umm, yes,spending is how you get out of a recession. It's much the same as investing, yet you have to invest in the right things. Go into debt for a college education and it almost always pays off eventually. Our elites don't want to create jobs here because of the labor costs. The Fed chairmen is considered the second most powerful man in America and Ben Bernanke is the same guy for both political parties. They're using Sun Tzu on the public and magicology...misdirection(confusion)
@Spjungen I honestly don't know how people can't attest to greed. I cannot say that if I was going to get bailed out from debt, that I would reject it. That is a personal matter. The government should not be doing it in the first place.
I guess that's the interesting thing about a utopia- the people say they'll get along, they say everything will be fair and shared, but you offer a few people an advantage and a better life and they willfully accept it.
@Pablo1517 If they want to share their wealth with the old and the poor, they can do that. Meanwhile, the rest of us have our own bills to pay, family to take care of, food to buy. Socialism isn't generosity. It isn't plentiful when they(gov.) take from another to give to another.
The Privet counterfeit cartel perpetuates poverty and the welfare states that prostitutes there native born playing the Federal Reserve game rather than being a self supporting republic State that can't be a service to the needy but the greedy who puts money above people. America is DEAD.
I would like to remind everyone who says to Occupy Wall Street (OWS) protesters: ''get a job, goddam hippies'', that you are also saying that to the Iraq and Afghanistan War veterans who march with OWS, the farmers who have lost their land since the Recession who march with OWS, the carpenters who have lost their work , and every non-hippy citizen who might not necessarily be the focus of drama-addicted media reports who has lost out since the Recession .........who march with OWS.
As a Progressive who watches Thom Hartmann show daily I still have an Economics degree. Whenever I feel myself slipping "too far to the Left" and thinking Utopian thoughts I go back and read my Hazlitt, Rothbard and Von Mises. It's a cold dose of reality for me even after a 30 year background of reading classical Economics. Heck, some of the ignorance I see on the Internet makes me wish some people would at least read "Wealth of Nations"...
Does anyone else notice how this video is subtly censored with all too coincidental audio hiccups whenever a comparison between the European debt crisis and the US economy is made?
Peter is right about 90% of the time. But he keeps saying gold somehow is money per the Constitution?? BS. Peter has gold on his brain. Get off it Peter... In the mean time, there is another guy who just published a book on what everyone who is being taken advantage of can do to get back in the game after having their clocks cleaned... "Money Slaves And Cool Aid"... Get - The - Book dot com (solve the riddle and learn what to do). Good luck pounding it through their thick skulls Peter.
@thespybreaker Capitalism is the disease, not socialism. Capitalism benefits only the 1%. Socialism benefits everyone because everything is owned by the public, rather than being undemocratically owned by selfish greedy rich private owners and corporations
You guys need to End the Federal Reserve Bank, thats the Head of the Beast. Its a Private Bank, not Federal, its owned by private Global Bankers. They are the problem. Do your Research People. Most of your income tax goes to pay intrest to these bankers. They Federal Reserve act was voted on while everyone was on Christmas Vacation in 1913. Seach "creature from jekyll island". All the wars started after that, the bankers started the wars for PROFIT, they own the major corporations. WAKE UP
I'm pro-capitalism and entrepreneurship and I agree with lot of things Schiff says, but some statements are confusing. At @12:47 when asked about fact that big banks and insurance companies have got bailout, but not students (or small businesses) which needs it also, Schiff has replied that 'two wrongs does not make it right'. He has confirmed wrongdoing with that statement. But I do not get why none would need to be held accountable, rule of law (does he proposes just to forget it all?)
@vladabuba He's not proposing anyone get off, he points his finger squarely at Washington. That's one of the things that bothers me about the OWS movement- it sounds like they're basically saying they want their own bailout, then they'd be happy.
So..I see. It was okay when competition was coming from Within Europe to form the European Union. Now that the competion is coming from China and India, therefore we must have a world union? Can we ever trust the PIED PIPER?????
@26libertarian It's the removing of the consumer that is the big problem. Mandates drive up costs greatly as well. People aren't allowed to buy major medical insurance across state lines. There is no free market.
