Ep. 418 Steve Keen Sides With MAGA over MMT on Trade Deficits

Adam Haman returns to discuss various clips on the Israel/US conflict with Iran.Mentioned in the Episode and Other Links of Interest:The YouTube version of this conversation.Tulsi Gabbard's clarification on her March testimony.The Tucker/Cruz interview.Dave Smith's "funeral" for Ben Shapiro.Dave Smith vs. Konstantin Kisin on Piers Morgan.The HamanNature substack.Help support the Bob Murphy Show.

Steve Keen is an iconoclast economist who is sympathetic to MMT claims that right-wingers worry too much about government budget deficits. However, in a recent post Keen says that Trump Admin economists (such as Stephen Miran) make more sense on trade deficits than Warren Mosler does.Mentioned in the Episode and Other Links of Interest:The YouTube version of this conversation.This episode’s sponsor, PersistSEO.com.Steve Keen's free book and subscription-based online course.Steve's post on trade deficits, Trump, and MMT.Murphy and Hendrickson give qualified support to Miran's paper on tariffs.Help support the Bob Murphy Show.

Kristian Fors is a research fellow with the Independent Institute. He joins Bob to discuss his new policy report, which explains why so many insurers are pulling out of the California homeowners market, and how to fix it.Mentioned in the Episode and Other Links of Interest:The YouTube version of this interview.Kristian Fors' policy report on the CA homeowners insurance crisis. Independent Institute's Golden Fleece awards.The link for Monetary-Metals.com.Help support the Bob Murphy Show.

Adam Haman returns, this time to discuss Jacob Hornberger's recent video, where he critiques the Haman/Murphy/Dave Smith takes on immigration.Mentioned in the Episode and Other Links of Interest:The YouTube version of this conversation.Jacob Hornberger's critique of Haman/Murphy/Smith.The SoHo Forum immigration debate between Dave Smith and Alex Nowrasteh. Adam and Bob's original analysis of the SoHo Forum immigration debate. Bob's breakdown of it on Human Action podcast. Bob's interview of Nowrasteh on the debate.The HamanNature substack.Help support the Bob Murphy Show.

Alex Nowrasteh is Vice President for Economic and Social Policy Studies at the Cato Institute. After Bob (on the Human Action podcast) summarized the recent SoHo forum immigration debate between Alex and Dave Smith, Alex had written a substack article responding to Bob's critique. Alex joins Bob to discuss the controversy, covering the empirical studies, the Hoppean argument concerning government-controlled property, and the current situation in LA.Mentioned in the Episode and Other Links of Interest:The YouTube version of this conversation.This episode's sponsor, PersistSEO.com.The SoHo Forum immigration debate.Alex Nowrasteh's substack column pushing back against Bob's critique. The list of CATO studies (co-)authored by Alex Nowrasteh.Bob and Adam Haman comment on the SoHo debate. Bob goes solo on the Human Action podcast to parse Dave Smith's arguments and to question Alex's empirical claims.Bob's episode talking about blockades and immigration in a free society (with reference to his novel, Minerva).Help support the Bob Murphy Show.

Adam Haman returns. In this episode he and Bob share life lessons from their respective fields of expertise (card-playing and economics).Mentioned in the Episode and Other Links of Interest:The YouTube version of this conversation.The HamanNature substack.Help support the Bob Murphy Show.

Bob explains the fundamental role that subjective choice plays in various fields, suggesting there is something quite extraordinary about it.Mentioned in the Episode and Other Links of Interest:Bob's book Choice. A recent Human Action podcast episode with Jonathan Newman, discussing Bob's introductory textbook and why action is so important in economic science.BMS ep. 304, the first installment of the Bible commentary, which includes Bob's movie theater analogy for reconciling free will and determinism.BMS ep. 257 laying out Hans Hoppe's case that Mises' action axiom solved the mind-body problem.A good YT video explaining the weird results of the 2-slit experiment.A good YT on Bell's Theorem. Sabin Hossenfelder on Hoofdt and superdeterminism.InFi ep. 22 featuring Michael Fraser, who consults with business leaders that they should view AI as a cauldron, not a crystal ball.Background info on the Axiom of Choice from set theory.Help support the Bob Murphy Show.

Adam Haman returns, this time for a 2fer. First he and Bob discuss the recent SoHo Forum debate on immigration between Dave Smith and Alex Nowrasteh. Then they discuss Michael Malice's recent appearance on Bret Weinstein's DarkHorse podcast to talk about egalitarianism and anarchy.Mentioned in the Episode and Other Links of Interest:The YouTube version of this conversation.The SoHo forum debate, and the Michael Malice interview.BMS ep 194 on Bob's views on immigration under anarchy.Dave Smith on the Human Action podcast laying out his views on immigration vis-a-vis libertarian theory.The HamanNature substack.Help support the Bob Murphy Show.

Dr. Protais Nshogoza is the Rwanda National Coordinator for ECLEA (Equipping Church Leaders -- East Africa). He lived through the Rwandan genocide though many of his friends and family did not. Even as a Christian pastor, Protais struggled with thoughts of revenge until God showed him the power of forgiveness.Mentioned in the Episode and Other Links of Interest:The YouTube version of this interview.Protais' organization in Rwanda. The section of ECLEA's website on Rwanda.BMS ep 392 with Jonathan Menn (who started ECLEA).Help support the Bob Murphy Show.

Adam Haman returns, this time helping Bob to evaluate Oren Cass--a leading protectionist on the right--in his recent appearance on the Tucker Carlson show.Mentioned in the Episode and Other Links of Interest:The YouTube version of this conversation.Oren Cass on Tucker Carlson.Bob's interview of Oren on the InFi podcast.Oren's essay on free trade's "origin myth," and Phil Magness' response.The HamanNature substack.Help support the Bob Murphy Show.