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David R. Henderson, research fellow with the Hoover Institution and author of “The Wartime Economist” for Antiwar.com, discusses his article “The Libertarian Case against the War in Afghanistan,” the efficacy of using ethical reasoning in foreign policy arguments, the inconsistent U.S. extradition policies regarding Luis Posada Carriles and Osama bin Laden, the exaggerations of systemic risk used to justify bailouts, the limited short-term risk of inflation and why a fractional reserve banking system could continue to exist without a central bank.

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