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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October 30, 202642 min
Ep. 160: The Economics of Corporate Raiders
Inspired by a funny but misguided meme, Murphy explains why "hostile takeovers"—so long as they end up being profitable--are voluntary transactions that benefit not only the shareholders, but society at large. Related: - https://cdn.mises.org/fm689_0.pdf - https://www.youtube.com/watch?v=xBKfdt6IF70 Watch the video version of this episode here: https://youtu.be/GVjfyHUyj00 Subscribe to our YouTube channel: https://bit.ly/3XXfmGS Follow us on X: https://x.com/infineogroup Learn more about Infineo at: https://www.infineo.ai Audio Production by Podsworth Media - https://podsworth.com
October 23, 202615 min
Ep. 159: An Update on the US Housing Market and Inflation
Reading from a recent CNBC article, Murphy explains the deteriorating residential real estate market, tying the report to Fed policy. Related: - https://www.cnbc.com/2026/10/20/housing-mortgage-rates-real-estate-federal-reserve.html Watch the video version of this episode here: https://youtu.be/cUOzOFs9cac Subscribe to our YouTube channel: https://bit.ly/3XXfmGS Follow us on X: https://x.com/infineogroup Learn more about Infineo at: https://www.infineo.ai Audio Production by Podsworth Media - https://podsworth.com
October 16, 202644 min
Ep. 158: Explaining the Work of This Year's Econ Nobelists
Bob gives a critical but fair summary of the contributions of Robert Hall and Michael Woodford to economics. Related: - https://marginalrevolution.com/marginalrevolution/2026/10/michael-woodford-wins-nobel.html - https://marcusnunes.substack.com/p/the-book-that-removed-money-from Watch the video version of this episode here: https://youtu.be/pV99rBfuXis Subscribe to our YouTube channel: https://bit.ly/3XXfmGS Follow us on X: https://x.com/infineogroup Learn more about Infineo at: https://www.infineo.ai Audio Production by Podsworth Media - https://podsworth.com
October 9, 20261 hr 0 min
Ep. 157: What's Wrong With the Georgist Land Value Tax Proposal?
By listener request, Bob reviews a proposal to implement Henry George's land value tax (LVT), in order to reduce taxes on labor and capital. Among other problems, the Georgists ignore the social function of land speculators. In episode 157, Bob Murphy takes on the growing push for Georgism — the idea that we should stop taxing labor and capital and instead tax only the raw, unimproved value of land. Bob walks through the Georgist case fairly, then dismantles it. What you'll learn in this episode: What Henry George actually argued in Progress and Poverty — tax location value, exempt buildings and improvements The Lars Doucet essay "Does Georgism Work Five Years Later?" (Astral Codex Ten) and the Center for Land Economics model brochure "The Problem with Land Speculation" Why a revenue-neutral swap — lower income taxes, higher tax on ground rent — still distorts the economy (the tax interaction effect) Why vacant lots, surface parking, and even untouched nature preserves are NOT proof of market failure Why vacancy is healthy: the housing market has a natural vacancy rate just like the labor market has a natural unemployment rate The social function of speculators: how holding land vacant over time is the same as ranchers holding cattle, oil storers holding crude, and workers searching for the right job How private call options on real estate could fund public goods — and why a 100% land value tax would sabotage that solution If you've heard that Henry George proved land speculation is parasitic and the single tax is painless, this is the Austrian rebuttal. Related: https://www.astralcodexten.com/p/does-georgism-work-five-years-later https://landeconomics.org/problem https://blog.landeconomics.org/p/enacting-land-value-return-in-your https://www.econlib.org/library/Columns/y2012/Murphycarbon.html https://mises.org/mises-daily/social-function-futures-markets Watch the video version of this episode here: https://youtu.be/hAUEnzIl6yw Subscribe to our YouTube channel: https://bit.ly/3XXfmGS Follow us on X: https://x.com/infineogroup Learn more about Infineo at: https://www.infineo.ai Audio Production by Podsworth Media - https://podsworth.com
October 2, 202629 min
