Robert P. Murphy, author of The Politically Incorrect Guide to Capitalism, discusses his article “The Economics of War;” how open markets and free trade make expansionist states and war unnecessary; a cost/benefit analysis of empire and “war for oil;” and the $15 trillion US debt (a trillion here, a trillion there, and soon you’re talking real money).
MP3 here. (22:47)
Robert P. Murphy is an adjunct scholar of the Mises Institute, where he teaches at the Mises Academy. He runs the blog Free Advice and is the author of The Politically Incorrect Guide to Capitalism, The Politically Incorrect Guide to the Great Depression and the New Deal, and his newest book, Lessons for the Young Economist.