Robert Murphy

Posted February 09, 2010

Venezuelan President Hugo Chavez has decided to devalue his country's currency and impose price controls. These actions will provide U.S. politicians, economics professors and the public with a textbook demonstration of how bad government policies hurt consumers.

Posted August 08, 2009

Just when you thought the wizards in Washington couldn’t distort the economy any more, along comes the “cash-for-clunkers” program.

Posted May 02, 2009

Recently Congress took a break from nationalizing corporations and discussed the Waxman-Markey “cap and trade” bill in which the federal government would auction off permits to businesses giving them legal permission to emit carbon dioxide.

Posted March 28, 2009

For now these giant companies all take their marching orders from DC politicians, about the only group I trust less than AIG executives.

Posted February 07, 2009

Undeterred by the failure of the last injection of taxpayer dollars into a bloated banking system, our financial crusaders in DC are scratching their heads over the best way to flush another few hundred billion away.

Posted December 20, 2008

On December 11, the California Air Resources Board (CARB) approved the Scoping Plan for AB 32, aka “The Global Warming Solutions Act of 2006.”

Posted November 08, 2008

It has become fashionable to compare our present economic crisis to the Great Depression, especially by partisan opponents of the Bush Administration.

Posted September 27, 2008

Although they are just playing the hand that Alan Greenspan dealt them, Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson have been working overtime to discredit the capitalist economy.

Posted August 16, 2008

Posted July 05, 2008

When it comes to vilifying big evil corporations, the accusations made about oil companies never disappoint.

Posted May 31, 2008

With food and energy prices soaring, housing prices collapsing, and the economy sinking into what could be a deep recession, the government has been searching around for villains.

Posted April 26, 2008

For most Americans, Enron was the poster child of unfettered capitalism.

Posted March 08, 2008

When it comes to public hatred of big business, there’s no better target than oil companies.

Posted January 26, 2008

Last Tuesday the Fed announced a surprise rate cut of 75 basis points, the biggest cut in 24 years. Even so, the stock market plunged, with the S&P 500 shedding 1.1% during the session, bringing its total losses to over 10% for 2008.

Posted December 08, 2007

Like obnoxious relatives, the mortgage mess won’t go away. As is their wont, officials from both parties are rushing to offer “solutions.”

Posted October 27, 2007

On a recent road trip stop I noticed a pamphlet entitled, “Social Responsibility: How is My Starbucks doing its part?” Even though I had never lain awake pondering this question, I couldn’t help but grab the pamphlet.

Posted September 15, 2007

If someone wants to bash corporations and the "excesses" of raw capitalism, there's no easier target nowadays than CEO pay. Recently critics were in a tizzy over a report claiming that CEOs make 364 times what the average worker earns.

Posted September 13, 2007

If someone wants to bash corporations and the "excesses" of raw capitalism, there's no easier target nowadays than CEO pay. Recently critics were in a tizzy over a report claiming that CEOs make 364 times what the average worker earns.

Posted August 04, 2007

One of the latest gripes against “evil” corporations and big business concerns the tax rate applied to general partners of private equity and hedge funds. In a campaign statement, Hillary Clinton opined:

Posted June 23, 2007

On Wednesday three of the nation’s top student loan lenders cut a deal with New York Attorney General Andrew Cuomo. Wachovia, National City, and Regions Financial Corporations agreed to a code of conduct that would prohibit questionable practices, such as giving kickbacks to financial aid officers in exchange for being listed as a “preferred lender” to incoming students.