Bidenomics | Robert P. Murphy

Recorded at the Mises Institute in Auburn, Alabama, on 22 July 2021. Download the slides from this lecture at Mises.org/MU21_PPT_27.

[@sburgos9621]

Bidenomics: Keep printing until the cost of paper and ink exceeds the value of the currency you are printing.

[@Dexter55999]

That's republicandemocratanomics. The two sides just print for different reasons.

[@MrSirFluffy]

That's why they will be introducing the CBDC soon, backed by the SDR. That's when things well get hella messy. They will have programmable currency.

[@4biFarm]

Already happened with the penny, you can melt them down and sell the copper for significantly more than the penny is "technically" worth. Not exactly the return to sound money that I'd pictured but hey I'll take it!

[@caposolomon8745]

@@Dexter55999 no body had printed out money as much as Biden. All his plains cost more money than ever been created. It's clear he want to leave a legacy. He doesn't care how much people are going to suffer from this, since he know he'll be a one term president and he'll be long gone before the consequences reaches up with us. The right doesn't throw away money as much as the left. I don't want to hear about the military since the military only cost around 13 percentage of the spending.

[@Roger11719]

he herr herrr gout em!

[@neeltheother2342]

I see great potential in this lecture with the KZbin algorithms.

[@tylergarrett7692]

It’s great to see that David Cross has gotten better politically

[@jaym2111]

lol

[@VanMiddeConcrete]

He’s come a long way from bluing himself

[@sk00lb0y]

Lol

[@jtrax7306]

Yes good to see his analysis and therapist training working for him. The first analrapist

[@hateferlife]

Ha! I guess the money in the banana stand finally...froze up. I’ll see myself out.

[@SeekingNamelessly]

"Equitable growth" - as if we are all helpless vegetables entitled to our own little partition of water

[@GG256_]

This is exactly how the elite sees us. Edit: except they're deluded enough to believe they get to decide upon how much water according to arbitrary nonsense.

[@TheChuckFina]

Bidenomics: "How to take paper, which has a monetary value, and ink, which also has a monetary value, and make them both worthless."

[@LovingPrinceTamayuki]

His comment about how, "there are some dog groomers that need licenses"? All I could think of was, "what's next, needing a license to put toast in my own damn toaster?"

[@anng.4542]

And a tax per slice! /sarc

[@LovingPrinceTamayuki]

@@anng.4542 Gosh the other day I found out there's regulations outlawing the sale of llama poop in the USA, and I studied taxes in college I already knew how bad it was there. I think my favorite is the bagel slicing tax, although the the 911 services tax is an interesting tax when you think about the comparative logic of sin taxes. (Like alcohol and tobacco) are they trying to discourage people from calling the police? 🤔🤔🤔

[@elementaesthetique]

The UK is talking about Freedom Licenses for the vaccinated.....

[@LovingPrinceTamayuki]

@@elementaesthetique The UK already jails plenty of people for disagreeing with the crown.

[@JeepCherokeeful]

Hairstylist licenses are issued by each state and only valid in the issuing state so...your toaster license would have “limited” use too I’d suppose.

[@leonmihalic4938]

Bob Murphy: "They are wrong by their own standards"

[@aaronburr2816]

Bob they are wrong by their own standards Murphy

[@josiahfugal5407]

Careful, you're being truthful on KZbin. They've been known to ban things like that.

[@blainepotskin1884]

Watch wreck it Ralph 2! It’s about KZbin algorithm. Somebody hardwired can get certain stuff out. Then the computer AI will counter act it. I’m assuming my opinion yo

[@theyoungkulaks3381]

Love hearing this man speak. Thank you.

[@Semino1eC4]

I love the username.

[@martinliehs2513]

Great avatar and username.

[@GodsCosmicBollock]

Yeah, good username!

[@boohoo746]

he has a podcast too ... www.bobmurphyshow.com/episodes/

[@theyoungkulaks3381]

@@boohoo746 Thanks

[@ilikepeanuts7396]

For the algorithm, we need to support educators who actually push education and not fanatical obedience.

[@harrysachs2274]

Bob Murphy should be household name.

