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Thom Hartmann’s fans have been sending around a graphic claiming that the economy tanks when taxes are lowered on the rich. It’s so wrong it’s embarrassing. Bob Murphy and I dismantle the thing completely. Article Discussed “,” by Bob Murphy About the Guest Robert P. Murphy holds a Ph.D. in economics from New York University. He is the author of numerous books (see below), including study guides to Ludwig von Mises’  (study guide ) and  (study guide ), and Murray Rothbard’s  (study guide ). Guest’s Blog Books by the Guest  (free textbook;  for a free teacher’s manual)  (available free)  (with Silas Barta; available free)  (also available as an audiobook)  (also available as an audiobook) Woods Book Mentioned Guest’s Twitter Guest’s Facebook Related Episode : Boom and Bust: The Cause (David Howden) (See also , taken from , in which I explain the Austrian theory of the business cycle and the role of the Fed in the boom and bust.) Special Offers If you enjoy the Tom Woods Show, my new book —  — is for you. ! And get a free copy of the audiobook version, with me reading it, at. Bob Murphy is joining the faculty at  this year! Learn from Bob in courses you can listen to on the go, plus live Q&A sessions and more. Twelve courses teaching the history and economics we didn’t learn in school await you already. , using coupon code SHOW (all caps) for a special discount.