Lew Rockwell, founder and Chairman of the Ludwig von Mises Institute, discusses his “War and Inflation“speech at a 2008 Future of Freedom Foundation conference;” how central banking allows governments to fund wars and empire through money printing instead of direct taxation, keeping a lid on internal dissent; why deflation is a normal and desirable condition of productive economies; and why Keynesianism is best summarized as the economics of state power.
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