The third party payer system exists because of perverse incentives in the tax code and govt. programs.
People don't pay premiums so they overutilize. They don't do that with car, homeowners insurance. People use insurance for routine care. It creates artificial demand.
@jmintube YA YA, WE NEED "RESOURCE BASED ECONOMY"..I WATCHED THE ZEITGEIST MOVIE & IT OPENED MY EYES.I WATCHED ZEITGEIST MOVIE & IT OPENED MY EYES.
WHY SHOULD I HAVE TO WORK ? PEOPLE SHOULD WORK FOR ME! OHH I MEAN THE MACHEENS WILL DO IT FOR ME! AND MACHEENS WILL MAKE THE MACHEENS! AND MACHEENS WILL MAKE THOSE MACHEENS! SEE NO HUMAN LABOR JUST FREE WEED! MONEY IS THE DEVIL,WAKE UP SHEEPLE..WAIT, WHAT WAS I TALKING ABOUT?
@jmintube : well, that's no brainer. Most of us are able to see through you socialists / lefts wacko's propaganda and swindle. In fact, the whole world has been moving towards freer-market since late 1970's because of the poverty and mass starvation you bestowed on those bought into your scam.
In places like China, about 40 millions were starved to death in Mao's communes. Likewise in India, every few years, mass-famine wiped out millions barely surviving on the West's charity since 1960's.
@tooltalk you are lost. you just wrote a disturbing message outlining the criminal activities of totalitarian dictators.....surely I agree with you that what happened under these autocratic regimes is disgusting, now if you would like to debate about the track record of leftist governments, I suggest you start with sweden norway and denmark instead of autocratic regimes.... your argument compares to me saying that Nazi germany was a capitalist state and dont talk about famine the US causes it
@jmintube : eh? India is a totalitarian dictatorship? You are trying too hard, but nobody is going to fall for such sloppy BS.
Of course, we all know that China's mass starvation had little to do with the deeply flawed economics system known as "socialism" - that lowered living standard and starved millions of others in Africa, Asia, and Latin America. Socialism stunk so bad that even the Nordics ditched it for gradual market reform since 1990's.
@tooltalk We could argue that the economic crisis in the USA "had a little to do" with george bush's younger days of alcoholism and experimentation of drugs....this wouldn't be a very solid argument..similar to yours where you claim that China's starvation "had a little to do" with socialist policies....first of all what socialist policies??? They never existed....you have been brain washed by neo-cons and pathetic journalism.
@jmintube : eh? hahaha, desperately grasping for strawman. Are you going to also blame Mao for untold economic miseries in socialist / marxist sub-Saharan Africa? Is it also Mao's fault that India suffered decades of economic stagnation and poverty under Nehru's socialist utopia?
Mao did have some influence - on peasant rebels in places like Nepal and Peru (Shining Path). But like Deng's China, it was market-capitalism and private property rights that saved Peru (from SP).
@jmintube : And as I've said once before, it was the market capitalism that lifted millions out of poverty in China (starting with Deng in late 1970's , India (early 1990's). You needn't to look any further than Botswana that achieved the highest economic growth in the past 3-4 decades, along with Taiwan, South Korea, Singapore, while the rest of sub-Saharan Africa languished under different forms of socialism / marxism sold to them by the Soviet's and the West (50-80's).
@jmintube breed inequality, excessive pollution and "accidents" really is that all you can say inequality. You honestly sound like one of those guys on the occupy wall street junk that's doesn't understand the free market. Also that idea has been tried before and the zeitgeist promotes that same marxist bull crap in a freemarket you try and sometimes you fail that's just how it is and it is actually pretty equal. Anyone can fail but they at least can get ric is it not inequality its capitalism
@bigJ09z You cannot fail in a resource based society. Education, food, shelter and other basic necessities are guaranteed. the "liberalization of the people"....something which liberals like to believe free markets will lead to....is the basic foundation of the zeitgeist movement....secondly, this line alone that you wrote: "Anyone can fail but they at least can get ric is it not inequality its capitalism" makes absolutely no sense whatsoever. Do you understand how free markets work?
