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- Search found 33 items for:
- Robert P. Murphy
- Free Markets
- 2011
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
Jim Manzi is not a professional economist, but he has been asking some very good questions about the confidence economists have in their models. In response, actual economist Karl Smith has defended the broad macroeconomic models that invite further “stimulus” from both the government and Federal Reserve. Ironically, Smith claims to be a fan of
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
They say there’s no such thing as bad publicity. Indeed, a recent New York magazine article — with the dubious title “The Trouble With Liberty” — includes pithy quotes from Mises Institute president Doug French, which should appeal to open-minded readers. But even though the New York author, Christopher Beam, tries to be fair to libertarians, in
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
Brad DeLong recently wrote a blog post titled “Empirical Proof That America’s Libertarians Are Completely Insane.” The “proof” was that libertarian Sasha Volokh had had the audacity to suggest that it would be immoral for the government to tax people even to stop a deadly asteroid from hitting the earth. As we’ll see, DeLong misunderstood Volokh’s
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
The political upheaval in the Middle East underscores one of the most profound aspects of Ludwig von Mises’s worldview: all governments ultimately rely on the consent of the governed. Although the claim at first sounds preposterous — who could possibly argue that a dictatorship is subject to the will of the people? — there is an important sense in
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
Legal requirements and prudence require most adults to carry various insurance policies. Although we may often take insurance for granted, it serves a valuable social function. Beyond its standard role recognized by all economists, insurance plays an important part in many Austrolibertarian proposals for privatizing traditionally state-run
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
Bernard von NotHaus was convicted last month in federal court on conspiracy and counterfeiting charges for his development of silver “Liberty Dollars.” He faces up to 25 years in prison. Earlier this week the feds moved to seize about $7 million of precious metals from the operation as well. Besides the government’s dubious legal maneuvers, its
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
“That’s quite a markup,” remarked my father as he paid for my six-year-old son’s treat after a soccer game. “Three dollars for a cup of ice.” It’s true; the price tag did seem steep at first. But as we analyzed the situation more carefully — my father is also a fan of free markets — we realized that there was no reason to be outraged at the
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
Although it has been temporarily drowned out by the discussion of Osama bin Laden, the debate over the federal-government debt ceiling continues. On Monday, Treasury Secretary Geithner sent a letter to Congress explaining that the statutory debt limit would be reached around May 16, and therefore Geithner would implement “extraordinary measures”
Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
One of the more interesting recent stories of government absurdity is New York City mayor Michael Bloomberg’s decree that starting in 2013, the Nissan NV200 minivan will become the official taxi of the city. Over the next five years, all other models will be phased out. In addition to illustrating the corrupting effects of political power, the