Integrating Austrian Economics with the Infinite Banking Concept
By L. Carlos Lara and Robert P. Murphy, Ph.D.
The book that R. Nelson Nash believes should be required reading for anyone interested in Becoming Your Own Banker.
What if there was a solution to government intervention and our current money madness? Would you hesitate one minute in wanting to know what it is? Of course not! No one would. The problem is so pervasive that a solution seems impossible and yet, there is a solution. This solution’s only requirement is the action of a single person acting in a manner to help only himself, but in so acting ultimately he helps all of society.
The powerful combination of Austrian Economics, The Sound Money Solution and Privatized Banking, as described by R. Nelson Nash’s Infinite Banking Concept, is the “new” idea in this book.
More from L. Carlos Lara: www.lara-murphy.com
More from Robert P. Murphy, Ph.D.: http://consultingbyrpm.com
“Lara and Murphy have demystified fractional reserve banking, and made it clear: We’re getting ripped off!”
– Dr. Thomas E. Woods, Jr. Author of the New York Times bestseller Meltdown
and The Politically Incorrect Guide to American History
“Read this book and learn how you can personally secede from our crumbling monetary regime and improve your financial future while undermining this insidious system of government controls”
– Dr. Thomas DiLorenzo Professor of Economics, Loyola University Maryland,
Author of How Capitalism Saved America, The Real Lincoln, and Hamilton’s Curse
In their recent book How Privatized Banking Really Works Carlos Lara and Dr. Robert Murphy have thrust the Austrian theory into new territory by outlining a practical treatment plan for the precise diagnosis which the Austrians have known and disseminated for years.
Murphy and Lara have creatively, confidently and competently married the Austrian’s sound theory regarding the inflationary practices of the FED with the plain, practical process known as ‘The Infinite Banking Concept’ which implements the theory of private individualized banking. They accomplish this through the utilization of the vast capital resources which Mises alluded to over a half century ago when he said, ‘On the American money market today it is no longer the banks, it is the insurance companies that are the greatest money lenders. And the money of the insurance company is—not legally, but economically—the property of the insured. And practically everybody in the United States is insured in one way or another.’ (Economic Policy: Thoughts for Today and Tomorrow. Ludwig von Mises from a lecture given in 1955.)