@UponInfinity it may come as a shock to you, but the iphone is not the best technology we have.....we have the technology to automate most of what we produce and in fact, in the current capitalist system, the only jobs that exist are the ones that cannot be automated profitably, so by definition, we will reach this point one way or another....the question becomes one of are we willing to accept the inevitable. For those jobs that cannot be automated you might ask, what's the incentive its simple
@jmintube You only automate tasks when it's cheaper to do then use a person. So when the Fed forces interest rates to near zero is their supposed attempt to help unemployment, they are in fact helping to finance the replacement of human labor with that of capital equipment.
a two class society. those who can vote and those who cannot. voting rights are given to those who work, those who do not work, cannot vote.....obviously there will be more to it than just that, to account for exceptions (students) and abuse (getting a job in order to cast 1 vote then quitting etc....) this might be a bit hard to comprehend, especially considering the fact that most of us are still concerned with the following question: Is there a God/afterlife?
@jmintube You mean what I ment by people can get rich yes I get how the free market works unlike you who demonize it. Due to some inequality complex and you choose to play the victim oh life isn't fair cry me a river really so your a zeitgeist nut job. Its unrealistic at best and a terrible idea at worst people have always had some type of currency be it gold,money,silver ect. Then again it seems that im trying to talk to a zeitgeist socialist nut job who doesn't get the free market.
@bigJ09z It seems that I am talking to a free market lunatic nut job...I don't enjoy this name calling game but it seems to be the only thing people enjoy to do over the web....so be it
@jmintube Just give up. This is how this goes: You: "Fact on why free markets don't work." Them: "Free markets are good." You: Fact 2 on free markets not working. Them: Socialism bad. You: Fact 3 on free markets not working. Them: YOU'RE A COMMUNIST! See how it works. You use facts such as collusion, environmental concerns, employee safety, overall social wellness, small business, etc. They respond with off topic anecdotes or irrelevent references to communist dictatorship countries.
@tooltalk TY. "We" liberals pride ourselves on logic, so it's good you noticed...though I put quotes on the word "we" because I never mentioned anything about being liberal nor have I expressed any beliefs other than being anti-free market. You are just assuming I'm a liberal because I'm against free markets and you are an idiot that tries to connect dots that aren't there.
@LucidDreamz613 : of course, you libtards pride yourselfs in illogic and logical fallacies, as I just demonstrated above, so it's good that you continue to prove my point.
".. another conservative idiot who labels everyone who thinks free markets .."
".. You are just assuming I'm a liberal because .."
ok, so where did I identify myself as a conservative? I'm a conservative?
You two idiots are hilarious! You two should get a room and start buttf'ng each other!! Puahaha!
@tooltalk You aren't very bright. You flame me for using a logical fallacy and then follow that flame with a logical fallacy. In one comment, you label me as a liberal despite me never sharing any political views other than free markets. Then you take my original response completely out of context. You neglect to mention that my next statement was that you are an idiot into playing into partisan politics. Me calling you a conservative was a satirical statement of you calling me a liberal.
@jmintube There's still a few of us that know the difference between correlation and causation..Some of us that recognize that when free markets did work, communication and organization between businesses wasn't as easily achievable, business was generally localized, conglomerates were virtually nonexistant, there was no global economy, no insider trading, no accounting standards, poor and dangerous work conditions were acceptable, no environmental concerns...I'd go on but I'm out of characters.
Vegetables hate the tongue but loves the cells. Candy loves the tongue but hates the cells. True liberty vs central planing. Wait. isn't everything being planed right now? And now the protests begin. The cells are mad.
Vegetables are nasty. Candy is sweet. The mases love government intervention. But true freedom requires autonomy, education, and a brain to think FOR YOURSELF....
Fascism [is] the precise negation of that doctrine which formed the basis of the so-called Scientific or Marxian Socialism. (p. 30) Geovani himself wrote in 1932.
Are you serious? Did Schiff really bring up Steve Jobs? Not only was Steve Jobs notorious for hating corporate types but he says "how many people benefit from Apple products?" Well...that's funny. Apple had a 40% gross profit margin in their FY 2011 which ended in September and a 25% net margin. Who profitted? Friggin Apple. It's right on their income statement. Their products are priced gouged to hell.
