Carlos and Bob tackle a friendly bet that two listeners submitted. The controversy concerns two apparently conflicting goals: On the one hand, Nelson Nash says in BYOB that you should pay more against your policy loans than the insurance company requires, effectively buying more paid-up life insurance. But on the other hand, shouldn't you aggressively fund your IBC policy up to the MEC limit right away, meaning there wouldn't be any room left to pay more on a loan? Mentioned in this...

Carlos and Bob reiterate their longstanding critique of Fed policy to help frame the recent plunges in the stock market. They explain that the Fed has painted itself into a corner and will have no choice but to continue with rate hikes. Mentioned in this episode: "How to Weather the Coming Financial Storms" video. Bob Murphy Show ep. 2 interview of Carlos Lara. Lara-Murphy.com blog post on CPI. The Case for IBC. The sound engineer for this episode was Chris Williams. Learn...

Carlos and Bob explain to the average listener why it's important to learn at least the basics of Austrian economics. It's not the same as other free-market schools, and it's not the boring curves you remember from college. Mentioned in this episode: The next IBC Seminar for the General Public on October 13, 2018 in Fort Worth, TX. Details at IBCSeminar.com. Murphy article: "The Chicago School versus the Austrian School." Murray Rothbard's Man, Economy, and State, and Murphy's...

Carlos and Bob tackle a question from Twitter: Why is using IBC preferable to just "paying cash" for large purchases? This seemingly simple question actually raises many issues. Mentioned in this episode: The next IBC Seminar for the General Public on October 13, 2018 in Fort Worth, TX. Details at IBCSeminar.com. The Practitioner finder. The Case for IBC. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.

Carlos and Bob discuss some of the misconceptions or difficulties they had early on, which made them reluctant to embrace IBC. Mentioned in this episode: The next IBC Seminar for the General Public on October 13, 2018 in Fort Worth, TX. Details at IBCSeminar.com. Lara-Murphy Show episode 51. The Practitioner finder. The Case for IBC. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.

Nelson Nash joins Bob and Carlos to explain why he encourages IBC users to establish a system of policies (rather than just one). The discussion covers several nuances of policy design. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.

This is the talk Bob gave at the "Mises Caucus" event held on June 30, 2018, to coincide with the kickoff of the Libertarian Party's national convention, held in New Orleans this time. Mentioned in this episode: Tom Woods' speech to the Mises Caucus. Scott Horton's speech to the Mises Caucus. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.

Carlos and Bob review the status of the three leading central banks and rely on a report from the Treasury Secretary to help interpret and anticipate Trump Administration actions on bank regulation. Mentioned in this episode: Lara-Murphy Show episode 42: "Do the Feds Have a Plan to Unload the Fed's Bonds?" Treasury Secretary Mnuchin's report on the financial regulation overhaul. The sound engineer for this episode was Chris Williams. Learn more about his work...

Carlos and Bob explain the mechanics of policy loans and then emphasize the importance of keeping track of them. Yes, you have the FREEDOM to never pay your loans back, but that might not be a WISE thing to do. Nelson Nash always stressed that you "play honest banker" when practicing IBC. The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.

Carlos and Bob finish their series, summarizing some of the material in Chapter 7 of their new book (co-authored with Nelson Nash). In this episode, they address a hypothetical business owner who loves IBC but thinks he doesn't have the cashflow to make it work. By cleverly using an already existing payment, the business owner can effectively build up the infrastructure of a large IBC policy while waiting for the future, irregular burst of revenue to come in. (NOTE that the point of this...

Carlos and Bob continue their series, summarizing some of the material in Chapter 6 of their new book (co-authored with Nelson Nash). In this episode, they explain why Whole Life used to be a staple of the average American's financial plan, but then fell out of favor. They also describe how Congress had to put on the brakes in the 1980s since too many rich people realized the benefits of this approach. Mentioned in this episode: The Case For IBC IBC Seminar for the General Public...

Carlos and Bob continue their series, summarizing some of the material in Chapter 5 of their new book (co-authored with Nelson Nash). In this episode, they address typical questions such as, "If you guys are worried about a dollar crash, why would I put my money in life insurance?" Mentioned in this episode: The Case For IBC IBC Seminar for the General Public in Chicago, May 19, 2018. Details here. Video "How to Weather the Coming Financial Storms." The sound engineer for...

