In both the Lara-Murphy Report and our book, How Privatized Banking Really Works, Carlos and I explain the benefits of Nelson Nash’s Infinite Banking Concept (IBC), which involves the disciplined use of dividend-paying life insurance policies. Since Nash himself couches the discussion in terms of whole life policies, we naturally did the same.
Fully understanding society’s problem, while absolutely necessary, is not enough to bring about the solution. Education alone will not do it. Action must go farther than that. But should that action be implemented from the top down to society, or beginning with the individual, spread out and up? In this question and its answer lie the supreme differences between the thinking of the Keynesian and that of the Austrian School — central planning vs. a free market economy.