Bob Murphy Show

The 2022 recipients of the Nobel (Memorial) Prize in Economics were Ben Bernanke, Douglas Diamond, and Philip Dybvig, for their work on understanding the role of banks in financial crises. Bob explains what they did and then comments critically, giving the superior Austrian take.

Mentioned in the Episode and Other Links of Interest:

• Bob's discussion of the Nobel with Jeff Deist on the Human Action podcast.
• The YouTube compilation "Bernanke was wrong."
• Selgin on Diamond-Dybvig (part 1 and part 2). McCulloch and Yu's critique of Diamond-Dybvig.
• The Olin School of Business interview with Dybvig.
• Bob's article "More Than Quibbles..." on fractional reserve banking.
• Block and Barnett on the broader issue of maturity mismatch.
• Help support the Bob Murphy Show.

The audio production for this episode was provided by Podsworth Media.

Mary Theroux is Chairman of the Board of Directors and CEO of the Independent Institute. She was married to the late David Theroux. In this episode, she gives the background on how she and David met, and the early years of the Independent Institute. Along the way she touches on many topics including the CS Lewis Society, the war fever on America's right wing, and the problem of homelessness.

Mentioned in the Episode and Other Links of Interest:

• The YouTube version of this interview.
• A nice tribute to David Theroux from Alex Tabarrok. Tabarrok on bounty hunters.
• David's article on C.S. Lewis.
• Independent Institute's documentary on homelessness. Their series Love Gov.
• Bob's article on Nordhaus' carbon tax in The Independent Review, and his book Choice (published by Independent).
• Help support the Bob Murphy Show.

The audio production for this episode was provided by Podsworth Media.

Bob analyzes the various fallacies involved in the Biden Administration's recent warnings to oil refineries to increase their level of domestic inventories.

Mentioned in the Episode and Other Links of Interest:

• The Bloomberg article on the Biden Admin's warnings to refiners.
• Bob's EconLib article on oil speculators.
• Help support the Bob Murphy Show.

The audio production for this episode was provided by Podsworth Media.

Randy Sadac and Adam Haman of the LP Nevada interview Bob on their Battle Born podcast. Bob makes the case for Texan independence and deals with common objections.

Mentioned in the Episode and Other Links of Interest:

• The YouTube version of this interview.
• The Battle Born podcast.
• Bob's pamphlet COMMON SENSE: The Case for an Independent Texas.
• Help support the Bob Murphy Show.

The audio production for this episode was provided by Podsworth Media.

Jacob Hornberger, founder of the Future of Freedom Foundation (FFF), makes the forceful case that libertarians shouldn't support "school choice" in the form of government vouchers for private schools. Bob plays devil's advocate and raises several points that libertarian proponents of vouchers make.

Mentioned in the Episode and Other Links of Interest:

• The YouTube video of this interview.
• Hornberger's article arguing school vouchers are anti-libertarian.
• Milton Friedman's talk "Say 'No' to Intolerance."
• Sheldon Richman's book, Separating School and State.
• Bob Murphy Show ep. 105 with Corey DeAngelis (who is for school vouchers).
• Madeleine Albright says killings hundreds of thousands of Iraqi children through sanctions was worth it.
• Help support the Bob Murphy Show.

The audio production for this episode was provided by Podsworth Media.

Prompted by his advice to a young student entering a debate competition, Bob describes the way he would explain a Rothbardian free-market society to a skeptical conservative American Christian.

Mentioned in the Episode and Other Links of Interest:

• Bob's essays on private law and military defense in his pamphlet Chaos Theory.
• Bob's journal article on private military defense.
• Walter Block's book on private roads.
• Rothbard's essay on how not to desocialize.
• Help support the Bob Murphy Show.

The audio production for this episode was provided by Podsworth Media.

Bob first pushes back on Tim Pool's recent commentary on interstate labor mobility, then turns to address whether the US is currently in a recession. He explains the role that inventories play in conventional GDP accounting.

Mentioned in the Episode and Other Links of Interest:

• The YouTube source of the Tim Pool clip.
• Bob's article on GDP inventory adjustments.
• Scott Sumner explains problems with using the data to argue for a recession in early 2022.
• Bob and Ryan Griggs on the "predictive" power of the yield curve, and how to reconcile it with Austrian business cycle theory.
• Bob's study (with Fraser co-authors) on Michigan's economic reforms.
• Help support the Bob Murphy Show.

The audio production for this episode was provided by Podsworth Media.

Bob provides a qualified defense of Larry Summers' recent claim that high unemployment will be necessary to contain price inflation.

Mentioned in the Episode and Other Links of Interest:

• The Summers interview featured in the audio clip. The Bloomberg article quoting Summers on how unemployment is necessary to fight inflation.
• Robert Lucas' Nobel Prize lecture that explains the Phillips Curve.
• The Jan 2022 debate between Krugman and Summers on inflation.
• Help support the Bob Murphy Show.

The audio production for this episode was provided by Podsworth Media.



Jason Rink explains his documentaries on the so-called Q-Shaman and Nick Fuentes, as well as the pushback he's received.

Mentioned in the Episode and Other Links of Interest:

• The YouTube video of this interview.
• Jason Rink's posts (here and here) explaining what happened with FreedomFest.
• Bob Murphy Show episode 174 explaining the Viking guy (Q-Shaman).
• Help support the Bob Murphy Show.

The audio production for this episode was provided by Podsworth Media.

Bob seeks to explain why the Fed's extraordinary monetary inflation following the 2008 financial crisis didn't result in $5/gallon gasoline, while the Fed's extraordinary monetary inflation following the 2020 coronavirus panic did.

Mentioned in the Episode and Other Links of Interest:

• Bob's newspaper op ed laying out his explanation.
• Bob's blog post summarizing what happened with his botched price inflation bet.
• Bob’s book on Understanding Money Mechanics, and the chapter explaining the M1 redefinition.
• Bob’s speech for the Mises Institute in Orlando.
• Help support the Bob Murphy Show.

The audio production for this episode was provided by Podsworth Media.