Ep. 199 The Fed and the Taper

The Tom Woods Show

Tom Woods

Politics, Government, News

4.8 • 3.4K Ratings

🗓️ 15 July 2014

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bob Murphy joins Tom to discuss a recent Fed announcement, and the problems the Fed has created for itself since the financial crisis.

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?
0:18.3	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'll be afraid.
0:28.2	Prepare 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.
0:42.5	No, his mind is not for rent to any government.
0:47.1	Beware, citizen, you are now departing from the world of allowable opinion.
0:51.9	The Tom Woods Show. Welcome, everybody. It's Tuesday, July 15th, 2014.
1:01.6	We're talking about the Fed today and its recent announcement regarding the taper and what this all means.
1:10.5	Is it going to be an easy thing for the Fed to wind down
1:14.2	what it's been doing? It's one thing to wind down QE, but then it's got to also wind down
1:20.2	all these purchases that it's made. It's got to not just wind down how many additional purchases
1:24.7	it makes, but it's got to get rid of a lot of what's on its
1:28.8	balance sheet. What are the consequences of that? A lot of things to talk about today with Bob Murphy.
	...

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