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Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and the Government Bailout Will Make Things Worse
     

Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and the Government Bailout Will Make Things Worse

3.0 2
by Thomas E. Woods Jr., Alan Sklar (Narrated by)
 
The media tells us that "deregulation" and "unfettered free markets" have wrecked our economy and will continue to make things worse without a heavy dose of federal regulation. But the real blame lies elsewhere. In Meltdown, bestselling author Thomas E. Woods, Jr., unearths the real causes behind the collapse of housing values and the stock market—and it

Overview

The media tells us that "deregulation" and "unfettered free markets" have wrecked our economy and will continue to make things worse without a heavy dose of federal regulation. But the real blame lies elsewhere. In Meltdown, bestselling author Thomas E. Woods, Jr., unearths the real causes behind the collapse of housing values and the stock market—and it turns out the culprits reside more in Washington than on Wall Street.

And the trillions of dollars in federal bailouts? Our politicians' ham-handed attempts to fix the problems they themselves created will only make things much worse.

Woods, a senior fellow at the Ludwig von Mises Institute and winner of the 2006 Templeton Enterprise Award, busts the media myths and government spin. He explains how government intervention in the economy—from the Democratic hobby horse called Fannie Mae to affirmative action programs like the Community Redevelopment Act—actually caused the housing bubble.

Most important, Woods, author of the New York Times bestseller The Politically Incorrect Guide to American History, traces this most recent boom-and-bust—and all such booms and busts of the past century—back to one of the most revered government institutions of all: the Federal Reserve System, which allows busybody bureaucrats and ambitious politicians to pull the strings of our financial sector and manipulate the value of the very money we use.

Meltdown, which features a foreword by Congressman Ron Paul (R–Texas), also provides a timely history lesson to counter the current clamor for a new New Deal. The Great Depression, Woods demonstrates, was only as deep and as long as it was because of the government interventions by Herbert Hoover (no free-market capitalist, despite what your high school history teacher may have taught you) and Franklin D. Roosevelt (no savior of the American economy, in spite of what the mainstream media says). If you want to understand what caused the financial meltdown—and why none of the big-government solutions being tried today will work—Meltdown explains it all.

Product Details

ISBN-13:
9781400112098
Publisher:
Tantor Media, Inc.
Publication date:
03/02/2009
Edition description:
Unabridged, 5 CDs, 6 hours
Product dimensions:
5.50(w) x 6.50(h) x 1.10(d)

Meet the Author

Thomas E. Woods, Jr., is a senior fellow at the Ludwig von Mises Institute in Auburn, Alabama, and the author or coauthor of nine books, including the New York Time bestseller The Politically Incorrect Guide to American History.

Audie Award finalist Alan Sklar has narrated nearly two hundred audiobooks and has won several AudioFile Earphones Awards.

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Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and the Government Bailout Will Make Things Worse 3 out of 5 based on 0 ratings. 2 reviews.
Cuthbert More than 1 year ago
The only problem progressives will have with this book are the facts. Pesky facts. Usually from the mouths or pens of the progressives who caused the 1929-1946 depression. Excellent explanation of the Business Cycle postulated by the Austrian Economic school. Very readable. Read and see the future if the Fed continues to pump out fiat money and the present administration continues to spend without causing the creation of wealth.
YourBrotherBob More than 1 year ago
I thought this audiobook was going to be a scholarly approach to economic events of the last few years. There was a forward by Ron Paul. What was in the book was a very opinionated anti-intellectual disgrace. Shame on Ron Paul for this endorsement. Fox News broadcasts this type of foolishness for free everyday. No reason to pay money for this type of rant.