Robert Murphy, author of The Politically Incorrect Guide to Capitalism and the blog Free Advice and ConsultingByRPM.com, discusses David Frum's concern that the Austrian School of economics is rapidly gaining favor over the Chicago School, Frum's faulty recollections of monetary policy in the Reagan administration, how the Fed's war on recessions prevents the market from self-healing by redistributing resources where needed, and the right-wingers who supported bailouts under Bush but oppose...

Robert Murphy, author of the blog Free Advice and ConsultingByRPM.com, as well as The Politically Incorrect Guide to Capitalism, discusses the bearish economic indicators that contradict the official "recovering" story, why relatively stable consumer prices could be the calm before an inflationary storm, how government regulation often benefits big business through regulatory capture and increased barriers to competitors and how the Republicans give the free market a bad name when they don't...

Robert Murphy, senior fellow at the Ludwig von Mises Institute and author of The Politically Incorrect Guide to Capitalism, discusses why hundreds of trillions in derivatives contracts are not as big a deal as they seem, the economic stalemate from competing deflationary and inflationary forces, a revisionist history of Paul Volcker's term as Fed chairman, innovative entrepreneurs making the best of the Haitian disaster and why charity and libertarianism are not mutually exclusive.

Robert Murphy, author of The Politically Incorrect Guide to Capitalism, discusses the inevitability of severe inflation due to the increase in the money supply, the speculation that a new world reserve currency will replace the U.S. dollar, and takes live questions from listeners to the show.

Last week I twice spoke with Robert Murphy of the Free Advice blog and author of The Politically Incorrect Guide to Capitalism. The archive of both interviews has finally arrived.

Robert Murphy, author of the blog Free Advice and ConsultingByRPM.com, as well as The Politically Incorrect Guide to Capitalism, discusses the financial crisis, Credit Default Swaps, the manipulation of modeling systems, the Austrian school economists' predictions of the housing bubble’s burst, the myth of our 'free-market,' why artificial booms lead to busts, the danger of price controls and the case against monetarist economics.

Robert Murphy, senior fellow in business and economic studies at the Pacific Research Institute and adjunct scholar at the Ludwig von Mises Institute, discusses the financial and credit meltdown, the perils of central banking, the reckless risks taken by the banks because they knew the Fed would socialize the costs if they failed, the use of the IRS as a weapon against dissent and the in's-and-out's of the inflation game.