Ep. 254 Karl Marx Was Kind of a Big Deal: A Response to Magness and Makovi
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…
Ep. 253 Exploring the Kanye West Controversy More Deeply
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…
Ep. 252 Bob’s Reaction to the Bernanke/Diamond-Dybvig Nobel Award
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…
Ep. 251 Mary Theroux Reminisces on David Theroux, the Founding of the Independent Institute, and Solving California’s Homelessness
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…
Ep. 250 Bob Murphy vs. Biden Administration on Fuel Inventories
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…