The Tom Woods Show, episode 1378.

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

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

Folks, if you're like me, when you criticize the Federal Reserve, you get all these

lackey-style responses, why the Fed has made the economy more stable.

You don't want to go back to the 19th century, do you? All kinds of arguments like that.

Well, you can blow those and others out of the water with my free e-book, Our Enemy, the Fed.

Grab it at Our Enemy the Fed.com.

Hey, everybody, Tom Woods here.

We're talking about socialism today and getting our definitions right, socialism and capitalism.

These terms are thrown around all the time these days, and in particular, socialism has been a

source of confusion because who knows what anybody even means by the term anymore?

Does it have a meaning? So we're going to try to help people think more clearly today. And joining me for this episode is C.J. Engel, who is the founder and primary editor of Austro- Libertarian, a brand-new print and digital publication, which I highly recommend. You can take a look at it over at

Austrolibertarian.com, and he has written widely on these kinds of topics. C.J., welcome back.

Thanks, Tom. All right, let's get down to the bottom of this. Obviously, this needs to be done,

given that everybody's talking about socialism. And I was just in a Twitter,

I mean, not like a nasty Twitter fight or anything, but a real disagreement with somebody who was

at least civil, who somehow Eric July, I think, threw him over to me. That Eric July,

leave me out of it. You know, fight your own fight. But anyway, I was glad to jump in because the topic

was, was Hitler a socialist? And this guy saying, no, no, none of the experts say he was a socialist.

So then I wound up jumping in against my better judgment. And what happened there was it really

was just a question of how we were defining the term. Of course I understand Hitler did not favor

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