@LucidDreamz613 Steve Jobs ike micheal moore would not have their opinions herd if people did not buy their products. They are private individuals, and I dont here either them lobbying for the government to employ them specifically. I have never have read, or have listen steve job stating that the government should run apple, or regulate apple. I never read or have listen to moore calling for the same thing, or regulation.
I quote according to Moore, "someone connected to the White House, a top Republican" has put pressure on film companies not to release the movie.
Capitalism is private gain, and private loss. This is fascism, and no one likes to talk about that system, which George Orwell wrote an essay titled " what is fascism" to intirgue people to try and learn more about it then degrading it tothe level of a swearword.
@LucidDreamz613 Moore - who famously cried, 'Shame on you Mr Bush' as he received his OSCAR in 2002 - is now hoping MIRAMAX bosses BOB and HARVEY WEINSTEIN will distribute the film after DISNEY refused to. I hated Bush W., too what watch his film, specifically to give money to what ever cents on the dollar he ends up with. I like moore. I disagree it capitalism fault.
"The Doctrine of Fascism" ("La dottrina del fascismo") is an essay written by Giovanni Gentile, but credit is given to Benito Mussolini. It was first published in the Enciclopedia Italiana of 1932, as the first section of a lengthy entry on "Fascismo" (Fascism). The entire entry on Fascism spans pages 847-884 of the Enciclopedia Italiana, and includes numerous photographs and graphic images.
What moore claim the Bush administration had done is quite fascist. State intervention in economic production arises only when private initiative is lacking or insufficient, or when the political interests of the State are involved. This intervention may take the form of control, assistance or direct management. (pp. 135-136) of that essay and or book.
here are some other quotes from Gentiles ideology. The corporate State considers that private enterprise in the sphere of production is the most effective and usefu [sic] instrument in the interest of the nation. In view of the fact that private organisation of production is a function of national concern, the organiser of the enterprise is responsible to the State for the direction given to production.
The Fascist State lays claim to rule in the economic field no less than in others; it makes its action felt throughout the length and breadth of the country by means of its corporate, social, and educational institutions, and all the political, economic, and spiritual forces of the nation, organised in their respective associations, circulate within the State. (p. 41).
@LucidDreamz613 Fascism attacks the whole complex of democratic ideologies and rejects them both in their theoretical premises and in their applications or practical manifestations. Fascism denies that the majority, through the mere fact of being a majority, can rule human societies; it denies that this majority can govern by means of a periodical consultation; it affirms the irremediable, fruitful and beneficent inequality of men. (p. 31)
@LucidDreamz613 A key concept of the Mussolini essay was that fascism was a rejection of previous models: "Granted that the XIXth century was the century of socialism, liberalism, democracy, this does not mean that the XXth century must also be the century of socialism, liberalism, democracy. Political doctrines pass; nations remain. ......
@LucidDreamz613 ........We are free to believe that this is the century of authority, a century tending to the 'right', a Fascist century. If the 19th century was the century of the individual (liberalism implies individualism) we are free to believe that this is the 'collective' century, and therefore the century of the State." Geovanni Gentile thought is sytem like marx could provide for all as plenty of "corprate types" and government shill think they manage
@LucidDreamz613 The Brit was right, this is anything but capitalism. Bailouts do not exist period. tax dollars do not got to private individuals in any defintion linked to capitalism.
@bl782 You're kind of going on and on about random things that have nothing to do with what I said...I'm still not seeing the relevence of any of this in regards to job creation.
If you want to compare apples to oranges in health care, you'll have to go back to when the U.S. had a roughly free market in health care in the early 60's.
Cost weren't out of control relative to people's wages
There wasn't red tape, bureaucrats and HMO's (govt. creations) between Dr. and patient.
Poor got pro-bono care from doctors/hospitals. All Medicare-Medicaid did was TRANSFER costs from taxpayers to health care professsionals for care formerly given for free or at reduced cost.
@26libertarian You can label my thinking as an ideology, but unless you can offer an alternative that actually WORKS in the real world, your labeling and claim of my downfall is just empty finger-pointing. Yes, these are my ideas, and my ideas align with the concept that in America, if you favor any policies that let the government either ignore or reach outside the boundaries of the constitution, designed to limit government from too much power, you favor leftist ideas, which are unsustainable.
