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.
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?
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.
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.
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.
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.
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.
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.
