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.

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

Don't be afraid.

I'm going to unshackle your mind.

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

Your professor has arrived.

Tom Woods.

Well, his mind is not for rent to any government.

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

The Tom Woods Show. Welcome, everybody. It's Friday, July 11,

2014. We've got two topics today. The Export Import Bank. What is this thing? I'm sure you

already know we don't need it, even if you don't know what it is. We obviously don't need it.

But let's talk about what it is and why we don't need it. What are the fallacies embedded in it?

And then I want to say a little something about the general question of austerity.

We hear over and over again, it has been tried and it has failed. Well, has it been tried? Well, it depends on what

you mean by austerity. Joining us to talk about these issues is Veronique de Ruggie, who is a senior

research fellow at the Mercatus Center at George Mason University. She's a monthly columnist for

...