Bob Murphy Show

By Robert Murphy

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 Dec 28, 2018

Description

The podcast promoting free markets, free minds, and grateful souls.

Episode Date
Ep. 34 Harvard Astronomy Chair Avi Loeb Explains the Physics of Black Holes, and Why Aliens Might Have Sent the Strange Space Object ‘Oumuamua
1:09:17
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 space named 'Oumuamua, which has several properties that make Loeb hypothesize that it might not be a strictly natural phenomenon. Mentioned in the Episode and Other Links of Interest: Professor Avi Loeb's Harvard homepage. NASA article, "How Scientists Captured the First Image of a Black Hole." Professor Loeb's essay, "6 Strange Facts About the Interstellar Visitor, 'Oumuamua." Lara-Murphy.com, the website combining Austrian economics and Nelson Nash's Infinite Banking Concept (IBC). How you can contribute to the Bob Murphy Show. The audio production for this episode was provided by Podsworth Media.
May 17, 2019
Ep. 33 Why Plea Deals Are a Gross Miscarriage of Justice
43:02
Bob 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 the Contra Cruise! The Bob Murphy Show, ep. 32 (in which Lew Rockwell discusses the college cheating faux scandal). Help support the Bob Murphy Show. The audio production for this episode was provided by Podsworth Media.
May 15, 2019
Ep. 32 Lew Rockwell on the College Cheating Faux Scandal, the Sinister FBI, and How the CIA Kills People
1:01:19
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 care of business. Bob also asks Lew questions submitted in the BMS Facebook group. Mentioned in the Episode and Other Links of Interest: Lew's popular website, LewRockwell.com Lew's recent article, "Free Lori Loughlin and All Political Prisoners." Bob's 2007 LRC article, "In Defense of Andrew Speaker." Lew's book Fascism vs. Capitalism. The Church Committee Reports. How you can contribute to the Bob Murphy Show. The audio production for this episode was provided by Podsworth Media.
May 12, 2019
Ep. 31 Capital & Interest in the Austrian Tradition, Part 3 of 3
1:21:58
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. future units of money. Mentioned in the Episode and Other Links of Interest: Part 1 and Part 2 in this series (BMS ep. 26 and 28). Bob's doctoral dissertation, in which the second and third essays elaborate on the main elements of this episode. Eduard Braun's article explaining how Carl Menger changed his view on capital. (Thanks to Ryan Griggs.) Use Bob's special link to subscribe to Liberty Classroom, where (among other courses) you can get Bob's two courses on the History of Economic Thought. Bob's book (co-authored with Nelson Nash and Carlos Lara) The Case for IBC, which explains the Infinite Banking Concept. Help support the Bob Murphy Show. The audio production for this episode was provided by Podsworth Media.
May 07, 2019
Ep. 30 Robbie “the Fire” Bernstein Discusses Stand-Up Comedy, Dealing With AOC, and the Coming Economic Crash
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. Mentioned in the Episode and Other Links of Interest: Robbie's podcast Run Your Mouth, plus his show with Dave Smith, Part of the Problem. The three joke clips discussed: one, two, and three. Audience member at Porcfest trolls Bob, saves the scene. The trailer to the Billy Crystal movie, "Mr. Saturday Night." Carlos Lara and Bob on the coming financial storms. Details on the May 10, 2019 seminar in Nashville on IBC and the coming crash. How you can contribute to the Bob Murphy Show. The audio production for this episode was provided by Podsworth Media.
Apr 29, 2019
Ep. 29 No, Ilhan Omar Wasn’t Taken Out of Context
30:55
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 Friedersdorf's article on Omar being taken out of context. "The God of Social Media Demands Sacrifice, Not Mercy" (episode 21 of the BMS). Bob's Wikipedia entry (showing something actually taken out of context). Information for Bob's presentation on the economics of climate change on April 26, 2019 at Connecticut College. (Or contact Bob directly for details.) Information for Bob's presentation on free-market health care on April 29, 2019 at Lock Haven University. (Or contact Bob directly for details.) Help support the Bob Murphy Show. The audio production for this episode was provided by Podsworth Media.
