The Lara-Murphy Show

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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.

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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?

Mentioned in this episode:

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.

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

September 30, 2018

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.

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

September 5, 2018

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

August 14, 2018

Carlos and Bob discuss some of the misconceptions or difficulties they had early on, which made them reluctant to embrace IBC.

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

July 27, 2018

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.

July 3, 2018

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:

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

June 26, 2018

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:

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