The Lara-Murphy Report

Bob asks Carlos to discuss his findings regarding the new Department of Labor regulations on financial professionals that kick in on June 9, which concern those who act as a "fiduciary" for clients.

In the previous episode, Carlos and Bob talked with Nelson about his life before IBC. In this episode they focus more on his discovery of how to become your own banker.Mentioned in this episode: Leonard Read's famous essay, "I, Pencil": http://www.econlib.org/library/Essays/rdPncl1.html Nelson Nash's bestselling book, Becoming Your Own Banker: https://infinitebanking.org/product/becoming-your-own-banker/ Previous podcast episodes to introduce IBC:https://lara-murphy.com/podcast/episode-17-guide-starting-ibc-part-1/https://lara-murphy.com/podcast/episode-18-guide-starting-ibc-part-2/

Carlos and Bob ask the founder of IBC about his background, including his faith, marriage, career in forestry, and meeting Leonard Read.Mentioned in this episode: Leonard Read's famous essay, "I, Pencil": http://www.econlib.org/library/Essays/rdPncl1.html Nelson Nash's bestselling book, Becoming Your Own Banker: https://infinitebanking.org/product/becoming-your-own-banker/ Previous podcast episodes to introduce IBC:https://lara-murphy.com/podcast/episode-17-guide-starting-ibc-part-1/https://lara-murphy.com/podcast/episode-18-guide-starting-ibc-part-2/

In this episode, Bob and Carlos round out the discussion of the GOP's proposed tax reform. Bob reminds listeners of the material he covered in Parts 1 and 2, and then our dynamic duo discuss the real world implications of major tax reform. Carlos recalls what happened after the 1986 Tax Reform Act, and how it destroyed the real estate market.

In this episode, Bob once again flies solo in order to show listeners how to think about "tax reform" the way mainstream economists think about it.Mentioned in this episode: The Myth of Neutral Taxation" by Murray Rothbard: https://mises.org/library/myth-neutral-taxation "Flat Tax...or Flat Taxpayer?" by Murray Rothbard: https://mises.org/library/flat-taxor-flat-taxpayer

In this episode, Bob flies solo in order to show readers how to start thinking about the border tax adjustment plan that the GOP has proposed, as a way to boost the economy and reduce the trade deficit.Mentioned in this episode: "How to Think About Taxes" by Scott Sumner:http://econlog.econlib.org/archives/2017/02/how_to_think_ab.html

Although it's too early to say anything definitively, Carlos and Bob offer their reflections on what we've seen so far.

Carlos and Bob read the declassified version of the 25-page report issued by the US intelligence community on the alleged intentions and interventions of the Russian government in the US election. As it turns out, there's not much there. Cynics still have every right to be skeptical of this whole enterprise to convince Americans that "Putin picked our president."Mentioned in this episode: The official intelligence report: https://www.dni.gov/files/documents/ICA_2017_01.pdf DNI Chief James Clapper says Assange not credible: http://www.nbcnews.com/news/us-news/sen-mccain-russia-s-election-meddling-unprecedented-attack-n700981 Same James Clapper caught lying to Congress in 2013 about NSA spying on Americans: http://www.politifact.com/truth-o-meter/article/2014/mar/11/james-clappers-testimony-one-year-later/ Murphy to speak on his book *Choice* for Heartland Institute near Chicago on January 18: https://www.heartland.org/events/events/choice-cooperation-enterprise-and-human-action Nelson Nash, Lara, and Murphy to present IBC Seminar for the general public in Birmingham, AL on February 11. (Use Discount Code LMSHOW for 50% off). http://events.r20.constantcontact.com/register/event?oeidk=a07ed9svsqba14b85f4&llr=z88o8ecab

You may notice a familiar voice reading the Introduction to the book by Lara and Murphy. To order a physical copy, scroll down at:https://lara-murphy.com/resources/

Carlos and Bob use a Bloomberg chart to discuss the major financial events of 2016, and how investors should interpret movements in the stock and bond markets.Mentioned in this episode:IBC Seminar for the general public on February 11, 2017 in Birmingham, AL.FOR 50% OFF, USE DISCOUNT CODE: LMSHOWFor details and registration click here.