Contra Werner - A Critique Of Banking Credit Theory With Bob Murphy | Hn 154

This week Adam Haman and economist Bob Murphy are breaking down an appearance by economist Richard Werner on Tucker Carlson's show. Werner said a lot of stuff about banking and credit and the creation of money and why the CIA is after him. It gets pretty intense, trust us.

00:00 -- Intro. Re-examining Werner on Carlson: Where does money come from?

04:03 -- Provocative things Richard Werner said to Tucker: Bob responds.

12:14 -- Adam searches for areas of agreement between "us" and Werner. Bob straightens out Werner's odd remarks and provides clarity and nuance. What does Werner get right? What does he get wrong? What is just... weird?

27:30 -- Werner claimed that nobody understands where money comes from in our modern economies. Where does money come from?

42:18 -- What is the importance of "reserve requirements"? Didn't the US government just eliminate them altogether recently? Are we Wile E. Coyote?

47:36 -- Werner loudly touts his "empirical" approach to economics. Is he full of hot air?

58:35 -- Introducing our new sponsor: "https://TheSwanBrothers.com/cross"

1:01:53 -- Werner thinks the boom/bust cycle is caused by banks lending for consumer consumption and for asset speculation (including real estate). He also wants some bizarre related banking regulations. He ain't right. Bob drops some Misesian knowledge!

1:10:27 -- So... is the CIA after Richard Werner? Also, some final remarks about money and banks.

1:16:52 -- Outro. Thanks for watching Haman Nature!

Video mentioned - Richard Werner on Tucker Carlson: https://www.youtube.com/watch?v=StTKHskg5Tg

Video mentioned - Human Action podcast with Bob Murphy and Jonathan Newman: https://www.youtube.com/watch?v=Uwa7aWV_uWs&t=590s

Sponsor mentioned: https://theswanbrothers.com/cross

Adam on X: https://x.com/Rerazer

Bob on X: https://x.com/BobMurphyEcon

The Bob Murphy Show: https://www.bobmurphyshow.com/

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Adam's other podcast: https://naturalorderpodcast.com