Thomas E. Woods Jr., scholar at the Ludwig von Mises Institute and author of the new book Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse, discusses the economic and historical parallels between the Great Depression and the current economic crises, why the Austrian theory of the business cycle provides the only adequate explanation for both and why government attempts to ameilerate the effects of their intervention can only make matters worse.
Thomas E. Woods, senior fellow at the Ludwig von Mises Institute, discusses the evidence that contradicts Paul Krugmanâ€™s opinion that war is good for the economy, the renewed skepticism on the cause-and-effect relationship between WWII production and U.S. economic recovery, the stifling of private investment during the Depression due to erratic governmental interventions, the centrality of managerial intransigence to current Big-3 automaker woes and the debate on the benefits of a global division of labor.
Thomas E. Woods, Jr., co-editor of We Who Dared to Say No to War: American Antiwar Writing from 1812 to Now, discusses the persistence of pro-war propaganda over time, the remarkably similar arguments made to justify the War of 1812 and the current Iraq war, the curious case of pro-secessionist and abolitionist Lysander Spooner, the Wilsonian provocations that ensured U.S. entry into W.W.I, the importance of forming a left-right antiwar alliance to counter the bipartisan war party and the legacy of the Bush presidency being reflected in Obamaâ€™s cabinet appointments.
Thomas E. Woods, senior fellow at the Ludwig von Mises Institute and co-author of Who Killed the Constitution? and We Who Dared Say No to War, discusses America’s turn from republic to empire in the late 19th century, the conquest of Hawaii, the bogus propaganda of the War Party then and now, Grover Cleveland’s refusal to steal Cuba, the neoconservatives’ pretended reading of Article II which they say grants the president “plenary” war powers, the leading role of war in setting the precedents which render the constitution irrelevant, the horrible competing doctrines of “the living constitution” and “the president has more authority than God” held by liberals and conservatives, Christian support for the torture state and the Democrats’ complete failure to oppose John McCain and the GOP with any credibility.