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Bezig met laden... Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worsedoor Thomas E. Woods Jr.
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Meld je aan bij LibraryThing om erachter te komen of je dit boek goed zult vinden. Op dit moment geen Discussie gesprekken over dit boek. The information is solid but poorly laid out for my taste. This is not to say Meltdown is a bad book. It may be perfectly written for the tastes of another reader. I found sentences unnecessarily long and quotations left without explanation. The odds are you will learn something new if you read this book. That said, I learned more from Woods regarding the money supply than as an undergraduate taking a single elective, economics course. Don't expect this author to hurl the blame for the nation's fiscal woes in the direction of any one political faction. Woods makes a compelling argument that there is more than enough blame to go around. The premise of this work is that government intervention -- not deregulation -- causes economic chaos. While the book's review of economic theory and monetary policy becomes necessarily dry in spots, it's highly educational. Woods makes a Herculean effort to simplify some incredibly complex issues. He lays out the tenets of Austrian Economics, then explores some of the historic economic crises the nation has weathered. The housing bubble, Woods asserts, was the result of government entities and private sector players pushing people to buy homes who simply didn't have the financial instrastructure to sustain ownership. He also argues that cheap money (artifically depressed interest rates) lures people into speculative ventures who do not belong in this arena. The author even argues that some of the New Deal policies advanced in response to the Great Depression actually prolonged the economic pain. It takes some patience and discpline to make it through "Meltdown," but the journey is worth the effort. Wow! No doubt in my mind that all herein is correct but then, I've been part of the choir for some time. The material is presented simply (which is good, right?) and the conclusions should flow like lava across the Fed's printing presses already! I have to admit, however, that I'm not left uplifted after having finished the book, the obvious next steps each seem a pill the size of an elephant and my fellow humans are risk averse and, frankly, quite a few of us are relatively comfortable in our part of the economic bell-curve trying to grasp the opportunities that present themselves right now - if not, are you a teacher? geen besprekingen | voeg een bespreking toe
Woods explains how government intervention in the economy actually caused the housing bubble. Geen bibliotheekbeschrijvingen gevonden. |
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Google Books — Bezig met laden... GenresDewey Decimale Classificatie (DDC)338.542Social sciences Economics Production Microeconomics Fluctuations Business CyclesLC-classificatieWaarderingGemiddelde:
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