may arguably be making war easier and more prevalent we'll hear from lou rockwell of the ludwig von mises institute and we keep hearing about the middle class from the two main contenders for u.s. president. that's how we built the world's greatest middle class this is about bringing good jobs back for the middle class of america. in these candidates these candidates talk about supporting the middle class in terms of tax cuts loopholes regulation but they leave out the money in the middle classes pockets pockets that are being picked every second of every day what happens to the middle class if you don't address this aspect will discuss and it is the twenty five year anniversary of black monday it is also the one year anniversary of this show's launch. thank you fake applause would respond to your birthday wishes and more and your feedback let's get to today's capital account. this coming monday barack obama and mitt romney are scheduled to face off in a foreign policy debate and we pretty much guarantee in fact i'm willing to bet any amount of money that when the subject of u.s. wars comes up you

you are not likely to hear about any of this at all but luke rockwell president of the ludwig von mises institute recently gave a speech on this topic so he's here now to discuss it with us so first lou rockwell thanks so much for being on the show it's always so great to have you on loren thank you and happy first anniversary thank you so very much thank you for being a great fantastic guest and supporter over the last year i appreciate it so let's get to the federal reserve and war you know we often hear from these candidates and in the debates or anywhere you hear from politicians that the u.s. put two wars on a credit card and this doesn't even acknowledge libya or the warmongering over iran so maybe four wars syria i mean none of this is even included but what is rarely mentioned in the in the credit card analogy is who is issuing that credit card and enabling this war and you argue that the federal reserve is the issuer and the enabler so care to explain how. and it's not you and it's not quite a credit card that would be the pora wing that they might do because we with a credit card you ha

added our of blue rockwell a dot com as well as writer and founder of the ludwig von mises institute thank you so much for your time thank you. now we are closely following developments as they unfold and we'll update you in a few minutes of more of the details from our washington correspondent you can. meanwhile iraq's prime minister who is in moscow speaks out against a potential nato intervention in syria under the guise of protecting the reach of a report on that is coming up. in moscow appeals court has free to one of the jailed members of the notorious pussy riot punk band. but up held the two year sentence for the two others the three women were convicted in august of hooliganism motivated by religious hatred for performing a song packed with obscenity at russia's main orthodox cathedral artie's polly boy has the details outside the court. what are the bands members you could see in the summit say that she walked free from more scary city court here she was released on probation throughout the trial and throughout the appeal the women have maintained that they didn't mean to o

. >> what is the ludwig von mises institute? >> i've worked for them for many years and it's a non-profit organization located in alabama and defender of liberty and economists whose agreed and a socialist antifascist scientist that publish both of the books and took the risk from both of them. and very pleased and i have another book coming out in six weeks it's called no more gatekeepers in the digital age you can imagine what that is about. >> are you selling more hard copy books or online? >> far more at this point and it's great pity it saves the trees. i myself am a big -- the first 1i picked up i thought my goodness this is spectacular. this is a real commodity, this is a real thing to be this the future. so i fell in love with them. we make everything in ebook now. some people still want printed books and as you can see we have physical books and some people still love them. it's been to be this way for a long time. you have to do big things and audio books, too to be all things to all people these days. >> so is a book