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The Tom Woods Show

Ep. 820 Speculators Aren't Evil, and Neither Is Cinnabon: Common Fallacies Refuted

The Tom Woods Show

Tom Woods

Politics, Economics, Libertarian, Government, News

4.83.3K Ratings

🗓️ 9 January 2017

⏱️ 33 minutes

🧾️ Download transcript

Summary

Don Boudreaux, professor of economics at George Mason University, joins me to review some of the more common complaints against markets, as reflected in recent books by well-known authors.

Show notes for Ep. 820

Transcript

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0:00.0

The Tom Woods Show, episode 820.

0:03.0

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

0:07.0

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

0:13.0

Hey everybody, I got some free e-books for you to help you answer some of the most common objections to libertarianism.

0:20.0

One of them is 14 hard questions for

0:22.4

libertarians answered, then Bernie Sanders is wrong, then education without the state, and more to come.

0:30.0

Check him out at tom's freebooks.com. Hey everybody, Tom Woods here. Talking to Don Boudreau today. He's a

0:36.1

professor of economics at George Mason University.

0:39.1

He writes a lot of book reviews for Gene Epstein, our friend, and he's had a bunch that I think are

0:46.8

interesting to the point where I thought it would be an interesting episode to go through

0:50.3

several of them in one episode and dig out some interesting ideas. And usually the ideas

0:58.2

are critical ones criticizing these books. But I think you can learn a lot from Don's

1:02.4

criticisms of some of these, unfortunately quite common ideas, the ideas that you find

1:07.4

in these popular books that he has reviewed. Don, welcome back to the show.

1:13.2

Happy to be here, Tom. Gene Epstein is a big, big, Don Budrow fan. He sent me an email not long ago saying,

1:21.6

because he's book review editor and economics editor at Barron's, of course, and a frequent guest on this show.

1:26.8

And he said,

1:34.6

this Boudreau guy just keep sending me excellent, outstanding reviews of oftentimes terrible economics books. And I think his reviews might be food for thought and interesting conversation

1:40.7

fodder for your show. So I looked at them and I thought, yes, that is an absolute

1:44.5

definite. So there are four titles that I'd like to hit on in lightning round fashion here.

1:50.2

The first one, published by Princeton University Press, is called Fishing for Fools, Fishing

1:57.1

and Fools with a pH. Tell me who the authors of this book are, why they matter,

...

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