The Tom Woods Show, episode 1376.

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

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

Folks, there are a lot of people out there who will support you and will buy from you if you accept Bitcoin.

But if you've ever wanted to accept payment in Bitcoin

and we're afraid that it would just be too complicated to figure out and set up, well, I have the

solution, a free video series I've assembled that walks you through the process step by step

and makes it really easy. Check it out at tomwoods.com slash bitcoin. Hey everybody, Tom Woods here. We're going to be

talking about the Federal Reserve system a bit today, but not from a technical standpoint. I'm not

going to talk about the ins and outs of how it works or how it causes the business cycle or

anything like that. You can get some of that in my book

Meltdown from 10 years ago. Now, in paperback, by the way, I'll link to it at tomwoods.com

slash 1376. 10 weeks on the New York Times bestseller list, that book, on the financial crisis

and laying the blame at the feet of the Fed.

And remember, you can get the audiobook version for nothing.

If you have not yet joined Audible, go to tomwoodsaudio.com.

You can get that audiobook for free with an audible trial.

Then if you don't want to continue your trial, just quit and you can keep your free audiobook.

So might as well do it.

Anyway, what I want to talk about today is inspired by a paper written by Mark Thornton,

who's a senior fellow of the Meesa Institute.

He wrote an article called Transparency or Deception, what the Fed was saying in 2007.

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