# Bob Murphy Debates Modern Monetary Theory And Explains The Petro Dollar | Hn 215

Page: https://stenobird.com/podcast/haman-nature-6761033/bob-murphy-debates-modern-monetary-theory-and-explains-the-petro-dollar-hn-215
Text version: https://stenobird.com/podcast/haman-nature-6761033/bob-murphy-debates-modern-monetary-theory-and-explains-the-petro-dollar-hn-215.md
Podcast: [Haman Nature](https://stenobird.com/podcast/haman-nature-6761033)
Published: 2026-03-28T20:00:00+00:00
Episode link: https://hamannature.substack.com/p/bob-murphy-debates-modern-monetary
Audio file: https://api.substack.com/feed/podcast/192271308/1452a529abcbcf4901aaa2fac5e193bc.mp3
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JSON: https://stenobird.com/v1/public/podcasts/haman-nature-6761033/episodes/bob-murphy-debates-modern-monetary-theory-and-explains-the-petro-dollar-hn-215
Duration seconds: 4322

## Resource

On this crossover with Bob Murphy, Adam Haman asks the great economist all about the "petrodollar" and how foreign usage/holding of dollars affects domestic US price inflation. Also, Adam asks Bob some questions about a recent ZeroHedge debate he had with Professor Randall Wray about economics.00:00 — Intro. Adam makes an apology.01:27 — What is the "petrodollar" and what happens if it stops being a thing?19:18 — Bob's overview of his ZeroHedge debate with Randall Wray.20:57 — Clip 1: what "school" of economics does Wray work in?29:04 — Clip 2: Why can't mainstream economists see why their methodology is wrong?37:02 — Clip 3: Was the magnitude of the Fed's intervention in 2008 $29 trillion?40:43 — Clip 4: What's the difference between fiscal policy and monetary policy when the government responds to financial crises? 48:05 — Clip 5: What's the deal with "transitory inflation"? How should we think about inflation?58:12 — Clip 6: Heck, The government doesn't even need tax revenue to be able to spend money!1:10:25 — Outro and final thoughts. Thanks for watching Haman Nature! ZeroHedge debate mentioned: Bob's review of Stephanie Kelton's book: https://mises.org/quarterly-journal-austrian-economics/deficit-myth-modern-monetary-theory-and-birth-peoples-economySponsor mentioned: https://ScottHortonAcademy.com/crossover Haman Nature Merch Store: https://shop.hamannature.comAdam on X: https://x.com/Rerazer Bob on X: https://x.com/BobMurphyEcon The Bob Murphy Show: https://www.bobmurphyshow.com/ Adam's other show: https://naturalorderpodcast.com This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit hamannature.substack.com/subscribe

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