InFi: the Future of Finance

Infineo
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Welcome to INFI: the Future of Finance, hosted by American economist and author Dr. Robert P. Murphy. Each week tune in for dynamic discussions with business pioneers about emerging trends in finance, life insurance, asset management, technology, and more.

  1. 6d ago

    Ep. 150: Can Capitalism Work in a Finite World?

    A popular objection is that capitalism requires exponential growth, which is incompatible with a finite world. Bob critiques both premises. Related: - https://infineo.ai/resources/blog/Expectations-About-the-Future-Affect-Price-Today-Part-2-of-3  - https://mises.org/mises-daily/law-property-rights-and-air-pollution  - https://www.youtube.com/watch?v=5CWHfPlXX14  - https://www.youtube.com/watch?v=U-zjYmq6B-c  Watch the video version of this episode here: https://youtu.be/Je1UDsXFk3M  Subscribe to our YouTube channel: https://bit.ly/3XXfmGS  Follow us on Instagram: https://www.instagram.com/infineogroup  Follow us on Twitter: https://www.twitter.com/infineogroup  Learn more about Infineo at: https://www.infineo.io  Audio Production by Podsworth Media - https://podsworth.com

    Ep. 150: Can Capitalism Work in a Finite World?

  2. Aug 7

    Ep. 149: The Connection Between Government Budget Deficits & Inflation

    Bob uses a recent tweet from Steve Keen to weigh in on an old controversy. Government deficits don't cause price inflation per se, but they often encourage the central bank to create more money, which is inflationary. The distinction matters: a deficit is a fiscal phenomenon, but the inflation mechanism requires monetary policy—specifically, central bank accommodation of government borrowing. Bob unpacks why Keynesians, Austrians, and MMT economists talk past each other on this question, and where each school gets the causation right and wrong. Related: - https://x.com/ProfSteveKeen/status/2083718398119166163  - https://cdn.mises.org/Making%20Economic%20Sense_3.pdf  - https://mises.org/quarterly-journal-austrian-economics/deficit-myth-modern-monetary-theory-and-birth-peoples-economy  - https://www.youtube.com/watch?v=oaUlKM1z4kI  - https://link.springer.com/article/10.1023/A:1027301323209  Chapters: 0:00 — Intro 0:20 — Steve Keen's tweets on deficits + What deficits are (and are NOT) 6:00 — The role of the central bank: monetizing the deficit 9:40 — Why "deficits cause inflation" is imprecise 13:10 — MMT vs. Austrian economics on money printing 16:50 — Real constraints vs. fiscal constraints 20:05 — Can a government ever run out of money? 23:30 — Historical examples of deficit-driven inflation 27:00 — What Steve Keen gets right (and wrong) 29:35 — The takeaway: deficits, money, and your wallet Watch the video version of this episode here: https://youtu.be/jDMoPoX54mw  Subscribe to our YouTube channel: https://bit.ly/3XXfmGS  Follow us on Instagram: https://www.instagram.com/infineogroup  Follow us on Twitter: https://www.twitter.com/infineogroup  Learn more about Infineo at: https://www.infineo.io  Audio Production by Podsworth Media - https://podsworth.com

  3. Jul 31

    Ep. 148: Why Mamdani Marts Will Hurt Poor New Yorkers

    Bob explains the numerous flaws with NYC Mayor Mamdani's proposal to have government-run grocery stores sell key items at 30% below retail. Bob also explains the problem with a popular meme asking why people pay taxes if the government can just print money. MAMDANI MARTS — WHAT COULD GO WRONG? NYC Mayor Mamdani wants to open five city-run grocery stores selling a core set of items at 30% below typical retail prices. It sounds like a win for struggling New Yorkers — but the economics tell a very different story. Bob walks through the cascade of problems this creates: - The Competition Problem - The "Savings" Illusion - The Shelf-Stripping Problem - Who Actually Benefits?  - The Opportunity Cost - Better Alternatives Exist Bob then responds to a Libertarian Party-retweeted image asking why people pay taxes if government can print money, warning it echoes MMT-style misconceptions: at current spending levels, replacing taxation with money printing would trigger massive inflation and currency collapse, similar to financing everything by borrowing without taxation. He cites the Fed's balance-sheet expansion during COVID and the ensuing high inflation to illustrate limits of monetary financing. Watch the video version of this episode here: https://youtu.be/U9p7sJjQOvY  Subscribe to our YouTube channel: https://bit.ly/3XXfmGS  Follow us on Instagram: https://www.instagram.com/infineogroup  Follow us on Twitter: https://www.twitter.com/infineogroup  Learn more about Infineo at: https://www.infineo.io  Audio Production by Podsworth Media - https://podsworth.com

