Ep. 891 Fiscal Doomsday: When It's Coming and What It Looks Like

The Tom Woods Show

Tom Woods

Politics, Economics, Libertarian, Government, News

4.8 • 3.3K Ratings

🗓️ 18 April 2017

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

The March 2017 report of the Congressional Budget Office paints a grim picture about the fiscal future of the United States -- but don't we hear a lot of grim predictions, and don't things usually carry on as before? Gene Epstein explains what's really going to happen.

Show notes for EP. 891

Transcript

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0:00.0	The Tom Woods Show, episode 891.
0:03.4	Prepare to set fire to the index card of allowable opinion.
0:08.0	Your daily dose of Liberty Education starts here, the Tom Woods Show.
0:14.5	Hey all you men out there, it's time to graduate from the $99 clearance rack at Sears.
0:20.7	Get a made-to-measure suit from Indochino, and
0:24.4	heads will turn. This week, my listeners can get 50% off, a made-to-measure suit. That's just $389 at
0:32.6	Indochino.com when you use code Woods. Folks, we're capitalists on this show and we're not ashamed of that.
0:39.8	And one of the easiest places to be a capitalist is on the internet.
0:44.3	So for example, if you've got a website and you're not monetizing it, then you're a schmuck.
0:48.4	I'm going to show you what I'm doing exactly step by step in this free ebook,
0:56.9	Five Paths to an Online Income. Check it out at Paths to Income.com. Hey everybody, Tom Woods here. Our old friend Gene Epstein returns to the show.
1:03.5	Gene, of course, is economics and book review editor for Barron's, the nation's premier financial
1:09.6	publication. He also runs the Soho Forum, which is an
1:12.8	incredible debating society in New York City. It succeeds the Junto, which closed its doors
1:20.1	actually not long after Michael Malice and I had our debate on Alexander Hamilton. How were they
1:24.2	going to top that, right? So they closed their doors. But it's been more or less replaced by the Soho Forum. And I strongly urge you, if you're in New York City, to check that out. They have an interesting debate every single month. And it's exciting because it's one of these Oxford-style debates where you poll the audience beforehand and then you poll the audience after the debate. You see which side changed more
1:44.7	minds, and then you have an objective winner. A lot of fun. It's one of the great benefits of
1:49.4	living in New York City. You can check it out at thesohoforum.org, and of course, jean is at
1:56.0	barons.com. The topic of our discussion today is what we read in the March report of the Congressional Budget Office about the fiscal projections for the U.S.
2:08.9	And it's not looking good.
2:10.2	But yet we always hear this.
2:11.5	Oh, it's not looking good.
	...

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