tag:blogger.com,1999:blog-3758330678390419129.post5073826056791981815..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Murphy versus NorthRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-3758330678390419129.post-65894681383566132232013-09-11T17:09:24.795-04:002013-09-11T17:09:24.795-04:00The more I read about this concept the more it mak...The more I read about this concept the more it makes sense. I think what most people are forgetting is the long term of the program and the fact that this isn't an investment but more a savings vehicle for a place to put your cash. Where else can you put cash that is relatively safe as bank and earn more than the going rate of interest? <br /><br />I think it you read the books and look at itMichael Sparkshttps://www.blogger.com/profile/05495439608293054040noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-13432096601992451972013-07-04T01:59:17.436-04:002013-07-04T01:59:17.436-04:00I think IBC is awesome, and I buy gold and silver ...I think IBC is awesome, and I buy gold and silver coins too. Whole life policies by themselves are not a good deal. Whole life policies with PUA riders on them, where you pay the maximum possible PUA, are a much, much better deal. If you start early, structure the policy correctly and keep it up through your life (why wouldn't you... you have to keep up your payments at least until your Surlyhttps://www.blogger.com/profile/12376209628960365655noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-5257389851787051092013-05-09T10:23:53.563-04:002013-05-09T10:23:53.563-04:00Has anyone here read one of Nash's book? I rea...Has anyone here read one of Nash's book? I read one and found it moderately interesting. Suggesting that it is crazy or a scam by just taking Mr. Y2K's word is silly.Josiahhttps://www.blogger.com/profile/02283350026155164077noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-20800499676064014372013-05-09T01:24:39.370-04:002013-05-09T01:24:39.370-04:00Also, use cash back or hotel/airline points credit...Also, use cash back or hotel/airline points credit cards, and pay your bills in full every month.Tomhttps://www.blogger.com/profile/00964737733311401148noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-88139399097733986852013-05-08T22:46:54.334-04:002013-05-08T22:46:54.334-04:00Its like Keynes says ' we only owe it to ourse...Its like Keynes says ' we only owe it to ourselves' Heathhttps://www.blogger.com/profile/15417060063126394938noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-82097913748495524032013-05-08T21:02:06.688-04:002013-05-08T21:02:06.688-04:00OMG Murphy, this looks really pathetic. Why are y...OMG Murphy, this looks really pathetic. Why are you involved in any of this? Not only that, but you're associating Austrianism with this. Stocks may be a rigged game and same with the banking system, but you're shilling for a hokey scheme that is totally unnecessary. Just do the following: don't get into debt, save your money, pay cash for items you'd usually put on a credit SpokAnCaphttps://www.blogger.com/profile/09799901256022040951noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-59584921123881933392013-05-08T19:11:22.991-04:002013-05-08T19:11:22.991-04:00It's sad.It's sad. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-4068488064625629712013-05-08T19:05:47.371-04:002013-05-08T19:05:47.371-04:00Well, Murphy just verified the core of North's...Well, Murphy just verified the core of North's contention. It is a whole life policy where you borrow against you own money. michaelmcnulty is correct, how nuts is that, especially when all kinds of fees had to be taken out before you borrow against your own money.<br /><br />Why the hell is Murphy involved with this? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-3944563694536354422013-05-08T18:49:32.594-04:002013-05-08T18:49:32.594-04:00You're a real financial genius. How much inter...You're a real financial genius. How much interest are you paying to borrow your own money? LOLAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-87103874279242251002013-05-08T17:43:13.624-04:002013-05-08T17:43:13.624-04:00I'm not going to get in a debate in the commen...I'm not going to get in a debate in the comments of somebody else's blog, but I will say this: I am personally practicing Infinite Banking, and with the way Nelson Nash advises that you structure your policy, you can start borrowing against it after the first premium payment. In real life, with my actual policy, I borrowed against it within the 5th month or so.<br /><br />So, North's Bob Murphyhttps://www.blogger.com/profile/04001108408649311528noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-58921895120659069472013-05-08T15:47:49.821-04:002013-05-08T15:47:49.821-04:00"I think a party affiliation only hurts him a..."I think a party affiliation only hurts him and his RPI at this point. <br /><br />That said, I think it's possible to generally support Ron Paul and not agree with his every deed or position."<br /><br />Great comment, I agree with you Ryan.<br /><br />I think it's time for Ron Paul to disavow the Republicans, and even further disavow the political system.