A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse
Автор(и) : Thomas E. Woods, Jr.
Издател : Regnery Publishing, Inc.
Място на издаване : Washington, DC, USA
Година на издаване : 2009
ISBN : 978-1-59698-587-2
Брой страници : 194
Език : английски
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Offering the first free-market perspective on—and answers to—the financial calamity, Meltdown proves:
• How the government and the media created the myth that this crisis is so complicated that people should not question the government's response but leave it up to the ""experts.""
• That no amount of government regulation or ""brilliant"" politician can fix a broken system—a new system is the best solution.
• How politicians and the media refuse to talk about the role of the Federal Reserve in this crisis, but it is at the heart of the problem.
• The media has created the myth that we need a ""new New Deal"" to get out of this crisis.
• The cold truth that capitalism isn't the culprit—the government is.
If you want to understand what caused the financial meltdown—and why none of the current big-government solutions will work— Meltdown explains it all.
This is Congressman Paul's foreword to Thomas Woods' new book, Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse, a New York Times bestseller as of March 1.
Many Americans are looking to the new administration to solve our economic problems. Unfortunately, that is probably a vain hope. Although we were promised ""change,"" we are likely to get a continuation of the same superficial economic fixes that have damaged so many economies in the past, and that will only delay the return of prosperity.
These fixes are based on the false belief that the free-market economy has failed. But it is not the market that has failed. It is intervention into the market that has failed. The Federal Reserve and its manipulation of money and interest rates have failed. None of this can be blamed on the free market, but that isn't stopping newspaper columnists from doing so anyway.
Keynesian so-called economists, led by Paul Krugman, are vainly reaching into their usual bag of tricks to try to solve the problems of intervention with more intervention, and nothing is working. But they are persistent. They'll keep scrounging around in that bag all throughout the Obama administration. The slump will continue, since none of these tricks has the slightest thing to do with the underlying problems in the economy. All we'll have to show for them is an empty Keynesian bag and lot more unpayable debt.
Thomas E. Woods, Jr.
Thomas E. Woods, Jr., senior fellow in history at the Mises Institute, holds a bachelor's degree in history from Harvard and his master's, M.Phil., and Ph.D. from Columbia University.
His books include the New York Times bestseller The Politically Incorrect Guide to American History (Regnery), 33 Questions About American History You're Not Supposed to Ask, The Church and the Market: A Catholic Defense of the Free Economy (Lexington), and The Church Confronts Modernity: Catholic Intellectuals and the Progressive Era (Columbia University Press), as well as well as Who Killed the Constitution? The Fate of American Liberty from World War I to George W. Bush (July 2008) and We Who Dared to Say No to War: American Antiwar Writing From 1812 to Now (September 2008). He is also the editor of The Political Writings of Rufus Choate and of a 2003 edition of Orestes Brownson's 1875 classic The American Republic.
Woods's writing has appeared in dozens of popular and scholarly periodicals, including the American Historical Review, Christian Science Monitor, Investor's Business Daily, Modern Age, American Studies, Catholic Social Science Review, Journal of Markets & Morality, New Oxford Review, Catholic World Report, The Freeman, Independent Review, Religion & Liberty, Journal des Economistes et des Etudes Humaines, AD2000 (Australia), Christian Order (U.K.), and Human Rights Review. An editor of The Latin Mass magazine for 11 years, Woods is a contributing editor of The American Conservative and a member of the editorial advisory board of the Journal of Libertarian Studies. A contributor to six encyclopedias, Woods is co-editor of Exploring American History: From Colonial Times to 1877, an 11-volume encyclopedia.
Woods was the recipient of the 2004 O.P. Alford III Prize for Libertarian Scholarship and of an Olive W. Garvey Fellowship from the Independent Institute in 2003. He has also been awarded two Humane Studies Fellowships and a Claude R. Lambe Fellowship from the Institute for Humane Studies at George Mason University and a Richard M. Weaver Fellowship from the Intercollegiate Studies Institute. He also won the $50,000 first prize in the 2006 Templeton Enterprise Awards for his book The Church and the Market.
Личен сайт: http://www.tomwoods.com/