Ep. 2156 How the Fed Ruins Ordinary People
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 7 July 2022
⏱️ 28 minutes
🧾️ Download transcript
Summary
You may have heard about the Austrian School's free-market explanation of why the economy moves in a boom-bust cycle, but in this episode I walk you through it step by step. Conclusion: End the Fed!
Transcript
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| 0:00.0 | The Tom Wood Show, Episode 2156. |
| 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. |
| 0:14.5 | Folks, if you're like me when you criticize the Federal Reserve, |
| 0:17.1 | you get all these lackey-style responses. |
| 0:20.2 | Why the Fed has made the economy more stable? |
| 0:22.7 | You don't want to go back to the 19th century, do you? |
| 0:25.4 | All kinds of arguments like that. |
| 0:27.1 | Well, you can blow those and others out of the water |
| 0:30.2 | with my free ebook, Our Enemy the Fed. |
| 0:33.1 | Grab it at ouranemythefed.com. |
| 0:36.7 | Hey, everybody, Tom Woods here. |
| 0:38.2 | I am possibly a day late with this episode. |
| 0:41.6 | And that's because, oh my gosh, I can't believe I have to |
| 0:43.8 | tell you this old man's stuff here. |
| 0:45.8 | But I've actually had some pretty debilitating lower back pain. |
| 0:50.0 | And I think, oh, when you're a kid, |
| 0:52.0 | and you see people complaining about back pain, |
| 0:53.6 | you think that's when you know you're over the hill. |
| 0:55.2 | When you're complaining about back pain, you know, |
| 0:57.2 | when you're 20, you don't even think about that. |
... |
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