Ep. 159 Piketty's Problems
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 16 May 2014
⏱️ 43 minutes
🧾️ Download transcript
Summary
Bob Murphy discusses the problems with Thomas PIketty's fashionable new book, Capital in the Twenty-First Century.
Transcript
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| 0:00.0 | I've abandoned free market principles to save the free market system. |
| 0:09.9 | In a world of conventional confusion, there will be time for them to make profits. |
| 0:14.9 | Now's not that time. |
| 0:16.4 | Daddy, what do taxes pay for? |
| 0:18.2 | Oh, why everything? |
| 0:19.7 | Policemen, trees, sunshine. |
| 0:21.9 | Let's not forget the folks who just don't feel like working, God bless them. |
| 0:25.9 | Don't be afraid. |
| 0:26.7 | I'm going to unshackle your mind. |
| 0:31.2 | An idea who his time has come cannot be stopped by any army or any government. |
| 0:36.9 | Your professor has arrived. |
| 0:41.0 | Tom Woods. |
| 0:42.3 | Well, his mind is not for rent to any government. |
| 0:46.9 | Beware, citizen, you are now departing from the world of allowable opinion. |
| 0:52.3 | The Tom Woods Show. Welcome, everybody. It's Friday, May 16th, |
| 0:59.0 | 2014. And by popular demand, we're taking on this book by Thomas Piccate, capital in the |
| 1:06.6 | 21st century, that has swept the boards among people on the left, among redistributionists, |
| 1:14.3 | people of that sort, and we want to see, does the thesis actually hold up? And who better to join |
| 1:22.7 | us to talk about this than economist Bob Murphy. Robert P. Murphy is the author of numerous books, |
| 1:30.8 | including the politically incorrect guide to capitalism, the politically incorrect guide to the |
| 1:35.0 | Great Depression and the New Deal, a textbook you can get online for free, lessons for the |
| 1:39.8 | young economist. A small book chaos theory, we still have to have him back on to finish talking about that. |
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