Ep. 514 Bryan Caplan on the Strengths and Weaknesses of Rothbard’s “For a New Liberty”
GMU economics professor Bryan Caplan discusses his recent substack series going through Rothbard’s classic, For a New Liberty, chapter by chapter.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this episode.
- The cited chapter summaries from Bryan Caplan’s review of Rothbard: nine, twelve, thirteen, fourteen, and fifteen.
- This episode’s sponsor, the free Plan-B guide from ExPatMoney.
- Help support the Bob Murphy Show.
About the author, Robert
Christian and economist, Chief Economist at infineo, and Senior Fellow with the Mises Institute.
Caplan’s lies:
he claims ABCT is about business people ‘misestimating’ the ‘right’ interest rate.
It is about them being misincentivized to invest falsely: they can know rates are too low, but they have no option but to act as if they were real.
And those that resist the urge to make bad investments because they know it’s just an unsustainable bubble will simply be out-competed in the short-term by all the idiots throwing their money at the bubble.
Caplan clearly does not understand ABCT.
Would have been more interesting if Bob did push back. I want Bob and Bryan to hash it out. If I just want Caplan’s take, I can read the book club series.
Did you listen to the interview? Are you saying you don’t know where I disagreed with him and why?