Bob Murphy at Oil/Dollar Hearing 7/24/08 (Part 1 of 2)
by victer on Wednesday, February 22nd, 2012 | 25 Comments
Part 2 here: youtube. com Here’s the testimony of Austrian Economist Robert P. Murphy of the Institute for Energy Research at the House Financial Services Committee hearing entitled “Implications of a Weaker Dollar for Oil Prices and the USEconomy,” July 24, 2008. More information can be found on the following website: www. house. gov
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Go Bob Murphy!
i think we should welcome high oil. its the free market’s way making “green” technologies more viable. i wish the government would get out of the oil market!
Bob,
You forgot to mention causes four and five. That is, (4) investor perception and (5) reserve quality.
Global production was flat between ’05 and ’07, Bob? You know that extracting oil from the ground is just like driving your car. Need a little more oil? Just step on the accelerator.
This is a perfect example of an economist’s “stuck in theory” approach to natural resource extraction.
GO Bob!!!
This criminal didn’t mention the Premier Criminal as the primary cause, that being Goldman SacKs et al…
and it was a joke more or less since bob is the anti-fed
maybe you should listen to it again…..
no, he agreed with whatever the other witnesses said before him.
did i just hear bob murphy agree with bernanke??????
If you don’t like the FED or the Feds, you ought to love Robert Murphy. He’s a market anarchist and a member of the Mises Institute.
well I don’t think they’re evil….i think they try doin the right thing but are just wrong, lol.
I don’t think this guy is too bad after all. I still don’t like the feds or the FED. They are a bunch of evil thug gangsters.
actually there have been food shortages in some countries in 2008. Probably cus of governments messin with price controls, as is usually the case. Monetary policy only affects that in that some governments will put price ceilings when there’s infaltion…and the price ceiling causes a shortage because it’s usually below the market value of the product.
Hey now, I support Ron Paul and got a general idea of where he draws his ideas from. Also started watchin the misesmedia channel
“Grow up will you?”
Is that supposed to be an example of respect as well?
Anyways, bye Paully.
Grow up will you? Here, you can have the last word. I’m done with your little banter. Don’t go away mad, just go away.
Be respectful in the same way you treated Murphy with respect equating him to a state lackey/corporate hack?
You don’t get it do you? I’m not lifting a finger to see your point of view. Your statement started with an insult. Address that, treat me with respect, and I might (might) be able to even think of considering your views; otherwise buzz off.
“You are still more ignorant and uneducated than I am”
“Go do your childish name calling elsewhere.”
Mmmmhmmm.
Again, if you believe yourself to be above me, address the information and not the poster [me].
Whatever. You are still more ignorant and uneducated than I am because you don’t know how to talk to them to get a point across. Go do your childish name calling elsewhere. If you want to reach me have some respect. You might try that to others. Whether right or wrong, you are wrong. Case closed.
My vulgarity is no excuse for your uneducated blather and false accusations.
If you are grumpy and looking for someone to take out your unhappiness on, perhaps you should find someone else. I’m really sick of you weak minded people calling everyone who doesn’t see your way “idiots”. Grow up. Use the mind God gave you instead of wasting it. Find something else to say rather than the unthinking “idiot” word will you? At least try. If you want to reach me or anyone use your brain and stop acting like just another jerk on here. Very unoriginal.
The M3? That was taken off the books about 8 months ago. The figures would probably be much higher. But also, monetary inflation does not have an immediate short run-effect on prices, so it’s hard to really pinpoint what exact effect it has.
How is that relevant?
You have no respect do you?