• "Well written, well researched, and the thesis put forth is well argued.... Woods has opened up an area of historical analysis that should invite further study."
    -Journal of American History

  • "During these times that challenge our freedoms there is no one more qualified to make U.S. history relevant to the fight against big government than Thomas Woods."
    -Barry Goldwater Jr.
    Former Member of Congress

  • "I strongly recommend Woods's work."
    -The Honorable Ron Paul,
    U.S. House of Representatives

  • "Written with great clarity and fluency, making the complex philosophical and theological concepts approachable."
    -Journal of American Studies

  • "A must-read."
    -Barron's

  • "An excellent reading source for anyone interested in financial markets, and much more so for anyone interested in learning about capitalism without all the misinterpretations being thrown about in the financial media."
    -Asia Times

  • "Provocative, well-written, and deserves to be read."
    -Catholic Historical Review

  • "An engaging and important contribution to scholarship on the history of American Catholicism."
    -Journal of the Historical Society

  • "Woods and [co-author Kevin] Gutzman appeal to both left and right in this constitutionalist jeremiad…. The authors' exegeses of the Constitution and court decisions, heavy on original intent arguments, are lucid and telling."
    -Publishers Weekly

  • "A marvelous read. Every chapter taught me something new and unexpected."
    -Tom Bethell, senior editor,
    The American Spectator

  • "The hottest book today is Meltdown, by my friend Tom Woods."
    -Judge Andrew Napolitano, senior judicial analyst,
    FOX News Channel

  • "Should be required reading."
    -Economic Affairs (London)

  • "Woods, one of the best classical liberal [libertarian] scholars of his generation, has once more placed us in his debt with this lucid and tightly argued book."
    -David Gordon, The Mises Review

  • "Tom Woods is one of my dearest allies in the struggle against wrong-headed and dangerous economic policy."
    -Peter Schiff

My Latest Video: The Euro in One Lesson

I know lots of Americans hate this subject, so here’s a quick primer.

And here’s the page the video mentions.

Unlearn the Propaganda!

  • JRT

    Tom, I’m sure you’d agree with me. The Tragedy of the Euro is one of those books that is short but after having read it you know so much more and definitely more than the general public! BTW what about the Tom Woods Show?

  • Anonymous

    Prices don’t have to rise. This is something that many don’t understand. If productivity gains offset the increase in the money supply, prices are stable. BUT that neglects the advantages both the consumer and savers would have. With the expansion in the money supply, prices would have dropped and the consumer could have gotten more for a unit of currency. Savers would have benefited also. Their delayed spending would go further.

    The fact is that the Central Bankers have damaged the advantages intrinsic in capitalism. Capitalism is about prices dropping due to efficiency and innovation brought about by real competition. The Fed offsets that by increasing the money supply. The impact of that on the economy is important. If prices are dropping, and margins are stable, consumers have more to spend. Jobs are created because extra spending creates demand for other things, especially if necessities are dropping in price also. Requiring more production and more distribution. That increases prosperity as money goes further and jobs are available.

    Central banks stop this virtuous cycle. Disrupting production as workers strike to maintain their buying power. Create conflicts in society as some can offset the increases in prices more easily than others. Redistribute wealth by the advantages the wealthy have via leverage. Negative feedbacks are the political power given to those that claim to represent the lower economic demographics. The result is empowerment of the State. When the State becomes powerful, those that have the means will control it. So powerful labor and corporate special interests use the State’s power to limit their competition via subsidizes, bailouts, regulations and labor legislation.

    This how a economy is suborned. The key factor is the central banking system and expansion of the money supply.

  • Anonymous

    I have this book sitting on the livingroom table, along with other books waiting to be read. Got Scheuer’s Imperial Hubris, Chomsky’s The new military humanism (you won’t see them next to each other in real life) and delicious cupcakes for a sunny aft….I’ve said too much.

  • Anonymous

    So essentially what you’re saying is the Greek issuing of bonds to banks is synonymous with the U.S. govt’s monetising of debt via The Fed’s purchase of govt bonds, which trickles down to fractional reserve banks as the money is spent, thus increasing the money supply, in addition to indebting the public with the interest.

  • http://www.facebook.com/people/Rafael-Prieto/534518154 Rafael Prieto

    Great video! Seems to me this Keiser thing will be great overall. After Keiser the Klown insults you, viewers will click on the links to your page and see how a real adult discusses ideas.