Tag: Podcast
The Real Cause of The Great Depression with Robert P. Murphy – Part 2 (Ep. 50)

The Real Cause of The Great Depression with Robert P. Murphy – Part 2 (Ep. 50)

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Was the Great Depression triggered by the 1929 stock market crash, or by deeper flaws in unchecked capitalism?

In this follow-up conversation, economist Dr. Robert P. Murphy returns to debunk the most persistent myths about The Great Depression and explain what actually caused it, prolonged it, and eventually ended it.

From the Smoot-Hawley Tariff to wage rigidity, aggressive tax hikes, and misguided government intervention, Dr. Murphy unpacks why the Hoover and Roosevelt administrations made things worse, not better. He also shares what this history can teach us about inflation, regulation, and economic policymaking today.

What to expect:

  • Why the stock market crash alone didn’t cause the Depression
  • The real damage done by Hoover’s “interventionist” policies
  • How FDR’s New Deal tried (and failed) to fix a broken system
  • What truly pulled the U.S. out of the economic abyss
  • And more!

Resources:

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Connect with Robert Murphy:

About Our Guest: 

Robert P. Murphy is a Senior Fellow at the Fraser Institute and Chief Economist at Infineo and author of the widely acclaimed book, Choice: Cooperation, Enterprise, and Human Action. He is also a Senior Fellow with the Mises Institute. He received his Ph.D. in economics from New York University. Previous positions include Research Assistant Professor with the Free Market Institute at Texas Tech University, Visiting Assistant Professor of Economics at Hillsdale College, Senior Economist at the Institute for Energy Research, Visiting Scholar at New York University, Research Analyst at Laffer Associates, and Senior Fellow in Business and Economic Studies at the Pacific Research Institute. Prof. Murphy runs the blog, Free Advice, and hosts the podcast, The Bob Murphy Show. 

He is the author of The Politically Incorrect Guide to Capitalism, The Politically Incorrect Guide to the Great Depression and the New Deal, The Study Guide to Man, Economy, and State with Power and Market, The Human Action Study Guide, The Study Guide to The Theory of Money & Credit by Ludwig von Mises, and Lessons for the Young Economist. He has also written hundreds of economics articles for the layperson, has given numerous radio and television interviews on such outlets as Fox Business and CNBC, and is active on Twitter (@BobMurphyEcon).
The Real Cause of The Great Depression with Robert P. Murphy – Part 1 (Ep. 49)

The Real Cause of The Great Depression with Robert P. Murphy – Part 1 (Ep. 49)

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When people hear “The Great Depression,” most think of 1929’s market crash. 

But in this eye-opening conversation, economist Dr. Robert P. Murphy takes us further back, to the real roots of America’s central banking system and how its evolution may have done more harm than good.

From 19th-century boom-bust cycles and railroad speculation to the secret meeting at Jekyll Island that led to the Federal Reserve Act of 1913, Dr. Murphy brings clarity to a history often clouded by politics, panic, and policy spin. He explains why the Fed was created, how it was originally intended to function, and what it’s become today.

What to expect:

  • The Austrian School’s take on boom-bust cycles
  • How JP Morgan acted as a “private Fed” in 1907
  • The truth behind the Jekyll Island meeting
  • Why 1920–21 proves government intervention isn’t necessary
  • And more!

Resources:

Connect with Med-Wealth Financial Services: 

Connect with Robert Murphy:

About Our Guest: 

Robert P. Murphy is a Senior Fellow at the Fraser Institute and Chief Economist at Infineo and author of the widely acclaimed book, Choice: Cooperation, Enterprise, and Human Action. He is also a Senior Fellow with the Mises Institute. He received his Ph.D. in economics from New York University. Previous positions include Research Assistant Professor with the Free Market Institute at Texas Tech University, Visiting Assistant Professor of Economics at Hillsdale College, Senior Economist at the Institute for Energy Research, Visiting Scholar at New York University, Research Analyst at Laffer Associates, and Senior Fellow in Business and Economic Studies at the Pacific Research Institute. Prof. Murphy runs the blog, Free Advice, and hosts the podcast, The Bob Murphy Show. 

