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    Education

    Bob Murphy Show

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

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    Copyright: © Copyright 2022 Robert Murphy

    • Apple Podcasts
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    Latest Episodes:
    Ep. 356 Crossover: Adam Haman on How Should Libertarians Think About Voting? Oct 31, 2024

    Adam Haman returns for another crossover, this time discussing Bob's decision to write in "Jesus of Nazareth" for the presidential election.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this episode.
    • Bob's 2016 talk making the case against voting "strategically but immorally."
    • Adam Haman substack and podcast.
    • Help support the Bob Murphy Show.

    Ep. 355 What They Didn’t Tell You About the Scopes Monkey Trial Oct 29, 2024

    The 1925 Scopes Trial ostensibly featured the triumph of science over fundamentalist religion. Bob gives some surprising facts that may change your assessment, including long excerpts from Clarence Darrow's famous cross-examination of William Jennings Bryan.

    Mentioned in the Episode and Other Links of Interest:

    • The complete transcript of the 1925 Scopes trial.
    • The History Channel short on the trial.
    • Excerpt from the Civic Biology textbook that Scopes used.
    • Was Jonah swallowed by a fish or a whale?
    • Bryan's final statement (that he didn't get to deliver to the court).
    • Help support the Bob Murphy Show.

    Ep. 354 Keith Knight on FDR and Pearl Harbor Oct 23, 2024

    Keith Knight of the Libertarian Institute gives the uncomfortable facts about the US entry into World War 2.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Keith Knight's article on atomic bombs and Pearl Harbor.
    • Keith's archive at the Libertarian Institute.
    • Help support the Bob Murphy Show.

    Ep. 353 Crossover: Adam Haman on Elon Musk: Hero or Villain? Oct 17, 2024

    Adam rejoins Bob to discuss SpaceX's recent accomplishment, and how libertarians should assess Elon Musk.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Video on economic viability of Martian colony. Bill Burr on Buzz Aldrin. The movie Capricorn One.
    • BMS episode with Owen Benjamin (questioning the moon landing).
    • Adam Haman substack and podcast.
    • Help support the Bob Murphy Show.

    Ep. 352 The Beauty and Importance of Comparative Advantage Oct 16, 2024

    Bob goes solo to explain Adam Smith's absolute advantage versus David Ricardo's comparative advantage. This important concept underpins civilization itself.

    Mentioned in the Episode and Other Links of Interest:

    • The infineo post on this numerical example.
    • Bob’s book Lessons for the Young Economist has a discussion of comparative advantage (see chapters 8 and 19).
    • Help support the Bob Murphy Show.

    Ep. 351 Crossover: Adam Haman on Drug Legalization, Theory and History Oct 10, 2024

    Haman returns, this time to discuss a recent controversy over the libertarian case for drug legalization.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Haman's episode on Portland.
    • Thornton on Prohibition, an NBER journal article, and Bob's book Lessons for the Young Economist.
    • Help support the Bob Murphy Show.

    Ep. 350 Jason Fry Plans for Peace By Preparing for National Divorce Oct 07, 2024

    Jason Fry discusses his new book, making the case for a peaceful secession.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The website for National Divorce: A Plan for Peace.
    • Details for the 2024 ExPat Money Summit.
    • Help support the Bob Murphy Show.

    Ep. 349 Susanne Gibbs Gives a Quick Start Guide for Homeschooling Parents Oct 06, 2024

    Susanne Gibbs joins Bob to discuss her new book.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Pre-order Susanne Gibbs' book, The Homeschooling Quick Start.
    • Details for the 2024 ExPat Money Summit.
    • Help support the Bob Murphy Show.

    Ep. 348 Crossover: Adam Haman Asks Bob Murphy All About Money Oct 03, 2024

    In another crossover episode with Adam Haman, Bob fields questions--both novice and expert level--on money, through the lens of the Austrian School. They cover the regression theorem, the status of Bitcoin, and the proposal for a trillion dollar platinum coin.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Murphy explanation of Mises' regression theorem.
    • Murphy and Barta pamphlet on Bitcoin.
    • Murphy article on Graeber's critique of Menger.
    • Haman Nature
    • Details for the 2024 ExPat Money Summit.
    • Help support the Bob Murphy Show.

    Ep. 347 Scott Horton on American Interference in the 1996 Russian Election Sep 30, 2024

    Teasing the release of his forthcoming book Provoked, Scott Horton returns to the show to talk about the disastrous role of the US in Russia's transition from communism to capitalism. He also discusses the open American interference in Yeltsin's 1996 reelection.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The Libertarian Institute. Scott's archives.
    • Scott's previous BMS appearance on Waco.
    • Details for the 2024 ExPat Money Summit.
    • Help support the Bob Murphy Show.


    Ep. 346 Crossover: Adam Haman and Bob Murphy Discuss the Provocative LPNH Strategy Sep 26, 2024

    Adam Haman is a professional poker player and amateur libertarian. He and Bob inaugurate a crossover series where they discuss issues relevant to an Austrian crowd. In this episode the topic is the FBI visit to Jeremy Kauffman's home.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The video of the FBI encounter with Kauffman.
    • Adam's post and Bob's episode on the topic.
    • Haman Nature
    • Details for the 2024 ExPat Money Summit.
    • Help support the Bob Murphy Show.

    Ep. 345 Setting the Record Straight on JD Vance Stories About Cats as Well as the CIA Sep 26, 2024

    In an unusual episode, Bob replays the actual footage of Trump talking about "very fine people" and JD Vance saying "we created stories" to show their progressive critics are simply lying. Then Bob reads from the Wikipedia entry on Allen Dulles to highlight the plausibility of "conspiracy theories" about JFK.

    Mentioned in the Episode and Other Links of Interest:

    • Trump's "very fine people" remarks.
    • The Dana Bash interview of JD Vance.
    • The Wikipedia entry for Allen Dulles.
    • Details for the 2024 ExPat Money Summit.
    • Help support the Bob Murphy Show.

    Ep. 344 Bob Murphy Critiques Jeremy Kauffman's Encounter with the FBI Sep 21, 2024

    Bob quotes from Dave Smith saying Kauffman's viral encounter with two FBI agents was "flawless," and then proceeds to document Jeremy's flaws.

    Mentioned in the Episode and Other Links of Interest:

    • Dave Smith's interview of Jeremy Kauffman.
    • Michael Malice interviews Robby Starbuck.
    • Details for the 2024 ExPat Money Summit.
    • Help support the Bob Murphy Show.

    Ep. 343 Allie Clough as the Red Cross in the War Between the Sexes Sep 16, 2024

    Allie Clough is a frequent participant in Twitter's war between the sexes, though she usually acts to de-escalate and provide comfort to the wounded. After discussing such juicy issues, she also talks to Bob about free-market environmentalism.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Allie's Twitter.
    • Details for the 2024 ExPat Money Summit.
    • Help support the Bob Murphy Show.

    Ep. 342 Explaining Darryl Cooper's Churchill Claim to Tucker Carlson Sep 10, 2024

    Darryl Cooper is an amateur historian with a very popular podcast, "Martyr Made." He recently appeared on Tucker Carlson's show to promote his forthcoming series on WW2. During the conversation, Cooper argued Churchill was the "chief villain" of the war. Bob explains Cooper's perspective and defends him from claims of Holocaust denial.

    Mentioned in the Episode and Other Links of Interest:

    • The 3-minute clip of Cooper on Tucker.
    • The full Cooper interview on Tucker Carlson.
    • Dave Smith on the US empire's origin story.
    • Cooper's tweet-thread on why he thinks Churchill was the chief villain.
    • The Martyr Made podcast.
    • Details for the 2024 ExPat Money Summit.
    • Help support the Bob Murphy Show.

    Ep. 341 Vance Ginn on How to Constrain State Spending Growth Sep 09, 2024

    Texas-based economist Vance Ginn explains his proposals on constraining the growth in spending by state governments.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Vance Ginn's homepage.
    • The Sustainable Budget project.
    • Details for the 2024 ExPat Money Summit.
    • Help support the Bob Murphy Show.

    Ep. 340 Bob Burnett On the Concentration of Power in Bitcoin Mining Sep 06, 2024

    Bob Burnett is the Founder and CEO of Barefoot Mining, with decades of experience in computers, including 13 years as the CTO of Gateway. He discusses his talk at the recent Nashville Bitcoin conference, which focused on the concentration of power in Bitcoin mining.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Burnett's Barefoot Mining team.
    • Details for the 2024 ExPat Money Summit.
    • Help support the Bob Murphy Show.

    Ep. 339 An Interdisciplinary Commentary on the Gospel Accounts of Jesus Christ: Installment 5, the Lamb of God Sep 01, 2024

    Bob covers John 1: 19-31 in his Bible commentary series. He states that a lamb was not a "scapegoat" in terms of Jewish animalistic sacrifice for the propitiation of sins (using an RC Sproul clip to explain). Then Bob gives various justifications for the use of a sacrificial lamb, since it seemingly violates our intuitive sense of justice.

    Mentioned in the Episode and Other Links of Interest:

    • The previous episode in this series, i.e. BMS ep 334, Installment 4: the Word Became Flesh.
    • The RC Sproul sermon on Jesus as the Lamb of God.
    • Help support the Bob Murphy Show.

    Ep. 338 The Problems With Kamala Harris' Anti-Price Gouging Proposal Aug 22, 2024

    Bob goes solo to give the standard critique of price ceilings, and then addresses specific responses from progressive supporters of Harris.

    Mentioned in the Episode and Other Links of Interest:

    • Bob's infineo article critiquing Harris' proposal.
    • An academic paper justifying "price controls" in Germany that weren't really price controls.
    • Details for the 2024 ExPat Money Summit.
    • Help support the Bob Murphy Show.

    Ep. 337 Gregory Baus Explains Reformed Libertarianism Aug 16, 2024

    Along with Kerry Baldwin, Gregory Baus co-hosts the Reformed Libertarians podcast. After first explaining Reformed theology in relation to other Christian perspectives, Greg discusses its relevance for libertarians.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The Monetary Metals 12% silver opportunity.
    • Details for the 2024 ExPat Money Summit.
    • About Gregory Baus. The Reformed Libertarians Podcast (RLP).
    • The disestablishment from the time of the English Civil War.
    • Westminster Confession and catechisms.
    • The 5 "Solas."
    • Canons of Dort (TULIP).
    • RC Sproul's series on Reformed Theology.
    • RLP Episode 2, on Romans 13; Episode 3, arguments for anarchism; and Episode 16, elements of Reformed Covenant Theology.
    • Against Civil Establishment of Religion, by Baus.
    • American independence as Presbyterian rebellion.
    • Help support the Bob Murphy Show.

    Ep. 336 Should the US Government Acquire a Bitcoin Reserve? Aug 10, 2024

    Bob weighs the pros and cons of Senator Lummis' recent proposal to build up a strategic Bitcoin reserve.

    Mentioned in the Episode and Other Links of Interest:

    • Bob's article on a strategic Bitcoin reserve.
    • The Monetary Metals 12% silver opportunity.
    • Details for the 2024 ExPat Money Summit.
    • Press release from Senator Lummis on her BITCOIN Act.
    • Bob's article on the USD as reserve currency, and on fractional reserve banking.
    • Ryan McMaken on a Rothbardian defense of government debt default.
    • Help support the Bob Murphy Show.

    Ep. 335 Understanding Rene Girard’s Influence on JD Vance Aug 04, 2024

    David Gornoski, host of A Neighbor's Choice, rejoins Bob to explain how mimetic theorist Rene Girard influence Trump's running mate, via Peter Thiel.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The Monetary Metals 12% silver opportunity.
    • JD Vance's essay on his conversion.
    • David Gornoski's A Neighbor's Choice.
    • Dan McCarthy on the Tom Woods Show is happy with JD Vance.
    • David Gornoski explains Girard on the BMS.
    • Help support the Bob Murphy Show.

    Ep. 334 An Interdisciplinary Commentary on the Gospel Accounts of Jesus Christ: Installment 4, the Word Became Flesh Jul 29, 2024

    Bob covers John 1: 14-18 in his Bible commentary series. He explains his approach to the rest of the commentary series. In this episode he expounds on the grace of Jesus.

    Mentioned in the Episode and Other Links of Interest:

    • The previous episode in this series, i.e. BMS ep. 330, Installment 3: Towards a Grand Unified Theology, the Case of John the Baptist.
    • Help support the Bob Murphy Show.

    Ep. 333 Scott Horton Gives the Full Story of October 7 Jul 23, 2024

    Scott Horton is director of the Libertarian Institute. Prompted by questions from Bob, he explains why Benjamin Netanyahu deliberately propped up Hamas, a strategy that backfired horribly on October 7, 2023.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The Monetary Metals 12% silver opportunity.
    • Donate to the Libertarian Institute. (Bob did!)
    • Scott's article (with Connor Freeman) on how Netanyahu's support for Hamas backfired.
    • Scott's previous appearance on the BMS ep. 285 to discuss Waco.
    • Help support the Bob Murphy Show.

    Ep. 332 Phil Mauriello Explains the Importance of the Chevron Deference Overturn Jul 16, 2024

    Attorney and co-host of the California Underground podcast Phil Mauriello joins Bob to explain the original Supreme Court Chevron ruling, the impact it had, and the legal rationale behind the recent overturning of the doctrine.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The Monetary Metals 12% silver opportunity.
    • Phil Mauriello's bio page at his podcast, "California Underground."
    • Help support the Bob Murphy Show.

    Ep. 331 Dan Kish on the Energy Bureaucrats Killing Baby Seals Jul 09, 2024

    Dan Kish is Senior Vice President of Policy at the Institute for Energy Research (IER). After a career in DC and the energy industry, he shares his war stories with Bob.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The Monetary Metals 12% silver opportunity.
    • Dan Kish's page at the Institute for Energy Research.
    • The "North American Energy Inventory" put out by the Institute for Energy Research (IER).
    • Murphy's journal article on the crude oil price controls of the 1970s.
    • Help support the Bob Murphy Show.

    Ep. 330 An Interdisciplinary Commentary on the Gospel Accounts of Jesus Christ: Installment 3, Towards a Grand Unified Theology, the Case of John the Baptist Jul 05, 2024

    Bob covers John 1: 6-13 in his Bible commentary series. He likens the Arminian vs. Calvinist divide to General Relativity vs. quantum theory in physics, where both approaches are correct in their realm but--in their current versions--are incompatible.

