#5586
Mentioned in 9 episodes

Meltdown

A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse
Book • 2009
In this book, Thomas E. Woods, Jr. challenges the common narrative that deregulation and free markets led to the 2008 financial crisis.

Instead, he argues that government interventions, such as those through Fannie Mae and the Community Redevelopment Act, were the primary causes of the housing bubble and subsequent market collapse.

Woods also critiques government bailouts, suggesting they exacerbate the problems rather than solve them.

The book provides a detailed explanation of Austrian business cycle theory and its application to the crisis, as well as a historical context comparing the government's response to the Great Depression.

Mentioned by

Mentioned in 9 episodes

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