@26libertarian That's because the resort to price controls. The HMO's and Medicare/Medicaid do that to a degree, but it isn't wide-spread in the U.S. yet.
But there is no free lunch. The U.S. state managed care system is only a difference in degree, not type from other socialist systems.
The price controls mean wide-spread rationing, long waits for non-emergency surgeries, less R & D spending, doctor and specialist shortages, long lines, etc.
@26libertarian your talking points about things like welfare made me think you were in favor of socialism. Welfare IS socialism. Anything that takes from some and gives to a select group by government IS socialism. Capitalism is simply the practice of the idea that each person individually earns profits and may spend or invest them as they choose, and that's for everyone, rich or poor. When you forcibly take from one to fund something that isn't helping them, it's socialsim, and it fails.
Do you even know what pure capitalism means? It means no use of force. That means no social welfare state (a voluntary welfare society as our ancestors had instead), it means no income tax, it means no subsidies, mandates, public-private partnerships, free banking, interest rates, and money (now those are regulated-controlled by the FED), no state-created cartels, no regulations to create barriers to entry, etc.
We have had a progressive-corporatism system since the Progressive/New Deal eras.
Get me a link of the Federal Register. Show me how it has been reduced. It doesn't exist. Bush expanded the regulatory state at the fastest pace since another Republican in Nixon.
We used to have a voluntary welfare society composed of churches, pro-bono care, mutual-aid societies, fraternal organizations, private charities, friends, neighbors, family, etc.
That was replaced with the force, fraud, and waste of the welfare state. Now the middle-class and wealthy get welfare.
Corporatist measures include subsidies (leftists are for these so long as they are for "progressive" ends), mandates, public-private parthershiphs, tax credits that only some can access (again, leftists love these so long as they are for "progressive" ends), state-created cartels (see Federal Reserve), collectivized risk (govt. gurantees, FDIC, etc.), and on and on and on.
The govt. created a state managed care system in health care. There is nothing free market about it. Observe the results.
@26libertarian Unregulated? HA! You aren't entitled to your own facts. The Federal Register has grown like a cancer.
What do you think the Federal Reserve is if not the world's largest regulator. We don't have a free market in money, banking, or interest rates. Socialism is central planning. We are dieing from all the central planning.
And you don't understand the difference between capitalism and corporatism. Corporatism is when govt. and business get in bed.
@26libertarian Also, bailouts are part of government intervention, as is printing more money to try fixing things or hooking up bad businesses and banks. Govenment intervention in these terms is, that's right, SOCIALISM. Capitalism does not include extra government activity like this interfering with the markets.
@erushbass Exactly what i was trying to say, Money now is not worth what it was say before the Fed was created and when we came off the gold standard in 71 i believe.
@26libertarian The uninformed and misguided masses are what keep the criminals that are in bed with certain corporations in office, the people still have the power to remove them but targeting all big corporations that are seeking profits won't solve our problems. And you can attack capitalism and talk about how socialism is helpful but the socialist aspects of our current system are unsustainable. When it all comes crashing down, it's the employees you speak of that will suffer the most.
@26libertarian I think you have no clue what true capitalism is what a true free market is. I'll be wasting my time explaining it to a moron as yourself.
@26libertarian Contract law should be more than enough to protect employees, as long as those upholding the law can be held accountable. The problem people working for industries have had were employers finding loopholes and abusing the legal system to get out of fulfilling employee contracts. Unions were formed to overcome this, but then a new problem comes when businesses are asked or forced to do more than they would have reasonably agreed to, leading to reluctance to hire more people.
Love you Peter but please don't continue to use your OWS interview. The people you interviewed are complete morons. There are intelligent people out there that feel like they are between two insensitive sides of a vice that are squeezing the hell out of them: big business on the right and big government on the left. This movement is not going to go away. . .
@0gods As far as I can tell he hasn't been avoiding any confrontation with anyone on these topics, so I'd be curious to see any of these intelligent people you speak of counter any of Mr. Schiff's arguements or stances with something that works in the real world.