    Ep. 148: Why Mamdani Marts Will Hurt Poor New Yorkers

  4. Jul 24

    Ep. 147: The Myth of "Wildcat Banks" in US History

    Bob draws on three clips from a popular video discussing the banking sector, pre- and post-Fed. Bob dispels myths about the "wildcat" banks of the so-called Free Banking era, and shows that the Fed clearly led to more economic instability (as well as inflation). Related: - https://www.youtube.com/watch?v=z4uTadogtI4  - https://infineo.ai/podcast/100  - https://www.minneapolisfed.org/research/quarterly-review/free-banking-wildcat-banking-and-shinplasters  - https://infineo.ai/resources/blog/does-history-show-government-debt-paydown-causes-a-crash  - https://www.fte.org/wp-content/uploads/WhiteSelginLastrapesFed1.pdf  Watch the video version of this episode here: https://youtu.be/U9p7sJjQOvY  Subscribe to our YouTube channel: https://bit.ly/3XXfmGS  Follow us on Instagram: https://www.instagram.com/infineogroup  Follow us on Twitter: https://www.twitter.com/infineogroup  Learn more about Infineo at: https://www.infineo.io  Audio Production by Podsworth Media - https://podsworth.com

    Ep. 147: The Myth of "Wildcat Banks" in US History

  5. Jul 17

    Ep. 146: Alex Tabarrok on the Economic Analysis of Crime

    Alex Tabarrok is a professor of economics at George Mason University. He joins Bob to discuss the problems with the typical economic analysis of crime, which (in the hands of Gary Becker) advocated increasing the punishment to bolster deterrence. Related: - https://marginalrevolution.com/marginalrevolution/2015/09/what-was-gary-beckers-biggest-mistake.html  - https://www.goodreads.com/author/quotes/17285.Jane_Jacobs Watch the video version of this episode here: https://youtu.be/KQYX_hTk3Tg  Subscribe to our YouTube channel: https://bit.ly/3XXfmGS  Follow us on Instagram: https://www.instagram.com/infineogroup  Follow us on Twitter: https://www.twitter.com/infineogroup  Learn more about Infineo at: https://www.infineo.io  Audio Production by Podsworth Media - https://podsworth.com

    Ep. 146: Alex Tabarrok on the Economic Analysis of Crime

  6. Jul 10

    Ep. 145: Sorry Mamdani, Rent Control Doesn't Work

    Spurred by the NYC rent freeze, Bob lays out the theory and history of rent control, explaining why it hurts the people it ostensibly is supposed to help. He also shows why a "revisionist" paper actually confirms the textbook arguments against rent control. Related: - https://mason.gmu.edu/~atabarro/RentControl  - https://sci-hub.st/10.1016/j.jue.2006.06.004  Watch the video version of this episode here: https://youtu.be/oxfG95w8x2Q  Subscribe to our YouTube channel: https://bit.ly/3XXfmGS  Follow us on Instagram: https://www.instagram.com/infineogroup  Follow us on Twitter: https://www.twitter.com/infineogroup  Learn more about Infineo at: https://www.infineo.io  Audio Production by Podsworth Media - https://podsworth.com

    Ep. 145: Sorry Mamdani, Rent Control Doesn't Work

  7. Jul 3

    Ep. 144: The Gold Standard Did NOT Cause the Great Depression

    Using the 2009 testimony of Brad DeLong as a foil, Bob defends the gold standard from the typical accusation that it was responsible for the Great Depression. Bob shows that even after leaving gold, both the UK and US remain mired with double-digit unemployment for longer than prior depressions had lasted. Related: - https://infineo.ai/resources/blog/Did-Gold-Cause-the-Great-Depression  - https://fee.org/articles/the-depression-youve-never-heard-of-1920-1921  Watch the video version of this episode here: https://youtu.be/wt0rAynxgGc  Subscribe to our YouTube channel: https://bit.ly/3XXfmGS  Follow us on Instagram: https://www.instagram.com/infineogroup  Follow us on Twitter: https://www.twitter.com/infineogroup  Learn more about Infineo at: https://www.infineo.io  Audio Production by Podsworth Media - https://podsworth.com

    Ep. 144: The Gold Standard Did NOT Cause the Great Depression

  8. Jun 26

    Ep. 143: Alan Greenspan's Fed Fueled the Housing Bubble

    Bob presents several lines of evidence to argue that the Federal Reserve under Alan Greenspan helped fuel the housing bubble in the early to mid-2000s. He also pushes back against the claim that it was an Asian savings glut to blame. Related: - https://cdn.mises.org/understanding_money_mechanics_with_cover_image_attached.pdf  - https://mises.org/mises-daily/did-fed-or-asian-saving-cause-housing-bubble  - https://mises.org/mises-daily/krugmans-call-housing-bubble  - https://www.cato.org/briefing-paper/greenspans-monetary-policy-retrospect  - https://mises.org/mises-daily/worst-recession-25-years  Watch the video version of this episode here: https://youtu.be/mRAZ6HuO0b4 Subscribe to our YouTube channel: https://bit.ly/3XXfmGS  Follow us on Instagram: https://www.instagram.com/infineogroup  Follow us on Twitter: https://www.twitter.com/infineogroup  Learn more about Infineo at: https://www.infineo.io  Audio Production by Podsworth Media - https://podsworth.com

    Ep. 143: Alan Greenspan's Fed Fueled the Housing Bubble
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Welcome to INFI: the Future of Finance, hosted by American economist and author Dr. Robert P. Murphy. Each week tune in for dynamic discussions with business pioneers about emerging trends in finance, life insurance, asset management, technology, and more.

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