12/11/25 Bob Murphy on How Central Banking Fuels the War State

Scott Horton Show - Just the Interviews

Scott Horton

News, Politics

4.8 • 989 Ratings

🗓️ 17 December 2025

⏱️ 85 minutes

🔗️ Recording | iTunes | RSS

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Summary

Scott interviews economist Bob Murphy about how the Federal Reserve enables the government to pursue its wars of choice. They also talk about the soundness of Modern Monetary Theory, the prospect of a war with Venezuela, the affordability crisis and more. Discussed on the show: The Creature from Jekyll Island by G. Edward Griffin What Has Government Done to Our Money? by Murray Rothbard Secrets of the Temple: How the Federal Reserve Runs the Country by William Greider Politically Incorrect Guide to the Great Depression and the New Deal by Robert P. Murphy Robert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of numerous books: Contra Krugman: Smashing the Errors of America’s Most Famous Keynesian; Chaos Theory; Lessons for the Young Economist; Choice: Cooperation, Enterprise, and Human Action; The Politically Incorrect Guide to Capitalism; Understanding Bitcoin (with Silas Barta), among others. He is also host of The Human Action Podcast and The Bob Murphy Show. Follow him on X @BobMurphyEcon Audio cleaned up with the Podsworth app: https://podsworth.com Use code HORTON50 for 50% off your first order at Podsworth.com to clean up your voice recordings, sound like a pro, and also support the Scott Horton Show! For more on Scott’s work: Check out The Libertarian Institute: https://www.libertarianinstitute.org Check out Scott’s other show, Provoked, with Darryl Cooper https://youtube.com/@Provoked_Show Read Scott’s books: Provoked: How Washington Started the New Cold War with Russia and the Catastrophe in Ukraine https://amzn.to/47jMtg7 (The audiobook of Provoked is being published in sections at https://scotthortonshow.com) Enough Already: Time to End the War on Terrorism: https://amzn.to/3tgMCdw Fool’s Errand: Time to End the War in Afghanistan https://amzn.to/3HRufs0 Follow Scott on X @scotthortonshow And check out Scott’s full interview archives: https://scotthorton.org/all-interviews This episode of the Scott Horton Show is sponsored by: Roberts and Roberts Brokerage Incorporated https://rrbi.co Moon Does Artisan Coffee https://scotthorton.org/coffee; Tom Woods’ Liberty Classroom https://www.libertyclassroom.com/dap/a/?a=1616 and Dissident Media https://dissidentmedia.com You can also support Scott’s work by making a one-time or recurring donation at https://scotthorton.org/donate/https://scotthortonshow.com or https://patreon.com/scotthortonshow Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Ladies and gentlemen of the press have been less than honest, reporting to the American people, what's going on in this country?
0:11.0	Because the babies are making it.
0:13.0	We're dealing with Hitler Revisited.
0:15.0	This is the Scott Horton Show, Libertarian Foreign Policy, mostly.
0:21.7	When the president doesn't, that means that it is not only...
0:24.5	We're going to take out seven countries in five years.
0:27.1	They don't know what the fuck they're doing.
0:29.3	Negotiate now.
0:31.4	End this war.
0:33.5	And now, here's your host, Scott Horton.
0:39.1	All right, you guys, introducing the great Bob Murphy.
0:42.4	He's, of course, an Austrian school economist, scholar, and fellow at the Mises Institute.
0:48.7	He's the author of a whole mess of books, including the politically incorrect guide to capitalism
0:52.2	and the politically incorrect guide to the Great Depression and the New Deal, which I like so much.
0:58.8	And we may have an announcement along those lines for you at some point to discuss,
1:03.2	but we'll sort of pretend that that's mostly a secret still.
1:06.6	And then also he wrote lessons for the young economists, choice, cooperation, enterprise, and human action.
1:13.1	The human action study guide that is, meets this book, of course, understanding money mechanics and chaos theory and contra Krugman and the study guide to the theory of money and credit, which is what we're going to be talking about, at least in part today. A study guide to man economy and state by Murray Rothbard and chaos theory also. And so, yeah, I like this guy. He's also really funny. You should follow him at Twitter. He's Bob Murphy Econ on Twitter. Is it Robert Murphy Econ? No, it's Bob Murphy. Yeah, Bob Murphy Econ on Twitter. Is it Robert Murphy Econ? No, it's Bob Murphy.
1:45.0	Yeah, Bob Murphy Econ on Twitter.
1:47.3	And they'll split your side with the stitches as you laugh at his hilarity on there.
1:53.2	If you have a sense of humor at all.
1:55.9	So, thank you for coming on the show.
	...

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