Book Discussion on Meltdown

Thomas Woods talked about his book Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government… read more

Thomas Woods talked about his book Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse (Regnery Publishing; February 9, 2009). In his book, the author provides an analysis of the financial market’s degeneration from a conservative perspective. The analysis includes: the assertion that the media has created a myth that the crisis is so complicated that people should not question government’s response to it, and that capitalism and deregulation are the culprits. He explains how government intervention in the economy with Fannie Mae and affirmative action programs like the Community Redevelopment Act actually caused the housing bubble. Ultimately, the author says a new financial system is needed. In his remarks he focused on the Federal Reserve system and the Austrian theory of the business cycle. He responded to questions from members of the audience.

Thomas Woods is author of nine books, including The Fate of American Liberty from World War I to George W. Bush and The Politically Incorrect Guide to American History.

This was a luncheon event at the Campaign for Liberty Regional Conference, held at the Millennium Hotel in St. Louis. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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Book Discussion on Meltdown

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Program ID:
285199-2
Category:
Public Affairs Event
Format:
Speech
Location:
St. Louis, Missouri, United States
First Aired:
Apr 13, 2009
Last Aired:
May 17, 2009

Airing Details

  • Apr 13, 2009 | 8:33pm EDT | C-SPAN 2
  • Apr 13, 2009 | 11:29pm EDT | C-SPAN 2
  • Apr 19, 2009 | 3:29pm EDT | C-SPAN 2
  • Apr 20, 2009 | 2:00am EDT | C-SPAN 2
  • Apr 20, 2009 | 6:05am EDT | C-SPAN 2
  • May 16, 2009 | 10:30am EDT | C-SPAN 2
  • May 17, 2009 | 2:59am EDT | C-SPAN 2
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