Ep. 518 Woods Speech: What Has Government Done to Our Money?
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 23 October 2015
⏱️ 51 minutes
🧾️ Download transcript
Summary
Here I start with the basics and conclude with the financial crisis. The origins of money, how money creation was taken over by government, why deflation isn't a problem, how even low inflation can devastate the average person, how central banking creates instability and moral hazard, and more. These are my remarks at Liberty Fest Houston 2015.
Transcript
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| 0:00.0 | The Tom Woods Show, episode 518. |
| 0:03.4 | Prepare to set fire to the index card of allowable opinion. |
| 0:07.9 | Your daily dose of liberty education starts here, the Tom Woods Show. |
| 0:13.7 | Friends, if you're planning to buy gold, make sure you don't get ripped off. |
| 0:17.5 | There are a lot of scams out there. |
| 0:18.9 | So, read Peter Schiff's report classic gold scams and how to avoid getting ripped off. There are a lot of scams out there. So read Peter Schiff's report classic gold |
| 0:21.8 | scams and how to avoid getting ripped off. You can read it for free through tomwoods.com |
| 0:28.0 | slash scams. Hi everybody, it's Tom Woods. We're talking about money today. Talking about the |
| 0:34.5 | general subject, what has government done to our money? The reason we're doing that, |
| 0:38.3 | of course, that's a title of a great Murray Rothbard book. But the reason I'm doing that is |
| 0:42.7 | what I'm going to do today is share with you a talk I delivered at Liberty Fest, Houston 2015, |
| 0:49.1 | sponsored by the Harris County Libertarian Party. And what they did was they had a series of talks on what has |
| 0:57.0 | government done to our, whether it was property, roads, water, agriculture, science, |
| 1:03.0 | constitution, schools, police, etc. And I was the luncheon speaker, and I talked about |
| 1:10.0 | what has government done to our money. And it's not just rehashing the Rothbard book, although I do go over the basic thesis of it, but it brings it up to date with a lot of more recent episodes in monetary history and what the government is up to when it's going after our money and why it wants to dominate the monetary system. |
| 1:27.9 | I think you'll get something out of it, even if you've read that little book by Rothbard. |
| 1:32.3 | So I'm going to start it right now, and I'm also going to include the question and answer session, |
| 1:38.0 | because that's a lot of fun. You definitely won't want to miss out on that. |
| 1:40.8 | But what I'm going to do for your convenience is I'm going to start the |
| 1:44.6 | talk about five minutes of the way in, because I began by doing what I have been doing at some of |
| 1:50.8 | my recent talks, giving away a free e-book by having people text a word to a certain number. So, for |
| 1:56.9 | instance, you can text the word Bernie, the name Bernie, to 33444, and get my |
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