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Posts Tagged ‘Tom Woods’

War chestAccording to the Ludwig von Mises Institute’s 2012 IRS 501(c)(3) tax-exempt filing, it reported a total of $22,268,915 in assets.

We see then, how the promotion of Austrian economics is big business, and why its associates and founder, Lew Rockwell, are limited in what positions they will take on certain issues.

For example, Lew Rockwell and Tom Woods, if they even bother addressing it, still promote the official government conspiracy theory that 19 Arab-Muslim hijackers pulled off 9/11, despite the evidence put forward by some brave, but few, true anarcho-capitalists like Nathan Fraser of Live Free FM, or Onebornfree.

It is for this reason that Anthony Migchels, a true monetary reformer, pointed out that the Truth Movement was co-opted by the End the Fed movement, led prominently by Austrian School supporters, and that Tom Woods, specifically, has been at the forefront, in claiming to be anti-government, yet steering clear of truly controversial issues that would affect their lucrative business operations.

For those who still don’t realize the significance of an organization whose ideology is anti-government specifically seeking government recognition and regulation, let me explain it.

It’s not, as someone said in another thread, comparable to an individual American doing anything he or she can to reduce his/her taxes.

Unlike the Mises Institute, the average American taxpayer is being directly taxed whether they consent or not.

The Mises Institute, on the other hand, specifically entered into a voluntary agreement with the very government its founder said is “far worse than the mafia”.

Another excuse is the red herring of which of us hasn’t taken government services, which again, fails to recognize the distinction between the acceptance of goods and services provided by force and coercion, and voluntarily entering into a legally-binding contract with government, thereby accepting its authority.

Yet, I expect most defenders of the Mises Institute not to see any problems with this, which is a reason why the Austrian School will continue to serve as controlled opposition.

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From the October 7, 2013 Economic Policy Journal article, Is Bitcoin Money: What Economists Have To Say, Tom Woods said:

Tom Woods: Bitcoin is a medium of exchange but not money. This isn’t an insult to or a value judgment about Bitcoin. Austrians sometimes describe money as the most widely accepted medium of exchange in society. Clearly Bitcoin does not satisfy this requirement.

Mises, for his part, describes money as a medium of exchange in common use: “A medium of exchange which is commonly used as such is called money. The notion of money is vague, as its definition refers to the vague term ‘commonly used.’ There are borderline cases in which it cannot decided whether a medium of exchange is or is not ‘commonly’ used and should be called money.”

I don’t think Bitcoin is in common enough use to be called money.

Yet, only two weeks later, Tom Woods announced that Bitcoin would be accepted as payment for his Liberty Classroom courses.

What will you believe more? Tom Woods’ words, or his actions? — in actually accepting Bitcoin for payment of his goods and services two weeks later.

For more on Tom Woods’ ever-shifting position on Bitcoin, see my article, Tom Woods had no time for a Bitcoin conference, yet had time to misrepresent government-issued currencies.

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On the July 28, 2013 episode of Exposing Faux Capitalism with Jason Erb on Truth Frequency Radio, I interviewed George Whitehurst-Berry.

Hour 1: Interview with George Whitehurst Berry, host of Sedona Dreams on TFR every Saturday from 9 to 11 PM PST, challenging false frames in the alternative media, including “sound money” vs. “fiat money”, the false claim of Gaddafi being a “dictator”, and the germ theory of disease.

Hour 2: Wide-ranging discussion on money and Tom Woods says he didn’t have enough time to research Bitcoin because it “seemed too complicated” and he’s “a busy guy.”

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Tom Woods

Tom Woods

Anthony Migchels

Anthony Migchels

That is the question I have subsequent to my public and private offer to Tom Woods to moderate a debate between himself and Anthony Migchels of Real Currencies.

As I disclosed at the start of my March 31, 2013 interview with Anthony Migchels, Tom Woods didn’t accept, and the reasons weren’t because he was concerned I wasn’t a worthy moderator, or that Anthony Migchels wasn’t a worthy debater, or that he wasn’t available at the proposed time.

