One of Ron Paul’s great accomplishments is that the Federal Reserve faces more opposition today than ever before. Readers of this site will be familiar with the arguments: the Fed enjoys special government privileges; its interference with market interest rates gives rise to the boom-bust… Read More
Search Results for: Why the Greenbackers Are Wrong
Ep. 873 Why the Greenbackers Are All Wrong About the Fed
Some people — known popularly these days as Greenbackers — oppose the Federal Reserve for all the wrong reasons: it doesn’t inflate enough (!), the bankers will wind up with all the money thanks to compound interest, there isn’t enough money created to pay all… Read More
Why the Greenbackers Are Wrong
This is a long piece, but no longer than strictly necessary. It refutes a few of the most common claims advanced by Greenbackers, opponents of the Fed who believe the solution is to transfer its money-creation monopoly directly to the government. One of Ron Paul’s… Read More
Ep. 1166 Everyone Is Wrong About Money Except the Austrian School
This episode begins with my five-minute opening statement from a FreedomFest debate on abolishing the Federal Reserve System, and then proceeds to discuss further problems with the Fed (as well as problems with the so-called Greenbackers, whose critique of the Fed is that they’d prefer… Read More
The Greenbackers’ Fake Quote Industry
The end-the-Fed movement is the natural outgrowth of free-market economics. The Federal Reserve is a government-created institution with government-granted monopoly privileges. Its interventions into the economy give rise to the boom-bust cycle, etc. If you’re a reader of this site, chances are you know the… Read More
The Tom Woods Show Library of Episodes
Subscribe to the show for free on Apple Podcasts or Stitcher and never miss an episode! Ep. 1547 The Country Where Libertarian Thought Is Thriving – December 4, 2019 – Raphael Lima Ep. 1546 Another Multimillionaire Who Didn’t Use His College Training – December 2, 2019 – Aidan Booth Ep. 1545 What Is the… Read More
All Wars Are Bankers’ Wars, Says Video
Someone sent me a video called “ All Wars Are Bankers’ Wars .” Within three minutes I had to turn it off. It begins with a fake quotation from Ben Franklin, arguing that the most important driving force of the American Revolution was the British prohibition on paper money in… Read More