Monday, 11 June 2012

ECONOMICS FOR REAL PEOPLE: “Meltdown,” or, the complete story of the GFC in sixty minutes

Our friends at the Auckland Uni Economics Group report they’re regurgitating nonsense enduring exams this week, but the hardy souls are meeting this evening nonetheless.  Here’s their announcement:

imageTonight, we will be watching a video presentation by economic historian Thomas Woods, based on his 2009 book Meltdown (subtitle: “A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse”). Including:

  • How the government and the media created the myth that this crisis is so complicated that people should not question the government's response but leave it up to the "experts."
  • That no amount of government regulation or "brilliant" politician can fix a broken system—a new system is the best solution.
  • How politicians and the media refuse to talk about the role of the Federal Reserve in this crisis, but it is at the heart of the problem.
  • The media has created the myth that we need a "new New Deal" to get out of this crisis.
  • The cold truth that capitalism isn't the culprit—the government is.

Join us, and join in the discussion afterwards:

WHAT: “Meltdown,” vidoe presentation by Thomas E Woods, followed by Q&A
WHEN: Tonight, Mondy, at 6pm
WHERE: Case Room 3, Level Zero, University of Auckland Business School

All welcome.
See you there!

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