Apr 25, 2019
Ep. 28 Capital & Interest in the Austrian Tradition, Part 2 of 3
1:20:23
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 processes. Finally, Bob addresses the criticism of Bohm-Bawerk's theory coming from Keynes, Fisher, Frank Fetter, and Mises. Mentioned in the Episode and Other Links of Interest: Part 1 in this series (BMS ep. 26). Paul Samuelson's (with identity disclosed) referee reports on Bob's journal articles on capital & interest theory. Bob's doctoral dissertation, in which the final Appendix reconciles Bohm-Bawerk's verbal critique with the standard result that r=MPK. Use Bob's special link to subscribe to Liberty Classroom, where (among other courses) you can get Bob's two courses on the History of Economic Thought. Help support the Bob Murphy Show. The audio production for this episode was provided by Podsworth Media.
Apr 19, 2019
Ep. 27 Lara and Murphy Discuss IBC and the Business Owner
53:23
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 is tied to the upcoming seminar in Nashville, TN on May 10, 2019. Mentioned in the Episode and Other Links of Interest: The Nelson Nash Institute seminar on "IBC and the Business Owner," on May 10, 2019 in Nashville TN. The three part series at the Lara-Murphy Show on IBC and the Business Owner: Part One, Part Two (which is this episode of the BMS), and Part Three. Help support the Bob Murphy Show. The audio production for this episode was provided by Podsworth Media.
Apr 16, 2019
Ep. 26 Capital & Interest in the Austrian Tradition, Part 1 of 3
1:14:54
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 to the "marginal product of capital." Mentioned in the Episode and Other Links of Interest: Bob explains Bohm-Bawerk's critique of: (1) the naive productivity theory, (2) the abstinence theory, and (3) the exploitation theory, of interest. Paul Samuelson's (with identity disclosed) referee reports on Bob's journal articles on capital & interest theory. Bob's doctoral dissertation, in which the final Appendix reconciles Bohm-Bawerk's verbal critique with the standard result that r=MPK. Use Bob's special link to subscribe to Liberty Classroom, where (among other courses) you can get Bob's two courses on the History of Economic Thought. Help support the Bob Murphy Show. The audio production for this episode was provided by Podsworth Media.
Apr 11, 2019
Ep. 25 Discussing MMT Through the Eyes of a Socialist
1:10:45
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. Mentioned in the Episode and Other Links of Interest: Bob's interview with C. Jay Engel on his podcast, Austro-Libertarian. The Jacobin article by Doug Henwood, criticizing MMT from a socialist perspective. The Bob Murphy Show episodes 18 and 24, which both deal with MMT guru Warren Mosler. The audio production for this episode was provided by Podsworth Media.
Apr 04, 2019
Ep. 24 Murphy Dissects His Discussion of MMT With Warren Mosler
1:05:28
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 original interview with Warren Mosler (ep. #18). "The Economic Organization of a P.O.W. Camp," a classic article discussing the birth of cigarette money. John Carney wonders whether the Fed would let a Treasury check bounce. The Federal Reserve's official explainer on how Treasury deposits are handled. Help support the Bob Murphy Show. The audio production for this episode was provided by Podsworth Media.
Mar 27, 2019
Ep. 23 Peter Klein Discusses Christina Romer, Bill Clinton, Israel Kirzner, and Entrepreneurship
1:32:59
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 official page. The infamous Romer-Bernstein unemployment forecast for the Obama stimulus package. Christina Romer's paper (with co-author David Romer) showing large economic effects from tax changes. A "Liberty Matters" debate among Austrian economists (including Klein) on the work of Israel Kirzner. Apply for Mises University. The audio production for this episode was provided by Podsworth Media.
