Friday, December 9, 2011

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

By: Thomas Woods

This book is an excellent read for any TRULY interested in the money issues this country has experienced as well as the ones we are heading straight for.  Mr. Woods details the the first money, how it came to be, how it was monopolized, and eventually, and more important today, how it is manipulated to enrich some.

Woods explains the Austrian School of economics as well as the failed Keynesian School of Economics. He introduces you to the champion of Austrian Economics, Ludwig Von Mises as well as Hayek and Rothbard.

If you are looking for book that pins the current economics debacle on the Democrats or the Republicans, move on!  This book shows you how both parties are to blame and how the fiat currency is destroying our economy.

It explains in detail the "Boom/Bust" cycle caused by the Federal Reserve and uses the Von Mises analogy of the bricklayer building a house without knowing how many bricks he has in total.  When the bricklayer runs out of bricks and the house is not even close to completion, all the materials and services put into that project are lost.

I HIGHLY recommend this book.  This is written in a way that the layperson will fully understand the economics of this and other countries.

Hardcover: 194 pages
Publisher: Regnery Publishing; 1 edition (February 9, 2009)
Language: English
ISBN-10: 1596985879
ISBN-13: 978-1596985872

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