Unemployment: The 1930s and Today | Robert P. Murphy
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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.
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Robert P. "Bob" Murphy (born 23 May 1976) is an Austrian School economist and free market-oriented author.
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@jpschubbs lol
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@jpschubbs 22:14 but I can´t understand what he is "saying"
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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.
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@fexdid If you like economics and history - check out Thomas Woods.
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Neo-con? Ya, right.
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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.
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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.
Very interesting video- misesmedia is invaluable here on YouTube.
Steenville 2 years ago 32
Bob Murphy rulz.
ks100001 2 years ago 8