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Lew Rockwell, founder and Chairman of the Ludwig von Mises Institute, discusses how central banks print fiat money to pay for world wars that would otherwise be impossible to finance, the enormous resources at the U.S. government’s disposal to delay an economic reckoning, why WalMart is a net gain to society, the division between those who live off the state and those who support it (albeit unwillingly) and why more super-rich dynastic families are needed to compete for power with the state.

MP3 here. (43:20)

Lew Rockwell is the founder and Chairman of the Ludwig von Mises Institute in Auburn, Alabama, Vice President of the Center for Libertarian Studies in Burlingame, California, and publisher of the political Web site LewRockwell.com. He is the author of The Left, The Right and The State and served as Ron Paul’s congressional chief of staff between 1978 and 1982. Check out his podcast show here.

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Robert Naiman, Policy Director at Just Foreign Policy, discusses Obama’s commendable follow-through on reducing troop levels in Iraq and (at least rhetorically) standing by the 2011 withdrawal date, the huge increase in troop numbers and casualties in Afghanistan since the Bush administration, the end of finite wars as U.S. foreign policy remains on a permanent war footing and the much-exaggerated death of the antiwar movement.

MP3 here. (18:37)

Robert Naiman is Policy Director at Just Foreign Policy. Mr. Naiman edits the Just Foreign Policy daily news summary and writes on U.S. foreign policy at Huffington Post. He is president of the board of Truthout. Naiman has worked as a policy analyst and researcher at the Center for Economic and Policy Research and Public Citizen’s Global Trade Watch. He has masters degrees in economics and mathematics from the University of Illinois and has studied and worked in the Middle East.