MsSmartiePants the candy...'s Reviews > Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and the Government Bailout Will Make Things Worse

Meltdown by Thomas E. Woods Jr.
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's review
May 18, 2009

it was amazing
Recommended for: critical thinkers
Read in May, 2009

Hmmmmm, a tough book....tough on reality of what happened in the financial world precipitating this current economic mess. Waaaaaay back in 1913, The Fed was created......but the book begins with current events and weaves historic government actions which have impacted economies all over the world adversely. Compares Keynesian and Meisian (sp?) economic theories proposing damaging results from government interference (the Keynesian's) and potential benefits of true free market (Meisian) consequences for poor business decisions. Written in a manner which makes the complex understandable.

Surprise ending!!! It's not just a contest between two schools of economic thought and the politics accompanying them. There are actually suggestions for dealing with these issues and considering the radical idea of a completely FREE monetary system. The premise is based upon FREEDOM of choice in negotiating transactions with minimal govt. involvement and, of course, abolishment of The Fed. Wow. Never thought I would be considering this idea. It doesn't mean I'm supporting it, I am just using the idea to think outside the box.

Definitely worth reading twice!

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05/24/2016 marked as: read

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