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Robert Higgs, senior fellow at the Independent Institute, discusses the tiresome rants of gloom and doom survivalists, why those who long for a government or economic collapse should be careful what they wish for, why federal spending can’t continue at the current level without a bond market revolt, the none-too-encouraging result of the Soviet Union’s collapse and why the US empire may face gradual cutbacks instead of outright abolition.

Podcast: Play in new window | Download (Duration: 28:55 — 6.6MB)