The Lara-Murphy Report Podcast
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Episode 89: The Fed Just Lost a Trillion Dollars–Should We Care?
February 1, 2023Bob and Carlos discuss a recent Mercatus Policy Brief that documents how rising interest rates have caused the Fed to lose a trillion dollars in the value of its assets, and is now technically insolvent. Does it matter?
Mentioned in this episode and other links of interest:
- The Mercatus report explaining how the Fed lost a trillion dollars.
- Bob’s 2011 article explaining the Fed’s accounting change.
- Bob and Carlos’ presentation, “How to Weather the Coming Financial Storms.”
- Bob and Carlos’ book with Nelson, The Case for IBC.
- The IBC Practitioner Finder.
The audio production for this episode was provided by Podsworth Media.
Episode 88: Is the United States Hopeless at This Point?
August 25, 2022Prompted by an email, Bob and Carlos acknowledge that yes, things look pretty bleak right now, both financially and culturally. But there is still cause for hope. The worst thing to do right now would be to give up.
Mentioned in this episode and other links of interest:
- Bob’s recent Mises University presentation on inflation under QE vs. Covid.
- Bob and Carlos’ presentation, “How to Weather the Coming Financial Storms.”
- Bob and Carlos’ book with Nelson, The Case for IBC.
- The IBC Practitioner Finder.
The audio production for this episode was provided by Podsworth Media.
Episode 87: Is the US in Recession or Not? Making Sense of the Numbers
August 18, 2022Bob and Carlos discuss the oddities in the official numbers, which show low unemployment but also low labor participation, and how the statistics don’t match their personal observations.
Mentioned in this episode and other links of interest:
- Scott Sumner’s blog post on whether US entered a recession in 1q 2022.
- A CNBC article explaining the surprisingly good jobs report for July.
- Bob’s new book on Understanding Money Mechanics.
- “The Foundations of IBC” video series.
- Bob and Carlos’ presentation, “How to Weather the Coming Financial Storms.”
- Bob and Carlos’ book with Nelson, The Case for IBC.
- The IBC Practitioner Finder.
The audio production for this episode was provided by Podsworth Media.
Episode 86: The Fed Is Officially Bankrupt–Should We Care?
July 16, 2022Bob and Carlos discuss a recent article in The Hill, which explains that rising interest rates have rendered the Fed technically insolvent.
Mentioned in this episode and other links of interest:
- The Hill article on Fed losses.
- David R. Henderson quoting Hummel on whether the Fed will go bankrupt.
- Bob’s new book on Understanding Money Mechanics.
- “The Foundations of IBC” video series.
- Bob and Carlos’ presentation, “How to Weather the Coming Financial Storms.”
- Bob and Carlos’ book with Nelson, The Case for IBC.
- The IBC Practitioner Finder.
The audio production for this episode was provided by Podsworth Media.
Episode 85: How Is Today’s Economy Like the 1970s?
June 29, 2022Bob asks Carlos to recount his own financial struggles as a young businessman in the late 1970s, when price inflation and interest rates skyrocketed. This painful episode ultimately led Carlos to discover Austrian economics.
Mentioned in this episode and other links of interest:
- Bob’s article on oil price controls in 1970s. His new book on Understanding Money Mechanics.
- “The Foundations of IBC” video series.
- Bob and Carlos’ presentation, “How to Weather the Coming Financial Storms.”
- Bob and Carlos’ book with Nelson, The Case for IBC.
- Their book, How Privatized Banking Really Works.
- The IBC Practitioner Finder.
The audio production for this episode was provided by Podsworth Media.