@solankre You missed my point completely. Peter's message is valid on its face; it doesn't need to be commingled with Fox "News" propaganda to get legs. If anything, the Fox "News" propaganda ministry hurts the credibility of the message because people who might otherwise listen carefully to it simply dismiss it as part of the divisive drivel and outright bullshit that is spewed 24x7 by Fox "News."
@0gods If I missed your point it's probably because I never saw you mention Fox at all in the post I responded to. With that said, I'm sure Mr. Schiff would be happy to explain his points on another news medium if that will give him more credibility. It's not his fault that Fox was being fair with him.
@26libertarian If the government played its role and mostly stayed out of the way of businesses and just made sure people upheld their contracts, that $2 a day would put someone at least in the middle class, since things like gas and milk would cost just a few cents a gallon. Yes, inflation would have been that low. No system is more fair than lawful capitalism.
Oh my....by the content of this video and the quality/nature of the comments.....I'd say that we are in for a big problem. I find it troubling that so many people have faith in free markets and the cutting of regulation....it makes me very worried about our future as a species(but then again, most liberals and conservatives are not concerned with this)
Anyhow, I can list a million nice and simple examples of how your free market worshiping and capitalist loving ways are very destructive....
It makes me very worried that you can talk in generalities and presume it to actually prove a point. You cannot list a million nice and simple examples of how free markets are destructive. Period.
I can give you millions upon millions examples as to how socialism is destructive. I'm of course assuming that if you are against free markets you are for socialism in this case. Those examples are millions upon millions of people murdered by out right socialist governments.
@601373 Clearly you have been misinformed. A socialist state has never managed to kill a million people. Certainly you are speaking of totalitarian states such as Soviet Russia, North Korea, Fascist Italy and Nazi Germany......I don't think that you would include Sweden, Denmark or France on this list of yours. Secondly, I am not a socialist.....I will give you another chance to think outside of the box.....good luck
@solankre The basic idea behind free markets is that people are rational and will act in their best interests.....This is simply not true and because of this reality we need regulation to protect ourselves from our own stupidity. On another level, let's say the major airline carriers had regulations lifted, they would cut financing safety testing in order to boost capital and invest in more marketing, thus the likelihood of a "bucket of flying bolts" would increase etc take a look at monsanto
@jmintube The amazing thing about free markets is, businesses have to earn the trust and loyalty of customers, because customers can either go to another provider of goods or services, or they can simply refuse to obtain that good or service. If those airlines really allowed safety standards to drop like that, it wouldn't take long for people to be informed of this in a big way and that business wouldn't find much in the way of customers for long.
@jmintube Also, people that are stupid enough to let their safety be blatantly compromised like that are going to find some way to let their stupidity get the better of them. How do you justify going out of our way to protect people from their own irrational behaviors? How would you stop them from sticking their hand in a socket or falling and breaking their leg? Do you actually want your life so controlled that you can't go to the bathroom without someone making sure you are safe each time?
@solankre You are delusional. free markets will only produce collusion and corruption....take a historical approach to back your claims rather than spewing textbook ideals. Historically speaking, free markets have produced massive inequality, low safety standards, low wages/job security.....take a look at the industrial revolution in america......it doesn't get any more free than that....child labor....
@jmintube : I'm not sure you libturds think you could get away with DNC's / socialist propaganda here.
Honey, inz pre-industrial era, average life expectancy was at least 10-20 years lower and most people lived in substance economy (barely able to survive). Furthermore, since everyone had barely anything to eat for themselves, much less have enough food or resources to send their kids to school, children had to work. This is true today in many underdeveloped countries.
@jmintube People fail to realize they are taught economics in a free market environment for simplicity. Imagine a classroom trying to teach supply and demand with a conglomerate that can operate at a loss and use predatory pricing to shutdown all of the competition or a classroom with businesses that monopolize products and collude to drive up prices. "And here we have the supply and demand curve and take special note, that no matter how to move the curves, price remains the same."
@LucidDreamz613 : it seems like you never went beyond the first semester of community college.
Yeah, imagine having to teach everything in simple Supply & Demand ISLM that models don't work in reality, because of various gov't distortions such as state sponsored monopolies, price fixing / money control, labor laws / wage control, political lobbying by unions, lawyers, etc..
