Tag: Robert Murphy

Categories
free trade & free markets ideological culture

Three Cheers for Robert Murphy

Here’s something worth three cheers. Possibly four.

Robert Murphy is a prolific young economist of the free-​market “Austrian” school of economics, which has a vibrant online presence at Mises​.org, the website of the Ludwig von Mises Institute.

In October, Murphy decided to challenge Paul Krugman, the prominent economics professor, author and New York Times columnist, to a debate on Keynesian versus Austrian business cycle theory. After all, as Nobel-​Prize-​winning economist and partisan left-​wing scribbler, Krugman tends to insist on policies the opposite of what any reasonable economic conclusion might be. 

Krugman’s extremist, Big Government über alles positions should make for a great fireworks display in a well-​attended debate with the scrupulously sane and reasonable Murphy. Point-​counterpoint. The debate would also be a great venue for Murphy to publicize the sorely needed Austrian explanation of why massive governmental perversion of capital structure and market incentives ain’t exactly the best way to foster economic growth.

Murphy launched an Internet campaign, complete with goofy (and funny) animated YouTube video, to pressure Krugman. Murphy is asking folks to pledge a sum to the Fresh Food Program at a New York food bank that would be collected only if Krugman does debate him. 

At last count, pledges have topped $50,000.

I hope Krugman agrees. Feeding hungry people is a good cause, and so is saving the economy from annihilation by Krugmanesque economics. 

Meantime, give Murphy at least three huzzahs for pluck.

This is Common Sense. I’m Paul Jacob.

Categories
free trade & free markets general freedom too much government

The Full Flush of Equality

Years and years ago, it was often said against the proposed Equal Rights Amendment that it would prohibit separate toilets. Under the ERA, men and women would have to use the same public restrooms.

Properly interpreted, nothing of the kind should have happened. The text of the ERA stated that “equality of rights under the law shall not be denied or abridged by the United States or by any State on account of sex.” One does not have a right to a toilet, really, so it shouldn’t have affected restroom construction.

But leaping to absurdity is, alas, a propensity of government. In Minnesota, today, the state’s Department of Human Rights has declared that the offering of a “ladies’ night” by taverns and bars, etc, is illegal, discriminating (as it does) on the basis of sex.

Economist Robert Murphy has carefully explained why price discrimination is not bad — why it is common and why it benefits us. By setting up “ladies’ nights,” certain businesses attract female customers and (shock of all shocks) male customers, too … men actually eager to pay extra, if only to be around women.

I don’t see much point in explaining the philosophical basis for not getting carried away over the “sexual/​gender discrimination” involved in this. But it may be good that the ERA fizzled in 1982. It would have been twisted by bureaucrats in state after state, and we’d all endure uncomfortable encounters in public toilets throughout the land.

This is Common Sense. I’m Paul Jacob.