Bob Murphy Show

Randall Wray, an economist tied to Modern Monetary Theory and heterodox Keynesian/Minskyan thought, appears via debate clips. Adam Haman, frequent collaborator and discussion co-producer, helps unpack topics. They tackle the petrodollar mechanics, how foreign dollar holdings affect U.S. prices and reserves, historical petrodollar dynamics, potential price effects if it ended, and highlights from a ZeroHedge debate.

Robert Breedlove interviews Bob Murphy, a Christian economist and author who makes Mises accessible. They unpack praxeology, define action as purposive behavior, contrast Austrian methodological rigor with mainstream math-heavy economics, explore Kantian and Gödelian implications, and warn against mistaking models for real markets while highlighting qualitative insights about crises and price discovery.

Adam Haman, economics commentator and podcaster known for HamanNature, returns to reflect on Murray Rothbard and Roger Garrison. They discuss Rothbard’s stages-of-production and a detailed bread production walkthrough. Conversation covers Garrison’s capital-based macro, the loanable funds link to physical production, and how interest-rate distortions create unsustainable booms.

Michael Fraser, co-founder of Action Insight and AI consultant who advises executives on LLMs and safety, breaks down the Pentagon’s split with Anthropic. He traces the timeline, explains Anthropic’s red lines and Claude’s agent-like design. Short segments cover jailbreaking, data retention worries, local vs cloud deployment, and how model persistence changes behavior.

Adam Haman returns, this time to discuss a recent paper summarizing the performance of leading LLMs in wargames.Mentioned in the Episode and Other Links of Interest:The YouTube version of this conversation.The NewScientist article reporting (inaccurately) on this research paper.BMS ep 467 on the weaknesses of modern game theory.This episode’s sponsors, the Scott Horton Academy and The Swan Brothers.The HamanNature substack.Help support the Bob Murphy Show.

A close reading of John 3:13–17, centering on the meaning and cultural weight of John 3:16. Exploration of the bronze serpent in Numbers 21 as background for Jesus' analogy. Discussion of atonement, divine sovereignty, and how faith—not works—relates to eternal life. Brief survey of theological debates about salvation, universalism, and God’s love for all people.

Adam Hayman, analyst and commentator, returns to parse released Epstein–Bannon interview footage. He and Bob unpack Epstein's glib storytelling, shaky timelines, and habit of hiding behind complexity. They play clips on finance, science, and origin stories, revealing a persuasive style with little factual grounding.

Adam Haman, writer and podcaster (HamanNature), returns to tackle the fallout from the Epstein file releases. He and Bob probe why some say the dumps prove nothing. They discuss redactions, powerful connections, FBI/DOJ behavior, surveillance claims, political reactions, and why records survived or were deleted. Short, sharp takes on motives, media patterns, and ongoing scrutiny.

Adam Haman, commentator and author who writes on gold and monetary competition, joins to explore tokenized gold and stablecoins. They trace how stablecoins work, compare major issuers, and debate redemption mechanics. The conversation highlights geopolitics, BRICS alternatives to the dollar, and how blockchain changes global payment networks.

Robert Bryce, energy journalist and author who digs into energy markets and geopolitics, explains why Washington has long targeted Venezuela and how its vast heavy crude matters to U.S. refineries. He traces the 2002 coup, the challenges of reviving production, the role of kleptocracy in infrastructure decay, and the immediate ripple effects on Cuba and hemispheric energy leverage.