4.8 • 3.3K Ratings
🗓️ 19 February 2019
⏱️ 31 minutes
🧾️ Download transcript
When you read old -- and I mean old, like nineteenth century old -- American writers on money and banking, something jumps out at you: they understood things with a surprising clarity, and had a proto-Austrian conception of why the economy experienced boom-bust cycles. Suddenly it feels less lonely to believe that artificial credit creation leads to a boom that has to end in a bust. In this episode, therefore, I share some unknown American intellectual history.
Show notes for Ep. 1344
Click on a timestamp to play from that location
0:00.0 | The Tom Woods Show, episode 1344. |
0:03.5 | Prepare to set fire to the index card of allowable opinion. |
0:08.1 | Your daily dose of liberty education starts here, the Tom Woods Show. |
0:14.6 | Folks, if you're like me, when you criticize the Federal Reserve, you get all these |
0:18.1 | lackey-style responses, why the Fed has made the economy more stable. |
0:22.8 | You don't want to go back to the 19th century, do you? All kinds of arguments like that. |
0:26.9 | Well, you can blow those and others out of the water with my free e-book, Our Enemy, the Fed. |
0:33.1 | Grab it at Our Enemy the Fed.com. |
0:36.6 | Hi, everybody. Tom Woods here. |
0:38.0 | I am taking so-called President's Day off, more or less, and spending it with the kiddos. |
0:44.0 | So in this episode, you are going to hear a talk I gave. |
0:48.2 | Can you believe this all the way back in 2008? |
0:51.4 | And in that talk, you can hear me refer to a book I'm working on, which becomes meltdown. |
0:58.2 | So this is a long time ago. And in this talk, I dig out some important people from the 19th century who had important things to say about money and banking in the United States. And what's so amazing about |
1:12.1 | them is that they sound like proto-Austrians. And these were people writing for the general |
1:16.9 | public. And it was just obvious to them that certainly the ups and downs of the economy had a |
1:22.7 | monetary cause. And they were able to pinpoint it. It's very, very interesting material. And as I say, |
1:29.5 | these are not just obscure people I pulled out of nowhere. These were major, major thinkers who |
1:35.3 | wrote either major treatises on the subject or they were journalists who reached a broad audience, |
1:42.2 | but very interesting material. And on the show notes page, I'm linking |
1:45.9 | to all the works that I refer to in this talk. So that's tomwoods.com slash 1344. So that's what I have |
1:53.6 | to say to you by way of introduction. And now here we go. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Tom Woods, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Tom Woods and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.