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The Tom Woods Show

Ep. 1307 The Economist Ron Paul Wants You to Know

The Tom Woods Show

Tom Woods

Politics, Economics, Libertarian, Government, News

4.83.3K Ratings

🗓️ 18 December 2018

⏱️ 71 minutes

🧾️ Download transcript

Summary

Ron Paul says he can't think of a more prolific free-market economist in the wake of the 2008 financial crisis than my guest today, Bob Murphy. Today we follow Bob's personal and intellectual trajectory, from a high school student who knew he wanted to be an economics professor, to one of the most accomplished and widely praised economists working in the tradition of the Austrian School today.

Guest's Podcast: The Bob Murphy Show

Show notes for Ep. 1307

Transcript

Click on a timestamp to play from that location

0:00.0

The Tom Woods Show, episode 13007.

0:03.1

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

0:07.7

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

0:13.9

Folks, when you're on social media defending the libertarian position on health care,

0:18.2

oh, you get called all kinds of fun names.

0:20.8

While I've got just the antidote,

0:22.7

my free e-book, Your Friends Are Wrong about health care. Check it out at your friends are wrong.com.

0:30.4

Everybody, Tom Woods here. We got Bob Murphy here with us today. Now, you have heard me, if you

0:35.0

listen to this show or any length of time, introduce Bob so many times in the course of your life that you could probably recite his credentials back to me.

0:43.4

Well, in this episode, we're going to be talking a little bit about some of those credentials, as a matter of fact, because it's going to be a, well, if not, this is your life, then something roughly approximating that with Bob.

0:53.9

And I want to quote something

0:55.5

Ron Paul says about Bob. He says, if there was a more prolific defender of the free market after the

1:02.5

2008 financial crisis than Bob Murphy, I don't know who it was. During those crucial months in which

1:09.3

so many erstwhile supporters of the market economy defected to the establishment,

1:14.2

Bob refused to allow the conventional wisdom, namely that the crisis showed capitalism and deregulation didn't work, to go unchallenged.

1:24.4

Day after day, he wrote articles and blog posts striking down common

1:27.5

fallacies and providing the libertarian world with the intellectual ammunition to respond to a

1:32.2

veritable avalanche of myth-making and error. Now, that right there, even before we get into Bob's

1:37.8

credentials, makes clear this is an important guy. And Bob, I'm going to tell you something. The other

1:43.2

day, I was on the phone with

1:44.8

somebody. I've known a semi-long time in the Ron Paul movement. And I just offhandedly said,

1:50.9

now, by the way, you know Bob Murphy? And I didn't mean literally, do you know Bob Murphy? I just assumed it.

...

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