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Tom Woods' 'Meltdown' #16 in NYT Non-Fiction Best Sellers

Update: I just got word from Tom that Meltdown is officially a New York Times bestseller! It will debut on the March 1 at #16 (tied for #15) in hardcover nonfiction. Woo hoo!

And, it currently occupies spot #5 on Amazon's Nonfiction List!

From the inside flap: The media tells us that "deregulation" and "unfettered free markets" have wrecked our economy and will continue to make things worse without a heavy dose of federal regulation. But the real blame lies elsewhere. In Meltdown, bestselling author Thomas E. Woods Jr. unearths the real causes behind the collapse of housing values and the stock market--and it turns out the culprits reside more in Washington than on Wall Street.

And the trillions of dollars in federal bailouts? Our politicians' ham-handed attempts to fix the problems they themselves created will only make things much worse.

Woods, a senior fellow at the Ludwig von Mises Institute and winner of the 2006 Templeton Enterprise Award, busts the media myths and government spin. He explains how government intervention in the economy--from the Democratic hobby horse called Fannie Mae to affirmative action programs like the Community Redevelopment Act--actually caused the housing bubble.

Most important, Woods, author of the New York Times bestseller The Politically Incorrect Guide to American History, traces this most recent boom-and-bust--and all such booms and busts of the past century--back to one of the most revered government institutions of all: the Federal Reserve System, which allows busy-body bureaucrats and ambitious politicians to pull the strings of our financial sector and manipulate the value of the very money we use.

Meltdown also provides a timely history lesson to counter the current clamor for a new New Deal. The Great Depression, Woods demonstrates, was only as deep and as long as it was because of the government interventions by Herbert Hoover (no free-market capitalist, despite what your high school history teacher may have taught you) and Franklin D. Roosevelt (no savior of the American economy, in spite of what the mainstream media says). If you want to understand what caused the financial meltdown--and why none of the big-government solutions being tried today will work--Meltdown explains it all.




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ytc's picture

MP3 collection of Tom Woods' interviews

Can somebody post a MP3 collection of Tom Woods' interviews on this book?

I found a couple on other sites, which didn't play at correct speed for me. I couldn't tell if it was the problem with my old on-the-road lap top or the way it was posted. When a list of archived "good" recordings appear here, I will be able to figure out if it's time for me to purchase a new lap top :-)

Thanks.
-y

Meltdown

My copy arrived yesterday. When I am done with it my friends will get a crack at it, unless I can convince them to buy their own!

Gainesville, FL

I will buy...

I will be buying 16 copies for every household in my family!

Picked up my copy Friday

Looking forward to digging in. Tom Woods is awesome.

http://tikilounge.blogspot.com

For our MN people

Brought to you by

MNLG.ORG

The Economics of Freedom Conference
February 28
12:30 – 5 PM

Reserve your seat NOW, space is limited! Send payment of $20 per person to Minnesota Campaign for Liberty, PO Box 64, Excelsior MN 55331 by February 21, and include the names of all attendees and which breakout session is preferred. Payment of $25 may be made at the door if seats are still available.

Credit card payments may be made at www.MNC4L.org for $20 through February 21 or $25 through February 26. Specify attendee(s) name(s) and breakout session preference with your PayPal payment.

Use the PayPal feature at www.mnc4l.org to add the Kiddie Conference and or childcare to your Economics of Freedom reservation. Space is limited to 20 children total.

Minnetonka Marriott
5801 Opus Parkway
Minnetonka, Minnesota 55343

Featuring:
Thomas E Woods,
a senior fellow at the Ludwig von Mises Institute
and author of just-released bestseller: “Meltdown” presents:
"Free Market Economics 101"

Terry McCall:
"Freedom Sells"

And breakout sessions:
(1) Professor Butler Shaffer, author of In Restraint of Trade, on the Great Depression;
(2) Bill Butler on Monetary Policy and the Bailouts; and
(3) Parliamentary Procedure: How to Be Effective at Meetings and Conventions.

I bought a copy a couple

I bought a copy a couple days ago. Half way through it and it's already helping me argue with my stupid liberal friends haha. :)

I bought 2. A paper version

I bought 2. A paper version is on the way, and a kindle version will hopefully be ready by the time my kindle 2 ships.

