I've abandoned free market principles to save the free market system.

In a world of conventional confusion, there will be time for them to make profits.

Now's not that time.

Daddy, what do taxes pay for?

Oh, why everything?

Policemen, trees, sunshine.

And let's not forget the folks who just don't feel like working, God bless them.

Don't be afraid.

I'll be afraid of you, that.

Prepare to unshackle your mind.

An idea whose time has come cannot be stopped by any army or any government.

Your professor has arrived.

Tom Woods.

Beware, citizen, you are now departing from the world of allowable opinion.

The Tom Woods Show. And welcome everybody on this October 14th,

2013, talking Austrian economics today. You all know Austrian economics. Ron Paul made it cool. A lot of people

were laboring in that particular vineyard for many, many years, but now it's sort of

chic to belong to the Austrian School of Economic Thought. Of course, the Austrian School has

nothing to do with Austria, per se. Some of the early thinkers came from Austria, but today there are more people working

in the Austrian tradition of economic thought in the United States than in all of Austria,

that's for sure. But I'm going to be talking today in this program. I've got a segment for you

from a television program I did when I was in West Virginia giving a lecture. They snagged me for a

...