Mar 20, 2019
Ep. 22 Jordan Page Talks and Sings About the Persecution of Schaeffer Cox
1:02:25
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 the Episode and Other Links of Interest: The website dedicated to the case of Schaeffer Cox. Jordan Page's website. The music video of "The Persecution of Schaeffer Cox." The audio of the song, available for purchase. Jordan's song, "Pendulum." Speaking of Bob Dylan, a scene from the 2018 Contra Cruise... The audio production for this episode was provided by Podsworth Media.
Mar 14, 2019
Ep. 21 The God of Social Media Demands Sacrifice, Not Mercy
1:46:38
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 Wikipedia entry, the smears of Jordan Peterson, and--in the interest of fairness--some examples of overreach by "his side" too. Bob wraps up by explaining the harm of this behavior, and how comedians are the only ones left who can speak the truth. Mentioned in the Episode and Other Links of Interest: Scott Alexander's post, "RIP Culture War Thread." Bob's discussion with David Gornoski relating to God demanding mercy, not sacrifice. The Twitter interaction between Nick Sarwark and Bob, in which Bob proves Tom wasn't being coy about his views. The Tom Woods Show episode #1346, in which Tom clearly says (starting around the 54-minute mark) that he thinks prostitution should be legal. The Tom Woods Show episode #1202, in which Tom allows the guest to make the case for abolishing the registry for sex offenders. Bob's Wikipedia entry and his article on evolution. The clip of Jordan Peterson talking to Camille Paglia. Dave Smith and Robbie the Fire discussing (after Roger Stone) the media handling of the Covington students. Help support the Bob Murphy Show. The audio production for this episode was provided by Podsworth Media.
Mar 07, 2019
Ep. 20 Nelson Nash Talks About Leonard Read, Crashing Planes, and Getting the Bankers Out of Your Life
1:24:10
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, Leonard Read. The conversation then turns to the pernicious role that commercial bankers have played in history, and how IBC allows individuals to secede from that evil system. Mentioned in the Episode and Other Links of Interest: The website of the Nelson Nash Institute. Nelson Nash's classic book, Becoming Your Own Banker. Nelson's book (co-authored with Murphy and Carlos Lara), The Case for IBC. The website of the Foundation for Economic Education (FEE). Leonard Read's most famous essay, "I, Pencil." Murphy's talk on "Rothbardians versus 'Free Bankers' on Fractional Reserve Banking" at Mises University. Lew Rockwell interviews John Denson on the "Hidden History of World War I." The audio production for this episode was provided by Podsworth Media.
Mar 05, 2019
Ep. 19 Why Rothbardian Institutions Would Become Nonviolent
1:45:18
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 Episode and Other Links of Interest: Join Tom Woods and Bob Murphy on the Contra Cruise! Bob explains the market for security at Mises University. Bob's article on legalizing blackmail. Help support the Bob Murphy Show. Information on the theme song to the podcast, "Get to Higher Ground." The audio production for this episode was provided by Podsworth Media.
Feb 27, 2019
Ep. 18 Warren Mosler Defends the Essential Insights of Modern Monetary Theory (MMT)
1:33:46
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 website. Warren's definitive book, The Seven Deadly Innocent Frauds of Economic Policy. Warren's policy proposals, in light of MMT. Other MMT proponents: Bill Mitchell, Stephanie Kelton, Randall Wray Murphy and Mosler debate Austrian vs. MMT. Bob's critique of the MMT proposition that government deficits equal private "net saving." The Mosler MT900 (sports car). The QE IV Ferry (designed by Mosler). The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.
