Lew Rockwell, founder and Chairman of the Ludwig von Mises Institute, discusses how central banks print fiat money to pay for world wars that would otherwise be impossible to finance, the enormous resources at the U.S. government’s disposal to delay an economic reckoning, why WalMart is a net gain to society, the division between those who live off the state and those who support it (albeit unwillingly) and why more super-rich dynastic families are needed to compete for power with the state.
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