    Mentioned in the Episode and Other Links of Interest:

    • The previous episode in this series, i.e. BMS 305, Installment 2, Jesus as Logos.
    • The BMS episode with Steve Patterson, covering mind-body dualism.
    • RC Sproul on the TULIP of Calvinism. Leighton Flowers' Provisionism.
    • RC Sproul on John the Baptist as the last Old Testament prophet.
    • Help support the Bob Murphy Show.

    Ep. 329 Steve Patterson and Bob Murphy Offer Competing Resolutions to the Mind-Body Problem Jun 25, 2024

    Steve Patterson returns, this time trying to solve the mind-body problem with Bob.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Steve Patterson's attempted solution to the mind-body problem.
    • Steve's website.
    • Murphy's talk about dualism in Mises.
    • "Voltaire vs. Leibniz" (in verse). An explainer on Leibniz's optimism.
    • The EPR paradox.
    • Help support the Bob Murphy Show.

    Ep. 328 New York Legend David Angelo on Confidence, Comedy, and Who Would Build the Roads Jun 19, 2024

    David Angelo is a stand-up comedian in New York City. He joins Bob to discuss his career in comedy, with a focus on his new special, "New York Legend."

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • David Angelo's special "New York Legend." His "Brain Attack" analysis of the media, and his "Without Taxes, Who Would Build the Roads??"
    • David's razors.
    • Help support the Bob Murphy Show.

    Ep. 327 No, Jacob Hornberger Does Not Belong In an Insane Asylum Jun 15, 2024

    Bob reacts to a recent exchange between Michael Malice and Angela McArdle, in which they described Jacob Hornberger as insane for his views on the Covid lockdowns and school vouchers.

    Mentioned in the Episode and Other Links of Interest:

    • "Your Welcome" ep. 314 with Angela McArdle.
    • The LP debate in Georgia. Clint Russell asks his question starting around 1h35m mark.
    • Murray Rothbard in For a New Liberty giving tepid support for school vouchers, and ripping them (p. 51) from a 1971 article. Ron Paul's ambivalent stance (quoted in the 11th bullet point).
    • BMS ep. 248 with Jacob Hornberger opposing school vouchers.
    • Help support the Bob Murphy Show.

    Ep. 326 Bob Murphy Runs Luke Avery's Gauntlet Jun 13, 2024

    Luke Avery has Bob on to discuss a "Choose Your Own Adventure" series of questions, ranging from UBI to artificial intelligence to elite theory.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Help support the Bob Murphy Show.

    Ep. 325 Continuing the Fractional Reserve Debate in Light of Selgin and White's Response Jun 11, 2024

    In BMS ep. 322, Bob criticized a recent interview of George Selgin regarding the lack of historical examples of 100% reserve banking. In this episode, Bob responses to George's pushback (on Twitter) and also Larry White's in-print response to Rothbard's old critique of the Scottish "free banking" episode.

    Mentioned in the Episode and Other Links of Interest:

    • What started this fiasco: BMS ep. 322, "Selgin vs. Selgin."
    • Rothbard's critique of Larry White on the Scottish episode (starts p. 859). White's response (chap. 3).
    • John Cochrane on The Narrow Bank. Selgin's contrarian take.
    • Selgin on the history of 100% reserve banks.
    • Block and Barnett on maturity mismatching.
    • Murphy’s journal article critiquing the Selgin/White view of fractional reserve free banking. Murphy's book Understanding Money Mechanics.
    • Help support the Bob Murphy Show.

    Ep. 324 Clint Russell on Baldness, Housing, and LP Hijinx Jun 07, 2024

    Clint Russell is host of the Liberty Lockdown podcast, and recently ran to be the Vice Presidential candidate for the Libertarian Party. As a former mortgage broker, Clint also discusses the housing market.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Clint Russell's podcast Liberty Lockdown, and his Twitter account.
    • Help support the Bob Murphy Show.

    Ep. 323 Ed Mabrie on Modern Physics Supporting the Bible Jun 03, 2024

    Ed Mabrie founded the Faith By Reason platform to show how the findings of modern science dovetail with a Biblical worldview. He discusses his background and some of the major themes with Bob.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Ed Mabrie's Faith By Reason website.
    • Help support the Bob Murphy Show.

    Ep. 322 Selgin vs. Selgin: The Debate Over Fractional Reserve Banking May 30, 2024

    Bob responds to a recent interview where George Selgin says the historical record proves that fractional reserve banking is a market outcome. Bob gives two separate reasons, and ironically plays different Selgin clips to validate each of them.

    Mentioned in the Episode and Other Links of Interest:

    • Selgin's interview on free banking. His debate with Murphy at the Soho Forum. And his recent interview with David Beckworth on Custodia.
    • Murphy interviews Selgin on banks as credit intermediaries.
    • John Cochrane on The Narrow Bank.
    • Murphy's journal article critiquing the Selgin/White view of fractional reserve free banking.
    • Help support the Bob Murphy Show.

    Ep. 321 Bob's CliffsNotes on the Dave Smith/Simon Guenzl Open Borders Debate May 18, 2024

    Bob reviews his interviews with Dave Smith and then Simon Guenzl on whether libertarians should support Open Borders. Specifically, Bob focuses on the status of government-controlled property vis-a-vis libertarian theory.

    Mentioned in the Episode and Other Links of Interest:

    • Bob's Human Action podcast interviews with Dave Smith (anti Open Borders) and Simon Guenzl (pro).
    • Guenzl's paper (pdf) on the immigration debate.
    • Sheldon Richman book reviews a "refreshing" take on immigration.
    • BMS ep. 194 where Bob explains his vision of how a free society would handle immigration.
    • The link to Monetary Metals.
    • Help support the Bob Murphy Show.



    Ep. 320 Philosopher Michael Huemer on the Problem of Political Authority May 10, 2024

    With a PhD from Rutgers, University of Colorado Professor Michael Huemer joins Bob to discuss his approach to anarcho-capitalism laid out in his book, The Problem of Political Authority.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Michael Huemer's website and his blog.
    • Huemer's Amazon author page.
    • The link to Monetary Metals.
    • Help support the Bob Murphy Show.

    Ep. 319 A Summary of the Intelligent Design (ID) Landscape May 04, 2024

    Bob gives an overview of the Intelligent Design landscape, focusing on three of its leading members: Michael Behe, William Dembski, and Stephen Meyer. He explains what ID is, some of its major concepts, and tackles some common objections.

    Mentioned in the Episode and Other Links of Interest:

    • Stephen Meyer talking about the return of the God hypothesis.
    • Short video on the bacterial flagellum.
    • BMS ep. 111 Winston Ewert on applying computer science to ID.
    • Dembski talking about 2nd edition of The Design Inference.
    • Two ID scholars critically assess the "origin of life" research.
    • Casey Lunkin on the changing scientific view of "junk DNA."
    • The link to Monetary Metals.
    • Help support the Bob Murphy Show.

    Ep. 318 What If Aliens Made Every American an An-Cap? Apr 27, 2024

    Tom Jenney joins Bob to discuss his intriguing book project, American Futures.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Tom Jenney's book, American Futures.
    • The link to Monetary Metals.
    • Help support the Bob Murphy Show.

    Ep. 317 Murphy Updates His Economic Outlook for the US Apr 16, 2024

    Bob explains his current thinking on the US economy, specifically in relation to CPI inflation, employment, and the yield curve / recession.

    Mentioned in the Episode and Other Links of Interest:

    • The article containing many of the graphs alluded to in this episode.
    • NOTE: Bob in the audio says there is a video version, but he decided it would hold up release of the episode too long; interested readers should refer to the article while listening to his discussion.
    • Bob's article on the yield curve and recession.
    • The link to Monetary Metals.
    • Help support the Bob Murphy Show.

    Ep. 316 Stephan Kinsella on Rothbard’s Contributions to Legal Theory Apr 12, 2024

    Stephan joins Bob to discuss his new book, Legal Foundations of a Free Society. They cover Rothbard's contributions to legal theory, as well as Bob and Stephan's differing entry points into libertarianism.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Stephan's new book.
    • Stephan's website.
    • Stephan's previous appearance on BMS ep. 79.
    • The link to Monetary Metals.
    • Help support the Bob Murphy Show.

    Ep. 315 Caesar's Realm, God's Kingdom: Anarchism as a Biblical Response to Earthly Power Apr 02, 2024

    On March 27, 2024, Bob delivered this talk (as one of several) to the Free Enterprise Society at Oklahoma State University.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Bob's previous night's talk on private law & defense.
    • BMS 305, Jesus as Logos.
    • BMS 310, the guest makes the point about "turn the other cheek" reference in this talk.
    • Help support the Bob Murphy Show.


    Ep. 314 WInston Ewert Asks: Is the Human Mind a Computer? Mar 29, 2024

    Winston Ewert is a computer scientist and mathematician with numerous publications in the Intelligent Design (ID) field, including co-authored works with William Dembski. He joins Bob to discuss his recently published essay (a chapter in a collection) on the algorithmic model of the human mind.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The website featuring the new book, and a blog post referring to Winston's particular chapter.
    • Winston Ewert's website.
    • Help support the Bob Murphy Show.

    Ep. 313 David Ramsay Steele on the Spirit World and George Orwell Mar 19, 2024

    David Ramsay Steele has a new collection of essays out, and he joins Bob to discuss. Much of the conversation focuses on whether it makes sense to believe in spirits, as well as the life and changing views of George Orwell.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The Amazon entry for DRS's new book.
    • Why Machines Will Never Rule the World (referenced by the guest).
    • Help support the Bob Murphy Show.



    Ep. 312 JP Cortez Pushes For Sound Money at the State Level Mar 08, 2024

    JP Cortez is Executive Director of the Sound Money Defense League. He joins Bob to discuss the League's strategy and their various successes.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The website of the Sound Money Defense League.
    • Robert Murphy's Understanding Money Mechanics.
    • Help support the Bob Murphy Show.

    Ep. 311 Sheldon Richman on Israel and the Libertarian Movement Mar 03, 2024

    Sheldon Richman is an OG of the libertarian cause. Among other positions, he is currently Executive Editor at the Libertarian Institute. He joins Bob to discuss the Israeli/Palestinian conflict, and reflects on his decades in the movement.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Sheldon's archives at the Libertarian Institute.
    • Sheldon's books Coming to Palestine, and What Social Animals Owe to Each Other.
    • John Hasnas' paper, "Toward a Theory of Empirical Natural Rights."
    • Help support the Bob Murphy Show.

    Ep. 310 Domenic Scarcella Argues Jesus Is a Good Neighbor But Bad Citizen Feb 17, 2024

    Domenic Scarcella discusses his new book, which makes the case that Jesus' teachings and actions show Christians they should be good neighbors, but (in a sense) bad citizens. Bob pushes back at points to clarify what Domenic's position truly is.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The Amazon link to the book.
    • Domenic's substack dedicated to the book.
    • Help support the Bob Murphy Show.

    Ep. 309 Gene Callahan on the Failure of Liberal Neutrality Jan 30, 2024

    Gene Callahan teaches computer science at NYU and is the author of Economics for Real People. He joins Bob to discuss the inner contradictions of liberal neutrality. They also discuss AI and whether computers can really learn.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The crazy fact about colliding blocks and pi.
    • Gene Callahan's author page at Amazon.
    • Gene's blog post on Euler's identity.
    • Previous BMS episodes featuring Keith Knight on progressives' domestic imperialism, the Logos, the Satanic monument, and Bob's rediscovery of Molinism.
    • Help support the Bob Murphy Show.

    Ep. 308 To the Moon! Owen Benjamin Tells Bob Murphy Why Anarchism Fails Jan 25, 2024

    Professional comedian Owen Benjamin joins Bob to discuss the attempt to de-platform him, the shape of the earth, and whether we need a strong State to protect financial integrity and children.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Owen Benjamin's website and Twitter account.
    • Help support the Bob Murphy Show.

    Ep. 307 All I Needed to Know About Leadership I Learned from the Transformers Movie Jan 19, 2024

    Bob gives a dense commentary on the 1986 animated classic, explaining how the initially reckless Hot Rod rises from the ranks to become the successor to Optimus Prime.

    Mentioned in the Episode and Other Links of Interest:

    • The full Transformers movie (1986).
    • Help support the Bob Murphy Show.

    Ep. 306 Keith Knight on Progressives' Domestic Imperialism Jan 17, 2024

    In his new book published by the Libertarian Institute, Keith Knight explains why he left progressivism. They could see the problems of foreign imperialism, but they cheered it domestically. A fast-paced discussion.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Keith Knight's new book.
    • Keith's archive at the Libertarian Institute.
    • Help support the Bob Murphy Show.

    Ep. 305 An Interdisciplinary Commentary on the Gospel Accounts of Jesus Christ: Installment 2, Jesus as Logos Jan 08, 2024

    Bob continues his miniseries, focusing on John 1: 1-5. Bob makes the case that we should be marveling at the unreasonable effectiveness of semantics in the social sciences. There is meaning packed into every field of human inquiry, and this sheds light on the prologue to the gospel of John.

    Mentioned in the Episode and Other Links of Interest:

    • The previous episode in this series, i.e. BMS ep 304, installment 1, introduction.
    • Dawkins talking to Steve Pinker on language acquisition.
    • Bob's conversation with GPT-4.
    • "Why Math Works."
    • A video on imaginary interest rates (relevant to Euler's identity). A video from the same series on Euler's formula.
    • BMS ep 138, "Why the Left Hates Christianity." BMS ep 303, "Jonathan Bartlett on Random Mutations Not Being So Random." BMS ep 257 on Hans Hoppe and synthetic a priori.
    • An excellent introduction to how Large Language Models work. How neural networks work (example of reading handwritten numerals).
    • A good example of a cool YouTube video on the Mandelbrot set.
    • Study notes for Daniel Dennett's Consciousness Explained.
    • Help support the Bob Murphy Show.

    Ep. 304 An Interdisciplinary Commentary on the Gospel Accounts of Jesus Christ: Installment 1, Introduction Jan 02, 2024

    Bob launches a new miniseries, and starts by summarizing his chapter for a Festschrift in honor of Walter Block.

