Robert Murphy is a professor of economics at the Free Market Institute at Texas Tech University, co-host of Contra-Krugman with Tom Woods, and author of many great books on economics including The Politically Incorrect Guide to Capitalism.
This is a wide-ranging conversation that goes from what sparked Bob’s intellectual in free-market economics, to starting the Contra-Krugman Podcast, to a deep dive into Economics and specifically Austrian Business Cycle Theory.
In This Episode:
- What sparked Robert’s interests in free market economics?
- Writing The Politically Incorrect Guide to Capitalism.
- The back story behind the Contra-Krugman podcast.
- Overviewing the different schools of economics.
- Austrian Business Cycle Theory
- Would a perfectly free economy be stable?
- Why do waves of bankruptcies all line up together?
- The difference between what the Austrian School says and the Efficient Market Hypothesis
- Is it harder for the Fed to manipulate the economy now?
- From an Austrian perspective, what is concerning with the economy today?
- Staying positive when you know that there will be large negative consequences to monetary policy.
Links:
- Robert Murphy
- Contra-Krugman Podcast
- Bursting Eugene Fama’s Bubble by Robert Murphy
- Contra-Krugman Episode # 99 on the 2008 Financial Crisis
- FEE‘s “The House That Uncle Sam Built”
If you are a fan of the show, make sure to leave a review on iTunes.
All episodes of the Isaac Morehouse Podcast are available on SoundCloud, iTunes, Google Play, and Stitcher.