Ep. 37 The Deflation "Threat"
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 12 November 2013
⏱️ 26 minutes
🧾️ Download transcript
Summary
Tom takes on the myth about the "threat" of falling prices.
Transcript
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| 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. |
| 0:16.5 | Daddy, what do taxes pay for? |
| 0:18.3 | 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 feel free to unshackle your mind. |
| 0:31.3 | An idea whose time has come cannot be stopped by any army or any government. |
| 0:36.9 | Your professor has arrived. |
| 0:41.1 | Tom Woods. |
| 0:47.4 | Beware, citizen, you are now departing from the world of allowable opinion. |
| 0:52.3 | The Tom Woods Show. Welcome, everybody. It is Tuesday, November 12, |
| 1:01.2 | 2013. Tom Woods here. I am out of town today. Coming back from my event at Miami University, |
| 1:09.5 | so I have prepared this for you in advance. Unbelievable |
| 1:13.8 | what technology makes possible. You can record things and then play them when you want to play |
| 1:19.3 | them. Now, let me tell you something, though. What I had originally planned to do was to make a podcast |
| 1:25.1 | episode in which I talk about deflation. |
| 1:28.5 | You hear this all the time on the Internet and the news and everywhere, |
| 1:32.7 | how terrible it would be if prices were generally falling. |
| 1:36.4 | This would be the worst possible outcome, we're told. |
... |
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