• "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

The Free Market: Fallacies and Facts

My remarks at the Mises Circle in Houston.

  • Barry

    Friendly advice:

    1) Many audiences do not like to hear that the speaker they are listening to has just very recently and rapidly prepared his remarks.  In a way, it is slightly insulting to them.  So whether true or not, better to pretend like you spent a year drafting your speech.

    2) Your intro is a bit too long.  It takes you about 10 minutes to get to the substance of your remarks.

    Please do not be insulted by these comments.  It’s always easier to criticize than to do.  I know that.  I’m simply trying to offer my advice for whatever it’s worth because I think it might make you even better than your currently are.  So please, take these comments in the spirit that they are offered.

  • http://www.TomWoods.com Tom Woods

    I do public speaking all the time. Check YouTube if you don’t believe me. I hardly ever take so long to get going, so (2) is unnecessary.

    As for (1), given that I had almost no notice, I think most people are decent enough to be more understanding than you give them credit for.

  • Greg

    Very interesting as usual. Out of all the public speakers in the libertarian universe woods is surely by far the best. It would be nice if woods gave Ron Paul a few lessons.

  • Huffy

    Great presentation, as always!  Kudos!!

    I am always amazed that so many people continue to believe that Government is somehow magically divorced from the people who make it up.  There is no such thing in the real world as “government” just as there is no such thing as Santa Claus.

    Government is just a group of people who have gotten the power to force other people to act in certain ways.  Since governments consist of people, governments will always reflect the failings of people.

    The people who “attack” those of us who want the least government, seem to ALWAYS ignore this fact of life.  These people fool themselves into thinking that a benign savior exists in the form of government and “the Government” will protect them from the unpleasant aspects of life.  In fact, the power of government attracts corrupt people who align with the powerful and greedy in the private sector to extract wealth from the masses and to control their lives in order to retain their power.

    Sadly, there is no perfect solution to living together in harmony and to mutual benefit because people are selfish and some people are corrupt and evil.  As Acton said, “Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men.”  There is a continuum from zero power to absolute power.  As you move along that continuum you increase corruption with power.  Government represents power.  More government means more power and, hence, more corruption.

    Recognizing this basic fact of humanity, the philosophy of minimal government was adopted when the Constitution was ratified.  It’s not perfect, but it’s far better than the alternatives.  

    Those who attack you in this way are sadly living in a fantasy world where someone will take care of them from cradle to grave.  It is understandable, but it’s very naive and very immature thinking…

  • Anonymous

    I was going to make this comment before listening to the speech. But I got distracted and have now listened to the speech.

    1. I have a Murray Rothbard lecture on audio tape from back in 1973. During the lecture, he’s explaining the difference between scarce economic goods and non-scarce goods. He gives an example that if you could just wish for the Pepsi and it just came flowing into your mouth, that would be a non-scarce good. He called it the Pepsi model of economics, which he said is also known as the “Garden of Eden” model of economics.

    2. I forgot to listen to the Houston speeches live last Saturday. I was thinking that I would subsequently forget to find them and listen to them when they became available on mises.org.

    3. I noticed your posted video here on your blog and thought about hunting for the audio versions on mises.org.

    4. At the same time, I had just opened my iTunes program and noticed that the Houston speeches were all miraculously downloading into my podcast folder. Kinda like the Garden of Eden model of economics.

  • http://www.praxacademy.com Rothbardian

    This is great.  I was there, but I plan to watch this at least once a week.  Maybe even download it to my iphone to listen to while I drive.  I loved the part about sitting there being amazed at the vaporizer, because I do the same thing sometimes.  Heck, its amazing that I am typing this from a wireless computer while I watch videos on some far away video database.  Unbelievable!  Thanks for the entertaining and intelligent speech.

  • http://twitter.com/TomRStone Thomas Stone

    Hi Thomas,

    It is almost three years old now, and perhaps you have seen this classic clip from Louis CK on Conan O’Brien’s show… it a must see! His routine here, his specific examples, and his sense of humor in general is very much in line with your message in the second half of your presentation here — and with the kind of examples/mesage you often give in other talks as well.

    Everythings Amazing, But Nobody’s Happy
    http://www.youtube.com/watch?v=8r1CZTLk-Gk 

    Great clip… one that I re-watch a few times a year, especially before I’m about to go on a business trip or whatnot.

    Could be some good examples here for you to use in the future, or perhaps this video will get  your creative brain thinking of some more like them.

    – Tom Stone

  • http://sunnyrobinson.com Sunny Robinson

    Friendly advice for Barry:  

    1) Offering such weak, unsolicited advise to a renowned public speaker/debater is laughable at best. It did however, provide a bit of comic relief for anyone even vaguely familiar with Thomas E. Woods, Jr.    

    2) And don’t kid yourself, your comments couldn’t insult Dr. Woods.