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. 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