Monetary Lessons from America's Past | Thomas E. Woods, Jr.

[hotman537]

this has a lot of economic logic to it, but it's really manipulative. Also, going back to the gold standard is not the way to go, please take an actual economics class before listening to these speeches.

[TenTonHorse]

@hotman537 I'm one of those free-marketeers who don't support a gold standard. Can I ask what you're reasons are?

[hotman537]

@TenTonHorse Well not only is this guy arrogant in his projection of his idea being better than all the others. He doesn't really KNOW, but goes off as his what he believes in is so SIMPLY FACT. watch aspect of the video, and question his rhetoric. At one point he claims that modern day economists know nothing of economics, whcih is pretty absurd and sensationalistic-ally manipulative

[TenTonHorse]

@hotman537 Well, I'm disatisfied with the way Woods has treated past economic downturns, simply attributing them to an any arbitrary government policy. Btw, he seems to base his opinion of modern economists on Krugman, who is a crank, but I agree it's not fair to tarnish them with the same brush.

[RedXlV]

Good old Austrian School "economists", proving time and again that they know nothing.

[pas9ify]

Pdrumn:Free your mind from "common sense" stereotypes, black and white thinking promoted by our corporate owned media and bootlickers like the guy in this video and suddenly contradiction melt away.

You think I have dreads, piercings are ride a bike? You think I carry a joint in one hand and a flower in the other?

[pas9ify]

Pdrum you are operating under invalid definitions. Monopoly and oligopoly are not "capitalism". Under said system, no market player can influence it's market, ideally. The further you stray from that ideal, the less efficient your economy. Governments, such as China's that are not afraid to level the playing field, enjoy the best growth. What you are calling capitalists are actually facists: business taking over governments which was the model under Hilter & Mussolini.

[Pdrum2]

oops, moron take out the s

[pas9ify]

What a load of propaganda!  My goodness.

The global money barons hate governments because they are a threat to their plundering.

Yeah politicians suck, but I trust them before CEOs!

[Pdrum2]

@pas9ify Haha not, oh the "evil, greedy capitalist" just love to force us in slavery.

[MadeAlurik]

@pas9ify

You do realize that our government is bought, and paid for by those same CEO'S you don't trust. You do know this right? Do you eve know ten of the companies that received bailout money? Do you really know who is paying back that money? I can guarantee you it is not those companies who received said bailout money.

[s0beit]

Thomas E. Woods is my favorite article writer and speaker of today

woop

[twk373]

"Murray Rothbard for the win." Love that!

[mason72518]

Who are the 5 morons that dislike?..Paulson, Bernanke, Greenspan, Alan Blinder and Larry Summers perhaps?

[Pdrum2]

@mason72518 lol Alan Blinder,  that's a perfect name.

[CytherLynx]

'hiding in the water, for fear of the rain'

i am so using that burn!

Austrian economics ftw.

[doughtymqan]

I CANNOT believe all these Harvard/Yale etc. politicians don't understand this. Therefore, the Fed masters & the politicos are just enriching themselves at the expense of us, the great unwashed. They are completely evil.

[petmensan]

Tom Woods/Peter Schiff 2012

[LibertyAtYourService]

The only negative critique I have of this video is that not enough people have watched it.

Woods is the best!

[Artfryne]

George Carlin had it right all along about the economy, our so called capitalism, and the environment... who knew?

[seraphimWILLunite]

@Artfryne You got it. We don't live in capitalism! who knew?! :) The more people figure that out the better my friend- we can restore the freedoms we need to live productive and happy lives.

[chaseef]

I think one reason why most economists wont address austrian business cycle theory is because it is too simple.

It puts them off because Joe Blow who got C's in high school can understand as easily as they can with their phd's.

[bboydmt]

Very nice speech!

[AFRIKTODAY]

Great economist, religious proselytizer! I guess, nobody is perfect!

[DarthKazi]

Tom Woods is a badass!

Love this guy!!!

[LordVigeous666999]

valid point, but remember, last time with the liberty dollar, they just confiscated all the metals backing the currency and pretty much sunk it over night.

They don't have to go after the 30,000 direct, all they have to do is raid the banks that hold the money

[LordVigeous666999]

how many have been put in jail by the Government?

Not that I'm saying you have it wrong, I am just saying the FEDs are making it pretty tough to do the intelligent thing

[DataMan90210]

HGTV - Is real-estate prono!

[Boozbazz]

Excellent talk.

[rescuemay]

Bravo sir. We don't have capitalism in the USA. It's a shame.

[TheAmericanTruth09]

25:30

[TheAmericanTruth09]

Great Speech Thanks

[MooseOfReason]

"Hey, didn't you hear? I'm Paul Krugman--I don't need to read it!"

Hah. So funny.

[Pdrum2]

@MooseOfReason Yeah, a typical arrogant morons lol

[MooseOfReason]

@Pdrum2 Krugman still has a job, even with the NY Times' financial troubles. Arrogance pays well. :)

[aaaabbbc4]

does anyone know at which point he talks about the crisis of 1920?

[MooseOfReason]

@aaaabbbc4 There's a separate video called "Why you've never heard of the depression of 1920."

[benjis007]

took him about 12 minutes to begin...a bit too long if you ask me...but I'm still listening. thnks for the post! I am constantly being demonized lately for my "free market" leanings, and we need this kind of updated material to combat the naysayers...thnks

[LibertyWins2012]

Well, in Woods' defense (I was there), the program and hence his speech started an unexpected 10 minutes early, so I guess he figured he had a little time for banter.

[LibertyWins2012]

And it looks like 7 or 8 mins to me.

[4Stanzas]

Is that Lew Rockwell in the mirror?

[supturb89]

I was going to ask the same thing. Great speech!!!

[CORNandCATTLE]

Righteous... thanks for posting!

[Genowulf]

22:44

Murray Rothbard FTW!

[sinitskyd]

We in FBI and NSA are watching you Mises and Ron Paul people! You must have a lot of gold and we will visit you first when the President signs gold exchange law, thereby abiding you to exchange gold for warm, smooth and crispy green paper.

[DavidCJensen]

Cool! I bought silver instead!

[sinitskyd]

What the heck, we will confiscate your silver too. And your wife, if she is pretty

[DavidCJensen]

No wife, I decided to rent and not buy due to depreciation.

[sinitskyd]

In this case, we will go after her and tax her on her rent income...

[DavidCJensen]

Too late. I formed a Nevada LLC and put her into it as an income-producing asset.

[AFRIKTODAY]

You must have to go to drug dealers for beautiful wives, thus the CIA!

[doughtymqan]

@AFRIKTODAY Drug dealers? Don't you mean "undocumented pharmacists?"

[lcpartain]

My gold and silver are safely out of your jurisdiction

[sodami]

Amazing speech.

[PongGod]

I was there for this speech. Tom Woods is a very impressive speaker!

[mrcool011]

Amazing video.

[greves1]

"just keep getting him drunk" -- great analogy!

[CurtHowland]

History you're not going to ever get in a government school.