Tom Woods supports a debate between fellow Austrian School supporter Bob Murphy and Paul Krugman.

Just as Paul Krugman may not be interested in giving a platform to his critics in the Austrian School, perhaps Tom Woods is also not interested in giving a platform to a well-researched, voluntary, interest-free currency reformer such as Anthony Migchels.

For more on Tom Woods, see my articles:

Tom Woods responded to my comments on his article, The Greenbackers’ Fake Quote Industry and Austrian School supporter Tom Woods admits gold has no intrinsic value

For more on Anthony Migchels, see my most popular interview ever, with Anthony Migchels, about the elite origins of the Austrian School.

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Tom WoodsFrom Tom Woods’ April 15, 2013 article, The Greenbackers’ Fake Quote Industry, picked up by LewRockwell.com the following day, I made the following comments, to which Woods responded to:

Bill Still tried to get fake quotations removed from his documentary, The Money Masters, but the copyright holder wouldn’t allow it, for reasons we can only surmise. In 2011, he created this page dedicated to exposing false monetary quotations (http://s6.zetaboards.com/Bill_Still_Reforum/topic/1177385/1/) so it’s good to see that you’ve joined forces with a Greenbacker in the interests of intellectual honesty, Tom.

To which Woods responded:

I happily concede that this speaks well of Bill Still.

Then, I commented:

In 2009, I exposed the fake Jefferson quote you cited above (https://fauxcapitalist.com/2009/10/28/what-thomas-jefferson-said-about-private-banks/) after hearing it so many times and deciding to do my own research and conceding that it must be fake if the word “deflation” wasn’t even used in Jefferson’s time.

To which he responded:

Great. Now if only you could get the 167,000 people who keep propagating the fakes to visit your page, we’d be getting somewhere.

Then, I wrote:

Tom, while fake quotations are often cited by Greenbackers, there are also fake quotations cited by Austrian School adherents, such as this fake Aristotle quotation: “In effect, there is nothing inherently wrong with fiat money, provided we get perfect authority and god-like intelligence for kings.“ We can thank James Dines for propagating that one. I emailed him asking for his source, and he never responded.

To which he responded:

I have never heard of James Dines, and I cannot imagine any serious Austrian falling for such an obvious fake. With the Greenbackers, fake quotations are systematic and everywhere.

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Doug NewberryOn the January 27, 2013 episode of Exposing Faux Capitalism with Jason Erb, I interviewed fellow Oracle Broadcasting host, Doug Newberry, of Crisis of Reality in the first hour. We discussed the gun-grabbing agenda, the economy, and the nature of real money.

In the second hour, I discussed the adversarial system of presenting arguments, and covered the following articles:

Tom Woods had no time for a Bitcoin conference, yet had time to misrepresent government-issued currencies and “I don’t agree with Austrian economics.”

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speaking at CPAC in Washington D.C. on Februar...

Austrian School supporter Tom Woods apparently had no time to attend a 2012 Bitcoin conference, as this post reveals:

Here was Tom Woods’ response to an invitation to attend Bitcoin 2012:

“Dear [redacted] (if I may),

I am mortified at how long it’s taken me to get back to you. I am getting so much email these days I can’t possibly keep on top of it.

While I genuinely appreciate the invitation, I’ll have to decline. The whole Bitcoin issue is something I need to read about and give some thought to, and in the near future, with major projects and deadlines all over the place, I won’t be in the proper frame of mind to do so.

Cordially,
Tom Woods”

Yet he apparently had time to engage in a false gold standard dialectic, as I wrote about in my article, The Huffington Post-Tom Woods controlled opposition gold standard debate, and to misrepresent the record of government-issued currencies, as most recently demonstrated by his article, Why the Greenbackers are Wrong. I most recently discussed such misrepresentation in my appearance on Doug Newberry’s Crisis of Reality on January 24, 2013.

Even Lew Rockwell has gotten with the times and embraced donations to his website, through his secret paywall, with a privately-created currency not backed by some precious metal.

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