    Mentioned in the Episode and Other Links of Interest:

    • [As of release, no information was available on the actual collection in honor of Walter. RPM will update when available.]
    • Callahan and Murphy's critique of Hans Hoppe's argumentation ethics.
    • Help support the Bob Murphy Show.

    Ep. 303 Jonathan Bartlett Explains How Random Mutations Aren’t Always So Random Dec 31, 2023

    Jonathan Bartlett is a prolific software engineer and textbook author who has published peer-reviewed articles on the information embedded in biological organisms. He joins Bob to discuss two of his recent papers, highlighting a distinction in the term "random mutation" that has great relevance for the Intelligent Design debate.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Jonathan Bartlett's archives at the Discovery Institute.
    • The first journal article from the interview, then the second.
    • The MindMatters site.
    • Help support the Bob Murphy Show.

    Ep. 302 Satan Has Perverted the Classical Liberal Project Dec 23, 2023

    Bob goes solo to argue that our current institutional framework in the US isn't arbitrary; it was hijacked by the evil one. He illustrates with the recent examples of the Satanic Temple in Iowa and the three university presidents who seemed to excuse calls for genocide.

    Mentioned in the Episode and Other Links of Interest:

    • Rep. Jon Dunwell's tweet thread.
    • The full Congressional hearing involving the three university presidents (relevant exchange starts at 5:04:24.)
    • Help support the Bob Murphy Show.

    Ep. 301 Max Borders on UNDERthrowing Tyrannical Regimes Dec 21, 2023

    Max Borders is Executive Director of Social Evolution. He has a freewheeling discussion with Bob on UNDERthrowing--rather than overthrowing--unjust regimes.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Max Borders' organization, Social Evolution.
    • Max's Medium archive.
    • Jordan Peterson's closing speech at ARC.
    • Help support the Bob Murphy Show.

    Ep. 300 David Gornoski on how the Israel/Hamas Propaganda War Shows Triumph of Christ Dec 13, 2023

    David Gornoski uses Rene Girard's mimetic framework to show how the modern world has been transformed by the Christian account. He applies it in this discussion to the propaganda war in the Middle East.

    Mentioned in the Episode and Other Links of Interest:

    • David Gornoski's WND article on the topic.
    • Gornoski's show, A Neighbor's Choice.
    • A previous Gornoski appearance on ep. 15 discussing sacrifice.
    • Help support the Bob Murphy Show.

    Ep. 299 Bob Murphy Critiques 3 MMT Talking Points Dec 02, 2023

    Bob goes solo to explain and critique three popular arguments put forward by the leaders of Modern Monetary Theory (MMT).

    Mentioned in the Episode and Other Links of Interest:

    • Phil Labonte's reaction to Nina Turner.
    • A Murphy Medium post showcasing Kelton's claim about checking vs. savings accounts.
    • Bob's review of Kelton's book, The Deficit Myth.
    • Help support the Bob Murphy Show.

    Ep. 298 Steve Landsburg on the Math Genius Grothendieck Nov 27, 2023

    Steve joins Bob to discuss the life and revolutionary approach to mathematicians of Alexander Grothendieck.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Steve's blog post and here on Grothendieck.
    • Steve's list of articles referencing Grothendieck.
    • Steve's books.
    • Steve's previous appearance on the BMS.
    • Help support the Bob Murphy Show.

    Ep. 297 Dan Sanchez on Keeping the Faith Through Sickness, and Spreading Economic Education Nov 19, 2023

    Dan Sanchez is Director of Content at the Foundation for Economic Education (FEE). He explains some of FEE's new initiatives to teach free-market economics, but he first details his recently diagnosed medical condition and how his faith has been carrying him through the ordeal.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Dan writes on his diagnosis. Dan writes on the proper role of doctors.
    • At FEE, the Hazlitt Project and Read Academy.
    • Help support the Bob Murphy Show.

    Ep. 296 Jacob Winograd Explores What Exactly We're Supposed to Render to Caesar Nov 14, 2023

    Jacob Winograd is the creator of the Biblical Anarchy podcast under the auspices of the Libertarian Christian Institute. He joins Bob to discuss the famous passages from the New Testament where Christians are ostensibly told to pay their taxes and obey the government.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Jacob's Biblical Anarchy Podcast.
    • Jeff Barr's article on rendering unto Caesar.
    • Help support the Bob Murphy Show.

    Ep. 295 Christian Hubbs Presents the Historical Evidence for Jesus’ Resurrection Oct 29, 2023

    Christian Hubbs has a PhD in machine learning from Carnegie Mellon, and a Masters in Christian philosophy and apologetics from Biola. He makes a secular case for the resurrection of Jesus of Nazareth.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Bob's analysis of William Lane Craig's opening statement against Christopher Hitchens.
    • William Lane Craig responses to Bart Ehrman.
    • Lutheran satire on Ishtar Ruins Easter!
    • Help support the Bob Murphy Show.

    Ep. 294 Steve Keen on What’s Wrong With Neoclassical Economics Oct 21, 2023

    Steve Keen joins Bob to commiserate on the poverty of Paul Krugman, and to make the case for Hyman Minksy. An all around fun, informative conversation.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Steve Keen's substack and Patreon.
    • Steve Keen's Debunking Economics podcast.
    • Bob's recent appearance on the Steve Keen & Friends podcast.
    • Gene Callahan and Bob Murphy review of Keen's Debunking Economics.
    • Bob's article on Paul Samuelson's "A Summing Up" (from the Cambridge Capital Controversy).
    • Bob's article on Eugene Fama on the housing bubble.
    • Bob's critique of Nordhaus' DICE model.
    • Help support the Bob Murphy Show.

    Ep. 293 Ron Simmons on Succeeding in Life and Business Oct 17, 2023

    Ron Simmons joins Bob for a delightful discussion about his new book Life Lessons from the Little Red Wagon, full of wisdom and common sense.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Ron Simmons' new book, Life Lessons from the Little Red Wagon.
    • Help support the Bob Murphy Show.


    Ep. 292 Adam Haman on Why Robert Redford Is a Better Looker Than Poker Player Oct 11, 2023

    In this frolicking episode, professional poker player Adam Haman comes on to discuss movie depictions of poker. He also talks with Bob about his activity in the LP, and then deeper issues of epistemology and theology.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Adam's (co-hosted) podcast Natural Order.
    • Trailer for the movie "Havana."
    • Help support the Bob Murphy Show.

    Ep. 291 Douglas Robert Uses MMT to Challenge Bob’s Recession Call Oct 03, 2023

    Douglas Robert is a recovering Austrian who subscribes to the MMT framework as being the most useful for trading. He has a friendly debate with Bob over the inverted yield curve and whether a recession is at hand.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Douglas Robert's critique of Bob Murphy on yield curve.
    • Douglas Robert's YouTube channel.
    • Bob's article on Canadian expansionary austerity.
    • Warren Mosler versus Robert Murphy debate.
    • BMS episode featuring Warren Mosler.
    • Bob's recent critique of Mosler's view on interest rates.
    • Help support the Bob Murphy Show.

    Ep. 290 Robert Barnes on the Proud Boys Jan. 6 Convictions Sep 25, 2023

    Robert Barnes is a lawyer specializing in constitutional issues, who has defended several celebrity clients including Wesley Snipes and Alex Jones. He joins Bob to discuss the legal perversions surrounding the recent convictions of several Proud Boys members for their role in the Jan. 6 protest/riot at the Capitol.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Robert Barnes' Locals community. His law practice website.
    • Bob Murphy's critique of plea deals in context of Proud Boys.
    • Help support the Bob Murphy Show.

    Ep. 289 Gene Epstein Takes Bob to the Woodshed Over Dubious Wage Data Sep 16, 2023

    Gene Epstein is disappointed in Bob's kid-glove treatment of Oren Cass' critique of American capitalism, and explains some of the problems with the data that Oren relied upon to make his case.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Oren Cass' controversial interview on BMS ep. 283.
    • Oren Cass debates Cato scholar at Soho Foum on government intervention in manufacturing.
    • Main website for Gene Epstein's Soho Forum.
    • Help support the Bob Murphy Show.

    Ep. 288 Do Libertarian Conspiracy Theories Violate Austrian Economics? Sep 06, 2023

    Bob uses a recent exchange between Dave Smith and reason's Liz Wolfe to analyze the apparent tension between libertarian allegations of coordinated skullduggery and the Austrian critique of socialism.

    Mentioned in the Episode and Other Links of Interest:

    • The Part of the Problem episode featuring Liz Wolfe.
    • Bob's pamphlet Chaos Theory, his Libertarian Papers article on private military defense, and a Mises U lecture on private military defense.
    • Help support the Bob Murphy Show.

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

    Ep. 287 Ian Deters Defends the Use of Infinity in Higher Mathematics Sep 05, 2023

    Back on BMS ep. 229, Bob invited Steve Patterson back to the show to discuss Riemann's Rearrangement Theorem, which was such a counterintuitive result that Bob changed his mind and agreed with Steve that mathematicians had smuggled nonsense into their field. Math PhD Ian Deters now joins Bob to defend the use of infinity in higher mathematics.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview (with mathematical images overlaid).
    • The BMS ep 229 featuring Steve Patterson's critique of infinity.
    • Help support the Bob Murphy Show.

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

    Ep. 286 Scoring the Debate Over God Between William Lane Craig and Christopher Hitchens, Part 2 Aug 16, 2023

    After having parsed William Lane Craig's opening statement making the case for theism, Bob now evaluates Christopher Hitchens' opening. He concludes that Hitchens hardly responded at all to Craig, and spent most of his time criticizing Christianity rather than theism.

    Mentioned in the Episode and Other Links of Interest:

    • The April 4, 2009 debate between William Lane Craig and Christopher Hitchens.
    • Bob's analysis of Craig's opening argument, in BMS ep. 282.
    • Help support the Bob Murphy Show.

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

    Ep. 285 Scott Horton Gives the Essentials of the Waco Tragedy Aug 07, 2023

    Scott Horton recently released a special production on Waco that clocked in at almost 13 hours. He joins Bob to discuss the essentials of the story, covering all aspects of the tragedy, starting with the religious views of the Davidians and ending with the absurd trial of the survivors.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview (with BONUS video features of infrared analysis).
    • Scott Horton's 13-hour tour de force, "The Waco Tragedy."
    • The YouTube version of Waco: The Rules of Engagement.
    • BMS ep. 5 featuring Scott Horton.
    • Help support the Bob Murphy Show.

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

    Ep. 284 Vance Ginn Interviews Bob Murphy on the Business Cycle and Weaknesses in Free Market Rhetoric Aug 04, 2023

    Vance Ginn recently had Bob on his podcast, "Let People Prosper!"

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Vance Ginn's podcast, Let People Prosper!
    • Bob's EconLib article on privatizing federal assets.
    • Oren Cass on the Bob Murphy Show.
    • Help support the Bob Murphy Show.

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

    Ep. 283 Oren Cass Warns Conservatives to Rethink Economic Libertarianism Jul 29, 2023

    Oren Cass is the founder of American Compass, which has a new handbook advising conservatives on how to rebuild American capitalism. Bob provides a skeptical but friendly forum for Oren to explain his dissatisfaction with the standard libertarian position on free trade and labor unions.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The American Compass Handbook for Conservative Policymakers.
    • Oren Cass on Contra Krugman (talking ObamaCare) and on a 2020 episode of the Bob Murphy Show.
    • Oren's article "Policy-Based Evidence Making."
    • Bob's summary of Oren's Congressional testimony on climate change damage, Parts 1, 2, and 3.
    • Help support the Bob Murphy Show.

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

    Ep. 282 Scoring the Debate Over God Between William Lane Craig and Christopher Hitchens, Part 1 Jul 23, 2023

    In 2009 the Christian philosopher William Lane Craig debated Christopher Hitchens on the existence of God. In this episode Bob evaluates the 20-minute opening statement from Craig.

    Mentioned in the Episode and Other Links of Interest:

    • The debate between Craig and Hitchens.
    • Wikipedia entry on fine-tuning argument.
    • Tom Woods on classical First Mover argument.
    • Help support the Bob Murphy Show.

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

    Ep. 281 Murphy vs. Twitter Econ Jul 18, 2023

    Bob tackles recent tweets by Joe Weisenthal and Elon Musk to clarify the Austrian views on recessions and money.

    Mentioned in the Episode and Other Links of Interest:

    • The Elon tweet and the Joe Weisenthal tweet.
    • Bob's book Understanding Money Mechanics.
    • Help support the Bob Murphy Show.

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

    Ep. 280 The Theory and History Needed to Refute Keynesianism and MMT Jul 08, 2023

    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 the mid-1990s.

    Mentioned in the Episode and Other Links of Interest:

    • The Human Action podcast episode that is the prequel to this BMS episode.
    • Mosler interview on the Forward Guidance podcast.
    • Bob's debate with Mosler at Columbia.
    • Krugman vs. the ECB list of examples of expansionary austerity. (See Krugman's blog post too.)
    • Bob’s EconLib article discussing Canadian fiscal turnaround.
    • JP Koning post on why the Treasury can't overdraft since 1981.
    • An AEI post showing the Romer-Bernstein Obama stimulus package unemployment prediction vs. reality.
    • Bob's critique of David Friedman on housing prices.
    • Help support the Bob Murphy Show.

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

    Ep. 279 Disputio: A Real-World Application of Voluntary Dispute Resolution Jul 02, 2023

    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 Murphy Show.

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

    Ep. 278 Murphy on Reparations, SuperAI, and Investment Implications Jun 24, 2023

    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 (with guests Mark Thornton and Jeffrey Rogers Hummel).
    • Why SuperAIs won't steal our jobs or slaughter us, Parts 1 and 2.
    • Help support the Bob Murphy Show.

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

    Ep. 277 Lawrence Ludlow on Romans 13 Being Spiritual not Political Jun 21, 2023

    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 this interview.
    • Norman Horn on the BMS to talk Romans 13.
    • Jeff Barr's analysis of "Render unto Caesar."
    • A History of the Bible. A book on the transmission of the New Testament.
    • Help support the Bob Murphy Show.

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

    Ep. 276 Even Milton Friedman Slipped in His Defense of Trade Deficits Jun 10, 2023

    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 weren't as dumb as modern economists claim.

    Mentioned in the Episode and Other Links of Interest:

    • Twitter thread with Friedman clip (and some of Bob's response).
    • Bob responding to a similar mistake by the WSJ editors.
    • Bob Murphy Show episode on reparations and AI.
    • Help support the Bob Murphy Show.

