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The Tom Woods Show

Ep. 1480 Trump, the Federal Reserve, and the Business Cycle

The Tom Woods Show

Tom Woods

Politics, Government, News

4.83.4K Ratings

🗓️ 29 August 2019

⏱️ 37 minutes

🧾️ Download transcript

Summary

Murray Sabrin, a professor of finance at Ramapo College, discusses the damage caused by the Federal Reserve, as well as the various approaches to business cycles taken by different economic schools of thought, and Trump's demands for lower interest rates.

Show notes for Ep. 1480

Transcript

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0:00.0

The Tom Woods Show, episode 1480.

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.

0:14.2

Hey, everybody, Bernie Sanders is running for president again, but so are many other Bernie Sanders wannabes.

0:20.1

Best way to respond to their terrible civilization destroying ideas

0:23.9

is through my free e-book, Bernie Sanders is Wrong.

0:27.7

Pick it up at Bernieiswrong.com.

0:31.0

Hey, everybody, Tom Woods here.

0:32.2

Very glad to be joined once again by our old friend Murray Sabren,

0:35.4

who is a professor of finance at the business school at Ramapo

0:38.9

College in New Jersey, and he's the author of the new book, Why the Federal Reserve Sucks.

0:44.6

Subtitle, it causes inflation, recession, bubbles, and enriches the 1%.

0:49.6

Now, the Fed is very much in the news these days, even if it weren't, I'd still have Murray on,

0:55.1

talking about his new book, let's face it.

0:56.8

But it's all the more relevant to what's going on in the world because of how outspoken

1:02.2

the president has been about Federal Reserve policy.

1:05.2

He's been impatient with the Fed for not being more accommodating.

1:08.2

So we're going to talk about that as well with Murray, but I want to

1:11.8

start by digging a bit into this book. Murray, welcome back. Well, thank you, Tom. It's always a

1:16.8

pleasure being with you, and congratulations on the incredible work you're doing with the podcast

1:22.0

and all the other initiatives you have. It shows that libertarians can be super entrepreneurial. That's very good of you to say,

1:29.1

Murray. Thank you. I appreciate your work very much as well. We've got an interestingly,

...

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