The Tom Woods Show, episode 1258.

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

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

Folks, how many times have your friends and coworkers lectured you for being such a naive libertarian when everybody knows deregulation caused

the financial crisis of 2008. You've got to be able to blow that out of the water, and you can

with my free e-book, The Deregulation Boogie Man. Check it out at regulation myths.com.

Hi, everybody. Tom Woods here. I was looking over the list of episodes the other day, and I was

trying to see when the last time was that I had much to say about money and sound money.

I've talked a lot about, not a lot, but a moderate amount, about cryptocurrency,

and I've talked a bit about the Fed here and there. But the general cause of sound money, as

opposed to fiat money, I don't think, has come up in a while. So, I actually dug up a talk I

gave that I'm pretty happy with, actually. And in this talk, I'm answering

some of the traditional arguments against sound money, that is to say, against money that

the government can't just print up at will. There are other arguments against it, and I will

address those in another episode, probably a week or two from now,

let's say, but this is good stuff. And I realize that these days, as opposed to 10 years ago,

when we were in the midst of the financial crisis, these issues don't seem quite as pressing

on us. But at the same time, they're perennial issues. They're issues that we need to understand and get right.

And it's also worth noting that this is the kind of issue that you're referred to as a crank for.

If you don't think the government should be able to just print up money at will, there's something wrong with you.

Because don't you know that all the experts say that it should be the government's right to print up money?

And don't you know that it worked

...