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Robert P.    Murphy Robert P. Murphy

Robert Murphy is an adjunct scholar of the Mises Institute, where he teaches at the Mises Academy. He runs the blog Free Advice and is the author of The Politically Incorrect Guide to Capitalism, the Study Guide to "Man, Economy, and State with Power and Market," the "Human Action" Study Guide, The Politically Incorrect Guide to the Great Depression and the New Deal, and his newest book, Lessons for the Young Economist. Send him mail.

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Mises on Money and Banking
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The Social Function of Profit-and-Loss Accounting
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Defending the Austrian Explanation of the Great Depression from an Internet Attack
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The Economics of War
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Understanding the Price of Money
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Law without the State
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Is Debt Necessary for Recovery?
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Fed Policy and Asset Prices
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Rothbard on Land Prices
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Econ Nobel: Here We Go Again
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Fiat Money and the Euro Crisis
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Inflationists in Wolves' Clothing
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Elizabeth Warren's Blank Check
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The Fed's Long Shot
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An Economist Goes to the Grocery Store
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Money, Monopoly, and Market Intervention
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Is Social Security a Ponzi Scheme?
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Why Are Gold Prices So High?
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My Advice to Young People
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The Gnome Thought Experiment
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The Feds Block AT&T's Merger with T-Mobile
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Tonight: Econ Cage Match of DEATH
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Have Anthropologists Overturned Menger?
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The Broken-Window Fallacy
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On the Brink of Inflationary Disaster
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An Open Letter to Mayor Bloomberg
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The Sovereign Debt Crisis
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Is Deleveraging Bad for the Economy?
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End This Agony
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Why Is the Stock Market Plunging?
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Saved by a Trillion-Dollar Coin?
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The Economics of Coupons and Other Price Cuts
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Putting the Country Back on Gold
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The Economics of Big Cities
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Nelson Mandela and Volunteerism
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The Critical Flaw in Keynes's System
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Saving, Trade, and the Confidence Fairy
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Defaulting on the Fed's Bonds
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Production Theory and the Market Process
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PorcFest 2011
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Anarchy in Somalia
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The Lovely and Productive World of Thomas
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Walmart and Discrimination
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The Chicago School versus the Austrian School
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Keynes, Krugman, and the Crisis
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The Gold Standard: Myths and Lies
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The Case against Raising the Debt Ceiling
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A Primer on the Never-Ending Bust
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Do We Need a Weak Dollar?
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Subjective-Value Theory
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Policing for Profit
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Problems with the Cost Theory of Value
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Can Government's Finances Be Compared to a Household's?
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Is Insider Trading Really a Crime?
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The Road to Taxi Serfdom
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The Upside-Down World of MMT
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Auction Off the State
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The Economics of Slushy Drinks
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The Sphinx Speaks!
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Is Budget Austerity Modern-Day Hooverism?
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Uncle Sam: Busted
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The Capitalist in the Hat
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Study Rothbard in the Digital Universe of the Mises Academy
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The Social Function of Insurance
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The "Crime" of Private Money
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Is Inflation Harmless or Even Good?
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Anne Hathaway and Automatic Trading
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Where Is QE2 Taking Us?
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The Japanese Currency Intervention
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Why Is Unemployment So High?
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Everybody Knows Bernanke Is a Joke
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Three Flawed Fed Exit Options
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Ideas Can Overthrow Regimes
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What's Wrong with Government Debt
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Caught: Krugman's Shifting Arguments
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Hidden Assumptions in Option Pricing
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Empirical Evidence That Brad DeLong Is Completely Obtuse
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Ac-cent-tchu-ate the Positive: The New Accounting at the Fed
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Charles Plosser, Our Man on the Fed?
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Lost in a Maze of Money Aggregates?
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Investors Finally Fear the Inflation Precipice
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Subjective Value and Market Prices
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Blinder Understates the Cost of a Carbon Tax
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Are "Sticky Wages" a Market Failure?
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Should Congress Raise the Debt Ceiling?
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My Reply to Krugman on Austrian Business-Cycle Theory
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Can Austrian Theory Explain Construction Employment?
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Is There a Conservative Case for QE?
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Learn Principles of Economics at the Online Mises Academy
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Following the Efficient-Markets Hypothesis into Absurdity
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Christopher Beam Takes On Libertarianism
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Interwar Presidents and the Fantasies of Historians
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Is Big Government a Myth?
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Have Events Vindicated Keynesian Models?
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Rise of the Free-Market Zombies
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How Much Faith Should We Put in Keynesian Models?
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The Reality of the Tax Deal
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The Fed: The Chicago School's Achilles Heel
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Anatomy of the Fed
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Privatizing Air Security
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