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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.


  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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