Feb 22, 2019
Ep. 17 Alex Tabarrok on Tolerant Rothbardians, the Market for Kidneys, and Potential Security Flaws in Bitcoin
1:25:16
Alex Tabarrok is a professor of economics at George Mason University and co-author (with Tyler Cowen) of the very popular blog, Marginal Revolution. Bob and Alex cover a wide range of topics, including his early experience with Rothbardians, the brief window when economics blogs were the center of discussion, problems with the FDA, how a kidney market might work, and why Bitcoin is not as secure as some of its fans believe. Mentioned in the Episode and Other Links of Interest: Alex Tabarrok's homepage and blog, Marginal Revolution. The online economics courses created by Tabarrok and Cowen, MRUniversity. Cowen & Tabarrok's economics textbooks. Tabarrok's edited collection, The Voluntary City. The Great Debt Debate--an intuitive intro and the epic fable with all of the relevant links. Scott Sumner's book, The Midas Paradox, as well as Murphy's (critical) review of it. Tabarrok blog post on problems with the FDA. Murphy's book (co-authored with Doug McGuff) highlighting flaws with the FDA, The Primal Prescription. Tabarrok on the U.S. organ shortage. Murphy's introductory booklet (co-authored with Silas Barta) on Bitcoin. Tabarrok blog post on why Bitcoin is less secure than most people think. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.
Feb 19, 2019
Ep. 16 Joe Salerno on Economic Calculation, Fractional Reserve Banking, and Stories of Rothbard as White Knight
1:15:27
Joe Salerno is Academic Vice President of the Mises Institute and one of the world's leading economists in the Rothbardian tradition. He discusses his intellectual roots as well as his scholarly work on money and banking. But Bob also asks Joe to recount some of his funny adventures with Murray Rothbard. Mentioned in the Episode and Other Links of Interest: The Mises Institute's Austrian Economics Research Conference (March 22-23, 2019). The new collection from the Mises Institute, Rothbard A to Z. Murray Rothbard's Depressions: Their Cause and Cure. Joe Salerno's lecture on "Calculation and Socialism" (from Mises U 2018). Joe Salerno's essay, "Ludwig von Mises as Currency School Free Banker," as Chapter 5 (p. 95) in (ed.) Jorg Guido Hulsmann's Theory of Money and Fiduciary Media. Murphy's essay summarizing the internal Austrian dispute: "Socialism: The Calculation Problem Is Not the Knowledge Problem."  Tom Woods Show Ep. 1244, "The Professor Everybody Shuns." (Features Michael Rectenwald, a leftist NYU professor who was ostracized when he began questioning some of the tactics of campus activists.) The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.
Feb 13, 2019
Ep. 15 David Gornoski on Biblical Mercy, Scapegoats, and the State as Vehicle of Human Sacrifice
1:44:18
David Gornoski is the creator of "A Neighbor's Choice," a media platform that tells the stories of victims of State violence and which provides healthy alternatives to a violence-based society. David hosts the Orlando-based "A Neighbor's Choice" radio program on WFLA 93.1 FM and 540 AM. Much of his work is an application of René Girard's mimetic theory. Mentioned in the Episode and Other Links of Interest: David Gornoski's YouTube channel. David Gornoski's website. The Mises Institute event in Orlando on Feb. 16, 2019 (featuring both Gornoski and Murphy). A recent episode of David's radio program, "A Neighbor's Choice." The direct link to David's radio program, which (starting in mid-February 2019) will run Mon-Thurs 8-9pm Eastern. An introduction to mimetic theory from Girard himself. The book I See Satan Fall Like Lightning. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.
Feb 06, 2019
Ep. 14 Murphy on Parables, Lizard People, and Good vs. Evil
1:00:36
Bob goes solo, giving the context for his children's book, The Three Lads and the Lizard King. He covers a wide range of related issues, including Jim Carrey's Illuminati "warning" (?), nonviolence, and the sovereignty of God. Mentioned in the Episode and Other Links of Interest: Full information on the book, The Three Lads and the Lizard King. Jim Carrey's secret "Illuminutty" sign on Jimmy Kimmel. G.K. Chesterton's "metaphysical thriller," The Man Who Was Thursday: A Nightmare. Jon Scieska's children's book, Smash! Crash!. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.
