David R. Henderson, research fellow with the Hoover Institution, discusses the love-fest between Congressional Democrats and President Obama, the benefit of empire for a select few and the net loss for everyone else, the common misconceptions on what caused and worsened the 1973 oil crisis and the difficulty of communicating with people whose ideas and arguments are wrapped in insulating layers of emotion and patriotism.
MP3 here. (37:08)
David R. Henderson is a research fellow with the Hoover Institution and an associate professor of economics in the Graduate School of Business and Public Policy at the Naval Postgraduate School. He writes a regular column, “The Wartime Economist”, for Antiwar.com and is the author of The Joy of Freedom: An Economist’s Odyssey. His latest book is The Concise Encyclopedia of Economics.