Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and the Government Bailout [NOOK Book]

Overview

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 ...
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Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and the Government Bailout

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Overview

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
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Product Details

  • ISBN-13: 9781596981065
  • Publisher: Regnery Publishing, Inc., An Eagle Publishing Company
  • Publication date: 2/9/2009
  • Sold by: Barnes & Noble
  • Format: eBook
  • Pages: 194
  • Sales rank: 652,913
  • File size: 276 KB

Meet the Author

Thomas E. Woods Jr. is a senior fellow at the Ludwig von Mises Institute in Auburn, Alabama. He is the author of nine books, including Who Killed the Constitution?: The Fate of American Liberty from World War I to George W. Bush (with Kevin R. C. Gutzman) and the New York Time bestseller The Politically Incorrect Guide to American History. Woods won the $50,000 first prize in the 2006 Templeton Enterprise Awards for The Church and the Market: A Catholic Defense of the Free Economy. Woods edited and wrote the introduction to four additional books, including Murray N. Rothbard's The Betrayal of the American Right and We Who Dared to Say No to War: American Antiwar Writing from 1812 to Now (with Murray Polner). He is also the author of Beyond Distributism, part of the Acton Institute's Christian Social Thought Series. Woods lives in Auburn, Alabama, with his wife and three daughters, and maintains a website at ThomasEWoods.com.
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Table of Contents

Foreword Ron Paul Paul, Ron

Ch. 1 The Elephant in the Living Room 1

Ch. 2 How Government Created the Housing Bubble 11

Ch. 3 The Great Wall Street Bailout 37

Ch. 4 How Government Causes the Boom-Bust Business Cycle 63

Ch. 5 Great Myths About the Great Depression 87

Ch. 6 Money 109

Ch. 7 What Now? 141

Acknowledgments 159

App Further Reading 161

Notes 165

Index 183

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Customer Reviews

Average Rating 4.5
( 36 )
Rating Distribution

5 Star

(24)

4 Star

(5)

3 Star

(3)

2 Star

(3)

1 Star

(1)

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See All Sort by: Showing 1 – 20 of 36 Customer Reviews
  • Posted April 13, 2009

    more from this reviewer

    I Also Recommend:

    A must read for current times!

    Thomas Woods has reduced the function and misunderstanding of economics into a compelling read. This is a must read book for all regardless of your personal political philosophy. It is not written in economist language, but still with precision to enlighten the readers.

    10 out of 10 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Posted May 2, 2009

    Meltdown

    Anyone who cares about our country should read this book and then start a "thought" revolution in their neighborhood and with their friends and family. This country was started long, long ago by folks who wanted religious freedom. They paid the price, we've enjoyed it but have forgotten where we came from. In simple terms, The War for Independence was fought because of a despostic king. We now have three despotic, out-of-control branches...Congress, Executive and Judiciary. They run roughshod over the Constitution. We, the people, have the Constitutional right to change the government when it no longer serves our needs and tramples our rights. It's time for a REVOLUTION. It's time to FIRE THEM ALL AND START OVER. Get rid of the Federal Reserve. Re-establish credit, monetary value and interest rates that mean something. This book goes to the heart of that revolutionary idea.

    5 out of 5 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Posted March 10, 2009

    more from this reviewer

    I Also Recommend:

    I want to THROW UP after reading this

    This book made me sick! But it's not because it was poorly written or because it was a horror book- I wanted to throw up because I'm finally learning what is going on with our economy and government! And it's sickening. Everyone needs to pick up a copy of this! From inflation to bailouts, the higher ups are ruining us and most of us don't even know it's going on- buy this book, then give it to a friend, then buy another- You'll thank me for it!

    5 out of 6 people found this review helpful.

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  • Posted February 26, 2009

    more from this reviewer

    I Also Recommend:

    If you want to know what's going on....

    This book is the first step to realizing what has and is going wrong with our economy. It helps to understand why government has always snagged the economy, and if we do not heed the warnings of this book, we are doomed to repeat history. Very sobering book, with good research and facts.

    5 out of 6 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Posted January 23, 2010

    more from this reviewer

    I Also Recommend:

    this book talk about the biggest financial crisis since the great depression with big government spenting on bailout gm, chrysler, freddie and fannie and big banks and the future of america.

    a good financial book that talk about the future of america.

    3 out of 3 people found this review helpful.

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  • Posted July 15, 2009

    Misleading

    1. The Community Redevelopment Act is not solely to blame for the housing bubble. Lenders such as Countywide and others VOLUNTARILY lent FAR BEYOND any governmental decree. Why? Because there was no link between loan and loan repayment due to the bundling of loans into mortgaged back securities. This encouraged a FLOOD a loans, where the money was made on the fees charged PER LOAN, not their repayment. Lenders cared little if they were ever repaid. This was NOT caused by government edict, but by unregulated greed.
    Bottom line, the avarice associated with loan origination fees and the disconnect between originating loans and their repayment went FAR, FAR beyond any requirements of the Community Redevelopment Act.

    2. The data does not support the idea that federal spending exacerbated the Great Depression. When FDR decided to cut back on federal spending, the economy actually WORSENED and did not improve until spending was again increased. That is just reality. Sorry.

    3 out of 15 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Posted July 4, 2009

    I Also Recommend:

    FANTASTIC!!

    A must read for those who share in the idea of life, liberty, and the pursuit of happiness.

    3 out of 3 people found this review helpful.

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  • Posted June 19, 2009

    Awesome Book

    A MUST read. I enjoy an author who attacks BOTH political parties and the FED as well. VERY interesting perspective on the gold standard as well. There's nothing more interesting than normative economic statements from somebody who's actually done the research. Do I agree with everything? No, but that doesn't take away from this book.

    2 out of 2 people found this review helpful.

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  • Anonymous

    Posted September 5, 2009

    Meltdown

    Fantastic and to the point.It was esay reading and not too long.The author make it simple to understand a difficult concept.It was very relevant to the current crises in the country and how we got there.

    1 out of 1 people found this review helpful.

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  • Posted April 7, 2009

    Meltdown Provides a Real Education and Makes You Think

    For anyone who wants to learn more about why we are in the current economic mess, Meltdown provides some wonderful information. If you have not heard of the Austrian School of Economics, you will find it is very relevant to the current situation. Don't take the pablum from the mainstream press and politicians, read this book to really understand the situation.

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted January 28, 2012

    Great overview

    Great overview and excellent launchpad for further study.

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    Posted February 10, 2009

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    Posted April 20, 2009

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    Posted March 13, 2009

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    Posted April 27, 2009

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    Posted June 29, 2009

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    Posted June 14, 2010

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See All Sort by: Showing 1 – 20 of 36 Customer Reviews

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