Jan 31, 2019
Ep. 13 Dave Smith on Comedy, the Fed, Fatherhood, and Faith
1:45:51
Standup comic and host of "Part of the Problem" Dave Smith joins Bob to talk about the theory and practice of comedy. They also discuss Dave's discovery of Austrian economics, hypocritical leftists, the exasperating Tucker Carlson, and how the birth of his daughter led Dave to God. Mentioned in the Episode and Other Links of Interest: Dave's podcast, Part of the Problem, on GaS Digital. George Carlin's bit on Muhammed Ali. Dave's hilarious comedy special, Libertas. Murray Rothbard's classic essay, "Anatomy of the State." Jon Stewart vs. Paul Krugman. Jon Stewart vs. Jim Cramer. Bob and the Music City Friends of Liberty perform, "Come Together." To contribute to the Bob Murphy Show, click here. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.
Jan 24, 2019
Ep. 12 Gene Epstein on Commies, Krugman, and Crushing Debaters
2:36:39
Gene Epstein, former Barron's economics editor and founder of the Soho Forum, joins Bob for a lively discussion covering a variety of topics. Gene explains that his mother, a card-carrying member of the Communist Party, had an FBI file and was responsible for Gene's original position as a democratic socialist. It was only through his reading of Rothbard's Man, Economy, and State that Gene became a free-market libertarian. Gene recounts his experiences teaching economics and working on the New York Stock Exchange, and shares examples of the abuse of economic statistics as detailed in his book Econospinning. Finally Gene offers Bob some advice for his upcoming debate with Tom Woods. Mentioned in the Episode and Other Links of Interest: Murray Rothbard's Man, Economy, and State (and Bob's free study guide). Gene's books Econospinning and Making Money in Commodities. The Contra Cruise website (which will feature Gene as a guest speaker in July 2019). Bob's book Contra Krugman. The main website for the Soho Forum. Bob's debate with George Selgin at the Soho Forum. DeLong calls Bob a clown who should give up economics. Krugman's eight-week flip-flop on deficits after Trump's election. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.
Jan 17, 2019
Ep. 11 The Economics of Immigration and a Border Wall
1:18:15
Bob flies solo to provide an introductory framework on how to analyze the economics of immigration, as well as the politics involved in this controversial topic. The point isn't to pick sides but to sharpen everyone's arguments. For example: Make sure your arguments about immigration don't "prove" that having babies makes a country poorer. Mentioned in the Episode and Other Links of Interest: A video of the immigration debate at the Soho Forum. Articles by Ben Powell (one and two) on the economics of immigration. Summary of the literature on the "Mariel boatlift" episode. George Borjas' reappraisal of the Mariel episode. Walter Block and Gene Callahan on libertarian rights and immigration. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.
Jan 09, 2019
Ep. 10 This One Simple Fed Trick Earns the Bankers Billions
50:29
Bob flies solo to explain what he means when he tells crowds, "Back in the fall of 2008, as the financial crisis hit, the Fed began paying banks to not make loans to their customers." Specifically, Bob explains the new Fed procedure of "paying interest on reserve balances." As of the Fed's December 2018 meeting, the Fed now pays the banks $40.8 billion on an annual basis--to not make loans to their customers. Mentioned in the Episode and Other Links of Interest: The NY Fed's official explanation of the interest on reserves program. "The Fed paid banks $30 billion in 2017" Business Insider article. David Stockman's The Great Deformation. "Three Flawed Fed Exit Options," a 2011 post from Bob showing how central bank painted itself into a corner. The Three Lads and the Lizard King, Bob's book for his son. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.
Dec 26, 2018
Ep. 9 Norman Horn on Morality and Politics, Christianity and the Troops, and How a Christian Libertarian Handles Romans 13
1:19:12
Norman Horn is the founder and president of the Libertarian Christian Institute. He and Bob have a provocative conversation that will enlighten both believers and skeptics alike. They critically analyze the tendency of American Christians to support war, in its domestic and foreign applications. Norman gives Bob the best, succinct analysis of Romans 13 he has ever encountered. Bob ends (playing devil's advocate) by challenging Norman to explain why the Church isn't just as exploitative as the State. Mentioned in the Episode and Other Links of Interest: Get Started at the Libertarian Christian Institute (LCI) The Libertarian Christian podcast LCI Mission page LCI Facebook page "The Biblical Foundations of Christian Libertarianism" (video) "New Testament Theology of the State" Part 1 and Part 2 Mark Twain's "War Prayer" "Theology Doesn't Begin and End With Romans 13" The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.
