Tom Woods

Posted on by

Tom Woods opening speech at the 2014 Mises University.  Tom Woods is one of the leading proponents of Austrian Economics today.  His humor and style allows him to bring across Austrian economics to a much wider audience than would be expected considering that most people consider economics a boring topic.

An interesting point that Tom Woods brings up, no one in the liberty movement is talking about the Chicago School of Economics, all the enthusiasm seems to be with the Austrian School of Economics. In my opinion, this is great. The Chicago School has never really gone after the Federal Reserve.  In the opinion of Milton Friedman, the Federal Reserve did not inflate enough during the Great Depression!  The Austrian School holds the complete opposite opinion, not only did government inflation of the money supply prolong the depression but the inflation of the money supply from 1925 until 1929 caused the stock market boom in the 1920’s that eventually led to the wall-street crash.  To the Austrians, booms are inevitably caused by manipulation of the money supply, and in turn, always lead to a bust.  The Chicago School does not hold this view.  They are almost totally Keynesian when it comes to the Federal Reserve.  This is difference between the two schools of thought is massive.   If we believe in liberty, we can not ignore the Federal Reserve.  If we believe in intellectual consistency*, we cannot ignore the Federal Reserve.  Only the Austrian school of economics has been consistently critical of the Federal Reserve.  We should all be grateful that this school of thought still exists, otherwise there would have been no intellectual criticism of the disaster in 2008 and the future disaster that is coming.

 

Tom Woods at Mises U.

 

 

*Even though the Chicago School is free market on most topics, it totally ignores the monopolization of money and banking of the Federal Reserve.   The Chicago school is rightly critical of monopolies and cartels except for the biggest cartel of all, the Federal Reserve.

 

242 thoughts on “Tom Woods”

  1. I’m no longer sure the place you are getting your information, but good topic. I needs to spend some time finding out much more or working out more. Thanks for great info I was on the lookout for this information for my mission.

    Reply ↓

  3. May I simply just say what a relief to uncover someone that really knows what they’re discussing on the internet. You definitely understand how to bring an issue to light and make it important. More people must check this out and understand this side of the story. I can’t believe you aren’t more popular since you definitely possess the gift.
    https://loveru.me/znakomstva-irkutsk-mayak/

    Reply ↓

  8. Usually I don’t read article on blogs, but I wish to say that this write-up very forced me to try and do so! Your writing style has been surprised me. Thanks, quite nice post.

    Reply ↓

  13. I absolutely love your blog and find almost all of your post’s to be what precisely I’m looking for. can you offer guest writers to write content for yourself? I wouldn’t mind writing a post or elaborating on many of the subjects you write concerning here. Again, awesome weblog!

    Reply ↓

  21. Pretty section of content. I just stumbled upon your web site and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Anyway I’ll be subscribing to your augment and even I achievement you access consistently fast.

    Reply ↓

  23. Fantastic beat ! I wish to apprentice even as you amend your web site, how could i subscribe for a blog web site? The account helped me a acceptable deal. I had been a little bit familiar of this your broadcast provided shiny transparent idea

    Reply ↓

  24. Howdy, i read your blog from time to time and i own a similar one and i was just wondering if you get a lot of spam remarks? If so how do you prevent it, any plugin or anything you can recommend? I get so much lately it’s driving me mad so any help is very much appreciated.

    Reply ↓

  26. Aw, this was a really nice post. In concept I would like to put in writing like this additionally – taking time and precise effort to make a very good article… however what can I say… I procrastinate alot and in no way appear to get something done.

    Reply ↓

  27. Hiya, I am really glad I have found this information. Nowadays bloggers publish just about gossips and web and this is actually frustrating. A good website with exciting content, that is what I need. Thank you for keeping this web site, I’ll be visiting it. Do you do newsletters? Can’t find it.

    Reply ↓

  29. Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.

    Reply ↓

  41. I’m impressed, I need to say. Really hardly ever do I encounter a blog that’s both educative and entertaining, and let me inform you, you’ve got hit the nail on the head. Your concept is excellent; the difficulty is one thing that not enough persons are talking intelligently about. I am very comfortable that I stumbled across this in my search for something relating to this.

    Reply ↓

  46. Hi, I think your site might be having browser compatibility issues. When I look at your website in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, fantastic blog!

    Reply ↓

Leave a Reply

Your email address will not be published. Required fields are marked *