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The Tom Woods Show

Ep. 2677 Austrian Economics in the Age of Donald Trump

The Tom Woods Show

Tom Woods

Politics, Economics, Libertarian, Government, News

4.83.3K Ratings

🗓️ 7 August 2025

⏱️ 41 minutes

🧾️ Download transcript

Summary

Nowadays we hear a lot from the right-wing that sounds like this: economics is a frivolous thing to be concerned about when we have matters of existential importance at stake, or economists care only about GDP, etc. In fact, the MAGA grassroots will find its goals more readily achieved if they actually listen to the (good) economists they've been told to despise.

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Show notes for Ep. 2677

Transcript

Click on a timestamp to play from that location

0:00.0

Get ready to take a flamethrower to the official narrative and learn what the elites don't want you to know.

0:08.8

You're listening to The Tom Woods Show.

0:18.6

Hey everybody, welcome to the Tom Wood Show, episode 2677.

0:22.6

What a crazy week I have going into this Ron Paul barbecue this weekend.

0:27.1

So what I want to do is share with you something that I'm kind of happy with, the message anyway,

0:33.0

and that is the opening talk I gave at this year's Meesa's University program at the Mezes Institute

0:38.2

in Auburn, Alabama. This is their week-long summer seminar for students that I myself attended as a

0:44.8

student all the way back in 1993, and now I'm on the other side of things helping to do some of the

0:50.3

lecturing. So I had been thinking for months that the right topic for this would be

0:55.9

Austrian economics in the age of MAGA. What role does it play? What role do we play at a time when a

1:03.4

lot of, let's say, right-wing opinion molders think economics is a dumb waste of time and we have

1:09.7

much more important fish to fry and why are you

1:12.3

poindexters focused on this and all the rest of it what role do we have if any and turns out

1:18.0

we actually have an important one and i hope at some point we can have a meeting of the minds and

1:23.1

reconcile over this but here goes i hope you enjoy I want to start up by saying a little something

1:29.1

about the Ron Paul movement before I get into our present moment. There were many things we could say

1:34.9

about the Ron Paul movement and the Ron Paul presidential campaigns, which virtually all of you

1:39.6

were too young to have been a part of. But I'm telling you something, it was really an extraordinary

1:43.7

thing to witness, to witness up close and live. But one distinguishing feature of that movement

1:49.8

was that it was very economics focused. Now, Dr. Paul had many things to say about a great

1:55.7

many topics, foreign policy chief among them. But Dr. Paul had favorite economists. He had favorite books that he

2:05.6

had read, that he recommended that other people read. And they did. I distinctly recall being here at the Mises

...

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