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

    Ep. 275 Why the SuperAIs Won't Steal Our Jobs or Slaughter Us, Part 2 Jun 01, 2023

    Bob uses comparative advantage to to argue that human workers will always find a place in the economy, regardless of how productive super-AI systems may become. He then addresses the fear that superAIs will simply rearrange our molecules for building material.

    Mentioned in the Episode and Other Links of Interest:

    • Part 1 of this series.
    • Eliezer Yudkowski tweets on true threat of AI.
    • Bob Murphy Show episode on reparations and AI.
    • Help support the Bob Murphy Show.

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

    Ep. 274 Why the SuperAIs Won't Steal Our Jobs or Slaughter Us, Part 1 May 26, 2023

    Bob uses basic economics to argue that human workers will always find a place in the economy, regardless of how productive super-AI systems may become.

    Mentioned in the Episode and Other Links of Interest:

    • Bob Murphy Show episode on reparations and AI.
    • Help support the Bob Murphy Show.

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

    Ep. 273 The Austrian Theory of Interest, Current and Future May 24, 2023

    For a chapter in Per Bylund's new collection, Bob explained the pure time preference theory (PTPT) of interest, and then offered suggestions for future work on an Austrian theory of interest. He summarizes his chapter in this episode.

    Mentioned in the Episode and Other Links of Interest:

    • Per Bylund's 2022 edited collection.
    • Part 1 and Part 2 and Part 3 in the series on Capital & Interest in the Austrian tradition (BMS ep. 26 and 28 and 31).
    • Bob’s doctoral dissertation, in which the second and third essays elaborate on the main elements of this episode.
    • The Bob Murphy Show interview with Jeff Herbener.
    • Bob's mises.org article summarizing Bohm-Bawerk's critique of the exploitation theory of interest (and in the article the are links early on to two other BB critiques).
    • Help support the Bob Murphy Show.

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

    Ep. 272 More on Voluntary Law, and Comments on the Open Borders Controversy May 19, 2023

    Bob elaborates on law enforcement in a voluntary society, and then offers commentary on Dave Smith's Twitter feuds regarding Open Borders.

    Mentioned in the Episode and Other Links of Interest:

    • Bob's previous discussion of voluntary law.
    • Help support the Bob Murphy Show.

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

    Ep. 271 The Economics of Reparations and the Danger of AI May 17, 2023

    Bob first explains his long-held position on the economics of slavery and reparations, and then applies it to the debate over the danger of superintelligent machines.

    Mentioned in the Episode and Other Links of Interest:

    • Matt Walsh rips on Ryan McMaken and (indirectly) Murphy.
    • Bob Murphy Show episodes on economics of slavery, with Jeffrey Rogers Hummel and Mark Thornton.
    • Help support the Bob Murphy Show.

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

    Ep. 270 Introducing infineo Marrying Whole Life with Blockchain Technology May 12, 2023

    Bob officially describes his new role as Chief Economist with infineo. He first explains the mechanics of Whole Life insurance policies and their use as cash management vehicles. Then Bob summarizes the first infineo whitepaper, which explains the $SOUND token, a security token that represents a fractional claim on the aggregate cash value of a pool of Whole Life policies.

    Mentioned in the Episode and Other Links of Interest:

    • The infineo website.
    • Bob's podcast with Cole Snell, FOUNDERS FORUM.
    • Link to view infineo whitepaper 1.
    • Help support the Bob Murphy Show.

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

    Ep. 269 Responding to Sam Seder on Private Law May 10, 2023

    Bob goes through a Sam Seder episode to explain how a voluntary society could provide a rule of law.

    Mentioned in the Episode and Other Links of Interest:

    • The Majority Report episode featuring ancap debate.
    • Rohan Grey's response to Murphy MMT debate.
    • BMS ep. 130 with Rohan Grey.
    • Murphy pamphlet Chaos Theory and lecture on private law.
    • Murphy essay, "But wouldn't warlords take over?"
    • BMS ep. 260 on case of private owners mimicking State policies.
    • Help support the Bob Murphy Show.

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

    Ep. 268 Daniel Miller on Why and How Texas Will Leave the Union Apr 29, 2023

    Daniel Miller is president of the Texas Nationalist Movement and author of TEXIT: Why and How Texas Will Leave the Union. Bob and Daniel have a lively discussion where they cover the realistic prospects for Texas independence, lessons from history, and dealing with typical objections.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The Texas Nationalist Movement website.
    • Daniel Miller's book TEXIT: Why and How Texas Will Leave the Union.
    • Bob's pamphlet on Texas independence.
    • Help support the Bob Murphy Show.

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

    Ep. 267 Does Jesus Want Matt Walsh to Turn the Other Cheek? Apr 08, 2023

    Prompted by a conversation with someone who had been reading the Bible, Bob explains his views on the Sermon on the Mount and how a pacifist society could work. He then uses a Matt Walsh tweet, which calls on right-wingers to "treat them like they treat us," to explore the difficulties of living up to Jesus' commands.

    Mentioned in the Episode and Other Links of Interest:

    • Murphy vs. Matt Walsh.
    • BMS ep. 19, Why Rothbardian Institutions Would Become Nonviolent.
    • Help support the Bob Murphy Show.

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

    Ep. 266 Does Government Debt Benefit Society? Apr 06, 2023

    Bob takes a David Andolfatto tweet to explain why it's wrong to think that issuing US Treasuries somehow creates social benefits. Then he rehashes a conversation with Peter St. Onge about whether we should care if the central bank goes bankrupt.

    Mentioned in the Episode and Other Links of Interest:

    • David Andolfatto on inflation and government debt.
    • Bob interviews Andolfatto in episode 175.
    • Robert Barro's famous 1974 paper on government bonds.
    • Bob talking with Peter St. Onge on the Human Action podcast.
    • Bob's 3-part series on the social function of a) stock speculators, b) futures contracts, and c) call and put options.
    • Help support the Bob Murphy Show.

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

    Ep. 265 Do the Apostles Show Christians They Should Live as Socialists? Apr 04, 2023

    Bob recently appeared as the first guest in a marathon livestream of Lambda Conversations, hosted by Luke Avery. They cover all sorts of interesting topics in the intersection (or possible lack thereof) between Biblical Christianity and modern libertarianism.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The YouTube channel for Lambda Conversations.
    • BMS ep. 261 on Prayer, Free Will, and Miracles.
    • Help support the Bob Murphy Show.

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

    Ep. 264 Is the Fed Bailing Out the Banks Mar 27, 2023

    Bob first describes what happened with Silicon Valley Bank, and then explores whether the Fed's new lending facility constitutes a bailout of the banks, and what the economic consequences are.

    Mentioned in the Episode and Other Links of Interest:

    • An article on the SVB facts.
    • Bob and Jeff Deist on SVB and 100% banking.
    • Help support the Bob Murphy Show.

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

    Ep. 263 How to Handle Critics of Texas Independence Who Threaten Violence Mar 17, 2023

    Bob handles some common objections to US secession, and gives proponents a real-world strategy to pave the way.

    Mentioned in the Episode and Other Links of Interest:

    • David R. Henderson's article on his early days teaching.
    • Bob's pamphlet on Texas independence.
    • Dave Smith on Michael Malice's show to discuss objections to secession.
    • Joan Rivers goes off.
    • Trailer for "The Postman Always Rings Twice."
    • Help support the Bob Murphy Show.

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

    Ep. 262 Tatiana Moroz on the War Machine, Love Songs, and Good vs. Evil Mar 07, 2023

    Singer-songwriter Tatiana Moroz updates Bob on her latest adventures, including her move to Miami, music video shoot in Poland, and performance at the antiwar rally in DC. The conversation includes deep issues of God and Satan, and the problem of evil.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Tatiana's website.
    • Tatiana's new music video, "Whatcha Gonna Do"
    • Cryptomediahub.com
    • Help support the Bob Murphy Show.

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

    Ep. 261 Prayer, Free Will, and Miracles: How to Think Rationally About Christianity Feb 25, 2023

    Bob answers a listener email asking how to think rationally about vexing problems in Christianity.

    Mentioned in the Episode and Other Links of Interest:

    • C.S. Lewis on miracles.
    • Richard Feynman on physical laws.
    • Science: Meditators have younger brains.
    • Help support the Bob Murphy Show.

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

    Ep. 260 What If Private Property Owners Mimicked Policies of the State? Feb 11, 2023

    Due to listener request, Bob explains why a legitimate owner has the right to set policies that would be immoral for the State to implement, and why in practice private owners would be much less likely to do so.

    Mentioned in the Episode and Other Links of Interest:

    • Bob’s essays on Private Law and Private Defense.
    • Help support the Bob Murphy Show.

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

    Ep. 259 Responding to the Dave Smith/Curtis Yarvin Discussion on Libertarianism, Part 2 Jan 20, 2023

    Bob addresses Curtis Yarvin's physics analogies that supposedly show libertarianism is akin to Newtonian physics, since it leaves out the need to use violence to establish order.

    Mentioned in the Episode and Other Links of Interest:

    • BMS ep. 258, which is Part 1 of Bob's response.
    • The Michael Malice episode featuring Yarvin vs. Smith.
    • Ben Powell and co-authors show that Somalia under anarchy did well.
    • Bob's essays on Private Law and Private Defense.
    • Help support the Bob Murphy Show.

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

    Ep. 258 Responding to the Dave Smith/Curtis Yarvin Discussion on Libertarianism, Part 1 Jan 19, 2023

    Bob addresses Curtis Yarvin's claim that free trade policy has hurt America, and that libertarians don't have a good response to it.

    Mentioned in the Episode and Other Links of Interest:

    • The Michael Malice episode featuring Yarvin vs. Smith.
    • FRED charts showing manufacturing employment, index of total manufacturing production, components of manufacturing, and domestic auto production.
    • A previous BMS episode that critiqued Yarvin.
    • A Yarvin post that Bob liked.
    • Bob's warning about free traders going too far.
    • Bob explains the social function of call and put options.
    • Help support the Bob Murphy Show.

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

    Ep. 257 Bob Murphy Explains His Favorite Hans Hoppe Work Jan 11, 2023

    Bob walks through Hans Hoppe's argument that Mises' action axiom extended Kantian epistemology by solving the mind/body problem.

    Mentioned in the Episode and Other Links of Interest:

    • Hoppe's booklet, Economic Science and the Austrian Method.
    • David Gordon's lecture on the method of praxeology.
    • Help support the Bob Murphy Show.

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

    Ep. 256 The Rothbardian Definition of the State Dec 31, 2022

    Bob explains the Rothbardian approach to defining the State, and then applies it to the recent example of a gas station hiring private security.

    Mentioned in the Episode and Other Links of Interest:

    • Rothbard's book, The Anatomy of the State. (Bob read from the first chapter during the episode.)
    • A news story covering the Philly gas stations employing private, heavily armed security.
    • Help support the Bob Murphy Show.

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

    Ep. 255 The Economics of Discrimination Dec 22, 2022

    Bob responds to critics who had defended Kanye West's anti-Semitic remarks, on both a theological and secular level. He then explains a recent study arguing that there is little racial discrimination in US mortgage lending.

    Mentioned in the Episode and Other Links of Interest:

    • The Economist article.
    • Help support the Bob Murphy Show.

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


    Ep. 254 Karl Marx Was Kind of a Big Deal: A Response to Magness and Makovi Nov 21, 2022

    Bob first explains the synthetic control method and then critiques a newly published paper by Magness and Makovi employing the technique. M&M argue that were it not for the 1917 Russian revolution, Marx would today be a minor figure. Bob sharply disagrees.

    Mentioned in the Episode and Other Links of Interest:

    • The Magness & Makovi paper on Marx.
    • RECEIPTS for Bob's claims.
    • Their AIER summary post.
    • Bob's paper with Phil on Piketty.
    • John Ganz critique, 1 and 2. Phil's response to Ganz.
    • Help support the Bob Murphy Show.

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

    Ep. 253 Exploring the Kanye West Controversy More Deeply Nov 10, 2022

    Bob takes on Kanye West's recent comments about "Jews in the media" by showing the inner contradictions. rather than simply declaring "antisemitism" and condemning. He ends with a critique of Christians who harbor an anti-Jewish worldview.

    Mentioned in the Episode and Other Links of Interest:

    • Kanye on the Lex Fridman podcast.
    • Help support the Bob Murphy Show.

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

    Ep. 252 Bob’s Reaction to the Bernanke/Diamond-Dybvig Nobel Award Oct 21, 2022

    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.

    Ep. 251 Mary Theroux Reminisces on David Theroux, the Founding of the Independent Institute, and Solving California’s Homelessness Oct 15, 2022

    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.

    Ep. 250 Bob Murphy vs. Biden Administration on Fuel Inventories Oct 07, 2022

    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.

    Ep. 249 Bob Murphy Talks Texas Independence on the Battle Born Podcast Sep 16, 2022

    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.

    Ep. 248 Jacob Hornberger Says Libertarians Should Oppose School Vouchers Sep 03, 2022

    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.


    Ep. 247 How to Explain a Free-Market Society to an American Christian Aug 18, 2022

    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.

    Ep. 246 Tim Pool on Labor Migration and Are We in a Recession? Aug 05, 2022

    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.

    Ep. 245 Cutting Larry Summers Some Slack on His Labor Market Remarks Jul 18, 2022

    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.

    

    Ep. 244 Jason Rink On His Controversial Documentaries Jun 24, 2022

    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.

    Ep. 243 To Understand (Price) Inflation Then and Now, Follow the Money Jun 20, 2022

    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.

    Ep. 242 Thoughts on the Libertarian National Convention, and Is the Fed Going to Cause a Recession? Jun 04, 2022

    Bob offers thoughts on the LP Mises Caucus takeover, Justin Amash's speech, and then argues that the Fed has not yet begun to tighten.

    Mentioned in the Episode and Other Links of Interest:

    • Justin Amash's quotes from Mises at LNC 2022.
    • Bob's book on Understanding Money Mechanics, and the chapter on the yield curve.
    • 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.

    Ep. 241 Krugman Confuses on Trade Surpluses Jun 01, 2022

    Bob uses a recent Krugman article to highlight how free-traders sometimes confuse the public on the nature of trade surpluses. Contrary to Krugman, there's nothing foolish about exporting more than you import.

