Even the casual observer of news must realize that the world is shifting at its core, that the future may very well be much different than the world we live in today.
The uprising in Tunisia and Egypt are just two examples of people desiring to be free of oppressive governments. In places like Tunisia and Egypt, the oppression is obvious. In other cases, such as the United States, the government moves may be a bit more slick, but the edge to the banksters and other power elite is becoming more obvious. In the U.S. this has spawned the Tea Party and others suspicious of ever-expanding government.
My chief complaint with these anti-regime movements has been that there seems to be no clear understanding of what the current regimes should be replaced with. The average man seems to have little understanding of the importance of free markets and its importance in creating a prosperous society.
In his new book, Rollback: Repealing Big Government Before the Coming Fiscal Collapse, Thomas E. Woods, Jr. addresses my complaint. Aimed primarily at a United States audience, the book brilliantly weaves facts with theories to explain why the United States is in the financial mess it is in today and the way out of the financial mess.
The book is remarkably detailed with the important facts. I am certainly not one who is unfamiliar with the facts surrounding the financial crisis, yet, time after time, I found myself saying as I read Woods' book, "I didn't know that." Finally, I had repeated "I didn't know that" to myself so many times that I looked up to see what page of the book I was on. It was page 14. If the book had only contained the new facts I had learned in the first 14 pages, I would have been satisfied with the book, but the book goes much deeper.
Woods carefully dissects the fiscal crisis facing the United States. He explains the problems with Social Security and Medicare. But, he does so in a manner, and with the facts, that I have not ever seen done before. For those who are advocates of freedom, reading this book will sharpen their understanding and mastery of the subject ten-fold. The case for free markets is argued so well that it may find some converts among the open minded anti-free market types (and even, perhaps, among some of the not so open minded).
But Woods doesn't stop with the problems of social security and medicare. In particular, I liked his discussion of the monetary system pre-Federal Reserve. He completely destroys the arguments of Fed apologists and bomb throwers, such as Paul Krugman, who charge that a the pre-Federal Reserve period was a period of laissez faire banking with booms and busts gone wild. Woods carefully takes the reader through the facts. He carefully details the interference that the government played in the pre-Fed era and also details how the booms and busts pre-Fed were much less intense than they are now.
He also explains what parts of the Glass Stegall Act were, and were not, repealed, and how this had nothing to do with the recent financial crisis. Woods also explains why deflation is not bad for an economy, and why it is not even bad for businessmen who must sell their products at lower prices. The fearless Woods also takes the knife to the military budget and explains how bloated that monstrosity is.
When Victor Hugo wrote, "All the forces in the world are not so powerful as an idea whose time has come," he was dead on and we can see that by what is going on in the world today. The idea of regime overthrow is in the air throughout the world. Woods' book compliments this idea, by providing the collection of ideas that show how important free markets are to the solution of current problems.
This book needs to be read by every person who is sick and tired of the raping of the taxpayer, who is sick and tired of the edge given to banksters and other power elites. It needs to be read by every member of the Tea Party, so that they gain a fundamental understanding of the problems of big government that they are protesting and what the real solutions are.
In fact, this book is so important that it should be read by every person that is a voter. The book should be debated far and wide. Indeed, I recommend that you put down whatever else you are reading and read Rollback, now. The book has the potential to become a game changer. It has the potential to become a major influence. Once you read it, you will know what I mean.