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The Tom Woods Show

Ep. 1240 Forgotten Lessons from U.S. Economic History

The Tom Woods Show

Tom Woods

Politics, Government, News

4.83.4K Ratings

🗓️ 14 September 2018

⏱️ 27 minutes

🧾️ Download transcript

Summary

In this episode I discuss earlier recessions and depressions in U.S. history, and what lessons we might draw from them. Hint: these are not the lessons that were drummed into our impressionable heads as students.

Show notes for Ep. 1240

Transcript

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0:00.0

The Tom Woods Show, episode 1240.

0:03.2

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

0:07.8

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

0:14.3

Hey, everybody, don't forget, my friend Bob Murphy has an amazing new book where he takes

0:18.2

all his critiques of Paul Krugman from over the years, all these

0:22.1

devastating smashes, and organizes them in one volume according to topic. And these are topics

0:27.9

you want a master. And Bob will help make you the master of the universe. Check it out at

0:33.3

contra Krugmanbook.com. And I am the narrator of the audiobook version, and you can get that for

0:40.3

free when you check out the audible offer at tom woods audio.com. Hi, everybody, Tom Woods here. I woke up

0:47.6

this morning, and I had an idea for, well, I guess before I went to bed, I had an idea for an episode

0:53.1

I would do by myself this morning, and then I woke up and I said to myself, I had an idea for an episode I would do by myself this morning.

0:55.2

And then I woke up and I said to myself, I hate this topic. This is the last thing in the world I want to talk about.

1:00.6

So I thought, well, that kind of leaves me a little bit in the large here. So on the other hand, I realized, well, hold on a minute.

1:07.4

I have something I've never shared that just a small handful of people ever heard.

1:12.8

But given that September 15th and September in general, we're really marking the 10th anniversary of the financial crisis from 2008,

1:23.1

well, maybe it might be worth playing this interview I did back in 2012 with, I think it's called

1:29.4

Wall Street for Main Street podcast. Yeah, that is what it's called. And in this episode,

1:35.8

I mean, we do talk a little bit current events, but it's mostly drawing lessons, perhaps,

1:41.8

or making historical corrections, corrections of the historical record from American

1:46.2

history. And I'm not sure I've covered this particular material all that much on this podcast. So

1:53.2

here we go. I think you'll probably like this one. And it's not too long. So it just checks all

1:59.2

the boxes. I've been doing longer episodes lately. And I think it's getting a little clumsy and too long, so it just checks all the boxes. I've been doing longer episodes lately, and I think

...

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