Posts Tagged ‘Austrian economics’

Ep. 31 Capital & Interest in the Austrian Tradition, Part 3 of 3

Bob finishes his 3-part series by first reviewing the contributions of Bohm-Bawerk, Fetter, and Mises to the modern Austrian explanation of interest, namely the “pure time preference theory” (PTPT). Then Bob explains some of the problems for the PTPT, especially for Austrian economists. Instead Murphy offers a much more straightforward–and Austrian!–approach, which explains interest as…

Ep. 28 Capital & Interest in the Austrian Tradition, Part 2 of 3

Bob goes solo in his continuation of his series on Capital & Interest Theory. In this episode he explains Bohm-Bawerk’s solution to the problem of interest, namely that present goods are more valuable than future goods. Bob also explains Bohm-Bawerk’s three separate causes for the higher valuation of present over future goods, including the notorious…

Ep. 27 Lara and Murphy Discuss IBC and the Business Owner

This episode is a re-broadcast of a recent episode of the Lara-Murphy Show. Bob and his co-author Carlos Lara discuss the yield curve from an Austrian perspective. Then Carlos explains why a business owner who practices the Infinite Banking Concept (IBC) would want to retain ownership of the life insurance policy in his or her…

Ep. 26 Capital & Interest in the Austrian Tradition, Part 1 of 3

Bob goes solo by beginning his 3-part series devoted to Capital & Interest Theory in the tradition of the Austrian School. (This is his area of expertise and the focus of his doctoral dissertation.) In this episode, Part 1, Bob explains Bohm-Bawerk’s critique of the “naive productivity theory” of interest, and also reconciles it with…

Ep. 20 Nelson Nash Talks About Leonard Read, Crashing Planes, and Getting the Bankers Out of Your Life

Nelson Nash is the developer of the Infinite Banking Concept (IBC), which uses properly designed whole life insurance policies as a cashflow management vehicle. Although Bob (along with Carlos Lara and David Stearns) has worked closely with Nelson over the years in building the Nelson Nash Institute, this interview focuses on some of Nelson’s charming…