He is the author of The Politically Incorrect Guide to Capitalism, The Politically Incorrect Guide to the Great Depression and the New Deal, The Study Guide to Man, Economy, and State with Power and Market, The Human Action Study Guide, The Study Guide to The Theory of Money & Credit by Ludwig von Mises, and Lessons for the Young Economist. He has also written hundreds of economics articles for the layperson, has given numerous radio and television interviews on such outlets as Fox Business and CNBC, and is active on Twitter (@BobMurphyEcon).
History of Money – Part 2 (Ep. 48)

History of Money – Part 2 (Ep. 48)

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Is the U.S. dollar’s dominance on shaky ground, or are the headlines just noise?

In this episode of Prescribing Prosperity, John and Alex Soutsos break down the history of currency, from bartering and gold standards to modern fiat systems. With humor and sharp insight, they tackle a question that’s swamping inboxes everywhere: Are BRIC nations threatening to dethrone the dollar as the world’s reserve currency?

This episode is anything but dry. Expect throwbacks to Blockbuster, riffs on dynasties, and deep dives into Bretton Woods, Nixon’s gold pivot, and why trust, not just gold, is the real foundation of any economy.

What to expect:

  • How reserve currencies rise and fall
  • The role of the military, liquidity, and law in global trust
  • Why digital currency won’t stay neutral
  • The Canadian perspective on U.S. fiscal power
  • And more!

Resources:

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History of Money – Part 1 (Ep. 47)

History of Money – Part 1 (Ep. 47)

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The story of central banking is one of evolving intentions, unintended consequences, and ongoing debates about control, risk, and fairness in the economy.

In this episode, John and Alex Soutsos trace the history, evolution, and unintended consequences of central banking from Alexander Hamilton’s 1791 blueprint to Jerome Powell’s inflation dilemma today.

With wit and clarity, they explain how central banks were designed to prevent bank runs and create stability, but instead may be fueling business cycles, moral hazard, and widening wealth gaps. You’ll also hear how fiscal policy, political interference, and emergency bailouts have reshaped the role of the Federal Reserve and its global influence.

What you’ll learn:

  • A crash course in U.S. central bank history
  • How interest rates and inflation are really controlled
  • The truth about bailouts, moral hazard, and market distortions
  • What Germany, Argentina, and “It’s a Wonderful Life” teach us about economic panic
  • And more!

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Understanding the Impact of Elections on Your Wealth – Part 2 (Ep. 46)

Understanding the Impact of Elections on Your Wealth – Part 2 (Ep. 46)

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What if the future of Canada’s unity hinged on Alberta?

Join hosts John and Alex Soutsos for Part 2 of their conversation with tax expert Kim Moody, founder and director of Moodys Private Client. They continue to unpack the potential ramifications of political decisions on Canada’s economic landscape, with a sharper focus on Alberta’s growing discontent. Can future leadership bridge the divide, or will separatist sentiment continue to gain traction? Don’t miss this continuation of a thought-provoking discussion that blends tax insight with political and economic foresight.

Key highlights include:

  • The likelihood of changes to Canada’s tax policies by the ruling government [00:03:28]
  • The controversial idea of a wealth and home equity tax [00:09:40]
  • Alberta’s economic frustrations and the potential for separatism [00:13:18]
  • Historical context of Alberta’s grievances within the confederation [00:16:17]
  • Potential strategies to heal Canadian federal relations [00:32:29]

Resources:

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Connect with Kim GC Moody:

About Kim GC Moody: 

Kim G C Moody is a highly respected Canadian tax expert, entrepreneur, and thought leader in private client advisory. He is the founder and director of Moodys Private Client and Moodys Tax, where he specializes in providing strategic tax, estate, and succession planning for business owners, high-net-worth individuals, and professionals. With decades of experience, Kim is a Fellow Chartered Professional Accountant (FCPA, FCA), a member of the Society of Trust and Estate Practitioners (TEP), and has held prominent leadership roles with the Canadian Tax Foundation and CPA Canada.

