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The Tom Woods Show

Ep. 1762 No, Consumer Spending Isn't What Drives the Economy

The Tom Woods Show

Tom Woods

Politics, Economics, Libertarian, Government, News

4.83.3K Ratings

🗓️ 27 October 2020

⏱️ 36 minutes

🧾️ Download transcript

Summary

Investor and FreedomFest creator Mark Skousen joins me to discuss the economy, and particularly the common error of thinking that "consumer spending" drives the economy.

Transcript

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0:00.0

The Tom Wood Show, episode 1762.

0:03.4

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

0:07.9

Your daily dose of liberty education starts here.

0:11.5

The Tom Wood Show.

0:13.4

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

0:18.5

style responses.

0:20.3

Why the Fed has made the economy more stable?

0:22.8

You don't want to go back to the 19th century, do you?

0:25.6

All kinds of arguments like that.

0:27.1

Well, you can blow those and others out of the water with my free ebook, Our Enemy,

0:32.2

the Fed.

0:33.2

Grab it at ouranemythefed.com.

0:35.7

Hi, everybody, Tom Woods here.

0:38.4

Before I bring on our guest for today, I want to mention something that the kind of person

0:42.8

who would listen to this episode might be interested in, and I thought you might want

0:47.8

to know about it.

0:49.0

Last year, I promoted a really, really successful documentary miniseries that's now been

0:54.1

updated for 2020.

0:55.9

It's called Money Revealed.

0:57.8

And it features several well-known, very successful libertarians like John Mackie.

1:03.3

I would think most listeners of this podcast would be familiar with John Mackie, the CEO

1:07.1

of Whole Foods.

...

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