MMT's bookkeeping story and its limits

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

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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

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