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Moving the blame for the recession from deregulation, unfettered free markets, and risky CDO investments that were then insured by the same Wall Street investors who sold them, Thomas E. Woods instead points the finger at Washington. Learn how government intervention, including the Community Redevelopment Act caused the housing bubble...and how all boom-and-bust cycles can be traced back to the Federal Reserve System. 194 pages, indexed, hardcover with dust jacket.
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