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

ISBN-10: 1596985879

ISBN-13: 9781596985872

Edition: 2009

List price: $27.95 Buy it from $1.79
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Description:

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 busy-body bureaucrats and ambitious politicians to pull the strings of our financial sector and manipulate the value of the very money we use. Meltdown 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.
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Book details

List price: $27.95
Copyright year: 2009
Publisher: Regnery Publishing, Incorporated, An Eagle Publishing Company
Publication date: 2/9/2009
Binding: Hardcover
Pages: 194
Size: 6.50" wide x 9.25" long x 1.00" tall
Weight: 1.078
Language: English

Thomas E. Woods Jr. was born on August 1, 1972. He holds a BA degree in history from Harvard and his masters and PhD from Columbia University. He served as a history department faculty member at Suffolk County Community College in N.Y. until 2006 then moved on to resident scholar and senior faculty member of Ludwig Von Misses Institute in Alabama. He is a N.Y. Times bestselling author of 10 books such as Meltdown: A Free Market Look at Why the Stock Market Collapsed, The Economy Tanked and Government Bailout Will Make Things Worse and Nullification: How to resist Federal Tyranny in the 21st Century. He has also written for several scholarly periodicals such as Historical Review and Investors Daily. He won the $50, 000 first prize in the Templeton Enterprise Awards for 2006 for his book The Church and The Market. He has been the associate editor for the Latin Mass magazine for 11 years. He has also appeared on MSNBC's Scarborough County and Bloomberg Television.

Ron Paul was born in Pittsburgh, Pennsylvania on August 20, 1935. He received a B.S. degree in biology from Gettysburg College in 1957 and a M.D. degree from the Duke University School of Medicine in 1961. He served as a flight surgeon in the United States Air Force from 1963 to 1965 and then the United States Air National Guard from 1965 to 1968. Afterward, he opened a private practice in obstetrics and gynecology in Texas. He served in the United States Congress from 1976 to 1984, and again from 1996 to the present. He has devoted his political career to the defense of individual liberty, sound money, and a non-interventionist foreign policy. He is the founder of the advocacy group Campaign for Liberty and has been called the "intellectual grandfather" of the Tea Party movement. He has written several books including The Case for Gold, The Revolution: A Manifesto, End the Fed, and Liberty Defined: 50 Essential Issues That Affect Our Freedom.

Foreword
The Elephant In The Living Room
How Government Created The Housing Bubble
The Great Wall Street Bailout
How Government Causes The Boom-Bust Business Cycle
Great Myths About The Great Depression
Money
What Now?
Acknowledgments
Appendix: Further Reading
Notes
Index
About The Author
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