20 votes

Economic Cycles Before the Fed by Thomas E Woods, Jr.


Archived from the live Mises.tv broadcast, this talk by Tom Woods was presented at the 2011 Mises University in Auburn, Alabama. Includes an introduction by Mark Thornton.

Via TomWoods.com: If you’re looking for my usual jokes and banter, this one doesn’t have them. I delivered it during the Mises Institute’s week-long Mises University summer program for students. But it replies to a common objection often raised against those of us who would abolish the Federal Reserve: weren’t there economic downturns before the creation of the Fed?

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Look Here

Here is a link to a more in depth history of it and there is a cool cartoon explaining the way this works as well.


Three weeks ago

I didn't understand a damn thing about economics. I thought I did, but Mr. Woods has pointed out why I truly didn't. It is scary for someone my age to find out just how much our minds have been twisted, yet, for the first time in my life, I actually feel like I'm living as my own person and not just a cog in a giant wheel. I thank God everyday for deciding to investigate Ron Paul.

This presentation is extremely informative. I'm having everyone I know that supports central banking, or still believes they are just a business like any other, watch this ASAP! Thanks ACinMA.

I'll give as much respect to my elected officials as they give to the Constitution!

3 weeks??? wow, awesome.

3 weeks??? wow, awesome. Welcome to a whole new world! You should check out these sites as well:





That's it!

I'm joining the Mises Academy.

Thank you! My man crush on

Thank you! My man crush on Tom Woods remains intact.

A must listen!!!

The NPR drone interviewing

The NPR drone interviewing him sounds like a complete dimwit. When she said "I don't get it" I could only agree!

lol true but that's exactly

lol true but that's exactly the audience we need to get these ideas across to. The kind of people who can't imagine doing anything without government supervision and oversight. The typical American socialists who have substituted government as a surrogate god.

watch this..

many of you come on again and off again spewing anti market nonsense or display doubts about hard money because you've just been lazy.. you watch like one or two rp interview a week and that's it.. look at this thread having only 7 responses

for economic stupids like libertybaby and other closet socialists.. take 1/100 of the time you waste to make nonsensical questioning of austrian economics that wastes our time as well and instead watch videos like these.. would save all of us a lot of grief.

Dr.Tom Woods is personally responsible

for waking me up, to the freemaket, he has seriously educated me on the inner-workings of a free society.

great speech

And it was humorous at times despite Tom's disclaimer.

Registration for Republican Bomb, 12-11-11 to 1-12-12! Pledge now at http://RonPaulResupply.com

MP3s on YouTube drives 100000+ hits for Ron Paul !! :


Panic of 1837 and it's causes.

Tam did not mention the Specie Circular of 1836 that squelched the wild land speculation in territorial Michigan. Banks in Michigan had wildly inflated their paper money supply beyond their holdings in Gold and Silver.

President Van Buren demanded species for purchase of Federal lands. Buyers rushed to the banks with their paper promises for species and found those promises didn't hold water.

I have read tales that Michiganders used the beautifully printed banknotes as wallpaper to help keep out the Michigan cold.

One thousand dollars was 50 ounces of Gold at the time Biddle was buying those ads in the newspapers. Or a thousand Silver Dollars (90% Silver ounces)

Tome Woods is a serious scholar and a good lecturer, always a pleasure to hear.

Free includes debt-free!

Who is Tam..His name is Tom

His name is Tom Woods :-)

You are right of course.

I have returned the keys on my keyboard to their correct places.

Free includes debt-free!

Tom Woods Did A Fine Job on The Economic Cycles of The FED

This 57 minute presentation by Tom Woods was very interesting, informative and easy to understand. Everyone should listen to this presentation in order to learn from our past mistakes, the cycles that lead to booms and busts and how so very dangerous a central bank is to a country.

Thanks you so much Tom :-)

reedr3v's picture

We are so fortunate to have the information

available to us from the Mises Institute. What a wonderful educational model it is for all of us who want to fill in the yawning gaps left after mainstream ed. institutions.