| Bob Murphy discusses the kernel of truth in the parody of Paul Krugman’s “destruction boosts the economy” theory (wouldn’t that make Haiti among the world’s richest countries?); Ron Paul’s plan for gold-backed currencies to compete with Federal Reserve dollars; how a gold standard limits the government’s ability to inflate the currency and make wars; how artificially low interest rates create unsustainable consumption; the new economic bubble emerging in sovereign debt, where risk and interest rates remain out of whack; how the US government continues accumulating debt by leaps and bounds; and why things will get interesting, in a bad way, when interest rates increase. Check out the interview page here: https://scotthorton.org/robert-p-murphy-2/ For more on Scott’s work: You can also support Scott’s work by making a one-time or recurring donation at https://scotthorton.org/donate/ |
Robert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of many books. His latest is Contra Krugman: Smashing the Errors of America's Most Famous Keynesian. His other works include Chaos Theory, Lessons for the Young Economist, and Choice: Cooperation, Enterprise, and Human Action (Independent Institute, 2015) which is a modern distillation of the essentials of Mises's thought for the layperson. Murphy is co-host, with Tom Woods, of the popular podcast Contra Krugman, which is a weekly refutation of Paul Krugman's New York Times column. He is also host of The Bob Murphy Show.
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