Woods Gets It Very Right About the Fed

Historian and author of Meltdown, Tom Woods recently appeared on Judge Andrew Napolitano's television show Freedom Watch. Woods gives a brief but powerful history lesson while refuting conventional wisdom about the beneficence of the Federal Reserve. It had to be the best, most educational four minutes and seventeen seconds on television last Tuesday. Woods is especially good at the end making Mises' point that sound money is even more important for maintaining a free society than any written constitution.