Ep. 156: Are Fed Rate Hikes Inflationary? Pushing Back on Luke Gromen
Murphy dissects the recent commentary from analyst Luke Gromen. Murphy argues that Luke was inconsistent, in that his arguments about interest expense (with higher rates) would mean Fed rate cuts would be Deflationary, and yet Luke argued they weren't. Murphy thinks we should distinguish fiscal from monetary policy at a conceptual level, even though in practice they can be intertwined. Related: - https://www.youtube.com/watch? v=9dUte6c7ZcM Watch the video version of this episode here: https://youtu.be/U5ETX-lf3j8 Subscribe to our YouTube channel: https://bit.ly/3XXfmGS Follow us on X: https://x.com/infineogroup Learn more about Infineo at: https://www.infineo.ai Audio Production by Podsworth Media - https://podsworth.com
September 25, 202628 min
Ep. 155: Kevin Warsh Plays the Sphinx in Latest Press Conference
Murphy analyzes several clips from the Q&A session of the new Fed chair's latest press conference, arguing that Warsh was refusing to give any assistance to the public on what to expect from the Fed in the future. Bob then explains why the hike surprised so many analysts: with ~$32 trillion in debt held by the public, fiscal dominance theory said the Fed couldn't hike, and why this move may have been symbolic to prove Fed independence from political pressure. Related: - https://www.youtube.com/watch?v=Nkmrr7P5gW4 - https://webhome.auburn.edu/~garriro/natneut.pdf Watch the video version of this episode here: https://youtu.be/graGcTpbzVc 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
September 18, 202639 min
Ep. 154: AI Threats: Real vs. Phony, with Perry Metzger
Perry Metzger returns to the podcast, this time to bring a dose of cynicism to the recent warnings coming from Anthropic employees, including CEO Dario Amodei. Metzger agrees that evil humans can use new technology in nefarious ways, but argues that the good guys likewise need to develop AI tools for defensive purposes. Watch the video version of this episode here: https://youtu.be/i4BGahWluWE 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
September 11, 202632 min
Ep. 153: Unpacking Trump's Trade Embargo Warning to the Federal Reserve
Intrigued by the combination, Bob analysis a recent Trump social media post in which he warned the Fed to cut interest rates, or else Trump would eliminate trade with those countries who currently enjoy a trade surplus with the US. Bob concludes that in general such a drastic move would raise US interest rates, but perversely if it caused a global financial crash, it conceivably could keep rates low on US Treasuries specifically. Watch the video version of this episode here: https://youtu.be/JD-rHn0PQHg 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
September 4, 202620 min
Ep. 152: The Pros and Cons of the Treasury Long-Bond Buyback
Bob explains that Treasury Secretary Bessent's policy of buying back long-dated securities will lower the government's interest expense in the short run, but makes it more vulnerable to future rate hikes. Watch the video version of this episode here: https://youtu.be/x_luY04QT18 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
August 21, 202624 min
Ep. 151: Yen Bailout Shows the Failure of Keynesian Policies
Murphy explains the massive joint US/Japan operations to prop up the yen and draws lessons for the US. In short, massive government deficits and central bank easy money are not the path to prosperity. Murphy breaks down Japan's recent currency and bond market moves, including the yen falling to a 40-year low against the U.S. dollar and the intervention by Japanese authorities in the foreign exchange market. He reviews the scale of that intervention, compares it with earlier episodes, and explains how market participants may have responded afterward. He also examines Japan's inflation history, from years of deflation and very low inflation to the recent move above 2% and 3% CPI readings. He then turns to rising interest rates and bond yields in Japan and the U.S. and discusses the effects on financial institutions and the fiscal costs of higher debt servicing. Watch the video version of this episode here: https://youtu.be/cQeze5jjvVA 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
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