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Liselotte

Norrk?pingSweden

12
HELPFUL VOTES
  • 1 reviews
  • 1 ratings
  • 1 titles in library
  • 0 purchased in 2014
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  • Meltdown: A Look at Why the Economy Tanked and Government Bailouts Will Make Things Worse

    • UNABRIDGED (6 hrs and 28 mins)
    • By Thomas E. Woods
    • Narrated By Alan Sklar
    Overall
    (361)
    Performance
    (104)
    Story
    (104)

    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, best-selling 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.

    Daniel Squires says: "Read this book!"
    "Awakening"
    Overall

    I have a masters in economics and thus see myself as knowing my fair share on the subject. I knew of Keynes, the Austrian school, the New Deal, the Japanese recession and about the gold standard before, but this book really gave me a theory I could accept as plausible.

    I read Paul Krugmans "The Return of Depression Economics" and compared to "Meltdown" Krugmans theory for a solution does just not hold as much weight as the Austrian theory. The worrying thing is that USA now seems to go for Krugmans "easy fix" (=illusion) instead of accepting the inconvenient truth.

    USA now seems to be in for another "lost decade" together with Japan and with its second one...

    13 of 17 people found this review helpful

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