The Tom Woods Show, episode 1180.

Prepare to set fire to the index card of allowable opinion.

Your daily dose of liberty education starts here, the Tom Woods Show.

Folks, if you enjoy reading my takedowns of the college crazies, I've got a whole collection of them for you.

It's in my free e-book, Sane Space, Libertarian Dispatches from Bizarro America.

Check it out at sainspacebook.com. Hi, everybody. Tom Woods here. Very glad to be joined once again

by Gito Holtzman, who is a professor of economics at the University of Angé in France.

He is widely published in terms of academic articles and articles for a popular audience.

He is known probably most for his book Mises, the last night of liberalism, because it's such an extraordinary biography of Libbyn-Miss's,

and it's not just the details of his breakfast habits and things like that, but it really

explores the intellectual significance. It's an intellectual history, to my mind, of Meese's

various contributions. It situates those contributions in the context of debates happening at the time, and you emerge with a much, much deeper understanding of economics, the history of economic thought, and of Mesa's role in all this. So that's a great, great contribution. But what we're going to be talking about today is a book that has been unjustly eclipsed by that one, and that is the ethics of money production. And in particular, that book has a chapter on the cultural consequences of fiat money inflation. So I want to talk about that today. What are the consequences for society? I mean, the consequences for government,

certainly, but also just for the way society functions and the expectations that get built in

that inform people's decision-making, let's say. These are some of the aspects of the question

that tend to be neglected, and Gito treats them in a way

that's very systematic and very convincing. So I'm very glad to welcome him back. Gito, welcome

back to the show. Thank you, Tom. It's wonderful to be again on your show. Your biography of

Mises is a tremendous achievement. Yet, I fear it means that people will know less about your work, the ethics of money

production than they otherwise would, because they have this huge tome they can read, but they're

overlooking such a great work of yours, so important that has helped me to understand

both money and monetary policy, but also the ethical

questions involved, better than anything I've ever read. I can say that without fear of

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