About this episode
The recent BEA "Advance Estimate" for 1q GDP growth showed a lackluster drop of 0.3 percent, but it included unusually large swings in private inventories and imports, as well as a drop in federal expenditures. Some MAGA fans have argued that once you account for these misleading figures, the report signifies a healthy economy. Murphy mostly disagrees, and shows why the report--taken at face value--does indeed signify poor economic performance.
- Peter St. Onge, "GDP Goes Negative. And it's Glorious.": Mises.org/HAP499a
- The GDP Report: Mises.org/HAP499b
- Human Action Podcast on Unpacking Trumps Tariff Strategy: Mises.org/HAP499c
- Bob's Mises Daily Article, "Inventories Don't Kill Growth — People Kill Growth": Mises.org/HAP499d
- Bob's Article, "Sorry MAGA, the GDP Report Is Not Rosy": Mises.org/HAP499e
The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree
Get every episode summarized
Each time The Human Action Podcast publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
Hosts & guests
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from The Human Action Podcast
Robert Aro on the Fed's Reverse Repo Trick
The Human Action Podcast
Luke Gromen on the Strait of Hormuz and Supply Chain Collapse
The Human Action Podcast
Bob Responds to Randall Wray on Sectoral Balances
The Human Action Podcast
Cantillon Effects and the Politics of Money Creation
The Human Action Podcast