The meltdown wasn’t what you think

Good story on Marketwatch.com talking about the cause of the financial meltdown and credit crunch.

Everyone knows the crash of 2008 was caused by financial deregulation except Thomas E. Woods, who blames financial regulation, in the shape of the Federal Reserve.

Wood’s new book, “Meltdown: A Free Market Look At Why the Stock Market Collapsed, the Economy Tanked and Government Bailouts Will Make Things Worse” (Regnery), has just made it to the New York Times best-seller list without the benefit of any major reviews.

Woods is with the Ludwig von Mises Institute.  There’s a link to them in my blogroll on the right side of the page.  Highly recommended.

gk

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One Response

  1. You said what now? Bestseller-list for an austrian economy book? Whoa – there are some seriously interesting things happening right now….

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