The Tom Wood Show, Episode 2153.

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

Your daily dose of liberty education starts here.

The Tom Wood Show.

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Hi everybody, Tom Woods here. I want to resume my coverage of the Federal Reserve System today,

which I interrupted with the episode about the terrible tragedy with Greta Goliier.

Tomorrow on the program, I'm going to be talking to Kevin Goodsman and Brian McLean, a hand,

couple of great US historians about what's been going on in the courts.

Of course, the Roe vs Wade issue and the overturning of it, the gun case.

We're going to talk about these things, do an episode on them.

So that's coming up.

But I want to dive back into this episode.

And even if you missed the previous one, it doesn't matter because all these episodes are completely self-contained.

And I want to start off this episode exactly where I left off last time.

Because last time I ended by talking about some of the arguments that are made in favor of the Fed,

now of course, some of the arguments are ones that we covered in the episode 2151,

which namely are things like they've smoothed out the business cycle.

...