Meltdown
The Classic Free-Market Analysis of the 2008 Financial Crisis
by:
Thomas E. Woods
in:
Economics
Summary:
The book presents a libertarian perspective on the 2008 financial crisis, arguing that government intervention and central banking policies, rather than unregulated markets, were the primary causes of the economic meltdown. It critiques the actions of the Federal Reserve and other regulatory agencies, suggesting that free-market principles could have prevented the crisis or lessened its severity.
Key points:
1. Government's Role: Woods blames the 2008 crisis on the Federal Reserve's interest rate policies and money supply expansion, claiming they led to a false economic boom and a crash by distorting market signals and promoting risky investments.
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