Meltdown

Meltdown

A Free-market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse

Book - 2009
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If you are fed up with Washington boondoggles, and you like the small-government, politically-incorrect thinking of Ron Paul, then you'll love Tom Woods's Meltdown. In clear, no-nonsense terms, Woods explains what led up to this economic crisis, who's really to blame, and why government bailouts won't work. Woods will reveal:
* Which brave few economists predicted the economic fallout--and why nobody listened
* What really caused the collapse
* Why the Fed--not taxpayers--should have to answer for the current economic crisis
* Why bailouts are band-aids that will only provide temporary relief and ultimately make things worse
* What we should do instead, to put our economy on a healthy path to recovery

With a foreword from Ron Paul, Meltdown is the free-market answer to the Fed-created economic crisis. As the new Obama administration inevitably calls for more regulations, Woods argues that the only way to rebuild our economy is by returning to the fundamentals of capitalism and letting the free market work
Publisher: Washington, DC : Regnery Pub. ; New York : Distributed to the trade by Perseus Distribution, c2009
Characteristics: xi, 194 p. ; 24 cm
ISBN: 1596985879
9781596985872
Call Number: 330.973 WOODS

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StarGladiator
Aug 22, 2015

This is one of those wackadoodle books written by a free-market-obsessed-true-believer, excepting there were no free markets, everything was rigged from the get-go. Author blames the Fed, which is simply doing what the member banks which own it want it to do. The blame lays squarely on those financial types who engineered or architected the bubble of all bubbles, the securitiztion/credit derivatives bubble, which we are still in. Greenspan of the Fed, along with Robert Rubin, Arthur Leavett, Larry Summers, the Group of 30 [representatives of the central bankers, which includes the aforementioned Larry Summers, plus Paul Krugman, et al.] and those bankster types who designed those economic-weapons-of-mass-destruction, and those financiers [like Warren Buffett, mr. forked tongue dude] who lobbied against any oversight against them! [Only small part of example of rigging: Markit, the company charged with rating credit derivatives, was financed by Goldman Sachs, JPMorgan Chase, Citigroup and Bank of America, the very same super-holders of those credit derivatives!]

a
atoz
Oct 10, 2011

This is the most clearly written book about economics and how economies work that I have ever come across. If you want to understand why the crash of 2008 happened and how future crashes may be prevented, read this book. If you want to understand basic economics, this book gives a really good and clear description.

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boomboom1978
Mar 16, 2011

I very much enjoyed this read. Makes me a little freaked out where the world is going though.

s
sanspeur
Feb 16, 2010

Just when you thought you were starting to have a clue about the economy.... A thought-provoking alternative view of the mostly-negative effects of government economic actions.

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