The Tom Woods Show Ep. 2474 The Venezuela Propaganda, with David Stockman
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Jan 9, 2026 David Stockman, a former U.S. congressman and budget director under Reagan, dives into Venezuela's complicated political narrative. He debunks myths around the 'narco-state' label, presenting evidence against interventionist claims. Stockman critiques the overestimation of Venezuelan oil reserves, explaining why they won't finance foreign occupation. He also examines Trump's foreign policy influences and warns against military interventions for protecting foreign assets. His insights challenge mainstream narratives and encourage a more nuanced understanding of U.S. involvement abroad.
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From Protester To One-Man Research Shop
- Stockman recounts his long public life from SDS protester to OMB director and ongoing engagement in public debate.
- He credits AI tools for scaling his one-man research operation to access vast data quickly.
Intervention Lacks Justification
- David Stockman says the raid on Venezuela's president was unjustified and based on threadbare excuses.
- He argues the operation reflects Washington's impulsive, irresponsible interventionism.
Narco-State Claim Is Overstated
- Stockman and Tom Woods argue Venezuela isn't a fentanyl-exporting narco state and contributes only a small share of U.S. cocaine via transshipment.
- They say using that claim to justify military intervention is nonsense tied to the failed war-on-drugs mindset.