Do You Think It's Better Economically to Allow for Steel or Natural Resources to Be Shipped From One State to Another?

Bob first pushes back on Tim Pool's recent commentary on interstate labor mobility, then turns to address whether the US is currently in a recession. He explains the role that inventories play in conventional GDP accounting.

Mentioned in the Episode and Other Links of Interest:

• The YouTube source of the Tim Pool clip.
• Bob's article on GDP inventory adjustments.
• Scott Sumner explains problems with using the data to argue for a recession in early 2022.
• Bob and Ryan Griggs on the "predictive" power of the yield curve, and how to reconcile it with Austrian business cycle theory.
• Bob's study (with Fraser co-authors) on Michigan's economic reforms.
• Help support the Bob Murphy Show.

The audio production for this episode was provided by Podsworth Media.