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Most people don't really understand the economy, business cycle, the Federal Reserve system, or how this terrible crisis occurs, destroying the entire world and causing the current global crisis. Hmm. Could they be so bold that I would recommend you a very good book if you want to learn a little?
"Meltdown-A free market view of why the stock market collapses, the economy stagnates, and government bailouts make things worse" Thomas Woods. Regnery Publishing [2009]
Woods, as he says, is very critical of politicians who say that “the failure is the free market”. No, it is not. Therefore, the government's role in this is to carefully consider the Community Reinvestment Act, Freddie Mac, Fannie Mae, and the Federal Reserve, and mobile market operations and interventions to achieve desirable results.
The book is proud to answer the following very important questions: [1] Few economists have predicted economic impact. [2] The actual cause of the collapse; [3] Why the Federal Reserve is not a taxpayer and why it must respond to the current economic crisis. [3] The reason why relief is a band-aid that only provides temporary relief and ultimately worsens the situation. [4] What we should do instead to put the economy on a healthy path to recovery.
And we submit to you that you have done a very good job showing that the operation of the business cycle is just a scam. The author says that those who believe in freedom are the smartest people in the world. He may also recognize his name because he wrote a best-selling book. "A politically wrong guide to American history."
He is a free marketer and, of course, writes with confidence in an easy-to-understand format that even beginners can understand. I recommend this book. Think about this.
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