Editor’s Summary: From the Foreword by Congressman Ron Paul
We can probably expect an avalanche of books in the coming months that purport to tell us what happened to the economy and what we should do about it. They’ll be dead wrong, and most of the advice they provide will be dreadful. You can count on that. That’s why Meltdown is so important. This book actually gets things right. It correctly identifies our problems, their causes, and what we should do about them. It treats the architects of this debacle not with the undeserved reverence they receive in Washington and on television, but with the critical eye that is so conspicuously missing from our supposedly independent thinkers in academia and the media. Tom Woods reserves his admiration for those few who, unlike the quacks who would instruct us now, actually saw the crisis coming, have a theory to explain it, and can show us the way out.
Econimics in One Lesson
Editor’s Summary: The following is the Foreword by Steve Forbes.
We have been inundated lately with a barrage of 50th anniversaries of important events–the dropping of the atomic bombs, Iwo Jima, VE and VJ days, Bretton Woods. And with this edition of Henry Hazlitt’s best-known work we commemorate another. Five decades have passed since the publication of a book on economics so powerful in its clarity and simplicity that we can declare, without question, it has shaped our world.
End the Fed
Editor’s Summary: At first glance, abolishing the Federal Reserve and returning to the gold standard seems a quaintly eccentric idea, but Texas congressman Paul presents a plan to eliminate our country’s central bank, and return to a private banking system, that’s both serious and plausible. The questionable aspects involve Paul’s predicted results: not only will ending the Fed eliminate inflation (the government cannot print more money than it has gold reserves), but also business booms and busts, wars, income inequality, trade imbalances and the growth of government.