4.8 • 3.3K Ratings
🗓️ 16 March 2016
⏱️ 22 minutes
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Murray Rothbard, the great Austrian economist, drew on Austrian business cycle theory to describe what should be done to make sure a depression ends as quickly as possible -- and it's the opposite of the advice the American intelligentsia has recommended since the Great Depression. My guest has developed a way to convey Rothbard's point to the mainstream of the profession, using the mainstream's very own tools.
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0:00.0 | The Tom Woods Show, episode 619. |
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. |
0:14.3 | Hey, everybody, I'm hosting a cruise with Bob Murphy in October 2016. |
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0:44.7 | Fortunately, Daniel Levis, who happens to be a libertarian and is one of the world's great email marketers, is giving away some helpful video and a PDF at tom woods.com slash |
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0:59.8 | Hi everybody. Tom Woods here talking about Murray Rothbard and Austrian economics today, but in |
1:04.9 | particular we're talking about a way it can be explained that will make it more, I don't know, understandable to the mainstream, |
1:13.3 | that maybe the mainstream can be more sympathetic to us. There's an interesting new article |
1:18.2 | at meases.org that I'll be linking to at tomwoods.com slash 619 that will go into more detail |
1:24.9 | about this. But right now we have, as our guest, the author of that |
1:28.5 | article, and that is our friend Professor Anthony Mueller, who is a professor at the Federal University |
1:33.9 | of Sergipe in Brazil. He's also academic director of Mises Brazil, the Mises Institute of Brazil. |
1:41.7 | Professor, welcome to the show. Thank you for having me. We're talking today about an |
1:46.6 | article of yours, and I'm linking to it at tomwoods.com slash 619, which is the show notes page for today, |
1:52.5 | and it's about how Rothbard's depression theory is more relevant than ever. Now, I have talked |
1:58.0 | quite a bit on this show about Austrian business cycle theory, |
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