Scott Horton 2012.09.17

First interview Adam Morrow

IPS News journalist Adam Morrow discusses the protests in Egypt against the movie Innocence of Muslims; rumors that US-based Coptic Christians produced the movie to foment religious strife; the Muslim Brotherhood’s extremely cautious approach to politics and current events; the difference between the minority of radical Salafist protesters (the ones singled out by Western media) and Egypt’s comparatively moderate population and government; why Muslims around the world are so sensitive to blatant incendiary propaganda; and why so many Americans just adore Barack Obama despite his terrible presidency. (Duration: 27:15 — 6.2MB)


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Second interview Bob Murphy

Robert P. Murphy, author of The Politically Incorrect Guide to Capitalism, discusses the Federal Reserve’s Quantitative Easing program; why the Fed has just decided to buy mortgage-backed securities at a 40 billion/month clip; how businesses are disguising the increased costs they must pass on to customers; Ben Bernanke’s devoted service to the big banks; how interest-earning excess reserves are keeping bankrupt banks afloat and discouraging private lending; the argument that defense spending cuts hurt the economy; and why Americans increasingly depend on government services and jobs for their survival. (Duration: 35:06 — 8.0MB)

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