Dec 20, 2018
Ep. 8 David R. Henderson on Working in the Reagan Administration, Krugman’s Inflation Memo, and Publicly Challenging the Secretary of Defense
1:45:37
Economist David R. Henderson underwent a personal odyssey in his discovery of free-market economics. David tells Bob the story of his recruitment by Harold Demsetz, and how David ended up at UCLA during its glory days. The conversation turns to David's time on the Council of Economic Advisors to Ronald Reagan, as well as David's unusual position as a professor at the Naval Postgraduate School while he was a columnist for Antiwar.com.           Mentioned in the Episode and Other Links of Interest: David's archives at EconLog. David's books: The Concise Encyclopedia of Economics (online version), The Joy of Freedom: An Economist's Odyssey (2001), and (with co-author Charles L. Hooper) Making Great Decisions in Business and Life (2006) Bob's Journal of Private Enterprise article on the 1970's price controls on crude oil (and Milton Friedman's goof in Newsweek). David's Mercatus paper on "Canada's Budget Triumph" Krugman's inflation memo, awkward in light of his victory laps over Bob's lost inflation bet to David. Bob's book Contra Krugman (which discusses the above events plus a whole lot more!). David on Paul Samuelson predicting a return of depression after WW2 budget cuts. David asks a pointed question of Leon Panetta (beginning at 43:41 in the video). Explanation of Bob's inside joke about Phil Magness and "madjuncts." The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.
Dec 12, 2018
Ep. 7 Gödel Made Easy: Explaining One of the Most Important Mathematical Demonstrations of All Time
1:03:00
Mathematician Kurt Gödel in 1931 published his two famous "incompleteness theorems," which showed the principled limits on the knowledge we could generate from formal axiomatic systems. Loosely speaking, Gödel showed that there exist true statements about numbers that we will never be able to prove are true. His results have been cited not just in mathematics but also computer science and philosophy. In this episode, Bob details more precisely just what Gödel demonstrated, and gives an intuitive explanation of how Gödel did it. Gödel's results are some of the most frequently-cited in the 20th century, and revolutionized how people think about truth and knowledge. Even if you have no formal mathematical background, rest assured that this episode will BLOW YOUR MIND.       Mentioned in the Episode: The Three Lads and the Lizard King, Bob's story (written for his son) that we will review in January 2019. The Wikipedia entry on Gödel's Incompleteness Theorems. "Numberphile"'s YouTube episode on Gödel's Theorems. The Paris-Harrington Theorem, the first "natural" mathematical proposition that is true but unprovable (in a well-defined sense). A conjecture on the ostensible loophole that Gödel discovered in the U.S. Constitution. BONUS (not mentioned in episode): Steve Landsburg's riddle that relies on Gödel's Incompleteness Theorems. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.
Dec 05, 2018
Ep. 6 Steve Landsburg on Learning Economics From Friedman and Stigler
1:29:18
Steve Landsburg went to Chicago to do his graduate work in mathematics but was intrigued by the economics taught by Milton Friedman, George Stigler, Gary Becker, and other luminaries.  We discuss the essence of Chicago price theory, the time when Steve was picketed by campus feminists, how Steve can climb aerial silks like Batman (while Bob looked more like the Penguin), and puzzles from his new book.   Mentioned in the Episode: Can You Outsmart an Economist? Steve Landsburg's new book. The Armchair Economist, one of Steve's earlier classic books. TheBigQuestions.com, Steve's blog. Murphy vs. Landsburg on Krugman's take on government debt burdens. Murphy vs. Landsburg on escalators. Steve gets into trouble when he blogs about Rush Limbaugh and Sandra Fluke. Steve doing aerial silk heroics (one and two). "Carbon Taxes and the 'Tax Interaction Effect,'" EconLib article by Murphy. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.