    Mentioned in the Episode and Other Links of Interest:

    • Bob's mises.org critique of Krugman's NYT column.
    • Bob's critique of the WSJ subtitle for a Barro op ed.
    • Bob's novel Minerva (pdf version compiled by a listener).
    • Help support the Bob Murphy Show.

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

    Ep. 240 Why Putin’s Moves Won’t Strengthen Ruble May 16, 2022

    Bob argues that Putin's moves to link the ruble to gold and to insist on ruble payments for natural gas won't be very effective in strengthening the currency. He then critiques a recent listener comment who argued that one's views on taxation are important for determining moral worth as a human.

    Mentioned in the Episode and Other Links of Interest:

    • An example of Ronan Manly's ruble/gold analysis.
    • Help support the Bob Murphy Show.

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

    Ep. 239 Mike Thiessen Interviews Bob Murphy on Climate Economics and the Fate of the US Empire May 12, 2022

    Mike Thiessen talks with Bob extensively on the economics of climate change policy. The discussion then turns to the fate of the US dollar and the US empire.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Bob's study with Ross McKitrick on the economics of climate change.
    • Bob's evaluation of the forecasts of the leading climate models.
    • Schwab’s books The Fourth Industrial Revolution and Covid-19 and the Great Reset. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • Help support the Bob Murphy Show.

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

    Ep. 238 Johnny Vedmore on Klaus Schwab, Kissinger, and the CIA May 01, 2022

    Johnny Vedmore is an independent journalist from Cardiff, Wales. He discusses his masterful article on Klaus Schwab's mentors, including Henry Kissinger and John Kenneth Galbraith.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Johnny Vedmore's article on Klaus Schwab.
    • Part 1, Part 2, Part 3, Part 4 and Part 5 of the BMS series on Klaus Schwab and the Great Reset.
    • An evaluation of Herman Kahn's "Year 2000" forecasts. Part 1 of John Kenneth Galbraith's "The Age of Uncertainty."
    • Trailer for the Kubrick film, "Dr. Strangelove."
    • Bob's novel, Minerva.
    • Schwab’s books The Fourth Industrial Revolution and Covid-19 and the Great Reset. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • Help support the Bob Murphy Show.

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

    Ep. 237 The New World Order and Dehumanization on the Left and Right Apr 21, 2022

    Bob critiques the economic views of Yuval Harari, who predicts "useless people" because of technological advances. Bob then showcases similar thinking from right-wingers. He ends by addressing a common critique of the Christian God.

    Mentioned in the Episode and Other Links of Interest:

    • Part 1, Part 2, Part 3, Part 4 and Part 5 of the BMS series on Klaus Schwab and the Great Reset.
    • Bob's book with Silas Barta on Understanding Bitcoin.
    • Source for NWO compilation.
    • Source for World Government Summit panel on blockchain.
    • Source for Harari audio.
    • Tim Pool episode featuring Michael Malice discussing NPCs (around 1:04:30).
    • Schwab’s books The Fourth Industrial Revolution and Covid-19 and the Great Reset. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • Help support the Bob Murphy Show.

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

    Ep. 236 Jon Stewart Asks Great Questions of Federal Reserve Chief Apr 17, 2022

    In a recent episode of "The Problem With Jon Stewart," the former Daily Show host asks former president of the Kansas City Fed Thomas Hoenig why the Fed couldn't have bailed out homeowners, or just "quantitative ease" away the Treasury's debt. Hoenig gives muddy answers, so Bob tries to clarify.

    Mentioned in the Episode and Other Links of Interest:

    • Jon Stewart's full interview with Thomas Hoenig.
    • Jon Stewart skewers Paul Krugman.
    • Jon Stewart interviews Kelton and Gray on MMT.
    • Bob's book Understanding Money Mechanics.
    • Help support the Bob Murphy Show.

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

    Ep. 235 Behind Klaus Schwab, the World Economic Forum, and the Great Reset: Part 5 Apr 06, 2022

    Bob completes his series on the elites who are literally trying to take over the world. He first explains Schwab's connection to the Global Government Summit, and then finishes reading key excerpts from Schwab's book on Covid-19 and the Great Reset.

    Mentioned in the Episode and Other Links of Interest:

    • Part 1, Part 2, and Part 3, and Part 4 of this series.
    • Bob and Carlos Lara's presentation, "How to Weather the Coming Economic Storms."
    • Bob's book Common Sense: The Case for an Independent Texas.
    • Bob and Carlos' book The Case for IBC. Their book How Privatized Banking Really Works.
    • The WEF’s bio for its founder, Klaus Schwab.
    • Schwab’s books The Fourth Industrial Revolution and Covid-19 and the Great Reset. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • Schwab's address to Global Government Summit.
    • Forbes’ article on Schwab the power broker.
    • Help support the Bob Murphy Show.

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

    Ep. 234 Keith Weiner on the Gold Market and How to Replace Government Paper Money Mar 31, 2022

    Keith Weiner is founder and CEO of Monetary Metals, an investment firm that pays interest on gold, and the founder of the Gold Standard Institute USA. Weiner's mission is to provide entrepreneurial services and education to help restore gold as the world's money par excellence.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Keith Weiner's bio at Monetary Metals.
    • Weiner's Forbes article on gold and silver coins not circulating.
    • Help support the Bob Murphy Show.

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

    Ep. 233 Behind Klaus Schwab, the World Economic Forum, and the Great Reset: Part 4 Mar 15, 2022

    Bob continues his series, this time focusing on the creepy worldview of WEF speaker Yuval Harari, and further reviews Schwab's book on Covid-19 and the Great Reset.

    Mentioned in the Episode and Other Links of Interest:

    • Part 1, Part 2, and Part 3 of this series.
    • The WEF’s bio for its founder, Klaus Schwab.
    • Schwab’s books The Fourth Industrial Revolution and Covid-19 and the Great Reset. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • Yuval Harari's website.
    • "Awaken With JP"'s episode on Schwab and Harari.
    • Harari's talk on the future of humanity at the 2018 World Economic Forum conference.
    • Bob's article on the socialist calculation debate. Joe Salerno's lecture on it.
    • Forbes’ article on Schwab the power broker.
    • Help support the Bob Murphy Show.

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

    Ep. 232 Behind Klaus Schwab, the World Economic Forum, and the Great Reset: Part 3 Mar 08, 2022

    Bob continues his series on Klaus Schwab, highlighting examples of Schwab's influence on world leaders, and reading excerpts from his book on Covid-19 and the Great Reset. Mentioned in the Episode and Other Links of Interest:

    • Part 1 and Part 2 of this series.
    • The WEF’s bio for its founder, Klaus Schwab.
    • Schwab’s books The Fourth Industrial Revolution and Covid-19 and the Great Reset. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • Bob's first co-hosted Human Action podcast with Jeff Deist.
    • Forbes’ article on Schwab the power broker.
    • Help support the Bob Murphy Show.

    The audio production for this episode was provided by Podsworth Media.
    Ep. 231 Thaddeus Russell Repeatedly Lied to Michael Malice Mar 02, 2022

    In a recent episode of the podcast "Your Welcome," Michael Malice had Thaddeus Russell on to explain the controversy that had erupted over an interview Russell did with philosophy professor Stephen Kershnar, where the two academics had defended adult-child sexual relations. Bob documents that Russell's explanations to Malice don't stand up to the record of his own written and spoken remarks.

    Mentioned in the Episode and Other Links of Interest:

    • Michael Malice's recent interview of Thaddeus Russell on ep. 193 of Your Welcome.
    • Thaddeus Russell's controversial interview of Stephen Kershnar back in December 2020.
    • BMS ep. 180, the original critique of Thad's interview of Kershnar.
    • Thad on Liberty Lockdown in summer of 2021.
    • Thad's 2009 Daily Beast article on Roman Polanski.
    • Help support the Bob Murphy Show.

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

    Ep. 230 Bob Murphy vs. Dave Smith on the Johns Hopkins Lockdown Study Feb 18, 2022

    Bob explains the friendly exchange he had with Dave Smith regarding the new Johns Hopkins study that concluded lockdowns did little to reduce mortality. Smith had tweeted that in a sane world, all those favoring lockdowns would be publicly disgraced, while Bob argues that these studies are so open-ended that people on both sides can reasonably ignore those that disagree with their preferred conclusions.

    Mentioned in the Episode and Other Links of Interest:

    • Dave Smith's original tweet about the Johns Hopkins study.
    • Bob's article on Nordhaus vs. the UN.
    • A Reuters "fact check" that cites Johns Hopkins experts on why lockdowns DO work.
    • A Politifact pushback on Johns Hopkins study.
    • Help support the Bob Murphy Show.

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

    Ep. 229 Bob Murphy Admits Steve Patterson Was Right About the Problems With Infinity Feb 04, 2022

    Bob has Steve Patterson back on the show, to concede that Steve's skepticism of higher mathematics was right all along. Specifically, Bob explains how his recent discovery of a theorem from Riemann showed that something is indeed rotten in the way mathematicians typically handle infinite sets.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Steve Patterson's website and YouTube channel.
    • Steve's interview with NJ Wildberger.
    • A great summary of Riemann's Rearrangement Theorem.
    • The BMS episodes on Godel's Incompleteness Theorems and Arrow's Impossibility Theorem.
    • Steve's previous appearance on the Bob Murphy Show.
    • Help support the Bob Murphy Show.

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

    Ep. 228 Behind Klaus Schwab, the World Economic Forum, and the Great Reset: Part 2 Jan 19, 2022

    Bob continues his series on Klaus Schwab, explain the WEF's plans for redesigning the world, and providing quotes from Schwab's book on the fourth industrial revolution.

    Mentioned in the Episode and Other Links of Interest:

    • Part 1 of this series.
    • The WEF’s bio for its founder, Klaus Schwab.
    • Schwab’s books The Fourth Industrial Revolution and Covid-19 and the Great Reset. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • The WEF's Global Redesign Summit and the Global Redesign Initiative.
    • Nick Buxton's article on Davos and the danger to democracy.
    • Forbes' article on Schwab the power broker.
    • FEE article on the socialist roots of fascism.
    • 1983 article in Harper's on the Bank of International Settlements (BIS).
    • Help support the Bob Murphy Show.

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


    Ep. 227 Behind Klaus Schwab, the World Economic Forum, and the Great Reset: Part 1 Jan 10, 2022

    Bob starts a series looking into Klaus Schwab, founder of the World Economic Forum and, along with Prince Charles, proponent of the "Great Reset."

    Mentioned in the Episode and Other Links of Interest:

    • Klaus Schwab and Prince Charles promoting the "Great Reset."
    • The World Economic Forum's page on the Great Reset.
    • An example of a session from the WEF's Davos Agenda 2021 conference.
    • The WEF's bio for its founder, Klaus Schwab.
    • Schwab's books The Fourth Industrial Revolution and Covid-19 and the Great Reset. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • The video of Schwab explaining his connection to Kissinger.
    • The "red pill" documentary Wake Up Call.
    • Murphy's new book from the Mises Institute, Understanding Money Mechanics.
    • Help support the Bob Murphy Show.

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

    Ep. 226 Murphy vs Weisenthal on Currency Debasement Jan 04, 2022

    Bob critiques a Guardian article from an economist favoring price controls, and explains his argument with Joe Weisenthal about the social benefit of saving actual cash.

    Mentioned in the Episode and Other Links of Interest:

    • Dr. Keith Smith (of the Surgery Center of Oklahoma) contact page.
    • The Guardian article advocating price controls.
    • Murphy Mises.org critique of Weisenthal.
    • Murphy article on the 1920-21 depression.
    • Mises essay calling inflationary war finance "undemocratic."
    • BMS series on Bohm-Bawerk (1, 2, and 3).
    • Help support the Bob Murphy Show.

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

    Ep. 225 Buck Johnson Interviews Bob Murphy on the Case for an Independent Texas Dec 04, 2021

    Buck Johnson hosts the podcast Counterflow, and recently featured Bob to discuss his new pamphlet COMMON SENSE on Texas secession.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • 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.

    Ep. 224 Patrick Newman on Cronyism in Early US History Nov 26, 2021

    Patrick Newman is a fellow at the Mises Institute who have just published his new book. He talks about Rothbard's approach to history, whether the US revolution was libertarian, and the proper way to interpret Andrew Jackson.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Patrick Newman's new book Cronyism: Liberty vs. Power in Early America, 1607-1849.
    • Patrick's previous appearance on ep. 49 of the Bob Murphy Show.
    • Dan Sanchez's article on Andrew Jackson's fight with Nicholas Biddle over the Second Bank of the United States.
    • Bob's review of MMT (including Andrew Jackson's payoff of the federal debt).
    • Help support the Bob Murphy Show.

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

    Ep. 223 Climate Scientist David Legates Gives a Contrarian View on Climate Change Nov 17, 2021

    David Legates has a PhD in climatology and is Professor of Climatology at the University of Delaware. He discusses the new 3rd edition of the Independent Institute book, "Hot Talk, Cold Science: Global Warming's Unfinished Debate."

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The Independent Institute book, Hot Talk, Cold Science.
    • Bob's study with Ross McKitrick (one of the debunkers of the so-called hockey stick).
    • Bob's article on how "statistical significance" is misleading with respect to the climate models.
    • Help support the Bob Murphy Show.

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

    Ep. 222 Kris Borer's Fun Book Explains AnCap Ethics Nov 11, 2021

    Kris Borer is an entrepreneur with a background in robotics and artificial intelligence. His new book is narrative non-fiction that illustrates why libertarianism cannot be defined precisely with physical concepts like force or property boundaries. Instead, Borer argues that libertarians should use praxeology to define conflict, aggression, and the NAP.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Kris Borer's book, The Ethics of Anarcho-Capitalism. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • Kris Borer's website.
    • Kinsella and Tinsley's paper on causation and aggression.
    • BMS episode on Godel's Theorem.
    • Bob and Gene Callahan critique of Hoppe's argumentation ethics, Stephan Kinsella defends Hoppe on BMS.
    • Help support the Bob Murphy Show.

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

    Ep. 221 Why Biden Paid Leave Will Hurt Women, and Why Morpheus Gives Bad Moral Advice Nov 04, 2021

    Bob explains the economics of paid leave, and he points out some disturbing trends in the "post-libertarian" discussions about fighting tyranny.

