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Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse Hardcover – February 9, 2009

by Thomas E. Woods (Author),‎ Ron Paul (Foreword)

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If you are fed up with Washington boondoggles, and you like the small-government, politically-incorrect thinking of Ron Paul, then you'll love Tom Woods's Meltdown. In clear, no-nonsense terms, Woods explains what led up to this economic crisis, who's really to blame, and why government bailouts won't work. Woods will reveal:
* Which brave few economists predicted the economic fallout--and why nobody listened
* What really caused the collapse
* Why the Fed--not taxpayers--should have to answer for the current economic crisis
* Why bailouts are band-aids that will only provide temporary relief and ultimately make things worse
* What we should do instead, to put our economy on a healthy path to recovery

With a foreword from Ron Paul, Meltdown is the free-market answer to the Fed-created economic crisis. As the new Obama administration inevitably calls for more regulations, Woods argues that the only way to rebuild our economy is by returning to the fundamentals of capitalism and letting the free market work

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

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[Audio Review] Here, Woods offers a decidedly free-market, conservative approach to the worldwide financial collapse of 2008 09. He explains his take on what led up to the current economic crisis, who's really to blame (namely, the Federal Reserve System), and why government bailouts won't work. Woods's views will appeal to listeners concerned about how the financial crisis impacts them as well as to business leaders and investors wishing to be more enlightened about the crisis. Two-time Audie Award nominee Alan Sklar's (see Behind the Mike, LJ 3/1/09) solid, steady reading helps sustain interest. Dale Farris, Groves, TX --Library Journal --This text refers to an out of print or unavailable edition of this title.

From the Inside Flap

Is Capitalism the Culprit?

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, bestselling 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 bestseller 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 busy-body bureaucrats and ambitious politicians to pull the strings of our financial sector and manipulate the value of the very money we use.

Meltdown 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 financial meltdown--and why none of the big-government solutions being tried today will work--Meltdown explains it all.

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Product details

Hardcover: 194 pages
Publisher: Regnery Publishing; 1 edition (February 9, 2009)
Language: English
ISBN-10: 1596985879
ISBN-13: 978-1596985872
Product Dimensions: 6.5 x 1 x 9.2 inches
Shipping Weight: 12 ounces (View shipping rates and policies)
Average Customer Review: 1,021 customer reviews
Amazon Best Sellers Rank: #106,930 in Books (See Top 100 in Books)
- #45 in Books > Business & Money > Processes & Infrastructure > Government & Business
- #63 in Books > Business & Money > Economics > Free Enterprise
- #235 in Books > Business & Money > Economics > Economic Conditions

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I recently purchased moved next to some deep woods and would have almost daily visitors passing through in the form of spiders, centipedes and palmettos! Upon using these, I immediately noticed that the patio and porch were bug free. It was amazing. I have had them for a month or so and I hardly ever see a bug in the house. The few palmettos that I did see seemed disoriented and drunk. These things work great and our Yorkie is not affected by them.

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Ants. Quite a lot of them. Now gone. Brilliant.

June 26, 2017

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Well, that's a surprise. I know of no scientific rationale behind this product; I no of know proper tests done on it (or other similar one). But it works. No, really, it does.

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If you have an ant problem I strongly suggest you give this a try. It worked for us. I don't know how it works with mice, bats, overstaying guests etc, but ants don't like it and stay away. Long may it last.

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This is brilliant - such a simple and effective solution to pesky bugs. It definitely seems to work as I've noticed far fewer bugs flying about than usual. There is of course the occasional bug or two but even they seem a little agitated and do tend to just find their way out. I noticed one fly just flying into the window several times before realising it needed to go through the opening. I keep one on in the living room, one in the kitchen and other units in bedrooms and utility room. Overall, I'm really pleased.

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Great Product!

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Once in a great while a history comes along that eclipses all others for the near future. And no, I am not Orlando Figes. This book has the passion and the pathos, the humor and the humanity. I guess that this is what they call literature. My only critique is the sheer weight of the volume and its mind numbingly tiny text. Couldn't this be reissued as an e-book?

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