<br /><br />That beingNick Badalamentihttps://www.blogger.com/profile/14015961786370759940noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-8657554998845583812013-05-08T14:49:24.421-04:002013-05-08T14:49:24.421-04:00To clarify: I wasn't alluding to any public di...To clarify: I wasn't alluding to any public disavowal of the GOP or anything like that. I've not heard of any such thing. It simply seems reasonable that Paul, being no longer an elected official, is unlikely to bother identifying as a Republican anymore. I think a party affiliation only hurts him and his RPI at this point. <br /><br />That said, I think it's possible to generally Ryan McMakenhttps://www.blogger.com/profile/09358405994582349798noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-40671412090461623902013-05-08T14:35:06.679-04:002013-05-08T14:35:06.679-04:00I'm not familiar with infinite banking but if ...I'm not familiar with infinite banking but if North is correct in his description of it then he is right in condemning it.Tom E. Snyderhttps://www.blogger.com/profile/13425789987903796346noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-52727960572357142502013-05-08T13:35:57.525-04:002013-05-08T13:35:57.525-04:00edit: "simple striving"edit: "simple striving"Nick Badalamentihttps://www.blogger.com/profile/14015961786370759940noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-29914351153173278802013-05-08T13:33:05.534-04:002013-05-08T13:33:05.534-04:00"That fact certainly doesn't necessitate ..."That fact certainly doesn't necessitate some kind of "follow up."<br /><br />Well, it's hard to say you support Ron Paul on one hand while he's endorsing GOP candidates that you condemn(for whatever reason), which Vance did(in a round about way via bashing the electorate). So I'm going to disagree with you, I think Vance should address it.<br /><br /><br />"HeNick Badalamentihttps://www.blogger.com/profile/14015961786370759940noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-47931735274002496392013-05-08T13:26:49.806-04:002013-05-08T13:26:49.806-04:00Granted, but I think it would be easy to suggest o...Granted, but I think it would be easy to suggest one is sowing discord when in reality there is a simply striving for the truth.Nick Badalamentihttps://www.blogger.com/profile/14015961786370759940noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-79251949362912110472013-05-08T12:53:01.842-04:002013-05-08T12:53:01.842-04:00In Murphy's post, he refers to this book:
Bec...In Murphy's post, he refers to this book:<br /><br />Becoming Your Own Banker: Unlock the Infinite Banking Concept R. Nelson Nash <br /><br />I have never read this book. <br /><br />But how can one have infinite banking? <br /><br />Sounds like a con or another "money for nothing" scheme which as North has pointed out before, usually involves the sucker giving something away in stevehttps://www.blogger.com/profile/04254728148882930531noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-5102880460542326732013-05-08T12:52:49.718-04:002013-05-08T12:52:49.718-04:00I doubt Vance cares one way or the other if Ron Pa...I doubt Vance cares one way or the other if Ron Paul endorsed Sanford. So what? That fact certainly doesn't necessitate some kind of "follow up." Besides, Ron Paul isn't a "Family Values Republican." He may not even a be a Republican anymore. Ryan McMakenhttps://www.blogger.com/profile/09358405994582349798noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-51720006952118040982013-05-08T12:41:33.651-04:002013-05-08T12:41:33.651-04:00Sowing is an intentional act (planting) with the a...Sowing is an intentional act (planting) with the aim of arriving at discord.Chrishttps://www.blogger.com/profile/17018718341065715200noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-12180496915960193602013-05-08T12:00:22.099-04:002013-05-08T12:00:22.099-04:00"one who sows discord among brothers"
T..."one who sows discord among brothers"<br /><br />That's an interesting one. If your brother is misleading, mistaken, etc., et al, there will of course be some "discord" in addressing such.<br /><br />So the question in my mind is who is causing the discord and why.<br />Nick Badalamentihttps://www.blogger.com/profile/14015961786370759940noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-72650185201109049682013-05-08T11:48:10.798-04:002013-05-08T11:48:10.798-04:00Proverbs 6:16-19 --> There are six things that ...Proverbs 6:16-19 --> There are six things that the Lord hates, seven that are an abomination to him: haughty eyes, a lying tongue, and hands that shed innocent blood, a heart that devises wicked plans, feet that make haste to run to evil, a false witness who breathes out lies, and one who sows discord among brothers.Unknownhttps://www.blogger.com/profile/17723192957055701389noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-79999851850485992162013-05-08T11:14:39.511-04:002013-05-08T11:14:39.511-04:00Ha! I love when you uncover the schisms, even if t...Ha! I love when you uncover the schisms, even if they are small, within the libertarian community.<br /><br />It helps us keep each other in check and keeps things lively.<br /><br />"Am I my brother's keeper?"<br /><br />I just pointed out to Vance, after he blogged about the hypocrisy of Sanford being elected that Ron Paul endorsed Sanford for that election.<br /><br />It'll Nick Badalamentihttps://www.blogger.com/profile/14015961786370759940noreply@blogger.com