This week, Bob talks with Dr. Patrick Newman about his new book, Cronyism: Rise of the Corporatist State, 1849–1929, which reviews how big business built the regulatory state, the Fed, and cartels like the AMA, all justified in the name of the "public interest."

Related:

• Cronyism: Rise of the Corporatist State, 1849–1929: Mises.org/HAP562a
• Bob on the Speaker Panel, Why Is the Healthcare System Broken?: Mises.org/HAP562b