You might try reading Thomas Woods’s new book “Meltdown”. It’s an easy read, it took me about 4 hours. It would have been less but I had to keep stopping and thinking “How come I didn’t realize that before?” It struck me as mostly accurate, which makes me wonder about mainstream economists’ attacks on Austrian economics. I am definitely going to be reading more Austrian economics. Woods is an historian rather than an economist, but the core of the book is that gov’t meddling in the money supply causes the business cycle—that the Federal Reserve caused the current crash by inflating the bubbles with cheap (below market) credit.
You might try reading Thomas Woods’s new book “Meltdown”. It’s an easy read, it took me about 4 hours. It would have been less but I had to keep stopping and thinking “How come I didn’t realize that before?” It struck me as mostly accurate, which makes me wonder about mainstream economists’ attacks on Austrian economics. I am definitely going to be reading more Austrian economics. Woods is an historian rather than an economist, but the core of the book is that gov’t meddling in the money supply causes the business cycle—that the Federal Reserve caused the current crash by inflating the bubbles with cheap (below market) credit.