Woods Tells the Story of the Meltdown

-David Gordon

Tom Woods has made an invaluable contribution with his latest book. The public today looks for an explanation of the current economic crisis and a prescription for recovery. Conflicting accounts abound. Should the collapse of the housing bubble and the accompanying credit crunch be met by increased government spending, as Keynesians aver? Does the key to the mystery lie in maintaining an adequate supply of money, as monetarists think? Those of us inclined to the Austrian School know better: such foolish resorts to the government serve only to worsen matters.

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RON PAUL NEWS