11
Feb
2009
Tom Woods Is "Fed Up" (with the Fed)
He explains the can of whoop-butt that Ron Paul opened. Incidentally, I am troubled at Tom’s growing sophistication with monetary matters. When working on my book regarding the Depression and New Deal, I justified my efforts by saying, “Well, it’s true that I’m not a historian, but these are really technical matters and you can’t have these clowns running amok who don’t know the difference between the base and M1.”
But now that I see Tom confidently making references to Bear Stearns and “non-recourse loans,” I’m almost afraid to read his new book. I can only hope that my jokes are better than his.
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