The Attractiveness of Austrian Economics | Thomas E. Woods, Jr.

[frederickmorris]

I love Tom because his voice is clear and easy to hear and has a way to keep your attention apart from a very important lecture..

[BV-jqvg]

I went to a private christian k-12 school and we were required to take personal finances classes, thank God. It was Dave Ramsey online courses. They were probably good enough to give us a leg up but starting with people like Milton Friedman or Tom Woods would’ve been a much better foundation. Glad I found these videos 10 years later.

[bobbiecrider]

Trucker driver. One eighth grade deploma under my belt. Following Tom over the past fourteen years, free education at its finest.

[TheSkoaler]

This was such a great talk. I keep watching over and over. The last ten minutes is the best.

[PKent]

The mises university is like the jedi school on yavin 4. Without it the sith would rule the galaxy.

[leavesofdecember]

Thom Woods just has to be the happiest man alive! I mean, just look at him !! So by all means, if the austrian school beings people to pause for just even one second and appreciate life itself a bit more, I'm all in !

[JD-oskr]

I really like Tom's style. Great speaker.
His passion for liberty and his own output are amazing. I know he's giving much love to Rothbard...but sheesh, Woods is no slouch. That guy works and works and works.

[rwoz]

You never want to miss a speech from Tom Woods!

[Jeronimus]

5:51 i love that, that a great economist and a great thinker quote often the works not only from a lot of economist but literature writers

[alexp-ru]

Who are the 17 idiots who thumbed down the video?

The guy is bang on

[MRando]

Sitting around every evening this week having a cigar and catching up on the MisesU lectures from the not ask for more. Thank you LvMI!!

[trivas]

One of Tom's greatest talks; his enthusiasm for the subject is contagious.

[BobWidlefish]

6:16 the connection between Austrian economics and radical libertarianism is probably in large part their shared correlation with high systematizers.

[imonlyamanandiwilldiesomed]

<3 Tom Woods and Dr. Mesis. These great men make me want to start reading Austrian economics and liberty-minded books.

Personal freedom and economic freedom have proven to produce vastly superior civilizations to politically authoritarian and/or economic authoritarian civilizations.

Fuck popularity and personal glory. Long live truth.

[JNJ]

Tom Woods is an intellectual giant and inspiring when he talks about the courage and conviction of Rothbard and Mises.

[annalyon]

I first met Ron Paul (& joyful Murray Rothbard, et al.) at my first Mises seminar on the Federal Reserve on Jekyll Island in the early 1990s. It changed how I saw economics and prepared me for taking Neoclassical economics at the Bryan School of Economics at UNC-G. Only a business major, a chemist and myself (minoring in economics) were aware of the contradictions and fallacies in the NeoC. system. I kept finding errors of fact throughout the text and its workbook...at 1 of the better schools!

[KowBoySpace]

Seems to me the guy with the bullhorn is exactly like the guys who introduce control to a food chain. Nature over millions of years developed this complex web which works perfectly. Too many Buffalo means the lion population increases and the buffalo are kept at the correct level. Allowing the grass the be maintained and so on and so forth. Yet our guys with bull horns think, "What Australia really needs is X animal to combat the Y animal we accidentally introduced". Then we find, after introducing more and more random plants and animals to combat each other, the long term effect is everything gets worse till eventually you literally have plagues or extinction. When in fact the system itself, despite all its complexity, didnt need a bull horn guy to interfere and just works.

[clearsky]

That's just one time deal like I mentioned at the time of the IPO, that's it. Very few stocks are traded at any given time that originate from companies going public, the vast majority of stocks are resales where no money flows back to actual company. The way that most companies raise capital after going public is by issuing bonds to secure loans and that's not the stock but the bond market. So stock market going up really does not bring any additional funds to publicly traded companies.

[emt]

Very good  argument against Marx's labour theory of value.

28:29 "The labor theory of value has undergone some rough times over the years. So, there are some Marxists who claim that even though we don't believe the labor theory of value anymore, it doesn't destroy Marxism. But, if you don't have the labor theory of value,
you don't have surplus value,
don't have exploitation and
therefore you don't have any proletarian revolution.
So it's kind of hamlet without the Prince, if you  ask me for Marxism without the labor theory."

[LarsGAndersson]

Thnx! I wish your scholar in austrian economics at liberty classroom could talk like you, so I could follow the lectures instead of falling asleep!