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

The media tells us that ‘deregulation’ and ‘unfettered free marketplaces’ have wrecked our economy and can continue to make things worse without a heavy dose of federal regulation. But the actual blame lies elsewhere. In Meltdown, bestselling author Thomas E. Woods, Jr., unearths the real causes in back of the collapse of casing values and the stock market-and it turns out the culprits reside even more in Washington than on Wall structure Street.

As well as the trillions of dollars in federal bailouts? Our politicians’ ham- about Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Authorities Bailouts CAN MAKE Things Worse handed attempts to fix the issues they themselves made will only make things very much worse.

Woods, a older fellow at the Ludwig von Mises Institute and champion of the 2006 Templeton Enterprise Honor, busts the media myths and federal government spin. He explains how government involvement in the economy-from the Democratic hobby equine called Fannie Mae to affirmative actions programs like the Community Redevelopment Act-actually caused the casing bubble.

Most important, Woods, writer of the brand new York Situations bestseller The Politically Incorrect Information to American Background, traces this latest boom-and-bust-and most such booms and busts of days gone by century-back to 1 of the very most revered federal government institutions of all: the Federal government Reserve System, which allows busybody bureaucrats and ambitious politicians to draw the strings of our financial sector and manipulate the value of the extremely money we use.

Meltdown, which includes a foreword by Congressman Ron Paul (R-Texas), also provides a well-timed background lesson to counter the current clamor for a fresh New Deal. THE FANTASTIC Depression, Woods shows, was just as deep and as long as it was due to the government interventions by Herbert Hoover (no free-market capitalist, despite what your high school background teacher may have taught you) and Franklin D. Roosevelt (no savior from the American economy, in spite of the actual mainstream media says). If you want to understand what caused the economic meltdown-and why none from the big-government solutions getting tried today will work-Meltdown explains it all.