First published 2009
The 2008 financial crisis devastated the American economy, but Tom Woods argues that Washington got both the diagnosis and the cure completely wrong. Woods traces the real origins of the economic meltdown, pointing to Federal Reserve policies rather than free market failures. He identifies the small group of economists who saw the disaster coming while their mainstream colleagues remained oblivious. Woods systematically dismantles the case for government bailouts, arguing these interventions will only delay recovery and create worse problems down the road. Instead of more regulations and spending, he advocates returning to genuine free market principles. The book serves as a blueprint for readers who want to understand what actually caused the crisis and how true capitalist solutions could restore economic health. Woods offers a politically incorrect analysis that challenges both Republican and Democratic orthodoxy about financial policy.
Genres: history, political-science, politics, economics, non-fiction, finance
Vibes: thought-provoking
Tropes: politically-incorrect
Period: 2008
194 pages · Hardcover · Regnery Publishing