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Ep. 168 Bob Murphy Responds to Dave Ramsey Calling IBC a Scam

Personal finance guru Dave Ramsey recently called IBC a scam on his popular show. Ramsey alleged that the dividends received from a mutual life insurance company were just deliberate overcharges to make the customer think he was earning a profit, even though it all came out of the customer’s own pocket. Bob sets the record straight.

Mentioned in the Episode and Other Links of Interest:

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

About the author, Robert

Christian and economist, Chief Economist at infineo, and Senior Fellow with the Mises Institute.

3 Comments

  1. Andrew Esselbach on 12/17/2020 at 8:33 PM

    I would love to hear a debate between Robert Murphy and Dave Ramsey on IBC.

    • Josh Hodges on 12/23/2020 at 9:35 PM

      That would be like uber-dry.

  2. Jay on 09/13/2023 at 7:34 PM

    Dave would have been really glad if he owned WL when he went bankrupt, as the CV is protectex from Creditors!

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