Ep. 394 There Is Nothing to Fear About Deflation
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 5 May 2015
⏱️ 28 minutes
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Summary
If there's an economic phenomenon that terrifies all of official opinion, and even some free-market economists, it's deflation. Our guest, the author of a brand new book on the subject, strongly disagrees. Listen in!
Transcript
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| 0:00.0 | In a world of Democrats, there will be time for them to make profits. |
| 0:05.1 | Now is not that time. |
| 0:06.4 | And Republicans. |
| 0:07.9 | I've abandoned free market principles to save the free market system. |
| 0:12.2 | You need a voice of liberty. |
| 0:15.1 | Look no further. |
| 0:16.7 | You've found it. |
| 0:18.5 | Tom Woods. |
| 0:21.2 | Beware, citizen. |
| 0:23.0 | You are now departing from the world of allowable opinion. |
| 0:26.9 | The Tom Woods Show. |
| 0:33.7 | Welcome to the Tom Woods Show, episode 394. |
| 0:38.4 | Today we're talking about deflation. |
| 0:41.1 | This is the economic phenomenon that terrifies everybody, but it does not terrify our guest today. |
| 0:48.6 | Philip Bagas, who is the author of a brand new book called, Provatively enough, in defense of deflation. |
| 0:56.2 | Philip is a professor of economics at Universidad Ray Juan Carlos in Madrid. He is the author also |
| 1:02.8 | of the tragedy of the euro, and, along with David Howden, Deep Freeze, Iceland's Economic |
| 1:10.8 | Collapse. We'll have links to all this material |
| 1:13.1 | over at tomwoods.com slash 394, the show notes page for today. We'll also be linking to a previous |
| 1:19.4 | episode we did a long, long time ago on the subject of deflation. But if you look at Phillips' book, |
| 1:26.3 | it is such an unbelievably systematic and careful step-by-step treatment of the subject. |
| 1:33.3 | I don't think there's anything like it. I don't think anything like it has been done before. |
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