Kim is also the bestselling author of Making Life Less Taxing, a book focused on helping Canadians navigate complex tax systems with clarity and purpose. Known for his bold, insightful commentary, he frequently speaks on national platforms and contributes to policy discussions shaping Canada’s financial future. In 2016, Kim enrolled in law school to deepen his knowledge and continue his commitment to lifelong learning. He also shares weekly insights through his newsletter 1-1-1, combining tax expertise with leadership and economic reflections.
Understanding the Impact of Elections on Your Wealth – Part 1 (Ep. 45)

Understanding the Impact of Elections on Your Wealth – Part 1 (Ep. 45)

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What are the economic consequences of recent political shifts in Canada? 

Join John and Alex Soutsos as they dive into the aftermath of the Canadian election with special guest, Kim G C Moody, a renowned tax expert from Moodys Private Client. This episode navigates the intricate landscape of Canadian politics and its economic repercussions.

Kim provides enlightening insights into tax complexities, highlighting the need for reform and the controversial policies at play. This episode delves into critical topics such as corporate taxes, personal income taxes, and the broader economic implications of political decisions.

Topics of discussion include:

  • The impact of recent elections on Canada [00:02:12]
  • The role of nationalism in Canadian politics [00:04:37]
  • Complexities in Canada’s tax system and proposed reforms [00:16:23]
  • The history and implications of corporate taxation [00:28:17]
  • Adam Smith’s Wealth of Nations’ tenants and their relevance today [00:49:57]

Resources:

Connect with Med-Wealth Financial Services: 

Connect with Kim Moody:  

About Kim G C Moody: 

Kim G C Moody lives and breathes the Income Tax Act—so his clients don’t have to. With over two decades of experience as a Chartered Accountant, Registered Trust and Estate Practitioner, and founder of Moodys Private Client, Kim is known for translating complex tax laws into clear, actionable strategies for entrepreneurs and high-net-worth individuals. His approach is creative, forward-thinking, and grounded in a deep understanding of the challenges business owners face.

A passionate advocate for tax education and reform, Kim has published extensively, lectured across the country, and held leadership roles with the Canadian Tax Foundation, STEP Canada, and the CBA/CPA Canada Joint Committee on Taxation. In 2016, he began studying law part-time at the University of Calgary to further his impact on tax policy.

Outside of his professional life, Kim enjoys classic rock concerts and supports charitable causes, particularly in the area of philanthropic giving.
Navigating Market Corrections: Strategies for Medical Professionals (Ep. 44)

Navigating Market Corrections: Strategies for Medical Professionals (Ep. 44)

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Have you ever wondered how to navigate market corrections with ease? 

In this episode of Prescribing Prosperity, John and Alex Soutsos dive deep into strategic wealth management and the psychology behind investment decisions, offering clarity amid market chaos.

John and Alex explore the benefits of a nimble investment model, emphasizing how their approach outperforms larger institutional funds. They discuss the recent U.S. market downturn, revealing how a tactical approach to asset allocation can help mitigate downside risk. The conversation pivots to a nuanced discussion on pension planning, highlighting options such as the RRSP, Medicus, and HOOPP, and their role in securing a stable retirement.

John and Alex discuss:

  • (01:45) Defensive investing strategy compared to institutional funds 
  • (04:30) Impact of market corrections on top-performing funds 
  • (10:03) Strategic repositioning within their portfolio 
  • (14:20) Comprehensive guide to the RRSP program 
  • (17:52)Pros and cons of Medicus and HOOPP pension plans 
  • (26:32) Benefits of Individual Pension Plans for legacy planning 
  • (38:02) Real estate investments vs. market liquidity

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What Investors Need to Know About Today’s Trade and Market Climate – Part 2 (Ep. 43)

What Investors Need to Know About Today’s Trade and Market Climate – Part 2 (Ep. 43)

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What’s the real impact of politics on your financial future?