Carlos and Bob continue their series, summarizing some of the material in Chapter 5 of their new book (co-authored with Nelson Nash). However, because Chapter 5 contains so much material, they are breaking the treatment up into two separate episodes. In this Part I, they address questions such as, "Can only certain people practice IBC?" and, "Shouldn't I buy term and invest the difference?" Mentioned in this episode: The Case For IBC IBC Seminar for the General Public in Chicago,...

In this special episode, Nelson Nash himself joins Carlos and Bob, to discuss the chapter from their jointly-authored book--The Case for IBC--that draws directly on the material that Nash used in his live presentations to the public. Even for those who are quite familiar with Nash's work, you'll glean juicy nuggets from this interview. Mentioned in this episode: The Case For IBC IBC Seminar for the General Public in Chicago, May 19, 2018. Details here. The sound engineer for...

Carlos and Bob continue the series covering their new book (co-authored with Nelson Nash). This chapter explains how the process of Infinite Banking rests on the platform of a dividend-paying Whole Life insurance policy. They also mention the standard features of a WL policy that make IBC possible. Mentioned in this episode: The Case For IBC IBC Seminar for the General Public in Chicago, May 19, 2018. Details here. The sound engineer for this episode was Chris Williams. Learn...

On February 27, 2018, Bob was the guest at the student-led Yale Political Union, debating the resolution, "The free market can solve climate change." A member of the audience captured the audio on his phone; we are presenting here Bob's opening statement, his Q&A, and his summary statement. (We are editing out the brief speeches given by the students in the middle of the event.) Below is a timeline of some highlights, and then links to further reading on Bob's work on this topic. 7:52...

Carlos and Bob continue the series covering their new book (co-authored with Nelson Nash). This chapter lists the attributes of a hypothetical "perfect investment," and explains how various assets fare. Mentioned in this episode: The Case For IBC The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.

Carlos and Bob begin their series of going through their new book (with Nelson Nash), chapter by chapter. Mentioned in this episode: The Case For IBC The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.

Carlos and Bob discuss their presentations at the recent IBC Think Tank. Plus they have a big announcement! Mentioned in this episode: The Case For IBC The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.

Description: In this episode, Bob flies solo to explain the controversy over solving the congestion problem in Bitcoin. Mentioned in this episode: The IBC Seminar for the general public, Feb. 10, in Birmingham Bob Murphy's co-authored guide to Bitcoin Bitcoin vs. Bitcoin Cash debate on Tom Woods Show Hayek's proposal to denationalize money Satoshi Nakamoto's 2008 white paper explaining Bitcoin The sound engineer for this episode was Chris Williams. Learn more about his...

Carlos and Bob discuss the basic logic of "tax reform," and then critically analyze the GOP proposals. They cover some important differences between the House and Senate bills, and point out that Democrats railing against "tax giveaways to the rich" might have a point.

Carlos and Bob extend their warnings about "loose" monetary policy to the real estate market. Remember, the Austrians warned about the last housing bubble in real-time. There are several reasons to think that the "hot" market right now is in trouble.

Carlos and Bob reiterate the advantages of "becoming your own banker" through the use of policy loans, but they also point out the importance of paying back the loans (in most circumstances). In particular, they warn about the potential tax implications that occur if you surrender a policy. Mentioned in this episode: IRS definition of a "life insurance contract." https://www.law.cornell.edu/uscode/text/26/7702 IRS treatment of life insurance death...

Bob talks to Carlos about his research on the Federal Reserve's plans to shrink its balance sheet, and the possible connection to proposed regulatory changes that would encourage financial institutions to take on Treasuries and mortgage-backed securities. Mentioned in this episode: How Privatized Banking Really Works (ebook)

Bob talks to Carlos about his research on "positive thinking," motivational speakers, self-help gurus, and other related themes. There is much truth and value in this movement, but there's also a potential dark side. Information on the July Nashville Events: http://www.threeccorp.com/Home.aspx