Robert Murphy, senior fellow at the Ludwig von Mises Institute and author of The Politically Incorrect Guide to Capitalism, discusses why hundreds of trillions in derivatives contracts are not as big a deal as they seem, the economic stalemate from competing deflationary and inflationary forces, a revisionist history of Paul Volcker’s term as Fed chairman, innovative entrepreneurs making the best of the Haitian disaster and why charity and libertarianism are not mutually exclusive.

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