The Lara-Murphy Show

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June 12, 2019

While this was an interview Murphy conducted on his own podcast, it is relevant to Lara-Murphy Show listeners. Keith Smith is an anesthesiologist and founder of the Oklahoma Surgery Center and the Free Market Medical Association. His group is doing for health care what the Nelson Nash Institute is doing for the financial sector.

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The audio production for this episode was provided by Podsworth Media.

June 8, 2019

Bob asks Carlos to elaborate on the changing estate tax laws and how that could affect long-term planning, even with the excellent tax advantages of IBC.

Mentioned in this episode:

The audio production for this episode was provided by Podsworth Media.

May 2, 2019

Bob asks Carlos to discuss his April 2019 article for the Lara-Murphy Report. Carlos explains how “shadow banking” has become the dominant source of mortgage lending in the United States. He explains this trend and its implications for real estate investors.

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The audio production for this episode was provided by Podsworth Media.

April 11, 2019

Carlos and Bob finish their 3-part series explaining Austrian economics and IBC specifically for the business owner. The series is tied to the upcoming IBC Business Owner Seminar to be held on May 10, 2019, in Nashville, TN. In this episode, they discuss Carlos’ typical approach to helping a business in distress. They also discuss Carlos’ research on the Dodd-Frank Act and whether the revisions under the Trump Administration affect Carlos’ warnings about a “bail-in” during the next crash.

Mentioned in this episode:

The audio production for this episode was provided by Podsworth Media.

April 8, 2019

Carlos and Bob continue with their 3-part series explaining Austrian economics and IBC specifically for the business owner. The series is tied to the upcoming IBC Business Owner Seminar to be held on May 10, 2019, in Nashville, TN. In this episode, Bob explains the significance of the inverted yield curve, and ties it to standard Austrian business cycle theory. Carlos explains why the business owner would typically want to own an IBC policy in his or her own name, rather than being owned by the company.

Mentioned in this episode:

The audio production for this episode was provided by Podsworth Media.

March 29, 2019

Carlos and Bob begin a 3-part series explaining Austrian economics and IBC specifically for the business owner. The series is tied to the upcoming IBC Business Owner Seminar to be held on May 10, 2019, in Nashville, TN. In this episode, Bob and Carlos discuss the Fed’s recent guidance on its bond roll off schedule. They also explain entrepreneurship in the Austrian vision (with reference to Bob’s recent interview of Peter Klein), and Carlos relays statistics on business ownership in the US.

Mentioned in this episode:

  • The IBC Business Owner Seminar on May 10, 2019, in Nashville.
  • CNBC article summarizing the Fed’s announcement about its bond roll off.
  • Episode 23 of the Bob Murphy Show, featuring Peter Klein and his work on entrepreneurship in the Austrian tradition.

The audio production for this episode was provided by Podsworth Media.

March 4, 2019

Carlos and Bob discuss the economic outlook for 2019, from the perspective of Austrian business cycle theory. The yield curve is close to inverting, and if it continues we should expect a recession by the end of 2019 or, failing that, almost certainly in 2020. There are two types of Fed tightening during this recovery, namely interest rate hikes and a rolloff of the Fed’s bonds. Powell can’t indefinitely postpone the bond rolloff because as interest rates rise, the Fed is paying ever more billions in interest to the commercial banks.

Mentioned in this episode:

The audio production for this episode was provided by Podsworth Media.

January 28, 2019

Carlos and Bob discuss the Fed’s actions with interest rates and its balance sheet, and how they are behind the recent stock market volatility. They also use media reports to get inside the minds of Bernanke, Yellen, and Powell.

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December 18, 2018

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?

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The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.

November 26, 2018

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:

The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.