Michael Nystrom's picture

Got my copy yesterday.

Got my copy yesterday.

All art is only done by the individual. The individual is all you ever have, and all schools only serve to classify their members as failures. E.H.

Me too

I'm through the first chapter, I also got Fred Reed's http://www.amazon.com/Brass-Pole-Bangkok-Thing-Aspire/dp/059... which looks to be very funny.

I've really started to enjoy his writing at lewrockwell.com http://www.lewrockwell.com/reed/reed-arch.html

"The credit expansion boom is built on the sands of banknotes and deposits. It must collapse.", www.mises.org

"Endless money forms the sinews of war." - Cicero, www.freedomshift.blogspot.com

reedr3v's picture

#2 on Amazon,

we can easily make it #1

This is what the book is about?

"the Federal Reserve System, which allows busy-body bureaucrats and ambitious politicians to pull the strings of our financial sector and manipulate the value of the very money we use."

I thoroughly disagree.

The federal Reserve is ITSELF controlled by the power families of this planet.

They created it.

They put it in place.

They decide what our economy is going to be.

1929 was an intentional LIQUIDITY SHUTDOWN...plain and simple.

No "busy bodies" or "politicians" involved here unless they are needed as scapegoats.

The current housing bubble was designed, planned and executed.

Unify

Republicae's picture

Actually, the Federal

Actually, the Federal Reserve is nothing more than a partner of government; it is a symbiotic relationship where both are benefited. However, it is to be understood that while the FED member banks are "owned" by other private entities, the system itself operates at the pleasure of Congress, which, like an addict in need of a constant fix, relies upon the FED to broker its fiat monetary system to maintain and expand the government to avoid revolution. If the People were actually taxed to the degree necessary to maintain this government we would have seen a revolution decades ago.

I also realize that there are those, like yourself, who believe that this economic crisis was planned. I however, do not. First, the power of the market is beyond control of the government or the FED or any other power. They may manipulate it, distort it and seek to control it but the market will always seek to restore balance within itself, I have seen the same thing happen over and over again for the last 60 years and because of Austrian Economics I have been able to judge these cycles pretty accurately and have profited from that ability.

If this was planned, then those involved are eating themselves during this economic dislocation with Trillions of Dollars lost in the crisis. There have been institutions that have ruled the financial roost since the 1860’s that went down during this crisis, even one of the founding institutions of the Federal Reserve went under. Now these institutions were not banks that took money from the general public, quite the contrary, they were the big boys and took care of the big boy’s money.

The entire business model of this investment banking system collapsed and they have done the only thing they can by begging at the door of government for some sort of relief to prop up their institutions. There are huge commercial banks which have been driven into or near bankruptcy. In fact, the entire fractional reserve system, including the Federal Reserve, is on very unstable ground at the moment. The only thing saving the system at the moment is the fact that the government can print money. Hell, the Federal Reserve even had to borrow a half Trillion from the Treasury, but that is a story in itself.

The magnitude of exactly what is taking place is incredible, what we are witnessing is the destruction of a parasitic system that has ruled over this People for the last 148 years. To maintain the idea that this is some sort of conspiracy ignores some of the most basic economic principles and the forces behind those principles.

What is happening is that the market is rearing its head in revenge and taking that revenge on those who have sought to manipulate and distort the market for their own benefit, whether that benefit is political or fiscal.

If this was “planned” then those who planned it are getting smashed and the long-term prognosis for their recovery is growing dim by the day. I am thankful for this crisis, it is exposing the folly of those who have advised, those who have governed and those who were suppose to be experts. In fact, in the next 3 years we will see the curtain pulled back on the charlatans that have presented themselves as our elected officials, our leaders, their approved bankers and economists. There will be such an awakening because of this economic fiasco that it will strip the façade away from those who have ruled over us for decades. They have created their own bone-yard and they are doing everything they can to avoid slipping into that grave.

http://www.1776solution.blogspot.com

"Don't worry, we've thrown out the Weimar Republicans and elected the Zimbabwe Democrats." Billy Joe Allen

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

You Don't Think Woods Knows What the Fed Is!?

