The Tom Woods Show, episode 568.

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

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

Hello, everybody. I am back from New York City, where I had a tremendous time.

I got something funny at the end of the episode today. You have to

stay tuned. Michael Malice made fun of me on the Kennedy Show on Fox Business the other night,

and I'm going to play you just that brief clip in which he refers to me, not by name, of course,

but he knows I'll know. So I have to play you the little clip from that weasel Michael Malice. So that's coming at the end. So don't quit on the episode just because I'm done talking to you about the 1970s. In this episode, I am going to talk about the 1970s just as an interesting historical moment with particular emphasis on the U.S. economy of the 1970s and how bad it was and how it got

to be that bad. That sort of thing is going to be our subject for today. Before I get to that,

a little announcement, I've got a webinar coming up for you, for the listeners of this show

only, coming up this Thursday at 3 p.m. Eastern, 12 p.m. Pacific. That's,

let's see, what would the date be? That's Thursday, January 14th, 2016. And the special guest

on the webinar is my friend Chris Record. Now, Chris is a genius as a marketer, as an entrepreneur, as a product creator,

but he's also a Ron Paul supporter. He donated to the 2012 campaign. He used to post Ron Paul

videos, as we all did on our Facebook pages. He did that on his Facebook page. So he's a great

guy, but he's going to talk to my audience about how you go from not really knowing what you're doing, going from being a newbie to being an online entrepreneur.

And there are just so many opportunities to do this.

And I hear a lot of libertarians with a lot of theory about entrepreneurship, but who get downright hostile when you suggest, why don't you actually do it?

So he'll actually show us what he does,

how he's successful. And successful he indeed is, as I mentioned before, this is a guy who earned $800,000 last year just on affiliate commissions. Now, that's not all for him. He has a team of people

who work for him, but he earned twice that on product creation. He's not all for him. He has a team of people who work for him,

but he earned twice that on product creation. He knows what he's doing. He knows how to capture

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