    Mentioned in the Episode and Other Links of Interest:

    • The BLS' minimum wage stats.
    • Curtis Yarvin on formalism.
    • Part II, Chapter 8 from George Orwell's 1984.
    • Bob's pamphlet COMMON SENSE: The Case for an Independent Texas.
    • Hoppe on "What Must Be Done."
    • Help support the Bob Murphy Show.

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

    Ep. 220 Ian Crossland on L.A. Acting, Helping Others, and Resisting Group-Think Nov 01, 2021

    Ian Crossland, frequent co-host on Tim Pool's podcast, explains his background in acting and his views on helping others to help themselves. Ian also explains his role in speaking unpopular truths. This was one of Bob's favorite conversations that is hard to classify.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Ian Crossland's YouTube channel.
    • Ian's commercials!! One and two.
    • Bob's appearance on Tim Pool with Ian.
    • The physics paper by Nassim Haramein that Ian referenced.
    • The scientists discussing comet strikes (and more) on Joe Rogan that Ian referenced.
    • Help support the Bob Murphy Show.

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


    Ep. 219 David Gornoski on His YouTube Ban and Today's Scapegoats Oct 23, 2021

    Host of A Neighbor's Choice radio program, David Gornoski talks about the recent removal of his YouTube channel. He summarizes the work of Rene Girard and shows how society still tries to use scapegoats to relieve tensions, even after Jesus showed us its futility.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • David Gornoski's show, A Neighbor's Choice.
    • David's previous appearance on the BMS.
    • David's interview regarding literal "witch"-burning in Papua New Guinea.
    • Bob's EconLib article on geo-engineering techniques to mitigate climate change.
    • Help support the Bob Murphy Show.

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

    Ep. 218 Kerry Baldwin Uses Property Rights to Correct Both Sides in the Abortion Debate Oct 18, 2021

    Kerry Baldwin is a Christian libertarian who advances a nuanced position on abortion that seeks to protect the fetus while respecting the bodily rights of the mother.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Kerry Baldwin's website, MereLiberty.com, with her work on abortion summarized here.
    • Baldwin's SoHo Forum debate on abortion with Walter Block.
    • Baldwin's co-authored book Faith Seeking Freedom, published by the Libertarian Christian Institute. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • Bob's interview with two of the other co-authors of Faith Seeking Freedom.
    • A documentary on Restorative Justice.
    • Help support the Bob Murphy Show.

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

    Ep. 217 Murphy Critiques MMT TED Talk Oct 11, 2021

    Bob provides a running refutation of Stephanie Kelton's recent TED talk on Modern Monetary Theory (MMT).

    Mentioned in the Episode and Other Links of Interest:

    • Stephanie Kelton's TED Talk.
    • Bob's review of Kelton's book explaining MMT.
    • Kelton's intro to MMT, The Deficit Myth. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • Bob's interview of a founder of MMT, Warren Mosler. Then Bob's analysis of that episode.
    • Bob's Mises.org critique of a popular identity (equation) in the MMT literature.
    • Help support the Bob Murphy Show.

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

    Ep. 216 COMMON SENSE: The Case for an Independent Texas Oct 03, 2021

    Bob covers some of the key points in his new pamphlet on restoring the Republic of Texas.

    Mentioned in the Episode and Other Links of Interest:

    • Bob's new pamphlet, COMMON SENSE: The Case for an Independent Texas.
    • Bob's recent appearance on Tim Pool's show.
    • Bob's article on opting out of Social Security.
    • Help support the Bob Murphy Show.

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

    Ep. 215 Joe Salerno versus Paul Krugman on Austrian Business Cycle Theory Sep 28, 2021

    Using a recent Paul Krugman column as the jumping off point, the Mises Institute Academic Vice President Joe Salerno explains and defends Austrian business cycle theory.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Bob's response to Krugman's NYT piece.
    • Joe Salerno's 2012 QJAE article responding to ABCT critics.
    • Joe Salerno's previous appearance on the Bob Murphy Show ep. 16.
    • Bob's critique of Selgin on Canadian fractional reserve banking.
    • Help support the Bob Murphy Show.

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

    Ep. 214 Explaining Libertarianism to Skeptical Christians Sep 18, 2021

    Doug Stuart and Dick Clark of the Libertarian Christian Institute talk about the book they co-authored (with 2 others) that answers tough questions.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The book Faith Seeking Freedom: Libertarian Answers to Tough Questions, by the guests and co-authors. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • The homepage for the Libertarian Christian Institute and their Facebook page.
    • Help support the Bob Murphy Show.

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

    Ep. 213 Mark Spitznagel Teaches the Economists How to Invest Sep 07, 2021

    Bob reviews Mark Spitznagel's latest book, "Safe Haven: Investing for Financial Storms," on which he was a consultant. Bob explains that Spitznagel rejects the alleged dichotomy between risk and return, and then gives a numerical example to illustrate the two schools of thought.

    Mentioned in the Episode and Other Links of Interest:

    • Bob's appearance on Jordan Peterson's podcast.
    • Bob's surprisingly high ranking among influential economists. His episode with Winston Ewert (who helped design the AI that produced the ranking).
    • Mark Spitznagel's new book Safe Haven: Investing for Financial Storms and his previous book, The Dao of Capital. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • Help support the Bob Murphy Show.

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

    Ep. 212 The “Nixon Shock” Was Only the Final Nail in the Coffin of the Gold Dollar Aug 24, 2021

    Bob gives a brief history of money in the United States, explaining that the dollar was much "harder" in, say, 1810 than it was in 1910. This explains why there was significant consumer price inflation even in 1970, the year before Richard Nixon officially severed the dollar's link to gold.

    Mentioned in the Episode and Other Links of Interest:

    • Bob's chapter in the new book, Understanding Money Mechanics, discussing the history of the US gold/silver standards. His chapter on Mises' theory of the business cycle.
    • Bob's articles discussing the 50th anniversary of Nixon closing the gold window: (1) Basic intro, (2) discussing the different regimes of the US gold standard, and (3) explaining the different inflation rates and the connection to Austrian business cycle theory. [Note that this third article hadn't posted as of the original publication of the podcast episode; this link will be updated when available.]
    • Bob's article in the Quarterly Journal of Austrian Economics on Mises' theory of the business cycle.
    • Help support the Bob Murphy Show.

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

    Ep. 211 Bob Murphy Explodes Popular Myths About Money Aug 05, 2021

    This is a replay of an interview Bob did on Silver Bullion TV. It occurred on July 23 and aired on July 30.

    Mentioned in the Episode and Other Links of Interest:

    • The original SBTV interview.
    • Bob's article on ZeroHedge.
    • Bob's Mises U lecture on money mechanics.
    • Help support the Bob Murphy Show.

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

    Ep. 210 M. Night Shyamalan Is Giving You Permission to Be a Superhero Jul 28, 2021

    Bob reviews the "Unbreakable" movie trilogy, arguing that M. Night Shyamalan knows we need to awaken the superheroes among us. They might not even know who they are--yet.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube trailer for "Unbreakable," the first movie in the trilogy under discussion.
    • Help support the Bob Murphy Show.

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

    Ep. 209 Bob Murphy Critiques Curtis Yarvin's Explanation of Inflation Jul 21, 2021

    In a May 2021 essay, Curtis Yarvin (aka Mencius Moldbug) argues that the American economy runs on an inflation machine. Yarvin claims that the best way to measure the amount of inflation is to look at the change in aggregate personal net worth over a given period. Murphy explains why this is wrongheaded.

    Mentioned in the Episode and Other Links of Interest:

    • Curtis Yarvin (aka Mencius Moldbug)'s essay on The Inflation Economy.
    • Eric Weinstein tells Lex Fridman his wariness.
    • Help support the Bob Murphy Show.

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

    Ep. 208 Per Bylund on the Importance of the Austrian School Jul 13, 2021

    Per Bylund is Associate Professor of Entrepreneurship at Oklahoma State University. He discusses three of his current book projects, all touching on various aspects of the Austrian School and its continued importance.

    Mentioned in the Episode and Other Links of Interest:

    • Per Bylund's page at Oklahoma State University.
    • The Mises Institute's description of Per Bylund's upcoming primer on Austrian Economics.
    • Bob's debate with David Friedman on economic method.
    • Bob Murphy Show episode on intelligent design.
    • Bob's article critiquing Eugene Fama's denial of the housing bubble.
    • Help support the Bob Murphy Show.

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

    Ep. 207 “They Said What?!” John Lennon Edition Jul 02, 2021

    Bob unveils a new recurring series, in which he gives the context of infamous quotations. In this episode, he covers two allegedly shocking quotes from John Lennon, John Maynard Keynes' "in the long run we're all dead," Trump on Nazis being very fine people, Dan Quayle misspelling potato, Obama's "you didn't build that," and Bohm-Bawerk on Karl Marx.

    Mentioned in the Episode and Other Links of Interest:

    • Wikipedia entry on John Lennon's "more popular than Jesus" comment. Lyrics to "Revolution."
    • Bob and the Music City Friends of Liberty cover "Come Together."
    • Video for Trump's "very fine people" remark. Video of Obama's "you didn't build that."
    • Nancy Pelosi on "We have to pass the bill to find out what's in it."
    • Bohm-Bawerk's Karl Marx and the Close of His System.
    • Help support the Bob Murphy Show.

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

    Ep. 206 “What Did Bob Learn?” Part 3 of 3 Jun 23, 2021

    Bob concludes his series on areas where he's changed his mind. This episode covers the economics of climate change, fractional reserve banking, the US gold standard, his notorious inflation bets, Nelson Nash's Infinite Banking Concept, and the God of the Bible.

    Mentioned in the Episode and Other Links of Interest:

    • Bob's chapter on the gold standard. Mises' plan to put the USD back on gold.
    • Bob's explainer on the Tax Interaction Effect. His article explaining the contrast between William Nordhaus' work and the UN global warming target.
    • Bob's journal article on the fractional reserve banking debate. Selgin & White's classic defense of FRB.
    • Bob's blog post, "Why I Know There Is a God." Bob's full interview on the Free Born podcast.
    • The Foundation of IBC video series. The documentary, "This Is Nelson Nash."
    • Help support the Bob Murphy Show.

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

    Ep. 205 Matt McCaffrey on Entrepreneurship and Chinese Military History Jun 18, 2021

    Matt McCaffrey is an Austrian economist who is currently associate professor of entrepreneurship at the University of Manchester. He talks with Bob about American economist Frank Fetter, before moving on to a staple of his research: the connection between Chinese military history and entrepreneurship.

    Mentioned in the Episode and Other Links of Interest:

    • Matt McCaffrey's paper on Chinese military history and on Frank Fetter.
    • Hoppe on economic method.
    • Help support the Bob Murphy Show.

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

    Ep. 204 Scott Sumner Argues the Bernanke Fed Was Too Tight Jun 09, 2021

    Scott Sumner is a monetary economist with the Mercatus Center. He famously argued in late 2008 that the Fed was too tight with monetary policy, and eventually he has convinced many economists of his views. In this episode he explains why interest rates and even monetary aggregates are not good indicators of the stance of monetary policy, whereas NGDP growth is much better.

    Mentioned in the Episode and Other Links of Interest:

    • Scott Sumner's Mercatus page. His blog, The Money Illusion.
    • Scott argues the Fed through 2012 had been tight.
    • Scott's older book The Midas Paradox. Scott's forthcoming book The Money Illusion. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • Bob's review of The Midas Paradox and his assessment of Market Monetarism.
    • EconTalk interview with Michael Belongia (which brings up Milton Friedman's critical comments about NGDP targeting).
    • Help support the Bob Murphy Show.

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

    Ep. 203 "What Did Bob Learn?" Part 2 of 3 May 31, 2021

    In response to a listener request, Bob continues a 3-part series explaining areas where his views have changed. In this episode, he covers government debt and future generations, accuracy in polemical writing, the Fed being a private corporation, whether nice guys finish last, and mainstream utility theory.

    Mentioned in the Episode and Other Links of Interest:

    • Bob's "The Economist Zone" article with links to the original contributions to the Great Debt Debate. Bob's Mises University lecture on the topic.
    • Bob’s link for Tom Woods’ Liberty Classroom (which features a lecture on government debt burdens).
    • Bob's FEE article on the origin of public schools.
    • Bob's essay on advice for single Christian men.
    • Bryan Caplan's "Why I Am Not an Austrian Economist."
    • Help support the Bob Murphy Show.

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

    Ep. 202 "What Did Bob Learn?" Part 1 of 3 May 24, 2021

    In response to a listener request, Bob starts a 3-part series explaining areas where his views have changed. In this episode, he covers trade deficits, justice vs. mercy, the 2000 election, WMDs in Iraq, and Arrow's Theorem.

    Mentioned in the Episode and Other Links of Interest:

    • Bob's article on why free traders should be more careful when defending trade deficits.
    • Bob's article explaining the capital account in reference to trade deficits, in the context of criticizing Peter Schiff. Then Bob's mea culpa.
    • Bob’s article on Robert Mundell.
    • BMS episode explaining Arrow's Theorem.
    • Steve Landsburg's The Armchair Economist. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • Bob's link for Tom Woods' Liberty Classroom (which features a lecture on Arrow's Theorem).
    • Help support the Bob Murphy Show.

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

    Ep. 201 David Howden Applies Austrian Theory to the Financial Markets May 16, 2021

    David Howden is Chair of the Department of Business and Economics at Saint Louis University's Madrid campus. He earned his PhD under Jesus Huerta de Soto. Bob asks David about his experiences as a next generation Austrian economist, and in particular his work on financial markets.

    Mentioned in the Episode and Other Links of Interest:

    • David Howden's academic page.
    • Jesus Huerta de Soto's book on business cycles.
    • Bob's critique of Fama on bubbles.
    • Bob explains his botched inflation prediction.
    • Mark Spitznagel's the Dao of Capital. Nassim Taleb's The Black Swan. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • Bob's article on social function of call and put options.
    • Tyler Cowen interview of John Cochrane.
    • Help support the Bob Murphy Show.

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


    Ep. 200 Vijay Boyapati Explains Why He Was RIght About Inflation in 2010 and Bitcoin in 2018 May 11, 2021

    Vijay Boyapati left a lucrative job at Google in 2007 to move to New Hampshire and campaign for Ron Paul. In this episode, Vijay explains why the other Austrians should have listened to him in 2010 when he warned that their inflation predictions were wrong. He also explains his popular 2018 essay, "The Bullish Case for Bitcoin."