Most accredited universities in US offer economic classes in banking / money / public-sector / international trade
@tooltalk And it seems like you and your derogatory self should gobble down my fat accredited dick. Obviously, basic principals of market distortion are covered, for example tariffs or government subsidy, but there's no way you are going to get a full picture of reality in an undergrad degree. If you think free markets work, maybe you should at least take a semester at community college.
@LucidDreamz613 : oh boy, another 3rd grade libtardo from the DNC's office of propaganda. How about stop sucking Obama's cock for a minute to learn?
Honey, you just made it too obvious that you ended ur elementary schooling a bit too early. In most college econ101, you start with *idealized* models holding everything else constant (ceteris paribus). And it remains that way all the way up to PhDs - all the theories/models studied are based on *assumptions* or factors beyond our understanding.
@tooltalk And look, another conservative idiot who labels everyone who thinks free markets are a bad idea as a liberal and Obama lover. Play into party politics a little more and maybe someday, you will realize you are a complete moron.
So you disagree with me when I say they teach economics using simple models and then you say you start with idealized models holding everything constant and it remains that way to a PHD. Now explain to me how you aren't completely fucking retarded.
@LucidDreamz613 : eh? Puahaha.. okie.. there is really nothing to disagree / agree since you clearly demonstrated you have no knowledge on the subject matter. What's the point of discussing how and what materials are taught at PhD level when you have difficulty understanding the difference between idealized models vs. free-market?
@tooltalk I said idealized models use free markets for simplified purposes. I don't think that concept is hard to understand...then again, you are retarded so it might be for you.
Why would we be discussing what they teach at the PHD level? What does that have to do with anything? We are discussing what is taught undergrad. Try to stay on track.
Furthermore, much of today's textbook / college cirriculum are written by big gov't charlatans who for decades claimed to have discovered natural laws / mathematical models dictating the market movement / human action - and used such fradulent discoveries to justify gov't intervention in economics and swindle the public.
Free-market economics is the only school of thoughts that rejects such silly notions and have warned about unintended consequences of gov't
@tooltalk Much of today's textbook/college curriculum is biased towards regulation? Apparently, not only do you know jack shit about economics, you also know jack shit about colleges and our government in general.
@jmintube : Unfortunately that is still true in many countries - especially those lived under some sort of socialism or centrally planned economy or rejected free-market capitalism. In countries like Bangladesh, as Oxfam found out, when the gov't outlawed child labor, child prostitution increased. There are also other evidences, from the WB, that migrant workers' remissions to Guatamala have far greater positive impact on children than regulation - in areas like education, nutrition, health, etc
@hume1234561 Not quite. I'd say it's corporatism forcing many to do things under the table in order to survive at all. In a free society, there would be no black market for workers, because there would be no benefit in having one. Things would be transparent and out in the open with binding job contracts. It's not capitalistic to break the law - but it's corporativistic to have government give privileges to some, forcing others to make tough choices in order to keep their heads above water.
Focusing on and whining about what you don't have is a sure formula for failure and unhappiness. Throw in envy, jealousy and bitterness and you have hopeless losers. Sounds like the OWS gang.
This is a great common sense video. Anyone who does not agree has their head in the sand. Wake up and see what is actually going on in this country. It's calamitous. Anyone that supports higher taxes, bigger gov't, and the anarchy that's going on around this country will be very sorry in the near future. To those of you that have children. Be afraid for them. Be very afraid.
Schiff: "How much should I pay [in taxes]? What would be fair for me?"
Voice in the Crowd: "How about same as everybody else?"
I would hate to break it to that guy, but America does not have a flat tax or a higher tax on lower incomes. Those who are in favor of a flat, fair or mixed (like 999) tax system which would spread the tax system equitably are villainized. I believe every citizen should be taxed equally so no income brackets hatefully advocate raising taxes on another.
@MrConservative608 I prefer the Fair Tax for one simple reason. It stops taxing production and makes US made goods cheaper at home and abroad. This can only make our ability to export more favorable, and export and trade is how a nation's economy grows the quickest.
