Meltdown – (Thomas Woods Jr.)
A pretty damn good analysis of why we are in the shitter. It’s ‘cuz of regulation, duh! What’s not to see?! Woods Jr.’s standpoint is of the laissez faire Austrian economics variety, a view which always had me subconsciously thinking laissez faire is a gateway to consumer capitalism. But hold on…Woods Jr. instead makes a valid point in saying that we can’t spend our way out of a recession. He encourages saving. His argument, though quite repetitive, must be evaluated by everyone who thinks they know what is going on. Fed Reserve Chairman Ben Bernanke needs to read this book! Woods Jr. got me shouting “End the Fed” at various points throughout. The book also acts as a nice little lesson in Austrian economics.
Grade: 9.0 out of 10