Ep. 561 Capitalism: Not Guilty of Creating the Housing Bubble
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 24 December 2015
⏱️ 35 minutes
🧾️ Download transcript
Summary
Since 2008, the Left has mocked the idea that the government might have had a hand in the housing bubble and collapse and the financial crisis, which are portrayed as spontaneous outcomes of a market economy. This thesis is blasted to smithereens in this discussion with Peter J. Wallison.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The Tom Woods Show, episode 561. |
| 0:03.5 | Prepare to set fire to the index card of allowable opinion. |
| 0:08.1 | Your daily dose of Liberty Education starts here, the Tom Woods Show. |
| 0:14.5 | Hey, everybody, a whole lot of Tom Wood Show listeners are now getting cash rebates for the online purchases they make thanks to ebates, which sends them |
| 0:23.6 | checks. Plus, they send you a hundred bucks if you sign up just three people. Check it out through |
| 0:29.7 | tomwoods.com slash ebates. Hello, everybody. Welcome to the last episode of the year. I'll be |
| 0:36.6 | returning on January 4th, 2015, |
| 0:39.2 | with episode 562 and a whole new year of episodes. Thanks so much for listening, for supporting |
| 0:45.1 | the show in various ways, for making those Amazon purchases through tomwoods.com slash Amazon, |
| 0:50.5 | whatever you've done, spreading the word about the show, or just being a loyal listener, I deeply appreciate. At the end of my conversation today, I'm going to talk to you about things |
| 1:00.2 | you might do that might tide you over between episodes 561 and 562. I've got some good ideas for you, |
| 1:08.0 | so stay tuned for those. But right now, it's my pleasure to welcome to the show, |
| 1:12.2 | Peter J. Wallison, who is a lawyer and the Arthur F. Burns Fellow in Financial Policy Studies |
| 1:18.0 | at the American Enterprise Institute. He's the author of numerous books, but we're going to be talking |
| 1:23.0 | today about his book Hidden in Plain Sight, which came out early this year, hidden in plain sight, |
| 1:29.8 | what really caused the world's worst financial crisis and why it could happen again. |
| 1:35.4 | Peter Wallisand is a frequent contributor to the op-ed pages of the New York Times, |
| 1:39.7 | the Wall Street Journal, and the Financial Times. |
| 1:42.3 | He holds his undergraduate degree from Harvard and his law degree from Harvard Law School. |
| 1:48.0 | I'll be linking to his AEI page at Tom Woods.com slash 561, as well as to this important book, |
| 1:54.0 | which very helpfully supplements my book Meltdown from 2009, which focused quite a bit of attention on Federal Reserve policy. |
| 2:02.9 | But of course, that's not the whole story, and Meltdown didn't claim that it was. There was a lot of this material in Meltdown as well. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Tom Woods, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Tom Woods and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.