Unemployment: The 1930s and Today | Robert P. Murphy

[lavedon]

Great talk--I really like Dr. Murphy and I'm all on board with the Austrian view but.... Not sure Hoover staying on the gold standard was a good move. The massive deflation (not the gentle nice kind advocated by Austrians) was caused by a huge contraction of the money supply due to other central banks (France in particular) breaking the rules of the gold standard and hoarding gold. Burning money is just as bad as printing money.

[ericdisney1]

Robert P. "Bob" Murphy (born 23 May 1976) is an Austrian School economist and free market-oriented author.

[jpschubbs]

Who's the idiot who yelled out near the end of the talk? You can tell it annoyed Bob and everyone else in the audience.

[Burdell22000]

@jpschubbs 22:14 but I can´t understand what he is "saying"

[ericdisney1]

@jpschubbs lol

[aretlev]

Neo-con? Ya, right.

[fexdid]

He wasted like 2/3 of his alotted time talking about less important things. I wish he would have discussed more economics and history---THAT's where the interesting stuff happens.

[evangrogers]

@fexdid If you like economics and history - check out Thomas Woods.

[iamasmodai]

Another Neo-con Invisible Hand job...

[Scottnice]

china isn't a communist country. It's a fascist run, massive slave labour camp.

[denisonM]

china is communist numnuts and they sucessful at it. better than america's failed attempt at capitalism, America is indebted to China by trillions of dollar. And it's time to pay up.

[Scottnice]

DenisonM China technically isn't a communist country. They do embrace capitalism but they only have one political party. They are a form of fascism in a sense because the government owns a stake in all their companies.

[pretorious700]

Sorry, China tried the Communist ideal and perpetrated one of the great human rights catastrophes in modern history. They are slowly evolving into a capitalist economy more out of necessity than anything else.I lived in Cheng Du for 3 years, the government is still horribly repressive, but the people are slowly becoming aware of the rest of the world.

The Chinese possess a truly amazing work ethic, probably because of all of the decades of having no choice.

[draemalic]

@SGCadenhead - communists represent at least 20% of the global population. There are currently 6 communist countries. China being the largest. And just because there aren't a lot of libertarians doesn't mean they aren't right.

[NGrooms2007]

Murphy's book is really an informative.

[Individualism101]

Physics was going great until Einstein came along! <- and this I actually do believe.

[SGCadenhead]

Q: What do Libertarians and Communists have in common?

A: They both believe the fact that they represent .01% of the population is irrelevant.

[pretorious700]

just shows that the vast majority are idiots like you

[NGrooms2007]

Anybody here read his book The Politically Incorrect Guide to the New Deal and the Great Depression?

[ncurran1987]

No but I really want to. I'm going to put £50 aside some time and just buy a bunch of them.

[tecmason]

Murphy rocks. always funny, never dry. He does tend to ramble sometimes, but i like it. reminds me of a real conversation rather than a lecture.

[stealthswimmer]

agreed!

:D

[CFVertigo]

I first started studying Austrian economics when I was in my mid 20's.

[Shadyhunter04]

I didn't see an interest rate table until I was in college.

[ks100001]

Bob Murphy rulz.

[mpamwar]

Amazing

[freedominsomalia]

great video. i love austrian economics. always 100% haha

[sov19871987]

Seattle, oh come on, I messed you. I just moved to Seattle 2 weeks ago

[mark7996]

yes great as always

[Steenville]

Very interesting video- misesmedia is invaluable here on YouTube.