[@order9066]

I'm old enough to remember the "ozone hole" hysteria.

[@chrisclement6789]

Oh yes! I wonder what happened to that

[@billmelater6470]

I was still getting little science articles about global cooling in gradeschool.

[@wecanonlywish9194]

Wow.. I had totally forgot about that! The "Ozone hole" was going to grow, and we all were going to be sunburned. The EPA began demanding that businesses and corporations, had to eliminate 'unfriendly' Ozone emission particless. Then.. Oops! It grew, then it shrank, then it moved. Finally (like climate change) it was exposed as a NATURALLY occuring phenomenon, that obviously (in hind sight) had been taking place for centuries.

[@martinliehs2513]

@@billmelater6470 As a 13 year old in 1977, I remember starting to learn about the coming ice age in Popular Science magazine, while also running out of oil to heat our homes.

[@goatface6602]

and the new ice age, swine flu, toxic shock syndrome, aids wipes out humanity, and KILLER BEES! Etc etc

[@AlexiusRedwood]

For the KZbin algorithm

[@RedShnow]

Just because we comment on a Mises video doesn't mean we tricked KZbin. They've got them on a permanent shadow ban list.

[@visitante-pc5zc]

@@RedShnow very true.

[@user-gc1el8qq4g]

@@RedShnow I'm not sure about that, though. I got redirected to my first Mises lecture from some socialist-leaning video, so they are probably underrepresented, but are unlikely to be shadow banned.

[@tannerborchardt8675]

I got it, this video is so cool, I’m going to show all of my democratic LGBTQ+ Friends

[@erjo8199]

I guess it worked. This video was in my recommendations

[@wesleyking6713]

Bob Murphy is one of my favorite lecturers. I hope he puts out more stuff like this in the future. He just explains stuff really well.

[@TeemuSintonen]

Preach.

[@briankeeney9272]

When I get to watch this entire thing with no commercials but an eight minute demonetized Timcast video has 5 ads: 🤔

[@jarrod752]

I'm gonna miss this channel when it gets banned for spreading misinformation.

[@Sheeshening]

Or flagged because the word debt is a microaggression

[@Sixstringman]

Not just misinformation. RUSSIAN misinformation.

[@richardjbarlow]

Mis-information as in missed information?

[@richardlindquist5936]

Reeeeeee!!

[@cantdestroyher7245]

@Chad 88 ruining someone’s life because you don’t agree with their politics is holding them accountable?

[@TheCruxy]

Bob and his suit look classy/timeless here, good change from his blue mafia suit a number of years ago

[@jrdougan]

Works well with his economist beard too.

[@PickingProfits]

Big fan of his work but his shirt neck size is WAY too big.

[@jrdougan]

@@PickingProfits Definitely. I wonder if the shirt is from before he lost some weight?

[@realLoganMoody]

I finally stumbled on this gem of a channel. So much for "free speech" on KZbin.

[@YashArya01]

We need more depth in these videos that target current policies. 45 mins is barely enough to scratch the surface.

[@ChemicalOly]

Watch "The Academic Agent" channel for some good economics videos from an Austrian perspective,some fun political punditry and cultural discussions!

[@mattrR678]

Studies show that your attention span is 50-60 minutes. That is why lectures is typically that long.

[@ChemicalOly]

@@mattrR678 Dr Jordan Peterson talks about his rise to popularity and how his 3 hour long lectures became so popular. Technology has opened doors to academia and philosophy like never before. People who are say lorry drivers or work with their hands now have access to 3 hour discussions on all sorts. I certainly listen to 3-4 hour discussions while I'm working on economics, politics and philosophy!

[@YashArya01]

@@mattrR678 I have no issue with an individual talk being 45-60 mins long.

[@barrbudo]

If you consider "duration" to be the basis for "depth", you will miss out on many lectures like this one as they deliver great content in less time than you'd consider necessary.

[@kylebradley3]

Some kid heard the joke "everybody talks about the weather and nobody does anything about it" and just ran with it.

[@Average_CoD_Clips]

I was starving for facts but this was a great 45 minute meal.

[@copper2walcott]

So refreshing and applicable for today's issues. Great presentation.

