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Robert

An retired entrepreneur and educator, who is having trouble staying retired.

Denver, NC United States | Member Since 2002

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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
    (376)
    Performance
    (117)
    Story
    (117)

    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!"
    "Good things to think about but a little political"
    Overall

    This is probably a good primer on Austrian School Economics is you are not familiar with it. It falls into the trap, like most books with political messages, of being a bit sarcastic and dismissive towards the arguments of the other side. I try to read each viewpoint and for the opposing one I would recommend "The Great Crash of 1929" by Galbraith, which also tends toward sarcasm.

    I believe the best point of this book is to give us a lot of questions to think about before we spend the equivalent of a warehouse full of 100-dollar bills that we do not have. While it may be too late for this bailout/stimulus we better think long and hard about the questions raised in this book before we do it again. This is a good introduction to the school of economics dismissed as "supply side" by the popular press but it falls short as an in-depth look at the very serious issues we face. If you want to know more a good next step is Sowell's "Applied Economics".

    2 of 2 people found this review helpful

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