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Robert P. Murphy, author of The Politically Incorrect Guide to Capitalism, discusses his article “The Economics of War;” how open markets and free trade make expansionist states and war unnecessary; a cost/benefit analysis of empire and “war for oil;” and the $15 trillion US debt (a trillion here, a trillion there, and soon you’re talking real money).

Podcast: Play in new window | Download (Duration: 22:48 — 5.2MB)