128 - Robert Murphy on Austrian Business Cycle Theory

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 Bob’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. Full show notes with links at isaacmorehouse.com/podcast 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.