Ep. 112: Arthur Laffer vs. Milton Friedman on Fixed vs. Floating Exchange Rates
Release Date: 10/31/2025
InFi: the Future of Finance
In the wake of an X Spaces discussion, Murphy critically assesses various explanations for why the USD has value, such as the military and power to tax. He also explains the contributions of Ludwig von Mises to monetary theory. Related: - Watch the video version of this episode here: Subscribe to our YouTube channel: Follow us on Instagram: Follow us on Twitter: Learn more about Infineo at: Audio Production by Podsworth Media -
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Alex Stevens and Sam Peterson of the Institute for Energy Research join Murphy to explain why government policy, not AI data centers, are to blame for surging electricity prices. Related: - Watch the video version of this episode here: Subscribe to our YouTube channel: Follow us on Instagram: Follow us on Twitter: Learn more about Infineo at: Audio Production by Podsworth Media -
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Recently President Trump called for a 10% cap on credit card interest rates, and $200 billion of purchases of mortgage-backed securities. Both moves were intended to help the average American. They each have unintended economic consequences, but the policies are structured differently and require different tools of analysis. Related: - - Watch the video version of this episode here: Subscribe to our YouTube channel: Follow us on Instagram: Follow us on Twitter: Learn more about Infineo at: Audio Production by Podsworth Media -
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Anirudh Pai is a partner at Robot Ventures, who has a long history in innovative finance. He has a broad discussion with Murphy covering various topics including smart contracts, decentralized governance, and prediction markets being used as insurance. Related: - - - - Watch the video version of this episode here: Subscribe to our YouTube channel: Follow us on Instagram: Follow us on Twitter: Learn more about Infineo at: Audio Production by Podsworth Media -
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In InFi ep. 116, Eric Weinstein talked with Bob for more than 2 hours on applying gauge theory to economics. In this episode, Bob unpacks some of the key lessons from the discussion. Related: - - Watch the video version of this episode here: Subscribe to our YouTube channel: Follow us on Instagram: Follow us on Twitter: Learn more about Infineo at: Audio Production by Podsworth Media -
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Anja Dragovic is an Australian-based host of the Honest Money Show, a podcast that brings Bitcoin education, with an emphasis on bringing women into the honest-money movement. She joins Bob to explain her own discovery of Austrian economics and the virtues of sound money, as well as the major roadblocks to Bitcoin adoption. Related: - Watch the video version of this episode here: Subscribe to our YouTube channel: Follow us on Instagram: Follow us on Twitter: Learn more about Infineo at: Audio Production by Podsworth Media -
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Bob draws on the yield curve, Fed announcements, and labor market data to give his assessment of the economy for the coming year. Related: - - Watch the video version of this episode here: Subscribe to our YouTube channel: Follow us on Instagram: Follow us on Twitter: Learn more about Infineo at: Audio Production by Podsworth Media -
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Eric Weinstein joins Bob Murphy to discuss his work with Pia Malaney on a more economically relevant differential operator, which has important implications for cost-of-living adjustments. Eric Weinstein has a PhD in mathematics from Harvard University, and among other academic appointments was a Research Associate in the Harvard economics department from 1998 - 2001, where he co-founded the Science and Engineering Workforce Project (SEWP) with Richard Freeman, housed at the NBER and funded by the Sloan Foundation. Related: - - - - - - Watch the...
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Keith Weiner is founder and CEO of Monetary Metals, a company that pays its customers interest on their gold and silver, denominated in ounces of gold and silver. The company has arrangements with jewelers, miners, and other industry participants to make their offers credible. Keith joins Dr. Murphy to discuss the mission of Monetary Metals, their unique business model, and his views on fiat currency and cryptocurrencies. Related: - - Watch the video version of this episode here: Subscribe to our YouTube channel: Follow us on Instagram: Follow us on...
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Bob was a panelist for Benzinga's Fintech Day & Awards in NYC on November 10. In this episode he shares some of the highlights of the discussion, including the interaction between tradfi banks and stablecoin issuers. Related: Watch the video version of this episode here: Subscribe to our YouTube channel: Follow us on Instagram: Follow us on Twitter: Learn more about Infineo at: Audio Production by Podsworth Media -
info_outlineBob uses a recent Hoover Institution interview of Arthur Laffer to explain the debate between fixed versus floating exchange rates. Back during the classical gold standard, there was a sense in which the entire world used one money. This could be our future with Bitcoin or another cryptocurrency.
Related:
- https://www.youtube.com/watch?v=joSS0_hdUo4
- https://cdn.mises.org/understanding_money_mechanics_ with_cover_image_attached.pdf
Watch the video version of this episode here: https://youtu.be/eWufI1X47RE
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Audio Production by Podsworth Media - https://podsworth.com