Lew Rockwell discusses his recent talk at the Future of Freedom Foundation conference about modern wars’ dependence on inflation by the Federal Reserve, how the Fed fueled WWI to help the Morgan empire, why governments prefer to debase a currency rather than tax or borrow, how the Fed not only inflates the currency but redistributes wealth from the poor to the politically-connected rich, creates the booms and busts of the business cycle, and makes the warfare state possible, the government’s corruption of language to hide it’s crimes, importance of Austrian economic thought and how all acts committed by the state would be crimes if carried out by regular citizens.
MP3 here. (44:04)
Lew Rockwell is the founder and President 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 served as Ron Paul’s congressional chief of staff between 1978 and 1982.