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In the real world, it is impossible to separate economic analysis from an understanding of the effects of state intervention in the marketplace. Government spending, borrowing, regulating, and bureaucratizing all distort and change the economics of our daily lives.

In this 60-minute talk, Thomas DiLorenzo discusses the effects of government intervention, and the role of democratic politics in leading to more intervention.

How Austrian economics is used to analyze the effects of government spending, borrowing, and bureaucratizing. Recorded at Mises University 2010.