Meltdown- Thomas Woods

MELTDOWN

MELTDOWN

A Free-Market Look at Why the Stock Market Collapsed,

the Economy Tanked, and Government Bailouts

Will Make Things Worse

THOMAS E. WOODS JR.

III

Since 1947

REGNERY

PUBLISHING, INC.

An Eagle Publishing Company • Washington, DC

Copyright © 2009 by Thomas E. Woods Jr.

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ISBN 978-1-59698-587-2

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To Murray N. Rothbard (1926-1995) and Ron Paul,

who told the truth

Contents

FOREWORD BY CONGRESSMAN RON PAUL

Chapter 1:

Chapter 2:

ix

TH E ELEPHANT IN TH E LIVI NG ROOM

1

HOW GOVERNMENT CREATED

THE HOUSING BUBBLE

"

Chapter 3:

THE GREAT WALL STREET BAILOUT

Chapter 4:

11

HOW GOVERNMENT CAUSES THE

BOOM-BUST BUSINESS CYCLE

Chapter 5:

37

,

63

GREAT MYTHS ABOUT THE

GREAT DEPRESSION

Chapter 6:

MONEY

Chapter 7:

, . ,

,.,.,

WHAT NOW? , . , . ,

ACKNOWLEDGMENTS

,

, . ,

,

APPENDIX: FURTHER READING

NOTES

,

87

, .109...