Bob Murphy Responds to Dave Ramsey Calling IBC a Scam
Personal finance guru Dave Ramsey recently called IBC a scam on his popular show. Ramsey alleged that the dividends received from a mutual life insurance company were just deliberate overcharges to make the customer think he was earning a profit, even though it all came out of the customer’s own pocket. Bob sets the record straight.
Mentioned in the Episode and Other Links of Interest:
- The YouTube version of this interview (recommended!)
- The YouTube video where Dave Ramsey calls IBC a “scam.”
- An Invest
Article from Mises Wire