Ep. 1326 How to Secede From Our Monetary Regime
The Tom Woods Show
English - January 23, 2019 01:00 - 42 minutes - 34.9 MB - ★★★★★ - 3.2K ratingsNews Government economics libertarian politics Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Ep. 1325 Articles of Impeachment Against Abraham Lincoln
Next Episode: Ep. 1327 The Green New Deal Is Insane
Frequent guest Bob Murphy returns, this time talking about his new (co-authored) book, The Case for IBC. This is an acronym for "Infinite Banking Concept," a strategy that uses properly designed whole life insurance policies as a way to "become your own banker." The concept was developed by Nelson Nash, who besides working in insurance was personally tutored in Austrian theory by Leonard Read himself. Bob explains how the average person can benefit from IBC, and he answers common objections like "Isn't it better to buy term and invest the difference?" and "Why would I put my money in life insurance when the dollar is going to crash?"