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. 25 Discussing MMT Through the Eyes of a Socialist
Bob shares an interview he did on C. Jay Engel’s podcast, “Austro-Libertarian,” where they discussed Doug Henwood’s critique of MMT that ran in the socialist publication, Jacobin magazine. Henwood’s article was an excellent summary of the academic roots of MMT, and thus supplements the pragmatic discussions (from the perspective of Warren Mosler) that have recently…
Ep. 24 Murphy Dissects His Discussion of MMT With Warren Mosler
By popular demand, Bob goes solo and explains some of the major disagreements he had with the views Warren Mosler expressed back in episode 18. At that time, Bob was just having a friendly discussion, not a debate, but in this episode, Bob explains where he thinks Mosler went wrong. Mentioned in the Episode and…