Meltdown

  • by Thomas E. Woods
  • Narrated by Alan Sklar
  • 6 hrs and 28 mins
  • Unabridged Audiobook

Publisher's Summary

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. And the trillions of dollars in federal bailouts? Our politicians' ham-handed attempts to fix the problems they themselves created will only make things much worse. Woods, a senior fellow at the Ludwig von Mises Institute and winner of the 2006 Templeton Enterprise Award, busts the media myths and government spin. He explains how government intervention in the economy---from the Democratic hobby horse called Fannie Mae to affirmative action programs like the Community Redevelopment Act---actually caused the housing bubble. Most important, Woods, author of the New York Times best seller The Politically Incorrect Guide to American History, traces this most recent boom-and-bust---and all such booms and busts of the past century---back to one of the most revered government institutions of all: the Federal Reserve System, which allows busybody bureaucrats and ambitious politicians to pull the strings of our financial sector and manipulate the value of the very money we use. Meltdown, which features a foreword by Congressman Ron Paul (R - Texas), also provides a timely history lesson to counter the current clamor for a new New Deal. The Great Depression, Woods demonstrates, was only as deep and as long as it was because of the government interventions by Herbert Hoover (no free-market capitalist, despite what your high-school history teacher may have taught you) and Franklin D. Roosevelt (no savior of the American economy, in spite of what the mainstream media says). If you want to understand what caused the fi...

More

What the Critics Say

"Provocative, well-written, and deserves to be read." (Catholic Historical Review)
"Well written, well researched, and the thesis put forth is well argued." (Journal of American History)

More

See More Like This

Customer Reviews

Most Helpful

Read this book!

Forget about 'derivatives' and the other esoteric culprits for the economic collapse of 2008-2009. The real reason is much simpler than that and Woods skillfully explains why. Woods is an historian who delivers a compelling narrative that hearing, you just know he would have been one of your favorite teachers if you had been in his class.
I was so impressed by it that I have bought and given out many copies of this book. Read it. Highest reviews.
Read full review

- Daniel Squires

A layman's opinion

I liked how this book revealed the feds involvement. I thought it was going to be more inflammatory regarding the party politics; putting responsibility on one and ignoring the others. Thankfully it was not.

Do not buy this to hear how the republicans got us in this mess and the democrats are the ones to save us. It will take a new way of thinking from everyone involved to get out of this and as partisan as politics are today I am not sure the ppl currently serving us are up for the job.

As far as the tone of the narrator goes: I would not have been able to make it through the text version of an economics book but I really liked how the narrator handled himself. After the book I went to thomasewoods.com and listened to the author himself, I believe the sarcasm was intended. Just a normal reading of the book would have not been able to get the same message across.

now i hope we can get "The United States Constitution" in an audio book
Read full review

- Raymond

Book Details

  • Release Date: 03-03-2009
  • Publisher: Tantor Audio