Friedman got it wrong and the Keynesians are in denial. May 8, Mises.org economist Robert Murphy to Discuss new book.

Got an excellent educational opportunity forwarded from HALC member Barry Klein. If you’re economics-oriented, please check it out.

Robert Murphy, Austrian Economist with a Ph.D. from NYU and frequent contributor to the Ludwig von Mises Institute

Robert Murphy, Austrian Economist with a Ph.D. from NYU and frequent contributor to the Ludwig von Mises Institute

On Friday, May 8 12:00pm, the HPRA speaker will be hosting Robert Murphy, A Ph.D. economist associated with the Mises Institute.

Mr. Murphy will be discussing and signing copies of his new book, “The Politically Incorrect Guide to the Great Depression and the New Deal

As the Obama administration tries to duplicate the “success” of FDR and Keynesian theory in rescuing the American economy from a severe contraction this is an opportunity to learn what members of the economics profession have revealed in the years since the New Deal was launched.

“He puts together in one easy package the research of hundreds of scholars, showing that it was not capitalism that failed in 1929 but the boom times created by Fed credit expansion. Murphy takes aim at the Chicago School economists and the Keynesians who continued to be in denial on this central point.”
“He further shows that Hoover was not a free-market president. His policies were so statist that he might as well have been a Soviet agent. His biggest critic, who blasted him for his spending and centralization, was none other than FDR. But once FDR came to power, he enacted the longest string of cockamamie, prosperity-killing measures of any president in American history.”

From a description of the book (http://www.mises.org/store/Politically-Incorrect-Guide-to-the-Great-Depression-and-the-New-Deal-P580.aspx):

To sample Mr. Murphy’s oeuvre: http://mises.org/articles.aspx?AuthorId=380.

RSVP Early

Let us know if you plan to attend (Not mandatory) 713-224-4144

PUBLIC INVITED: $16  Courtyard Restaurant ballroom, 1885 St. James Place

Friday noon, May 8 — buffet lunch — assemble from 12 to 12:30 — Presentation 12:30 to 1:30 or maybe later.
(directions: The Courtyard is south of San Felipe, west of Yorktown, and east of Chimney Rock.)


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