Receive the notorious Tom Woods Letter (which everyone who’s anyone reads)

EPISODE 2558

Ep. 655 Economist Goes Very Wrong on Business Cycles; We Correct Him

Subscribe on your favorite platform:

Don’t pay another cent for a book until you’ve read Tom’s free eBooks on the most controversial issues of our time. Over a dozen await!

Want to write that book, but the obstacles seem insurmountable? I can help.

The history and economics
they kept from you.

A Simple
Online Business

In this 30-minute crash course I’ll walk you through the simplest online business model there is. But don’t knock it: that deceptively simple model can take you very far.

Join Tom Woods and his very special guests in his first public return to the sea in six years…for the Tom Woods Cruise!

Check out Tom’s 13 published books for suppressed history, economics, and more.

Economist Steve Horwitz recently wrote an article urging Austrians to be not quite so boastful about their business cycle theory. After all, he said, it has serious shortcomings. And we should supplement our view of the Great Depression with the work of Milton Friedman, who blamed it on deflation.

In today’s episode, my guests put everything right.

About the Guest

Jonathan Newman holds a Ph.D. from Auburn University. Joe Salerno is academic vice president of the Mises Institute (insert hyperlink), and holds academic positions at Pace University and Auburn University.

Special Offer

Envious of people who run virtual businesses from a computer, and can work on their own time and from anywhere? Here’s a guy, from whom I’ve learned a lot, who’s created ten such businesses, who’s starting a free video series on how to do it. Watch here.

Articles Discussed

Is the Austrian Theory Enough?,” by Steve Horwitz
Booms, Busts, and the Boundaries of Economics,” by Jonathan Newman
What – or Who – Started the Great Depression?,” by Lee Ohanian (PDF)
The Causes of the Economic Crisis,” by Ludwig von Mises

Guest’s Twitter

@jrnewma1
@jtsale

Related Episodes

Ep. 419 Austrian Business Cycle Theory: Answering the Critics (David Howden)
Ep. 367 Murphy Takes on Krugman on Recessions, Business Cycles (Bob Murphy)
Ep. 118 Boom and Bust: The Cause (David Howden)
Ep. 16 Austrian Economics: Why It Matters

The Contra Cruise

Join us October 9-16 for an unforgettable week at sea!

Free Resources!

1) Free History Course: The U.S. Presidents — Politically Incorrect Edition. Get access to this 22-lesson course: 22 videos, 22 mp3 files for listening on the go, and a bibliography of reliable books on the presidents. Click here!

2) Free eBook on how to start your blog or website. Click here to get it. Plus, check out my step-by-step video taking you from no blog to a blog in about five minutes!

3) Free publicity for your blog. As a special thanks if you get your hosting through one of my affiliate links (this one for Bluehost, or this one for WP Engine), I’ll boost your blog. Click here for details.

4) $160 in Free Bonuses. Free signed copy of my New York Times bestseller The Politically Incorrect Guide to American History, plus a free 10-lesson bonus course on the foundations of liberty, plus a free year’s subscription to LibertyClassroom.com, when you subscribe to the Ron Paul Curriculum site through RonPaulHomeschool.com.

Is It Finally Time to
Leave Each Other Alone?

Get Tom’s eBook, National Divorce: The Peaceful Solution to Irreconcilable Differences, for FREE.