I've abandoned free market principles to save the free market system.

In a world of conventional confusion, there will be time for them to make profits.

Now's not that time.

Daddy, what do taxes pay for?

Oh, why everything?

Policemen, trees, sunshine.

And let's not forget the folks who just don't feel like working, God bless them.

Don't be afraid, don't be afraid of you, dad.

Prepare to unshackle your mind.

An idea whose time has come cannot be stopped by any army or any government.

Your professor has arrived.

Tom Woods.

Beware, citizen, you are now departing from the world of allowable opinion.

The Tom Woods Show. Welcome, everybody. It's Thursday, March 6th,

2014. Talking to Robert Blumen today, who is a software engineer by day and Austrian economist

by night. What an archive of articles he has over at meez.org, and we'll link you there in the show notes to

this episode over at tom woods radio.com. We're going to talk today about Robert's article

Say's Law and the permanent recession. Here's some good basic economics for you guys, and I hope you

enjoy it. Robert, thanks for being with me today.

I'm so pleased to be here, Tom.

All right, and I think it's important for people to understand this stuff, especially because the average economist today

I think thinks Say's law was refuted by Keynes, and so we have nothing more to learn from it. It was a primitive way of

...