Join hosts John and Alex Soutsos as they dive into the ripple effects of American politics on Canadian economics and dissect the complex relationship between politics, prosperity, and fiscal policies. This episode of Prescribing Prosperity takes a closer look at how international affairs shape domestic economic landscapes, touching on key events like the upcoming Canadian election and the economic maneuvers influencing North America. With a blend of humor and insight, they unpack Canada’s economic challenges, discuss how political strategies affect wealth management, and offer a straightforward look at the future economic terrain.

John and Alex discuss:

  • (00:01:18) The influence of U.S. politics on Canadian policy 
  • (00:02:14) Canada’s economic performance over the last decade 
  • (00:09:37) The proposed tax policies and their implications 
  • (00:19:49) The role of market competition in economic prosperity 
  • (00:34:18) Supply management systems and economic fairness 
  • And more!

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What Investors Need to Know About Today’s Trade and Market Climate – Part 1 (Ep. 42)

What Investors Need to Know About Today’s Trade and Market Climate – Part 1 (Ep. 42)

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Join hosts John and Alex Soutsos as they explore the unique dynamics of today’s financial landscape and share insights on navigating market volatility. In this episode, delve into the impact of U.S. trade policies, the notion of cyclical bear markets, and what a potential reset button for the economy might entail. 

Engage with the rich analysis offered by John and Alex, as they discuss:

  • The restructuring of the U.S. market under the new administration. (03:04) 
  • The implications of tariff negotiations and their role in global trade dynamics. (08:01) 
  • Identifying corrections versus bear markets and their historical context. (11:46)
  • Behavioral insights on consumer sentiment as a contrarian market indicator. (19:56) 
  • The stimulative impact of domestic investments and the reshoring of manufacturing. (24:46) 

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What BODES Well For Optimal Aging with Dr. Lynda Thompson – Part 2 (Ep. 41)

What BODES Well For Optimal Aging with Dr. Lynda Thompson – Part 2 (Ep. 41)

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What does it take to fuel both your body and your brain effectively? In this second installment with Dr. Lynda Thompson, John and Alex Soutsos dive into a riveting conversation about the essentials of diet, gut health, and the often underestimated power of protein. What changes can you make today for a healthier tomorrow?

Join hosts John and Alex as they explore nutrition essentials with Dr. Lynda Thompson, an expert in neurofeedback and biofeedback. Dr. Thompson offers insights on optimizing your daily protein intake, understanding the significance of your microbiome, and navigating the balance between prebiotics and probiotics. They also delve into natural ways to support brain health through diet, exercise, and lifestyle choices.

Dr. Lynda Thompson discusses:

  • (01:54) The importance of protein 
  • (14:44) The benefits of a healthy microbiome 
  • (31:42) How exercise affects mental and physical health 
  • (37:15) The crucial role of sleep in wellness
  • And more

Tune in for a conversation brimming with actionable tips designed to enhance your daily routines and cultivate a healthier lifestyle.

Resources:

Connect with Med-Wealth Financial Services: 

Connect with Dr. Lynda Thompson:

About Our Guest: 

Dr. Lynda Thompson, Ph.D., BCN, is a Registered Psychologist with experience in teaching, clinical psychology, school psychology and ownership of learning centres. She has been the Executive Director of The ADD Centre® since 1993. Her doctoral dissertation (1979) dealt with self-esteem in hyperactive children. Dr. Lynda Thompson is co-author with pediatrician William Sears of The ADD Book: New Understandings, New Approaches to Parenting Your Child, published by Little, Brown & Co. of New York.

Dr. Lynda Thompson has authored Setting Up For Clinical Success (with the Biograph Pro-Comp +/biograph) published by the Biofeedback Foundation of Europe.

She has also co-authored the basic textbook for this area of professional work; The Neurofeedback Book, An Introduction to Basic Concepts in Applied Psychophysiology, published by The Association for Applied Psychophysiology and Biofeedback.

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