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Robert Murphy, scholar at the Mises Institute and author of The Politically Incorrect Guide to the Great Depression and the New Deal, discusses the large amount of government spending relative to GNP, calls for dictatorial government power in the face of epic incompetence, the disagreement on whether the Fed’s increased money supply will cause price inflation and how Bernanke’s actions (assuming good intentions) can’t be adequately explained by any major economic discipline.

Podcast: Play in new window | Download (Duration: 29:35 — 6.8MB)