Lara Murphy Report

2019 March Lara-Murphy Report

I like to be precise with my terminology, and so for example I draw a distinction between being smart (knowing a lot of facts) versus intelligent (having a powerful mind). In the same vein, I do not throw around the term genius lightly.

Someone could be very smart and very intelligent, but to be a genius you have to be a creative inventor. You have to produce new ideas and frameworks, which others will then argue over and refine.

The recently deceased R. Nelson Nash was smart and intelligent, but he was also a creative genius. He looked at dividend-paying whole life policies, and in particular their standard feature of policy loans, and realized, “That’s not merely an asset that provides a death benefit. It’s also a cashflow-management device that allows you to free yourself from bondage to commercial bankers.”

Where others saw merely protection, Nelson saw a way to become your own banker.

2019 February Lara-Murphy Report

HOW TO SECEDE FROM OUR CURRENT MONETARY REGIME ONE HOUSEHOLD AT A TIME: BY L. Carlos Lara Lara’s address to the IBC Think Tank, explaining the 3-fold purpose behind our goal of Building the 10%.

2019 January Lara-Murphy Report

Dr. Robert Murphy builds on last month’s article to make the analysis closer to real-world policies, showing the effect of age and different funding approaches on policy behavior.

2018 December Lara-Murphy Report

DOES IBC WORK FOR OLDER PEOPLE? by Robert P. Murphy

2018 November Lara-Murphy Report

THE FED HAS PAINTED ITSELF INTO A CORNER: BY Robert P. Murphy
With official unemployment low and CPI inflation on the rise, the Fed is under pressure to keep hiking rates, even though we predict this will crash the economy.

October 2018 Lara-Murphy Report

THE WEALTH EFFECT: BY L. Carlos Lara
The height of the stock market and even the strength of the dollar itself ultimately rest on public confidence in our financial system. And right now there’s not much to be confident about.

September 2018 Lara-Murphy Report

Bernie Sanders introduced a bill to tax Amazon and other large employers based on how much assistance their employees get from the feds. This is a terrible idea that would hurt workers.

August 2018 Lara-Murphy Report

THE RISE (AND FALL?) OF THE FED’S FLOOR SYSTEM – BY Robert P. Murphy
The Fed instituted a very important new policy in October 2008, which casts doubt upon the rationale for the bailouts. But this new approach may be unraveling.

July 2018 Lara-Murphy Report

The central bankers are a clever bunch–they’ve convinced the public that a lack of oversight is a GOOD thing.
Former Dallas Federal Reserve President, Richard Fisher, publicly dressed down President Trump in a recent interview with CNBC in response to Trump’s remark that he’s “not thrilled” about the Fed’s interest rate hikes. Obviously, Trump’s comment upset Fisher quite a bit and he told CNBC that by making that comment “Trump is out of line.” 1

June 2018 Lara-Murphy Report

TRUMP’S PLAYBOOK FOR THE ECONOMY: Trump’s Executive Order 13772 on “Core Principles for Regulating the United States Financial System.” was written to provide the President’s rationale for
wanting to overhaul the U.S. tax code and scale back the excessive government regulations found in the Dodd-Frank Act. Now, one year later after the report came out, and seeing several of the major suggested changes written about in the report actually take place, I am now convinced that this official essay is actually Trump’s “playbook” for the economy. So far he has been executing it just
as it is written.

May 2018 Lara-Murphy Report

Believe it or not, there is growing interest—even among market friendly economists—for the government to mail checks to every American. Guess it’s time to explain why this is a really bad idea.

April 2018 Lara-Murphy Report

FRACTIONAL RESERVE BANKING CAUSES THE BUSINESS CYCLE: by Robert P. Murphy
On April 16, I debated the Cato Institute’s George Selgin on the resolution, “Fractional Reserve Banking poses a threat to the stability of market economies.” I was arguing for the resolution, while George was against. This is an area where even self described Austro-libertarian economists are hotly divided, and moreover fractional reserve banking plays a key role in the book I co-authored with Carlos Lara (How Privatized Banking Really Works). For these reasons, it’s worth summarizing my case in the present article.

Call Now Button