Ep. 1270 The Major Arguments for Money the State Can't Control
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 26 October 2018
⏱️ 47 minutes
🧾️ Download transcript
Summary
Here's where we libertarians are most often ridiculed -- why, the monetary system we favor is for cranks, they say, and what's more, it's already been tried! Uh huh. In this episode I make the case for money the state can't control.
Transcript
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| 0:00.0 | The Tom Woods Show, episode 1270. |
| 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 | Folks, more and more my listeners are ditching the traditional 9 to 5 and working on their own terms from their laptops. |
| 0:20.3 | There are many paths you can take to make |
| 0:22.1 | the internet work for you, and I've written an e-book on precisely the ones I've used for myself. |
| 0:27.8 | I'll show you how you can do the same thing. Download your free copy at paths to income.com. |
| 0:34.3 | Hi, everybody, Tom Woods here. Today I present to you a talk I delivered all the way back in 2009 when I was but a pup. It's all about sound money. That is to say, money that can't just be reproduced at will by government. And it really, I think the talk I used as an episode a couple of weeks ago was a little bit more on the technical side in that it was answering a lot of objections rather than laying out the positive case. |
| 1:05.8 | But this one really lays out the positive case. I think it does anticipate some objections, but it really |
| 1:10.8 | makes the positive case for why should we not want the kind of monetary system we have now, |
| 1:16.8 | and why should we prefer this alternative system? So I hope you enjoy this, and here we go. |
| 1:23.9 | Today I'm going to talk about sound money, but in particular, I'm going to sort of give |
| 1:31.6 | the talk that if I were a spectator, I would want someone to give. |
| 1:35.9 | That's the normal strategy I follow. |
| 1:37.9 | So I'm extremely narcissistic, as you notice. |
| 1:40.7 | Everything I say revolves entirely around me and things that I'm interested in. |
| 1:45.0 | But here, in particular, what I want to do is lay out as clearly as possible from the ground up |
| 1:52.0 | what the case is for the position that we hold on money. And I think this is useful to do, just to have it on the record. I think it's useful |
| 2:03.2 | because there are people who are coming to these ideas for the first time who might still |
| 2:07.3 | feel like they don't have the full 100% argument mastered. And I hope that what I have to say |
| 2:13.9 | will also be of some use, even to those of you who have been reading all the books |
| 2:18.8 | that Jeff mentioned there on the website. |
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