Thomas Woods Quotes

#1. Nullification is the Jeffersonian idea that the states of the American Union must judge the constitutionality of the acts of their agent, the federal government, since no impartial arbiter between them exists.

Thomas Woods

#2. There are only two (major) parties today: The Stupid Party and The Evil Party. Once in a while the two parties get together to do something that is both stupid and evil, and that's called Bipartisanship.

Thomas Woods

#3. Keynesians think that you can take water from the deep end of the swimming, pump it into the shallow end of the swimming pool and somehow the water level of the swimming pool will rise.

Thomas Woods

#4. Public protests against globalization - protests that occur by and large in the prosperous West - denounce free trade and the mobility of capital as instruments of exploitation and oppression.

Thomas Woods

#5. Government has a habit of blaming the private sector for its own failings while taking credit for advances we in fact owe to the private sector.

Thomas Woods

#6. The power to regulate the value of money does not involve a power to dilute the value of money by inflation, an absurd and self-serving rendering.

Thomas Woods

#7. That human beings seek their own well-being and that of those close to them is not an especially provocative discovery. What is important is that this universal aspect of human nature persists no matter what economic system is in place; it merely expresses itself in different forms.

Thomas Woods

#8. Understanding the true causes of the Depression, as well as the real economic record of the United States in the 1930s, is an essential ingredient in anyone's economic and historical education.

Thomas Woods

#9. If the Tenth Amendment were still taken seriously, most of the federal government's present activities would not exist. That's why no one in Washington ever mentions it.

Thomas Woods

#10. Communism brought out the worst in human nature and crippled people's ability or ambition to participate in a market economy.

Thomas Woods

#11. The Emergency Banking Act reached back in time to amend the Trading with the Enemy Act of 1917, which had originally been intended to criminalize economic intercourse between American citizens and declared enemies of the United States.

Thomas Woods