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The Tom Woods Show

Ep. 723 Austrian Criticisms of Mainstream Economics Are Sound: Reply to a Critic

The Tom Woods Show

Tom Woods

Politics, Economics, Libertarian, Government, News

4.83.3K Ratings

🗓️ 25 August 2016

⏱️ 45 minutes

🧾️ Download transcript

Summary

Jeff Herbener joins me to respond to an article making the rounds these days claiming that Austrian criticisms of mainstream economics are either uninformed or simply fall flat. By the end of this episode, it's this critic who's flat.

Show notes for Ep. 723

Transcript

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0:00.0

The Tom Woods Show, episode 723.

0:03.6

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

0:08.2

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

0:14.5

Folks, if you're like me, you get more email than you can cope with, and you frankly don't know what to do about it.

0:20.5

Well, do what I do.

0:22.3

Use SaneBox to declutter and get your life back.

0:26.2

Check it out at SaneBox, S-A-N-E-B-O-X dot com slash Woods.

0:32.1

Hi, everybody, Tom Woods here.

0:33.4

We are responding to an article today.

0:35.6

Those are always fun.

0:37.2

Article responses, there's an article that. Those are always fun. Article responses.

0:38.2

There's an article that's making its way around.

0:40.6

The Internet's called Austrians are wrong again.

0:45.3

And it is a response to a piece by Jonathan Newman, who has been on the show before as a panelist on one of the episodes. And it's an article that he

0:57.7

wrote on some of the insights that the Austrian school has. And this other person is saying,

1:04.6

no, these are not valid insights, or they're not uniquely Austrian, or Jonathan Newman doesn't

1:10.2

know what he's talking about, whatever.

1:11.5

So this started to spread around, and I had a number of people say, hey, you should answer this.

1:15.6

So I thought, eh, what the heck?

1:16.9

Again, not because it's, you know, let's say it's the best article in the world, but because if people are reading it, I want people to know what the answer to it is.

1:27.3

So I'm going to be linking,

1:28.3

of course, to the article, to Jonathan Newman's initial piece. All that stuff will be at

...

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