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Robert P. Murphy, scholar at the Mises Institute and author of The Politically Incorrect Guide to the Great Depression and the New Deal, discusses the 2008 bank bailout, interest paid on FED deposits provides disincentive for bank lending, the danger of massive unemployment and inflation, why the Fed’s boom-bust cycles keep getting worse and why Cap-n-Trade is a bunch of crap.

Podcast: Play in new window | Download (Duration: 34:17 — 7.8MB)