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Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.
Milton Friedman  
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Robert P. Murphy

Robert Murphy is an adjunct scholar of the Mises Institute, where he teaches at the Mises Academy. He runs the blog Free Advice and is the author of The Politically Incorrect Guide to Capitalism, the Study Guide to "Man, Economy, and State with Power and Market," the "Human Action" Study Guide, The Politically Incorrect Guide to the Great Depression and the New Deal, and his newest book, Lessons for the Young Economist.
Robert P. Murphy ArchiveWebsite
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44 Articles

03/26/2014How Government Wrecks the Economy  (1)
11/16/2013The Economics of ObamaCare  (3)
09/11/2012Man, Economy, and State at 50
11/23/2011The Economics of War  (4)
11/10/2011Understanding the Price of Money  (1)
11/05/2011Chaos Theory : Law without the State  (4)
11/03/2011Is Debt Necessary for Recovery?
10/31/2011Fed Policy and Asset Prices
10/13/2011Fiat Money and the Euro Crisis
10/10/2011Inflationists in Wolves' Clothing
09/16/2011Why Are Gold Prices So High?  (5)
09/13/2011The Gnome Thought Experiment : "Idle" Resources and the Allege...
09/02/2011Money : Have Anthropologists Overturned Menger?  (1)
08/30/2011The Broken-Window Fallacy  (7)
08/25/2011On the Brink of Inflationary Disaster  (16)
08/18/2011Is Deleveraging Bad for the Economy?  (2)
08/12/2011End this Agony
08/11/2011Putting the Country Back on Gold  (1)
08/09/2011Why Is the Stock Market Plunging?
08/08/2011Saved by a Trillion-Dollar Coin?
07/22/2011The Critical Flaw in Keynes's System
07/19/2011Saving, Trade, and the Confidence Fairy
07/14/2011Defaulting on the Fed's Bonds  (4)
06/27/2011The Case against Raising the Debt Ceiling  (2)
06/23/2011The Gold Standard: Myths and Lies  (6)
03/14/2011Ideas Can Overthrow Regimes
02/14/2011Investors Finally Fear the Inflation Precipice
10/05/2010The Meaning of Gold in the News
06/28/2010Can Gold Cause the Boom-Bust Cycle?
06/23/2010Money vs. Wealth
02/02/2010The Fed as Giant Counterfeiter
10/31/2009The Gold Standard and the Great Depression
09/11/2009Fiat Money: How Else You Gonna Kill 600,000 Americans?
06/15/2009Why I Expect Serious Stagflation
04/29/2009The Nuttiness of Negative Interest Rates
03/31/2009Austrians Can Explain the Boom and the Bust
01/06/2009The SEC Makes Wall Street More Fraudulent
12/16/2008Evidence that the Fed Caused the Housing Boom
07/29/2008ANWR Drilling Would Provide Quick Relief
05/27/2008The Government's Statistical Whopper of the Year
04/29/2008Are Recessions Deflationary?
04/15/2008Did the Fed Cause the Housing Bubble?
05/27/2007The Giant Gas-Gouging Gaffe
11/30/2006The Social Function of Futures Markets
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