[@verycoolguy3457]

Awesome! Love listening to bob

[@robertpolasek8936]

Thank you for puting these online!!!

[@nathanoslevrai8550]

the unemployment compensation is paid by employers. NOT the government.. My small business had a massive increase in unemployment insurance payroll tax after returning from "quarantine". The liability lands on small business owners....

[@golfer435]

The same small businesses that are losing workers because of the unemployment compensation

[@thatmeme1360]

Well said, few know or care to learn the how things work sometimes.

[@MidnightInExile]

More of this guy, please.

[@tophan5146]

I watched it till the end, it was good. Subscribed. Will watch other videos of this guy.

[@Paidwellington]

Rob Murph! The heavy weight champ.. Always love hearing you speak

[@MattTillmanhart]

Bob looks like he just survived a bloody boop war.

[@maketheconstitutiongreatag5038]

“And the question is whether or not we should be in a position where are why can’t the experts say we know that this virus is in fact its going to be our excuse we know why the all the drugs approved are not temporarily approved and but permanently approved, that’s underway too.” -Joe R. Biden Hope this helps the algo

[@TheSunshineGroup]

Is my head supposed to hurt?

[@golfer435]

What?

[@sneakthieve]

RPM! I’m excited for this one.

[@juandelgadillo2656]

really good lecture, everyone needs to hear this

[@otomicans6580]

It's great to hear people actually cite their sources.

[@TheGerogero]

Bob's got his weight under control. Looking good!

[@billmelater6470]

Fantastic lecture. Should do a more in depth series.

[@scottbernard8824]

"One has to free oneself from the illusion that international climate policy has anything to do with environmental policy. Rather, we redistribute defacto the world's wealth through climate policy." -- Ottmar Edenhoffer, former Chairman of the IPCC.

[@zjg3913]

Can you imagine being a writer at Vox and performing mental gymnastics of this magnitude every day?

[@sgt.squirtle2528]

A compilation of Bob Murphy asking if the mic volume is good

[@mathurex211]

Bidenomics: Whatever Carter tried, let's do that.

[@DrProgNerd]

Great video. More please.

[@Undone007]

Really good. Enjoyed this 👍

[@benalor1973]

Good lecture, mostly commenting to help the algorithm.

[@thatmeme1360]

Knowledge.

[@b4u334]

This guy is great. Very clear thinker

[@spartaninvirginia]

Excellent video.

[@Samsgarden]

Have a question for Murphy but he doesn’t seem as active on the web as he once was. Do sticky wages or nominal rigidity apply to private contractor rates as well as wages? Thanks

[@ferdburful6352]

Show me any economist that ever got it right. “ there’s no recession “ six months after the recession. These guys are correct at least as many times as the weatherman

[@painless4785]

Directionally, sound austrian/chicago school economics is right. The problem is unforeseen policy changes (monetary and fiscal) and the inability to predict new technology/anything new and significant. This is why they say 'ceterus peribus' as a caveat so often. Government shills disguised as economists are another matter.

[@roshansundar6618]

One for the algorithm!

[@acoolog]

Great lecture!

[@sonofode902]

Thank you for the informations.

[@AclypseOfReason]

I miss David Cross. I am glad he landed a good job.

[@toddjohnson4884]

Bob Murphy is a beast

[@laederefacile]

Muito bom! Esse video do bidenomics

[@deans67pala]

WOW!!! Great job

[@ikuyas5227]

Brain surgeons can get a certificate from the accrediting institutions who also compete against other accrediting institutions to verify the doctors. It's like NCAA. NCAA is a simply private club. Also, universities and colleges are accredited by a few private institutions. You can literally create a college accrediting institution this morning, create a college this afternoon, and establish a new university officially accredited tonight, and the process of accrediting universities around the nation is exactly the same as this process.

[@jacobcastro1885]

But... but.... it's accredited, it must mean something! (Ah hem... they're fact checkers, they must be right!)

[@TehRasia]

good job, bob

[@rosstrottier]

Most favorite economics lecturer 😎👌

[@hfnna]

Great lecture

[@MJ-cs8ec]

😮 he’s brilliant

[@ALEXANDER1318]

"We are from the government, and we are here to help."

