Meltdown

In this book, Thomas E. Woods, Jr. challenges the common narrative that deregulation and free markets led to the 2008 financial crisis.

Instead, he argues that government interventions, such as those through Fannie Mae and the Community Redevelopment Act, were the primary causes of the housing bubble and subsequent market collapse.

Woods also critiques government bailouts, suggesting they exacerbate the problems rather than solve them.

The book provides a detailed explanation of Austrian business cycle theory and its application to the crisis, as well as a historical context comparing the government's response to the Great Depression.