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Ep. 2153 Dumb Excuses for the Fed

The Tom Woods Show

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What We Need Is a Programme Which Does Not Spare the Susceptibilities of the Mighty, and Which Is Not Too Slightly Practical

hyak: We need intellectual leaders who are willing to work for an ideal, however small may be the prospect of its early realization. Those who have concerned themselves exclusively with what seemed practicable in the existing state of opinion have constantly found that even this had rapidly become politically impossible. The left got all kinds of things that would have seemed hopeless a generation earlier passed and made part of normal america life by discussing them almost obcessively. And so when we think about those timid free market economists who supported various aspects of the wall street bail outs after two thousand eight on the grounds that this particular measure was the best of the politically viable options, well, maybe other options would have been politically viable if

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