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Friday, September 3, 2010

Lew Rockwell on Antiwar Radio 9/1/10

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.

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Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.