Tom Woods steps in for Der SchiffMeister, on the Peter Schiff Radio Show, and interviews Bob Higgs, the splendid author of Crisis and Leviathan.

They walk through various malodorous poppy fields of Krugman-blended distortion, replanting them with seeds of truth instead.

They concentrate particularly on the history of U.S. government economic interventions during the Great Depression and World War II and how the lessons learned from that historical débâcle can be applied today, where a government tried to solve a credit boom correction by extending the necessary bust for over a decade by breaking the natural free market price system:

[audio https://radiofreemarket.files.wordpress.com/2012/06/tom-woods-interviews-robert-higgs.mp3]
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