I've abandoned free market principles to save the free market system.

In a world of conventional confusion, there will be time for them to make profits.

Now's not that time.

Daddy, what do taxes pay for?

Oh, why everything?

Policemen, trees, sunshine.

And let's not forget the folks who just don't feel like working, God bless them.

Don't be afraid.

I'll feel free to unshackle your mind.

An idea whose time has come cannot be stopped by any army or any government.

Your professor has arrived.

Tom Woods.

Beware, citizen, you are now departing from the world of allowable opinion.

The Tom Woods Show. Welcome, everybody. It is Wednesday, November 13,

2013. Tom Woods here with Bob Murphy, Robert P. Murphy, one of your favorite economists, no

doubt, and he is here by popular demand to take on a subject that you may have

heard brought up in the media, certain sectors of the media, you may see circulated on Facebook,

and a lot of people want to know how do we answer it, and that is something called

modern monetary theory, or MMT. And Bob is here to talk to us about it at a level that the layman

can follow and that I hope will help you guys understand this better and know what kind of

response you ought to give when you're confronted with so-called modern monetary theory.

Now, you know Bob Murphy, he's a great guy. He holds a PhD in economics from New York University.

...