Ep. 246 Tim Pool on Labor Migration and Are We in a Recession?
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.
About the author, Robert
Christian and economist, Chief Economist at infineo, and Senior Fellow with the Mises Institute.
Hi Bob, try and organize an interview with Dr Nomi Prins if she will talk to you.
https://nomiprins.com/
She isn’t exactly Austrian School, and might loosely be described as “Leftist” in the older sense when the Left still believed in free speech. Back around 2018 she made a few contributions to Mises Dot Org.
https://mises.org/profile/nomi-prins
She’s the anti-universe version of Stephanie Kelton … I’m sure she would enjoy it if you tossed up a few curveball MMT questions, to see what happens.