Posts by Robert Murphy
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…
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…
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…
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…
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…