Comments on: Economics Resources

By: McMahon Michael

McMahon Michael — Fri, 17 Jul 2009 12:37:23 +0000

I wish to thank Thomas Woods for a superb analysis of the Depression of 1920.
As a financial advisor based here in Ireland I am amazed that nobody with responsibility for economic planning either here in Ireland,UK or indeed America had studied the work of Ludwig Von Mises,Joseph Schumpeter, Hyman Minsky or the great Russian economist Nicholai Kondratieff.
Michael McMahon
Navan
Ireland

By: John Heinbockel

John Heinbockel — Sat, 21 Feb 2009 03:46:24 +0000

just finished murray rothbard’s history of the great depression. highly worth reading–great job going through cycle theory and all the “enlightened” clap-trap that hoover & later roosevelt foisted on us. also great at pointing fingers at the real culprits–FED ez credit/inflation. I can’t wait to read yours.

By: margaret

margaret — Sat, 14 Feb 2009 21:54:02 +0000

I just read Meltdown. I always knew it was the Government goofing up the economy. I just didn’t understand all the details on how it worked. Now I do. Thank You. I will share my copy of Meltdown with friends and family to spread the word. But what do you suggest to individuals on how to survive this upcoming mess? We don’t have the power to change the government, but just surviving and not losing what we have will be tough. Margaret

By: Michael Morrison

Michael Morrison — Tue, 10 Feb 2009 21:49:25 +0000

In a free system, of course there still might be crooks.
The difference is, in a free system crookedness is not institutionalized; crookedness is recognized as crookedness, not just political connectedness.
And we can hope it is the crooks themselves who will be institutionalized.
Keep up your very important work, Dr. Woods.

By: Jack Maturin

Jack Maturin — Tue, 10 Feb 2009 20:41:32 +0000

Hi Tom, Well done on getting the book out so quickly. Here's my attempt to plug the monkey: => http://angloaustria.blogspot.com/2009/02/have-you-ordered-your-copy-yet.html Rgds, JackM

By: woods

woods — Tue, 10 Feb 2009 15:22:52 +0000

I prefer not to start a long thread on this topic under a blog post on something else, but just very quickly: it’s the present system that makes these shenanigans possible. So it’s hard to say it’s X% this, X% that. It’s a symbiotic relationship. Under a sound and sane banking system, we would never have seen this insanity. Moreover, without a Fed to create the housing bubble in the first place, then if securitization existed at all, the resulting securities would not rise and fall nearly so sharply, which is the problem.

By: Ben Smith

Ben Smith — Tue, 10 Feb 2009 15:17:32 +0000

Good luck. Just heard you on Glenn Beck
I’m a conservative and blame Wall St/bankers 70% and the Feds 30% for this mess. Follow the money and see who actually profited from this debacle, taking home billions in bonuses for writng and peddling derivatives and CMOs and credit default swaps. Lehman and Merrill demanded sub primes from mortgage brokers. They vacuumed them up (demand pull) into their collateralized mortgage obligations

Malefactors in government like Dodd and Barney got little compensation for the chaos and damage they created. Dodd got a preferred mortgage from Angelo Mozilo. Franklin Raines got 90 million which was quite a score and worthy of Wall St. Jamie Gorelick and others got tens of millions in compensation from Fanny and Freddy