The Free Market: Fallacies and Facts | Thomas E. Woods, Jr

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Published 2012-01-19
Archived from the live Mises.tv broadcast, this lecture was presented by Tom Woods at the Mises Circle in Houston on 14 January 2012. Includes an introduction by Douglas E. French.

All Comments (21)
  • @CritterCrew1
    Best part of the video: "And as I say, here we are at a time when the greatest benefactor, materially speaking, the world has ever seen, is under greater attack than its been in the lifetimes of many of us. And the attacks are so unfounded, and so unfair, and so frankly deranged; made by people who wouldn't even have the leisure time to make these arguments had it not been for the pampering of them that the market provides..."
  • @SVladZ
    Libertarian thought especially voiced by its most lucid and lettered individuals is almost like a drug that is so pure and good for you, that doing it as often as possible is the first incurable symptom.
  • @88spammer
    PLLLEEAAASSEEEEE GO ON THE JOE ROGAN EXPERIENCE, PLEAAASSEEEEEE!!!
  • @rkecseg84
    this lecture is one of the most valuable practical explanations I have seen regarding the role that freedom plays in organizing society. Tom Woods has a talent in juxtaposing a free society vs central planning. Brilliant, stunning, an enlightening needle in the haystanck of societal ignorance
  • @ldsiverling
    Been watching a lot of Tom Woods's videos. Great stuff.
  • @fsujag54
    Nobody makes an hour-long speech on economics, government, and philosophy as interesting and entertaining as Tom. Kudos, pal!
  • ***** Turd Flinging Monkey  21:00 how the free market/capitalism helps the poor 25:00 the natural cooperation that arises out of individualism 28:00 power of the free market 31:00 government vs market economy 32:45 average leftist/solipsist mindset 36:45 government vs corporations and addressing the greatest evil 40:45 addressing bottom line 42:45 growth of population, growth of living standards, life expectancy, poorest enjoy the most amazing things in freeR markets 44:30 inequality: in the old days the rich traveled via a coach driven by four horses whereas the poor traveled on foot with no shoes, today both the richest and poorest people (in freer countries) travel by car (gap getting much closer) 46:45 Louis CK everything is awesome but no one is happy 48:00 the robber barons in America were the ones who grew rich off of taxation, the ones who we should salute are the ones who brought the prices of everything down (steel rails $160 a ton to $17 a ton....4000 people could produce more people at Carnegie's plant than 15k in Europe in THE best plant they had...Rockefeller brought oil down from $1 to 10 cents per gallon...James J Hill made money and prospered with no government subsidies at all, even prospering and making money during a recession while fares were decreasing....Vanderbilt defied the steam boat monopoly....transport from one place to another for 10 cents....and then for FREE made money via food sales on the ship...delivered passengers for 1/4 of a cost that government subsidized institutions could not aka beating the companies stealing from people via taxation)
  • @inmymind801
    Nothing short of riveting ideas. Tom Woods speaks so passionately about the Austrian position and his Libertarian beliefs that you cant help by listen and be engaged no matter what else you got going on in your life. Seriously, thanks for opening me up to ideas I dont think I would have heard in College and certainly didnt in High school.
  • @soapbxprod
    Dear Tom- you RULE! You and Lew Rockwell and Peter Schiff and Judge Napolitano and John Stossel (also Niall Ferguson and Charles Murray) are just the best. Thanks for speaking facts to the Witch Doctors and Attilas. Ms Rand would be proud. :)
  • @NicosMind
    Been waiting for a Mises lecture for ages :)
  • @SomeUnsoberIdiot
    Gods, listening to Woods is just brilliant. An hour-long lecture that felt like 5 minutes.. I dare any teacher of economics to do half as well!