Ep. 213 What Causes Banking Crises?

The Tom Woods Show

Tom Woods

Politics, Government, News

4.8 • 3.4K Ratings

🗓️ 4 August 2014

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Charles Calomiris, a professor at Columbia Business School, joins Tom to discuss his new book Fragile by Design: The Political Origins of Banking Crises and Scarce Credit.

Transcript

Click on a timestamp to play from that location

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	And 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.
0:42.3	No, 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 Monday, August
0:58.0	4th, 2014. Just got back yesterday from my very, very enjoyable weekend in Arlington, Virginia,
1:05.7	speaking at the Young Americans for Liberty National Convention. I'll tell you a little bit more about
1:10.4	that after my conversation
1:13.0	with Charles Calamiris. You are really going to enjoy this, my friends. I remember, oh, I don't know
1:18.6	how many years ago it was, but I had an interview with him on my iPod on a podcast that you also may
1:25.3	like, Econ Talk, hosted by Russ Roberts.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Tom Woods, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Tom Woods and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.