Ep. 2307 The Real Story of Bank Regulation
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 31 March 2023
⏱️ 30 minutes
🧾️ Download transcript
Summary
Kevin Johnston has actually had to deal with bank regulation and regulators and thinks everyone has an extremely naive view of both. We get into the weeds in today's episode.
Transcript
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| 0:00.0 | The Tom Wood Show Episode 2307. |
| 0:03.2 | Prepare to set fire to the index card of allowable opinion. |
| 0:07.7 | Your daily dose of liberty education starts here. |
| 0:11.2 | The Tom Wood Show. |
| 0:30.0 | With my free ebook, Our Enemy, The Fed. |
| 0:32.9 | Grab it at ouranemythefed.com. |
| 0:36.5 | Everybody, Tom Woods here. |
| 0:37.8 | I am talking about a topic we covered a bit |
| 0:41.4 | in the relatively recent past, |
| 0:43.2 | but there's so much more to say about it. |
| 0:45.4 | And it's important to get a grasp of this material |
| 0:48.9 | because this kind of issue is not going away. |
| 0:52.2 | And every time it comes up, there are people |
| 0:55.1 | who have their own agenda who want to exploit it. |
| 0:57.3 | And of course, I'm talking about bank failures, |
| 1:00.2 | specifically the Silicon Valley bank, but not limited to that. |
| 1:04.0 | And I want to spend a little time here |
| 1:06.3 | and probably a good bulk of the time, |
| 1:08.2 | talking about the reality of the regulatory apparatus |
| 1:12.0 | under which these various institutions operate. |
| 1:15.0 | Because most people calling for, quote, more regulation |
| 1:18.5 | don't know a single thing about it. |
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