Nov 28, 2018
Ep. 5 Scott Horton on the Siege of Waco, the Perverse Logic of U.S. Foreign Policy, and How Trump Staved Off a Coup
2:10:05
Antiwar hero and all-around genius Scott Horton joins Bob for a lengthy discussion covering the siege and massacre at Waco, the motivations and perverse logic of the U.S. government's interventions in the Middle East, and how Donald Trump staved off the establishment at the Republican convention and after the general election.     Mentioned in the Episode: Fool's Errand: Time to End the War in Afghanistan book by Scott Horton ScottHorton.org, Scott's website and source for his podcast The Scott Horton Show. Antiwar.com and LibertarianInstitute.org Bill Hicks' bit on US foreign policy. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.
Nov 21, 2018
Ep. 4 A Conversation With Jeff Deist
51:42
In this episode, Bob talks to Mises Institute president Jeff Deist. They discuss Jeff's original goal of being a professor, his time as an attorney, his work as Ron Paul's Chief of Staff, and his insider knowledge of DC politics.       Mentioned in the Episode: Website of the Mises Institute. The Denationalisation of Money, by Friedrich Hayek. "The Chicago School versus the Austrian School," essay by Murphy. "Ben Bernanke, the FDR of Central Banking," book chapter by Murphy. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.
Nov 14, 2018
Ep. 3 Tucker Carlson Is Wrong About Amazon
50:19
In this episode Bob flies solo, taking on the popular idea--embodied in a TV clip by Tucker Carlson but also Bernie Sanders' "Stop BEZOS' Act"--that Amazon, Walmart, and other giant employers offload some of their labor costs onto the taxpayers through the food stamp and similar programs. Bob actually argues that, if anything, these federal programs probably lead Bezos et al. to pay higher hourly wages to workers, especially those in unpleasant jobs.   Mentioned in the Episode: Tucker Carlson's TV spot condemning Bezos. Amazon's deal with the CIA and potential deal with the Pentagon. Bob's article at The Beacon critiquing Tucker Carlson / Bernie Sanders' logic. Bob's new book, Contra Krugman: Smashing the Errors of America's Most Famous Keynesian. ADDED 11/13/2018: Casey Mulligan's Mercatus paper detailing labor disincentives in Affordable Care Act (specifically the 3rd item). The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.
Nov 06, 2018
Ep. 2 A Conversation With Carlos Lara
1:48:02
In this episode, Bob talks to his old friend (and co-author) Carlos Lara. They discuss Carlos' move from Mexico to Texas as a young boy, Carlos' surprising relationship to the JFK assassination, suing the Marines, and how Carlos learned Austrian economics--the hard way.           Mentioned in the Episode: The joint website Bob and Carlos run, Lara-Murphy.com. Their co-authored book, How Privatized Banking Really Works Their book with Nelson Nash, The Case for IBC Paul Cleveland's Understanding the Modern Culture Wars Bastiat's famous booklet, The Law Bob's study guide to Rothbard's Man, Economy, and State. Lara-Murphy Show Origins, Part 1 and Part 2 St. Augustine's City of God Lara-Murphy Report article, "Who Runs the World?" The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.
Nov 06, 2018
Ep. 1 A Conversation With Tom Woods
1:14:05
In this inaugural episode of The Bob Murphy Show, Bob talks to his old friend Tom Woods. They discuss the pros and cons of being captain of the math team, what makes a good historian, and how to give a great speech.         Mentioned in the Episode: Tom's sketch of Aquinas' proof of God. The debate on Jesus' resurrection between Gary Habermas and Antony Flew. Bob's study guide to Ludwig von Mises' Human Action. The video of Bob's talk, promoting his (then) new study guide. Tomsfreebooks.com The podcast that Bob and Tom co-author, ContraKrugman.com. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.
Nov 04, 2018