Bob Murphy Show

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 [https://youtu.be/ikiLM_dEK4g] of this conversation. * The ZeroHedge debate [https://www.youtube.com/watch?v=zsoNJPb--CU]. * Scott Beyer [https://www.independent.org/article/2026/02/27/petrodollar-war-theory/] on the petrodollar. * Bob critiques the sectoral balance [https://mises.org/mises-daily/upside-down-world-mmt] demonstration, and Kelton's book [https://mises.org/quarterly-journal-austrian-economics/deficit-myth-modern-monetary-theory-and-birth-peoples-economy]. * This episode’s sponsor, the Scott Horton Academy [https://scotthortonacademy.com/crossover/]. * The HamanNature substack [https://hamannature.substack.com/]. * Help support [http://bobmurphyshow.com/contribute] the Bob Murphy Show.

Ep. 491 Robert Breedlove Asks Murphy for a Deep Dive into Praxeology

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 [https://youtu.be/QMeWgf9qp80] of this interview. * HHH's Economic Science and the Austrian Method [https://mises.org/library/book/economic-science-and-austrian-method] (ESAM). * BMS ep 7 [https://www.bobmurphyshow.com/episodes/ep-7-godel-made-easy/] explaining Godel's theorem. * Bob's earlier appearance on "What Is Money?" [https://www.youtube.com/watch?v=RLeBd3ORi6k] (recorded on-site at the inaugural ARC conference). * Help support [http://bobmurphyshow.com/contribute] the Bob Murphy Show.

Ep. 490 Remembering the Economic Contributions of Rothbard and Garrison

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 [https://www.youtube.com/watch?v=fpOWw8mB_e8] of this conversation. * Rothbard's Man, Economy, and State [https://mises.org/library/book/man-economy-and-state-power-and-market?gad_source=1&gad_campaignid=22801526610&gbraid=0AAAAADhCyIUTU4FMTYFGyOaXIo-6eccfd&gclid=CjwKCAjw687NBhB4EiwAQ645dqEL7hoSQXPtv7KlM6nMTKh9q9vnu_wblmDew5eAOliLoTetl1uwChoC6fwQAvD_BwE] and Bob's Study Guide [https://cdn.mises.org/Study%20Guide%20of%20Man%2C%20Economy%2C%20and%20State_2.pdf] to it. * Garrison's 1984 journal article [https://webhome.auburn.edu/~garriro/b6time.htm]. The home base of his amazing PowerPoints [https://webhome.auburn.edu/~garriro/ppsus.htm]. * Bob's journal article on Garrison's model [https://mises-media.s3.amazonaws.com/Is%20Garrisons%20Notion%20of%20Secular%20Growth%20Compatible%20with%20the%20Solow%20Growth%20Literature.pdf] related to neoclassical growth theory. * This episode’s sponsor, The Swan Brothers [https://theswanbrothers.com/crossover]. * The HamanNature substack [https://hamannature.substack.com/]. * Help support [http://bobmurphyshow.com/contribute] the Bob Murphy Show.

Ep. 489 Michael Fraser Explains the Pentagon Decision to Dump Claude

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 [https://youtu.be/ZFNa8gd0Kq4] of this interview. * Anthropic CEO's statement [https://www.anthropic.com/news/statement-department-of-war] in response to Hegseth decision. * Academic paper [https://arxiv.org/pdf/2602.14740v1] putting leading LLMs into a wargame. * Good examples of "jailbreaking" safeguards [https://www.youtube.com/watch?v=1c-SCmdD_ys] on LLMs. * The BMS interview of Steve Landsburg [https://www.youtube.com/watch?v=qu7Ryc1jIyI] discussing Grothendiek. * Michael Fraser's interview on the InFi podcast [https://www.youtube.com/watch?v=bZBMLG9b8eM], discussing LLMs as a cauldron, not a crystal ball. * Help support [http://bobmurphyshow.com/contribute] the Bob Murphy Show.

Ep. 488 Do LLMs Always Escalate to Nuclear War?

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 [https://youtu.be/n4p4pWGJ61o] of this conversation. * The NewScientist article [https://www.newscientist.com/article/2516885-ais-cant-stop-recommending-nuclear-strikes-in-war-game-simulations/] reporting (inaccurately) on this research paper [https://arxiv.org/pdf/2602.14740v1]. * BMS ep 467 [https://www.bobmurphyshow.com/episodes/ep-467-haman-and-murphy-discuss-the-weaknesses-of-game-theory/] on the weaknesses of modern game theory. * This episode’s sponsors, the Scott Horton Academy [https://scotthortonacademy.com/crossover] and The Swan Brothers [https://theswanbrothers.com/crossover]. * The HamanNature substack [https://hamannature.substack.com/]. * Help support [http://bobmurphyshow.com/contribute] the Bob Murphy Show.