He covers the fate of Scott Alexander (who had to shut down a subreddit thread because of online harassment accusing him of supporting Nazis), Nick Sarwark’s latest (feigned) ignorance of Tom Woods’ views on prostitution, the hatchet job on Bob’s W...
Ep. 20 Nelson Nash Talks About Leonard Read, Crashing Planes, and Getting the Bankers Out of Your Life
March 05, 2019 11:00 - 1 hour - 68.4 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/03/nelson-nash.jpg ()Nelson Nash is the developer of the Infinite Banking Concept (IBC), which uses properly designed whole life insurance policies as a cashflow management vehicle. Although Bob (along with Carlos Lara and David Stearns) has worked closely with Nelson over the years in building the Nelson Nash Institute, this interview focuses on some of Nelson’s charming stories about learning to fly and being mentored by FEE’s founder,...
Ep. 19 Why Rothbardian Institutions Would Become Nonviolent
February 27, 2019 13:56 - 1 hour - 85.3 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/02/peace.png ()In order to motivate his upcoming debate on the Contra Cruise against Tom Woods, Bob goes solo in describing his vision of a Rothbardian society. Without taking a stand on the morality involved, Bob simply explains as an economist why he predicts that the major companies and property owners in an anarcho-capitalist framework would quickly adopt policies that minimized violence, even against criminals. Mentioned in the Episo...
Ep. 18 Warren Mosler Defends the Essential Insights of Modern Monetary Theory (MMT)
February 22, 2019 20:55 - 1 hour - 76.1 MBhttps://www.bobmurphyshow.com/wp-content/uploads/2019/02/Mosler.jpg ()Bob brings on MMT superstar Warren Mosler to explain–not to debate!–his understanding of Modern Monetary Theory. After summarizing Mosler’s interesting background, the two discuss the assumptions behind MMT and its implications for economic policy. Mentioned in the Episode and Other Links of Interest: Warren Mosler’s http://moslereconomics.com/ (website). Warren’s definitive book, http://moslereconomics-kg5winhhtut.sta...