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The Tom Woods Show

Ep. 477 Hans Hoppe on How and Why the State Controls Money and Banking

The Tom Woods Show

Tom Woods

News, Politics, Government

4.83.4K Ratings

🗓️ 27 August 2015

⏱️ 34 minutes

🧾️ Download transcript

Summary

Tom discusses the work of Hans-Hermann Hoppe (who doesn't really do audio interviews anymore, by the way)

Transcript

Click on a timestamp to play from that location

0:00.0

The Tom Woods Show, episode 477.

0:03.6

Prepare to set fire to the index card of allowable opinion.

0:08.5

Your daily dose of liberty education starts here, the Tom Woods Show.

0:14.1

Hey, everybody, you know what I love?

0:15.6

Getting paid for things I'm going to do anyway.

0:18.7

So I just joined Ebates because I get cash back for purchases I'm going to do anyway. So I just joined eBates because I get cash back for purchases

0:22.8

I'm going to make anyway. Sign up through tomwoods.com slash ebates and get a free $10 gift card.

0:30.4

Hey everybody, Tom Woods here. I am doing the episode all by myself. Today I get a lot of requests

0:35.2

for this. Do an episode by yourself. To heck with a guest.

0:38.6

So do, do, here I am doing it. And what I thought I do today is introduce you to the thought

0:44.0

of one of the people who has done so much to advance my own understanding of the world and to get me

0:51.1

to where I am now in terms of my own thinking. And that is Hans Herman Hoppa. H-O-P-P-E is the last name.

0:59.9

And for a great many of you listening, you'll say, ah, Hans Hoppa, he's a great guy. And others of you will

1:05.5

say, I have no idea who that guy is. Well, both of you are in for a treat today because I bet even the ones of

1:11.7

you who are familiar with Hans may not know about the particular work I'm going to discuss with

1:16.5

you today. It's a great example of Hans's work because what I'm going to share with you is a piece

1:22.5

in which he starts off with barter, with just people exchanging one good directly for another good without

1:30.0

the intermediary of money. And then step by step, he takes you through why we would expect

1:37.0

the state to pervert the monetary order that exists spontaneously in the natural order

1:43.9

of the free market.

1:45.3

And what we would expect the state, just logically, to replace it with, and the steps we

1:51.5

would expect the state to take in replacing it in that way.

...

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