Ep. 492 Economics of the Petrodollar and ZeroHedge Debate Murphy vs Wray

Adam Haman returns to discuss with Bob the economics of the petrodollar. They also go through some key moments from the recent ZeroHedge debate between Bob and MMT co-founder Randall Wray.Mentioned in the Episode and Other Links of Interest:The YouTube version of this conversation.The ZeroHedge debate.Scott Beyer on the petrodollar.Bob critiques the sectoral balance demonstration, and Kelton's book.This episode’s sponsor, The Swan Brothers.The HamanNature substack.Help support the Bob Murphy Show.

Bob was recently on the "What Is Money?" podcast to probe the philosophical underpinnings of Austrian economics.Mentioned in the Episode and Other Links of Interest:The YouTube version of this interview.HHH's Economic Science and the Austrian Method (ESAM).BMS ep 7 explaining Godel's theorem.Bob's earlier appearance on "What Is Money?" (recorded on-site at the inaugural ARC conference).Help support the Bob Murphy Show.

Adam Haman returns to discuss with Bob the legacy to economics left by Murray Rothbard and Roger Garrison, in light of the 100th anniversary of Rothbard's birth and the recent passing of Garrison.Mentioned in the Episode and Other Links of Interest:The YouTube version of this conversation.Rothbard's Man, Economy, and State and Bob's Study Guide to it.Garrison's 1984 journal article. The home base of his amazing PowerPoints.Bob's journal article on Garrison's model related to neoclassical growth theory.This episode’s sponsor, The Swan Brothers.The HamanNature substack.Help support the Bob Murphy Show.

Michael Fraser is a business consultant on leading LLMs, with an extensive knowledge of praxeology. He joins Bob to discuss the Pentagon's decision to sever ties with Anthropic and even designate them a supply chain risk.Mentioned in the Episode and Other Links of Interest:The YouTube version of this interview.Anthropic CEO's statement in response to Hegseth decision.Academic paper putting leading LLMs into a wargame.Good examples of "jailbreaking" safeguards on LLMs.The BMS interview of Steve Landsburg discussing Grothendiek.Michael Fraser's interview on the InFi podcast, discussing LLMs as a cauldron, not a crystal ball.Help support the Bob Murphy Show.

Adam Haman returns, this time to discuss a recent paper summarizing the performance of leading LLMs in wargames.Mentioned in the Episode and Other Links of Interest:The YouTube version of this conversation.The NewScientist article reporting (inaccurately) on this research paper.BMS ep 467 on the weaknesses of modern game theory.This episode’s sponsors, the Scott Horton Academy and The Swan Brothers.The HamanNature substack.Help support the Bob Murphy Show.

Bob continues his commentary on John chapter 3, this time on verses 13 through 17. This includes the famous verse John 3:16, which lays out the recipe for eternal life through belief in Jesus.Mentioned in the Episode and Other Links of Interest:The previous episode in this series, i.e. BMS ep 475, Installment 10: Being Born Again.John Piper on Moses lifting up the serpent.John Piper answers: Does God love the non-elect? Help support the Bob Murphy Show.

Adam Haman returns, this time to help Bob parse the Epstein-Bannon interview footage that was released with the general Epstein file dump. It reveals a glib character who plays fast and loose with his anecdotes.Mentioned in the Episode and Other Links of Interest:The YouTube version of this conversation.The Epstein-Bannon footage.This episode’s sponsors, the Scott Horton Academy and The Swan Brothers.The HamanNature substack.Help support the Bob Murphy Show.

Adam Haman returns to address a small but vocal minority who allege that the Epstein file dump was a big nothingburger, and that there is no evidence for a global trafficking cult.Mentioned in the Episode and Other Links of Interest:The YouTube version of this conversation.This episode’s sponsor, Monetary Metals.The HamanNature substack.Help support the Bob Murphy Show.

Adam Haman returns, to help Bob unpack a fascinating article outlining the intersection of stablecoins and monetary compeition among the global powers.Mentioned in the Episode and Other Links of Interest:The YouTube version of this conversation.This episode’s sponsors, the Scott Horton Academy and The Swan Brothers.Bob's episode on a billionaire bunker, and the leaked briefing to the president.The HamanNature substack.Help support the Bob Murphy Show.

Robert Bryce is an expert on energy markets and their intersection with geopolitics. He joins Bob to explain the long-standing US hostility toward the Chavez and then Maduro regimes. He also explains the fragility of the Cuban regime, which had depended on Venezuelan exports.Mentioned in the Episode and Other Links of Interest:The YouTube version of this interview.Robert Bryce's substack column. His previous interview on the InFi podcast talking about rare earths and magnets.The link for this episode’s sponsor, Monetary Metals.Help support the Bob Murphy Show.