    Mentioned in the Episode and Other Links of Interest:

    • Vijay Boyapati's 2010 article on credit deflation.
    • Vijay's 2018 article on "The Bullish Case for Bitcoin."
    • Bob's guide (with Silas Barta) to Bitcoin.
    • Bob's article on Hayek on private fiat money.
    • Bob explains his botched inflation prediction.
    • Help support the Bob Murphy Show.

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

    Ep. 199 Jeff Herbener and Bob Murphy Discuss the Pure Time Preference Theory of Interest May 07, 2021

    Jeff Herbener is a Senior Fellow with the Mises Institute and an economics professor at Grove City College. At the 2021 Austrian Economics Research Conference, Jeff presented a defense of the pure time preference theory of interest, and mentioned Bob's critique of it. This episode is a very informative discussion of their views.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this lecture (which has the PowerPoint slides).
    • Jeff Herbener lecture on interest at Mises University.
    • BMS ep. 198 (which provides context for this discussion).
    • BMS ep. 119 with Guido Hulsmann (who also tries to replace the Pure Time Preference Theory).
    • Bob’s dissertation (which is technical) on Austrian capital theory. Bob's article (for the lay person) explaining BB's critique of the naive productivity theory. An intermediate difficulty paper, in which Bob explains problems with viewing interest as "present goods are more valuable than future goods."
    • Bob's 3-part series (one, two, three) on Capital and Interest in the Austrian tradition.
    • Help support the Bob Murphy Show.

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

    Ep. 198 Robert Murphy Lecture on History and NEW DEVELOPMENTS in Austrian Interest Theory May 07, 2021

    Bob gives a guest lecture for Jonathan Newman's MA course for the Mises Institute, on the history of, and new developments in, the pure time preference theory of interest. After summarizing the work of Bohm-Bawerk, Fetter, and MIses, Bob explains his own perspective and then how Jeff Herbener partially agreed with Bob's critique. This episode sets the table for Bob's interview with Herbener in ep. 199.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this lecture (which has the PPT slides).
    • Information on the Mises Institute's online Master's Program.
    • Bob's dissertation on Austrian capital theory.
    • Bob's interview with Jeff Herbener (BMS ep. 199).
    • Help support the Bob Murphy Show.

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

    Ep. 197 David Beckworth Explains NGDP Targeting and the Fed’s Current Framework Apr 27, 2021

    David Beckworth is a monetary economist with the Mercatus Center. He explains the rationale of the Market Monetarists (such as Scott Sumner) who support NGDP targeting as the best monetary policy. He also explains recent innovations in Fed policy, and critiques the MMTers.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • David Beckworth's homepage and podcast, Macro Musings.
    • David Beckworth's book Boom and Bust Banking. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • George Selgin's monograph Floored! and book Less Than Zero. #Commissions Earned
    • Beckworth's analysis of the NGDP gap, average inflation targeting, NGDPLT as ideal policy, and critique of MMT.
    • Help support the Bob Murphy Show.

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

    Ep. 196 Stephan Livera Interviews Bob Murphy on the Economics of Bitcoin Apr 23, 2021

    Stephan Livera hosts a popular podcast on Bitcoin and Austrian economics. He recently had Bob on to discuss, appropriately enough, the economics of Bitcoin from an Austrian perspective.

    Mentioned in the Episode and Other Links of Interest:

    • Stephan Livera's YouTube page.
    • Bob and Silas Barta's guide to Bitcoin. BMS ep. 191 clarifying the debate over Bitcoin.
    • Help support the Bob Murphy Show.

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

    Ep. 195 Scott Horton on Osama Bin Laden’s Strategy to Take Down the US Apr 20, 2021

    Scott Horton comes back on the show to discuss his new book, Enough Already: Time to End the War on Terrorism. He and Bob largely focus on Osama Bin Laden's strategy for drawing the U.S. into unwinnable wars. They also discuss the role of Israel in U.S. foreign policy.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Scott's new book Enough Already: Time to End the War on Terrorism. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • The archive of interviews at The Scott Horton Show. The homepage of the Libertarian Institute.
    • Help support the Bob Murphy Show.

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

    Ep. 194 How a Voluntary Society Would Handle Blockades and Immigration Apr 16, 2021

    Bob elaborates on two ideas he had when he wrote his novel "Minerva" in grad school.

    Mentioned in the Episode and Other Links of Interest:

    • Bob's archives at Strike the Root, which contain the serialized version of Bob's novel, Minerva. (Note that the HTML formatting is incorrect for some characters, such as the em-dash turning up as an apostrophe.) UPDATE: A listener compiled a PDF version of Minerva here.
    • Bob's articles on the social function of stock speculators, futures markets, and call and put options.
    • To learn more about Whole Life insurance policies, see the Foundations of IBC video series, particularly Module 3.
    • Help support the Bob Murphy Show.

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

    Ep. 193 Walter Block Explains His Entry into Libertarianism and His View of the Future Apr 10, 2021

    Walter Block is a giant in the libertarian movement. He explains how he discovered this philosophy and why it will be difficult to advance liberty.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Walter's (co-authored) 2019 article on sociobiology and liberty.
    • Walter's book Defending the Undefendable. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • Help support the Bob Murphy Show.

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

    Ep. 192 Extending AnCap Analysis for Vaccine Passports, Court Rulings, and Desegregation Apr 07, 2021

    Using a recent Dave Smith interview of Michael Malice as a springboard, Bob elaborates his understanding of anarcho-capitalist principles to the thorny issues of vaccine passports, court rulings, and desegregation of the Old South.

    Mentioned in the Episode and Other Links of Interest:

    • Part of the Problem episode from February 20, 2021, "They Don't Care About You" featuring Michael Malice.
    • Bob's book The Politically Incorrect Guide to Capitalism (featuring his analysis of racism in business). #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
    • Bob Murphy Show ep. 176, "A Framework for Analyzing Big Tech Censorship."
    • Bob's essay against mandatory vaccinations.
    • Bob's Mises U talk, "The Market for Security" (explaining private law enforcement).
    • Khan Academy page on the Rosa Parks bus boycott.
    • Bob's critique of an AIER article on private mask mandates.
    • Help support the Bob Murphy Show.

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

    Ep. 191 Clarifying the Economic Framework for Both Camps in the Bitcoin Debate Apr 01, 2021

    Bob helps to clarify the Bitcoin debate. On the one hand, the "no intrinsic value" skeptics are ignoring how Austrians deal with gold, while on the other hand, the "HODL forever" enthusiasts would never allow Bitcoin to become a money.

    Mentioned in the Episode and Other Links of Interest:

    • Bob (and Silas Barta's) guide to Bitcoin.
    • Bob's book Contra Krugman.
    • Help support the Bob Murphy Show.

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

    Ep. 191 Clarifying the Economic Framework for Both Camps in the Bitcoin Debate Apr 01, 2021

    Bob helps to clarify the Bitcoin debate. On the one hand, the "no intrinsic value" skeptics are ignoring how Austrians deal with gold, while on the other hand, the "HODL forever" enthusiasts would never allow Bitcoin to become a money.

    Mentioned in the Episode and Other Links of Interest:

    • Bob (and Silas Barta's) guide to Bitcoin.
    • Bob's book Contra Krugman.
    • Help support the Bob Murphy Show.

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

    Ep. 190 Benjamin Boyce on the Evergreen State Protests and Lessons for America Mar 30, 2021

    Benjamin Boyce is a writer, interviewer, and filmmaker who rose to fame by relaying his experiences as a student during the infamous Evergreen State protests in 2017. He talks with Bob about the lessons we can learn as the rest of the country follows the same trajectory of identity politics.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Benjamin Boyce's YouTube channel.
    • Benjamin Boyce's Complete Evergreen Story (chaps. 10 and 15 were specifically mentioned in the interview).
    • Stephen King's On Writing. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • Help support the Bob Murphy Show.

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

    Ep. 189 Josiah Neeley Gives the Other Side on What Happened With the Texas Power Freeze Mar 22, 2021

    Josiah Neeley is the Texas Director and Resident Senior Fellow in Energy for the R Street Institute. He has a lively discussion, pushing back on some of Bob's previously articulated points regarding the recent Texas freeze and blackouts.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Josiah's article on the Texas freeze.
    • Bob’s article on the Texas freeze.
    • Help support the Bob Murphy Show.

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

    Ep. 188 Rob Bradley Gives a Brief History of US Electricity Regulation, With Lessons for the Recent Texas Freeze Mar 18, 2021

    Rob Bradley is an expert in the history of US energy markets. He explains the role of Sam Insull (co-founder of General Electric) in showing what a free market in electricity would look like, and then criticizes Texas' ERCOT as a central planning agency.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Rob Bradley's website, Master Resource. Rob's article on the recent Texas freeze and Paul Krugman.
    • Rob Bradley's books Edison to Enron and Capitalism at Work. #CommissionsEarned
    • Harold Demsetz's 1968 Journal of Law and Economics article, "Why Regulate Utilities?"
    • Robert Bryce's book Pipe Dreams: Greed, Ego, and the Death of Enron. Forrest McDonald's book Insull: The Rise and Fall of a Billionaire Utility Tycoon. #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.)
    • Bob's article on the Texas freeze.
    • Bob Murphy Show episode 77, where Rob Bradley explains his education under Rothbard and his contributions to energy economics in the Austrian tradition.
    • Help support the Bob Murphy Show.

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

    Ep. 187 Gary Wolfram on the Minimum Wage and Other Misguided Policies Mar 15, 2021

    Gary Wolfram is an economics professor at Hillsdale College, who was both a teacher and colleague of Bob during his two stints at the school (first as a student then as a professor). They discuss Gary's background as an economist in both academia and the political sphere, and why government intervention hurts the people it ostensibly helps.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Gary Wolfram's book, A Capitalist Manifesto. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
    • Bob's article on the $15 minimum wage. Walter Williams' 2007 FEE article on the minimum wage.
    • Mises' Liberalism and Bastiat's The Law.
    • Help support the Bob Murphy Show.

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


    Ep. 186 What Really Happened With the Texas Power Grid Mar 09, 2021

    Since the deep freeze in February caused millions of Texas homes to lose their power, partisans have been fighting over the blame. The governor blamed wind turbines and the green agenda, whereas Paul Krugman said the fault was with natural gas. Bob shows the numbers; natural gas was to blame only in the sense that nobody expected wind to be useful during a winter crisis.

    Mentioned in the Episode and Other Links of Interest:

    • Bob's article at Mises.org, which gives links to all the relevant sources.
    • The Foundations of IBC.
    • Help support the Bob Murphy Show.

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

    Ep. 185 Dr. Keith Smith Explains the Scam in Medical Pricing and How to Fix It Mar 07, 2021

    Medical doctor Keith Smith returns to the show to explain how government intervention allows insurance companies to distort health care prices. Rather than merely diagnosing the problem, Smith has formed organizations that are providing affordable care to patients.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The Surgery Center of Oklahoma. The Free Market Medical Association (FMMA).
    • The Medical Freedom Summit, hosted by Mises Institute, on June 17, 2021 in New Hampshire.
    • A short YouTube video in which Keith Smith explains $100 hospital aspirin.
    • Bob's book (co-authored with emergency room doctor Doug McGuff) on the economics of health care, The Primal Prescription. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
    • Help support the Bob Murphy Show.

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

    Ep. 184 Nonviolent Solutions to Social Problems Mar 02, 2021

    Bob discusses three separate items all related to nonviolence: (1) Gene Sharp's work, (2) Bob's old dream of how to topple a tyrant, and (3) the winners of the Louis CK contest.

    Mentioned in the Episode and Other Links of Interest:

    • Gene Sharp's book, From Dictatorship to Democracy. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
    • The trailer for the documentary "How to Start a Revolution."
    • Sharp's list of 198 methods of nonviolent action.
    • The original Louis CK clip that inspired Bob's contest.
    • Help support the Bob Murphy Show.

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

    Ep. 183 Ben Powell Argues that Immigrants Don’t Threaten Liberty Feb 26, 2021

    Standard economic analysis suggests that even large-scale immigration doesn't hurt native citizens economically. But couldn't the newcomers change the culture and political climate to hurt liberty? In his latest book, economist Ben Powell argues that this too is a baseless fear.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Ben Powell's book (co-authored with Alex Nowrasteh) Wretched Refuse?: The Political Economy of Immigration and Institutions.
    • Ben Powell's earlier appearance on ep. 47.
    • Help support the Bob Murphy Show.

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

    Ep. 182 A Modest Proposal for Children in Libertarian Law Feb 24, 2021

    Bob explains his idea for the general legal principle under which children would constitute a particular case: Namely, treat the parent (or legal guardian) as a trustee acting upon behalf of the trustor, who is the future (adult) version of that child.

    Mentioned in the Episode and Other Links of Interest:

    • Rothbard's book Ethics of Liberty (free pdf).
    • Walter Block et al. on children under libertarian law.
    • Bruno Leoni's Freedom and the Law (various formats).
    • Bob Murphy's lecture on private law.
    • Help support the Bob Murphy Show.

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

    Ep. 181 Could Gold Discoveries Cause the Austrian Boom-Bust Cycle? Feb 18, 2021

    In a 2019 article, Bob quoted Mises who believed that new gold discoveries, in principle, could cause a (small) boom-bust cycle if the gold hit the loan market before other sectors. Walter Block and Bill Barnett have responded in a new article, arguing that in a free market, new commodity money can't cause such distortions.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Bob's 2019 QJAE article, which Block & Barnett (2020) criticizes.
    • Bob's blog post explaining why Block & Barnett (2020) misunderstands his argument in his 2019 QJAE paper.
    • Bob Murphy Show ep. 67, in which Block and Barnett explained their problems with the Hayekian triangle.
    • Rothbard's classic essays on utility & welfare economics and the legal treatment of air pollution.
    • Block and Barnett's paper on the optimal quantity of money.
    • One entry in Block and Barnett's debate over maturity mismatching; it contains references to the earlier volleys for the interested reader.
    • Help support the Bob Murphy Show.

