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

Is Capitalism the Culprit? The media tells us that deregulation andunfettered free markets have wrecked our economy and will continue tomake things worse without a heavy dose of federal regulation. But thereal blame lies elsewhere. In Meltdown, bestselling authorThomas E. Woods Jr. unearths the real causes behind the collapse ofhousing values and the stock market--and it turns out the culpritsreside more in Washington than on Wall Street.And the trillions ofdollars in federal bailouts? Our politicians ham-handed attempts tofix the problems they themselves created will only make things muchworse.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 ofthe past century--back to one of the most revered governmentinstitutions of all: the Federal Reserve System, which allows busy-bodybureaucrats and ambitious politicians to pull the strings of ourfinancial 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 newNew Deal. The Great Depression, Woods demonstrates, was only as deepand as long as it was because of the government interventions byHerbert Hoover (no free-market capitalist, despite what your highschool history teacher may have taught you) and Franklin D. Roosevelt(no savior of the American economy, in spite of what the mainstreammedia says). If you want to understand what caused the financialmeltdown--and why none of the big-government solutions being triedtoday will work--Meltdown explains it all. Publisher: Regnery Publishing Author: Thomas E Woods Jr Format: 194 pages, hardcover ISBN: 9781596985872Read More