Robert Murphy returns to the show to discuss how the new GOP healthcare bill compares to Obamacare, why pre-2007 healthcare was far from a free market, and how the Democrats are misleading people when they claim repealing Obamacare will literally kill people. Murphy also explains why he expects the next financial crisis to happen in Europe, how the Fed is raising rates in an unusual way, and why price stability may be an indicator of a bubble. And, of course, how the Fed helps finance America’s wars.

Murphy holds a Ph.D. in economics from New York University, and is a Research Assistant Professor with the Free Market Institute at Texas Tech University and a Research Fellow at the Independent Institute. He is the author of many books, including Choice: Cooperation, Enterprise, and Human Action.

Discussed on the show:

Austrian Business Cycle Theory

“The Economics of ObamaCare,” by Robert Murphy

“No, Obamacare Has Not Saved Lives,” by Oren Cass

“The Effects of Medicaid Expansion Under the ACA,” Kaiser Family Foundation Study

“Why Government Doesn’t Work,” by Harry Browne

“For A New Liberty: The Libertarian Manifesto,” by Murray N. Rothbard

“How the Fed Helped Pay for World War I,” by John Paul Koning

Podcast: Play in new window | Download