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

    Ep. 180 After Further Review, It's Still Wrong for Adults to Sleep With Kids Feb 11, 2021

    On a recent episode of the Unregistered podcast, Thaddeus Russell interviews philosophy professor Stephen Kershnar on his controversial books. Bob strongly critiques their claims that (a) pro-life people ought to be killing abortionists and (b) adult/child sexual relationships can be healthy.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of Thaddeus' discussion with Kershnar.
    • Thad's article in the Daily Beast defending Roman Polanski. The Wikipedia article about the Polanski sexual abuse case.
    • Bob Murphy Show ep. 133 featuring Bob's debate with Thaddeus on postmodernism as a foundation for liberty.
    • Bob Murphy Show ep. 138 "Why the Left Hates Christianity."
    • A video on the evolution of "mumble rap." A mumble rapper's video glorifying the Illuminati.
    • Help support the Bob Murphy Show.

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

    Ep. 179 What Does the Bible Say About Taxation? Feb 07, 2021

    Nick Watts has a Master of Divinity degree from Queensland Theological College. He talks with Bob about his book, which argues that the Bible claims that taxation is tantamount to slavery. Interestingly, Nick went into his project as a conservative small government man and emerged as a Rothbardian who has no political ruler except Christ the King.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Nick Watts' website, Being Biblical. His book, Taxation Is Slavery: The Biblical Case for Libertarian Politics.
    • BMS ep. 111, with Winston Ewert on Intelligent Design. BMS ep 106 on Intelligent Design.
    • Help support the Bob Murphy Show.

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

    Ep. 178 Tom Woods and Bob Murphy Discuss the GameStop Shorting Controversy Jan 31, 2021

    Tom Woods invites Bob onto his podcast to discuss the coordinated actions of retail traders to implement a short squeeze on hedge funds, in the process causing GameStop stock to increase some 1,500%. Tom and Bob explain the basic economics involved and the political implications.

    Mentioned in the Episode and Other Links of Interest:

    • The Tom Woods Show.
    • A Bloomberg article and an ARSTechnica article giving good summaries of the timeline.
    • Bob's article on "The Social Function of Stock Speculators," and a 2008 article criticizing the government's forbidding of short-selling financial stocks.
    • Chris Cillizza's CNN article blaming GameStop controversy on Trumpism.
    • Help support the Bob Murphy Show.

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

    Ep. 177 Glenn Jacobs on Wrestling, Austrian Economics, and Political Office Jan 27, 2021

    Bob has a short but sweet conversation with Knox County Mayor Glenn Jacobs. They cover Glenn's career in wrestling, his discovery of Austrian economics, and what he's learned since entering politics.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Glenn Jacobs' Knox County mayoral page.
    • Murray Rothbard's "What Has Government Done to Our Money?"
    • Help support the Bob Murphy Show.

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

    Ep. 176 A Framework for Analyzing Tech Censorship Jan 23, 2021

    Bob explains the legal and practical issues surrounding the purge of right-wing voices from social media sites. He makes a distinction between free speech and the 1st Amendment, and critically analyzes the typical "newsstand / publisher" analogy for Section 230.

    Mentioned in the Episode and Other Links of Interest:

    • EFF article on Section 230 and why the platform/publisher distinction is a red herring.
    • Encyclopedia Brittanica entry on the First Amendment.
    • Help support the Bob Murphy Show.

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

    Ep. 175 David Andolfatto Defends the Fed Jan 17, 2021

    Ron Paul used the fall in purchasing power since the founding of the Fed to argue that the central bank had hurt regular Americans. Fed economist David Andolfatto disagrees, but Bob pushes back.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • David Andolfatto critiques Ron Paul's argument against the Fed.
    • Bob's rebuttal to Andolfatto.
    • "Has the Fed Been a Failure?" by White et al.
    • Bob's forthcoming book on Understanding Money Mechanics.
    • Help support the Bob Murphy Show.

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

    Ep. 174 Double Standards on the Capitol Storming and Explaining the Viking Guy Jan 11, 2021

    Bob offers his thoughts on the double standards in the media and pundit treatment of the Jan. 6 Capitol events. He also explains the seemingly crazy allegations from the protestor who was dressed as a Viking.

    Mentioned in the Episode and Other Links of Interest:

    • The Federalist article on leftist hypocrisy regarding violent protests.
    • Story on activists flooding Capitol during Kavanaugh hearings.
    • Bob's (controversial) tweet about why Jan. 6 was tragic.
    • Story on the Black Panthers storming the CA state Capitol.
    • Video of the QAnon Shaman (i.e. Viking guy).
    • Is our money based on debt?
    • History channel story about underground government bunkers.
    • The NYT story on Navy pilots seeing unexplained aerial phenomena (UAP).
    • Help support the Bob Murphy Show.

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

    Ep. 173 Alastair Roberts on Scapegoating in the Work of Rene Girard Jan 08, 2021

    Alastair Roberts works for the Biblically-grounded Theopolis and Davenant Institutes. He talks with Bob about the work of Rene Girard on scapegoating, and his forthcoming Bible commentary.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Alastair Roberts' YouTube channel and Soundcloud link to his podcast.
    • The Theopolis and Davenant Institutes.
    • BMS ep. 15 with David Gornoski.
    • Help support the Bob Murphy Show.

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

    Ep. 172 How Much Oil Should Humanity Use This Year? Jan 05, 2021

    Harold Hotelling in 1931 wrote the pioneering article "The Economics of Exhaustible Resources" that described the equilibrium prices over time for a finite resource such as oil or coal. Bob explains the answer and how it matches with the Austrian view of time preference.

    Mentioned in the Episode and Other Links of Interest:

    • Bob's EconLib article on the market trajectory of oil consumption and prices.
    • Harold Hotelling's pioneering 1931 article on "The Economics of Exhaustible Resources" (pdf).
    • Help support the Bob Murphy Show.

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

    Ep. 171 Mahyar Tousi on the Classical Liberal Case for Brexit Dec 29, 2020

    Mahyar Tousi has a popular show out of the UK who has been intimately involved in making the case for Brexit, coming from a classical liberal free trade perspective.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Mahyar Tousi's YouTube channel.
    • Help support the Bob Murphy Show.

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

    Ep. 170 Bob Murphy Dissects the "Shopping Cart Theory" Allegedly Blowing Up the Case for Self-Governance Dec 23, 2020

    Recently Tim Poole alluded to the so-called "shopping cart theory" of why self-governance is impossible. Specifically, because people can't even bother to take back the shopping cart when this is clearly the socially right thing to do, we can't hope to have a system relying on everyone's good nature. Bob explains what's wrong with this argument.

    Mentioned in the Episode and Other Links of Interest:

    • The blog post for the "Adventures in Pacifism: Louis CK edition" contest.
    • Ben Powell on Somalia.
    • Bob's book Chaos Theory, his article on libertarian law and military defense, his lecture on the market for security, and his lecture on military defense.
    • The Federalist No. 51.
    • Help support the Bob Murphy Show.

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

    Ep. 169 Mario Rizzo on His History with the Austrian School and the Economics of Time & Ignorance Dec 20, 2020

    Mario Rizzo is a professor in the Department of Economics at NYU--where he was Bob's dissertation chair. He talks about how he found the Austrian School and his own contributions to economics.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Mario Rizzo's homepage.
    • Mario's books The Economics of Time and Ignorance (with Gerald O'Driscoll) and Escaping Paternalism. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
    • Jeff Deist and Bob Murphy discuss Henry Hazlitt on BMS ep. 160.
    • Paul Davidson's review of The Economics of Time & Ignorance.
    • Help support the Bob Murphy Show.

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

    Ep. 168 Bob Murphy Responds to Dave Ramsey Calling IBC a Scam Dec 15, 2020

    Personal finance guru Dave Ramsey recently called IBC a scam on his popular show. Ramsey alleged that the dividends received from a mutual life insurance company were just deliberate overcharges to make the customer think he was earning a profit, even though it all came out of the customer's own pocket. Bob sets the record straight.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this episode (recommended!).
    • The YouTube video where Dave Ramsey calls IBC a "scam."
    • An Investopedia article explaining the history of cash-value life insurance and the Modified Endowment Contract (MEC) tax rules.
    • Someone else's YouTube video showcasing Dave's dismissal of Peter Schiff as an "idiot" and "kook."
    • The "Foundations of IBC" video series, put out by the Nelson Nash Institute.
    • The Case for IBC (authored by Nelson Nash, Carlos Lara, and Bob Murphy).
    • A listing of graduates of the IBC Practitioner Course.
    • Help support the Bob Murphy Show.

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

    Ep. 167 Gad Saad on Mind Viruses, and the Evolutionary Explanation for SJWs Dec 04, 2020

    Gad Saad is Professor of Marketing and holds the Concordia University Research Chair in Evolutionary Behavioral Sciences and Darwinian Consumption. He talks with Bob about his new book, The Parasitic Mind, and its relationship to the culture wars.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Gad Saad's website.
    • Saad's books The Parasitic Mind and The Evolutionary Basis of Consumption. #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
    • Gavin de Becker's The Gift of Fear. #CommissionsEarned
    • The famous honey badger video (NSFW).
    • Help support the Bob Murphy Show.

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

    Ep. 166 Explaining Kenneth Arrow's Impossibility Theorem for Social Choice Nov 27, 2020

    First Bob explains his contest involving Adventures in Pacifism--winner gets 100 smackers. Then he explains the incredibly powerful, and surprisingly Austrian, result by which Kenneth Arrow showed it was impossible to coherently aggregate individual preferences into a social ranking.

    Mentioned in the Episode and Other Links of Interest:

    • The blog post explaining the rules for the contest, Adventures in Pacifism: Louie CK Edition.
    • Bob's link for those interested in joining Liberty Classroom. (If you use this link, the site will remember who sent you if you end up joining.)
    • Bob's mises.org's article explaining Arrow's Theorem in the context of the 2020 election.
    • The Bob Murphy Show ep. 7, explaining Godel's Incompleteness Theorems.
    • Help support the Bob Murphy Show.

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

    Ep. 165 Dan McCarthy Trusts the People More Than the Elites Nov 23, 2020

    Dan McCarthy, Editor at Large of The American Conservative, joins Bob to discuss his view that conservatives and libertarians should stop heaping contempt on democracy. McCarthy argues that the elites are the real threat to liberty, not the masses.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The homepages for Modern Age and The American Conservative.
    • Help support the Bob Murphy Show.

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

    Ep. 164 Analyzing Arguments for Mask Mandates Nov 17, 2020

    Bob explains a problem with arguments against mask mandates that claim vindication whether new case loads are very low or very high. He then points out that Biden's own expert on covid-19 was skeptical of mask mandates in a June 2020 podcast episode.

    Mentioned in the Episode and Other Links of Interest:

    • Michael Osterholm's CIDRAP episode. His March 2020 appearance on Joe Rogan.
    • Bob's article on funny defenses of the Efficient Market Hypothesis (EMH).
    • Help support the Bob Murphy Show.

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

    Ep. 163 Bob Murphy Talks Faith and Economics on the "More Christ" Podcast Nov 16, 2020

    Bob was recently on Mark Connolly's "More Christ" podcast, out of Dublin. Bob fields questions about his faith, economics, and anarcho-capitalism.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The "More Christ" podcast.
    • Help support the Bob Murphy Show.

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

    Ep. 162 The NPR Thought Police and Bob’s Dispelling of One Particular Vote Fraud Claim Nov 12, 2020

    Bob laments the media's thought policing of discussion about voter fraud. However, Bob tests one particular claim alleging a "signature" of fraud and finds no smoking gun.

    Mentioned in the Episode and Other Links of Interest:

    • The Washington Post map that Bob used to derive total votes by state for senator.
    • Bob Murphy Show ep. 92 on FBI spying on the Trump campaign.
    • Bob's analysis of the IPCC reports showing that there is no "existential threat" to humanity from climate change.
    • Help support the Bob Murphy Show.

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

    Ep. 161 Steve Landsburg and Bob Murphy on Whether God or Math Is the Answer to Why Nov 07, 2020

    In a very philosophical episode, University of Rochester economist Steve Landsburg makes his pitch that mathematics is the reason there is something rather than nothing. Bob argues that this approach lacks one critical component: God.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Steve Landsburg's presentation, "Why Is There Something Instead of Nothing?"
    • Steve Landsburg's books The Armchair Economist and Can You Outsmart an Economist? #CommissionsEarned (As an Amazon Associate I earn from qualifying purchases.)
    • Steve's website.
    • Steve's recent book for the Fraser Institute, The Essential Milton Friedman.
    • Steve's original appearance on the Bob Murphy Show ep. 6.
    • Bob explains Godel's Incompleteness Theorems on BMS ep. 7.
    • The Tom Woods Show episode on one of Aquinas' arguments for the existence of God.
    • Help support the Bob Murphy Show.

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

    Ep. 160 Jeff Deist on the Character and Contributions of Henry Hazlitt Nov 03, 2020

    Mises Institute President Jeff Deist discusses the voluminous output of Henry Hazlitt as well as his role in helping Ludwig von Mises when he first came to the US. Jeff also explains the Institute's give-away offer for Hazlitt's classic work, Economics In One Lesson.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • The link for the Mises Institute's Hazlitt giveaway.
    • Jeff Deist's original appearance on BMS ep. 4.
    • Help support the Bob Murphy Show.

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

    Ep. 159 Gregory Gordon on Left vs. Right Libertarianism Oct 31, 2020

    Gregory Gordon joins Bob to discuss his recent Mises,org article on the Left vs. the Right and how it relates to libertarianism.

    Mentioned in the Episode and Other Links of Interest:

    • The YouTube version of this interview.
    • Greg Gordon's Mises.org article on the left -right divide in libertarianism.
    • Paul Gottfried on the Tom Woods Show.
    • Rob Bradley on ep. 77 of the Bob Murphy Show.
    • Jordan Peterson on hierarchies.
    • Adrian Lee Oliver on ep. 135 of the Bob Murphy Show.
    • The 2d political spectrum.
    • Help support the Bob Murphy Show.

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

    Ep. 158 A Geometric Analogy to Reconcile Paul and James on the Doctrine of Salvation Through Faith and Works Oct 27, 2020

    Building on his discussion in episode 146, Bob uses an analogy with squares and rectangles to reconcile the Biblical epistles of Paul and James and their treatment of faith and works.

    Mentioned in the Episode and Other Links of Interest:

    • BMS ep. 146, stating and defending the Protestant doctrine of salvation through faith alone.
    • Bob's debate with David Friedman on method in economics.
    • Help support the Bob Murphy Show.

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

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