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While bankruptcy has a negative connotation in the business world, “Bankruptcy fulfills the crucially important social function of preserving the available stock of capital." Original Article: "Preserving Capital through Bankruptcy" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by

  After the Apocalypse: America’s Role in a World TransformedBy Andrew BacevichMetropolitan Books, 2021Xiv + 206 pages Andrew Bacevich, a history professor at Boston University for twenty-three years, has written an excellent book on American foreign policy, but it is embedded within