Infinite Banking from the perspective of economist Robert P Murphy PhD

Podcast Episode Summary

9-21-2010

Robert P Murphy PhD

How Privatized Banking Really Works co-author joins Patrick Donohoe and discusses his perspective on our country's financial system and the role of a sound money system. Dr Murphy recently co-authored a book with L Carlos Lara which can be purchased on the website http://www.usatrustonline.com or on www.amazon.com. In this book the authors explain the causes for our countries recurring boom and bust cycle which theory has its roots in the Austrian Business Cycle theory. This theory began with Ludwig Von Mises and has been consistently re-emphasized in the works of his contemporaries FA Hayek and Murray Rothbard and most recently The Mises Institute and the Foundation for Economic Education.

How Privatized Banking Really Works is an ideal read for those who have been introduced to Nelson Nash's Become Your Own Banker but also for those who desire to champion a personal/private sound money system.

Dr Murphy has authored other books such as The Politically Correct Guide Capitalism and The Politically Correct Guide to the Great Depression and The New Deal. These books can be purchased from Dr Murphy's website http://consultingbyrpm.com/

For more information on how to create your own Private Economy with the Infinite Banking Concept please browse our website www.paradigmlife.net and visit our blog and download our free article or call us at 1-800-870-8670 or email us at info@paradigmlife.net