Episode 374: [Client Spotlight] Bank On Yourself® and Austrian Economics with Max Brusky

Not Your Average Financial Podcast™

In this episode, we ask:

• Can you imagine…?
• What is Austrian Economics?
• Who is Max Brusky?
• What is Max’s podcast about?
• Would you like to hear the BuckAround Podcast?
• What happened to Max in downtown Chicago?
• What happened at the Mises Circle event?
• What is the relationship between Austrian Economics and Bank on Yourself?
• Who is Ludwig von Mises?
• What about Mises’ books, Theory of Money and Credit (1912) and Socialism (1920)?
• What about sound money?
• What is considered a store of value?
• What about lending money?
• What is the purpose of the central bank?
• Is it a quasi-government agency?
• Who appoints the central bank’s governors?
• What is money? What is credit?
• Who controls the money supply?
• What leads to inflation?
• What leads to improper business signals to investors and creditors?
• What is a good interest rate?
• Who sets the interest rate?
• What is the Austrian Business cycle?
• What is the boom / bust cycle?
• What happens when the money is cheap and free?
• What happens when bad decisions get subsidized by more money?
• What does Mark have?
• Do the Austrians have something to say about what’s going in our world right now?
• Would you like to visit mises.org?
• What about the Great Depression?
• Would you like to read Murray Rothbard’s book on The Great Depression?
• Who was Murray Rothbard?
• What about human action?
• Who are the Austrian economists?
• What is the fix? Can anyone fix it?
• What about Bitcoin and cryptocurrencies?
• What about the various agendas?
• Do you remember the sidebar blogroll?
• What about various Austrian economist podcasters?
• What about Keynesian economics?
• What about course corrections?
• What did Thomas Jefferson say?
• How was Max lucky?
• Who is Robert Murphy?
• Who is able to opt out of that system?
• What is designed to keep you in debt?
• What about debt, on the bank’s terms?
• What happens when you use the cash value as collateral on a policy loan for big purchases in Bank on Yourself® type whole life insurance policies?
• What is the great dispossession?
• Who gets paid last?
• How is an insurance company’s contract different?
• What about the history of the contract?
• What are the benefits of whole life insurance?
• How does the death benefit make a big impact?
• How has Max used his policies?
• How about loaning money to kids for college?
• What about having skin in the game?
• What about the honor of paying back your debt?
• What about paying tax?
• What about donations?
• How do the college loan repayments contribute to the kid’s inheritance?
• What is a racket?
• What are some creative ways to set up kids for success?
• Would you like to visit mises.org?
• Would you like to visit aier.org?
• What are the takeaways?

Max Brusky is an attorney specializing in civil litigation, particularly insurance defense, coverage, and subrogation. He is currently an “in-house” and Claims Director for a national trucking company. He is a happy husband to a happy (and brilliant, and understanding) wife, and the proud father of two, one in college, one almost in college. He currently lives in Chicago’s far west suburbs, but still considers himself a Wisconsin expatriate.