These jacket blurbs are written by marketing people, most of whom know nothing about the subject matter. Read the book before condemning a good guy like Woods.

Woods being interviewed right now in Detroit

Christian radio. 103.5. It's by right wing neocon warmonger Bob Dutko, but Woods is awesome in that he's couching his statements in terms that are appealing to Dutko. Mostly bashing people like Barney Frank and Democrats, which is necessary with Bob and his listeners, because once you start criticizing Republicans he shuts down.

He says "Some people did see this coming, but they were ignored." He doesn't mention Paul because Bob is a Republican hack and sticks with the status quo. Unfortunate, but probably smart tactically.

He did offer some plugs

Jim Grant, Jim Rogers, and finally Peter Schiff who he lauded.

Kind of encouraging. The word is getting out.

awesome book, still reading

awesome book, still reading it

jesse underwood

obama's stimulus package

Obama’s Stimulus Plan
The stimulus plans adopted by both chambers of Congress have some notable differences but also overlap considerably. Both aim to stimulate employment, certain critical economic sectors, and U.S. consumer spending. The House measure calls for spending roughly $544 billion on new projects and about $275 billion in tax cuts. The following are areas with some of the most significant outlays:

Energy, including $32 billion to transform the U.S. energy grid to make it more efficient; $16 billion to repair public housing and make it more energy efficient; and $6 billion to weatherize low-income homes;
Science and technology, including $10 billion for new scientific facilities and $6 billion to improve broadband Internet access in rural areas;
Infrastructure, including $30 billion for highways; $31 billion to modernize federal buildings and other public infrastructure; $19 billion for clean water, flood control, and other environmental investments; and $10 billion to improve public transit and rail infrastructure;
Education, including $41 billion for local school districts, $79 billion in outlays to states to prevent educational service cutbacks; $15.6 billion to broaden the federal Pell Grant program, which gives need-based grants to fund education; and $6 billion to modernize higher education programs; and
Health care, including $87 billion for Medicaid; $20 billion to improve health information technology; and around $4 billion to improve preventative care.
The plan also includes $140 billion directed toward tax cuts of $500 per worker or $1,000 per family over two years; expanded tax credits for working poor with children; and a $2,500 college tuition credit.

jesse underwood

Just got my copies

Thanks for the info about the book. Watching him on the Glenn Beck clips on another thread reminded me....
Meldown for the DP book bomb?

This is now #15 on Amazon's

This is now #15 on Amazon's best seller list! A book bomb can get it to #1!

If you already haven't, buy a copy or two. Sell the second copy to someone in your meet-up who will want it when they see it in hand but otherwise might not order it. Or lend out a copy to non-political friends. I bought two copies today- you get free shipping that way too.

Let's spread the message and buy some books!

Michael

If I order the Meltdown through the link on this page, will the DP profit?
I may just order three, one each for me, the congressman and my senator and wondering if doing so will help support this website.

Michael Nystrom's picture

Yes, thank you.

The site will get a small commission for anything bought through the link. I think it is around 6%.

Thanks.

All art is only done by the individual. The individual is all you ever have, and all schools only serve to classify their members as failures. E.H.

Could this have something to do with Reinharts Friday the 13th?

Could this have something to do with Reinharts Friday the 13th?

I wonder if this could have something to do with his predictions of something potentially drastic happening this up-coming week?

Just some food for thought on what is on my mind this next week...

www.pimpinturtle.com

looking back

Friday 13th were my lucky days LOL

(Better) to be confused in the search for truth than fully confident and sound asleep in a dream of lies. ~ Michael Nystrom
http://www.votenader.org/blog/2008/09/10/statement-to-ron-pa...
http://www.flickr.com/photos/57925480@N00/2660779139

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

bump

for Liberty.*)

(Better) to be confused in the search for truth than fully confident and sound asleep in a dream of lies. ~ Michael Nystrom
http://www.votenader.org/blog/2008/09/10/statement-to-ron-pa...
http://www.flickr.com/photos/57925480@N00/2660779139

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Michael Nystrom's picture

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All art is only done by the individual. The individual is all you ever have, and all schools only serve to classify their members as failures. E.H.