The Tom Woods Show, episode 721.

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

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

Hey, everybody, Tom Woods here talking about money today, and we're talking about money with Philip

Bagas, who is a professor of economics in

Madrid at the Universidad Ray Juan Carlos, and he is co-author of a brand new book called Blind

Robbery, How the Fed, Banks, and Government steal our money. Tom Woods.com slash 721 is where we'll have a link to that for you.

It is a book that works for the beginner.

In fact, it works for people who aren't even in this circle at all,

gets them thinking about important things.

But it also can work for the advanced student,

because I guarantee you you're going to find arguments in here you hadn't thought of before against the government fiat money system. So great book and a great guy to talk to. Philip, welcome back to the show.

It's a pleasure to be on your show, Tom.

All right. Let's talk about blind robbery. Nothing subtle about the title of this book. I want to talk about the ideas in the book,

but then toward the end, just because I enjoy having a chance to pick your brain, I do want to ask

you a few more advanced questions that aren't covered in the book just because I want to know

the answer, and here you are. But what this is, and as I was

telling people in the introduction, is a very useful book for people, first of all, who are new to

some of these ideas, but even people who have been around a while, I think, will benefit from

this because you present the ideas in ways I haven't necessarily

heard presented before and in ways that are very persuasive and that are step by step each point

builds upon the previous one. So I think it's very, very well done, and it's not a long book,

...