[@daltonbrasier5491]

Bob murphy has to be the most underrated AnCap.

[@4963AM]

God Bless Bob Murphy.

[@jimbrown5268]

Great talk

[@N0stalgicLeaf]

"putting money into the economy like going to Taco Bell at 3 AM" I think that's a perfect summation of the extent of Grandpa Joe's thinking on the matter.

[@rogue8533]

Fast food are part of the average american lifestyle.

[@scottmac786]

Unfortunate full thing wasn't posted

[@JohnSmith-tz7iy]

Robert Murphy is awesome

[@hondafanboy1856]

How long will it take for the unfunded liabilities and debt to collapse on itself? This can’t go on forever right?

[@nathanrathbun2619]

They have been propping it up with easy money for 13 years now. It would have collapsed in 2008 if they hadn't intervened.

[@6663000]

this is great

[@aidanaldrich7795]

Less Bidenomics. More Bobonomics 👍👍👍👍👍👍

[@waywardgeologist2520]

We don't have to do a carbon tax, the market technology is naturally making the change off carbon.

[@marocel]

RTU?

[@aaronblossfield2095]

The algorithm is strong with this one

[@TheSunshineGroup]

David Cross?

[@claytonprose4627]

How has this not been taken down yet

[@jriverasr65]

Amazing

[@Theonegamefreak]

What about ligmanomics

[@bronxcartel6193]

To All That Helped With The KZbin Algorithm: I’m here 👋

[@todddecoteau2547]

Yay!

[@hondafanboy1856]

Good lecture

[@austin842]

Good info here

[@bradlindborg1]

Murphy is DA MAN!

[@toddweatherly8142]

Why is David Cross talking about this

[@joset.guamese2213]

Do those folks take into account that if schools aren't open or daycares for children or adult daycare that even if the public wanted or desperately wanted to work couldn't because the reasons above?

[@danieldorn2927]

About the climate change models, they dont include anything that nature might throw unto us. So we go all out on our efforts to save the environment (which is b.s., look back how warm Earth was in jurassic times, nature will adapt.) only for a vulcano to erupt and we destroyed our economy and progress for nothing

[@Benjicmm]

After you've been on unemployment for two years, inflation might account for wage increases.

[@mrbobtehbuildah]

I thought the thumbnail was David Cross.

[@killap3nguin]

The key to climate change is innovation not government tax incentives and rebates Innovation will solve this problem like all other problems we face

[@707romo707]

The minister of truth will not be happy.

[@garrymcfadden4105]

Good stuff

[@shaunevans8663]

I love Tobias Funke. He blue himself for the Blue man group.

[@bobitler]

Very interesting, for the KZbin algorithm

[@fungdark8270]

I work in a restaurant, have for 15 years. People aren’t working in kitchens because it’s harder than sitting on the couch and you get paid more to sit on the couch. It’s simple shit, I haven’t seen labor like this in my experience, wholly unprecedented

[@fungdark8270]

It’s not fear of covid

[@sriglin1]

My cousin 100% did not go back to work for over a year because he was getting more money from the government.

[@jasono2139]

Fun aside... even as someone who worked as an engineer and was furloughed during the pandemic, I made SUBSTANTIALLY more because: 1) I live in a low COL state, but received the maximum UE amount + $600/wk 2) I didn't have to pay for childcare (because I was at home with them) I had ZERO interest in going back to work any sooner than they needed me. You literally have to be a moron to think the supplemental Fed money wasn't incentivizing a lot of people to stay home for as long as possible.

[@DEBattleMage]

12:30 Yeah... That's kind of the point...

[@thegeneralist7527]

To hell with cost/benefit analysis. Lets just do the worst things possible.

[@VX-cy4du]

Get "Economics In One Lesson" for free at the mises institute if youre new to austrian economics

[@derrick_v]

Yes

[@tylermassey5431]

I had no idea David Cross was an economist!

[@spaceworm123]

Love

[@The_10th_Man]

This is cool but I feel like it’s just pointing out smudges on the wine glasses on the Titanic.