Review of “Meltdown” by Thomas E. Woods Jr.

Tom-Woods-meltdown

The book Meltdown by Thomas E. Woods Jr. contains an explanation of the problems in the American economy in the recent past and the government’s attempts to fix them. It shows how bailouts, stimulus packages, and control of the interest rate and money supply through the Federal Reserve only increases the severity and length of the economy’s problems. For example, it gives a clear explanation of how the government, through the Community Reinvestment Act, forced banks to make mortgage loans to potential home buyers who were bad risks and did not have the income or qualifications to repay the mortgage. … Continue reading