@dlstb I personally believe that 999 plan is the best plan because 999 or the Fair Tax (which are revenue neutral) are 6 of 1, half dozen of the other (excluding the 9% income tax) because the 9% corporate & 9% consumption is double taxation on new products but still lower than the Fair Tax proposal of 23% ((9% + 9% = 18%) < 23%). However, the 9% corporate tax will be embedded in the price of the product & the 9% sales tax will be on the sales receipt.
@MrConservative608 its actually 9999, just get rid of federal taxes, if they are necessary allow the states to implement them. for national defence just allow each state to pay a % , so long as americas military isnt still spead out across the planet then it wouldent be all that expensive to fund.
@MrConservative608 BUT, you are forgetting that he FairTax's sales tax rate is set to collect what we currently take in in income taxes. And, you are forgetting that the person left with the incidence of tax in all sales is the consumer, so what you have is an 18% sales tax and a 9% income tax. That is arguably far more taxation than you would have under the FairTax is ANY of your money went to savings and investments. Also, by ridding ourselves of income taxes, we get the chains off the laborer
umm, yes,spending is how you get out of a recession. It's much the same as investing, yet you have to invest in the right things. Go into debt for a college education and it almost always pays off eventually. Our elites don't want to create jobs here because of the labor costs. The Fed chairmen is considered the second most powerful man in America and Ben Bernanke is the same guy for both political parties. They're using Sun Tzu on the public and magicology...misdirection(confusion)
stanjz 1 week ago
the only schiff i listen to is adam schiff from law and order
LoopInc 1 month ago
very good
managarm1349 1 month ago
I mean what's it gonna take for us to wake up, a war??
Spjungen 2 months ago
America and Europe both need to get rid of this keynesian socialist paradigm once and FOR ALL. Unless we want the West completely destroyed...again.
Spjungen 2 months ago
@Spjungen I honestly don't know how people can't attest to greed. I cannot say that if I was going to get bailed out from debt, that I would reject it. That is a personal matter. The government should not be doing it in the first place.
I guess that's the interesting thing about a utopia- the people say they'll get along, they say everything will be fair and shared, but you offer a few people an advantage and a better life and they willfully accept it.
Durzavon 1 month ago
It's good to know there's at least one voice in Britain that also has a brain.
Spjungen 2 months ago
So... stupid socialism system is fucking up USA and USE at the same time... is it a coincidence? I guess not.
Pablo1517 3 months ago
@Pablo1517 It's no coincidence, all governments strive to increase their power at the expense of their citizens.
david52875 1 month ago in playlist Peter Schiff
@Pablo1517 If they want to share their wealth with the old and the poor, they can do that. Meanwhile, the rest of us have our own bills to pay, family to take care of, food to buy. Socialism isn't generosity. It isn't plentiful when they(gov.) take from another to give to another.
Durzavon 1 month ago
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The Privet counterfeit cartel perpetuates poverty and the welfare states that prostitutes there native born playing the Federal Reserve game rather than being a self supporting republic State that can't be a service to the needy but the greedy who puts money above people. America is DEAD.
GovernMentalFreedom 3 months ago
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I would like to remind everyone who says to Occupy Wall Street (OWS) protesters: ''get a job, goddam hippies'', that you are also saying that to the Iraq and Afghanistan War veterans who march with OWS, the farmers who have lost their land since the Recession who march with OWS, the carpenters who have lost their work , and every non-hippy citizen who might not necessarily be the focus of drama-addicted media reports who has lost out since the Recession .........who march with OWS.
Rogermiler 3 months ago
As a Progressive who watches Thom Hartmann show daily I still have an Economics degree. Whenever I feel myself slipping "too far to the Left" and thinking Utopian thoughts I go back and read my Hazlitt, Rothbard and Von Mises. It's a cold dose of reality for me even after a 30 year background of reading classical Economics. Heck, some of the ignorance I see on the Internet makes me wish some people would at least read "Wealth of Nations"...
Peace, Randy
randy95023 3 months ago
I noticed the pitch in Peter's voice goes higher and higher after every point he makes.
leejae 3 months ago
Does anyone else notice how this video is subtly censored with all too coincidental audio hiccups whenever a comparison between the European debt crisis and the US economy is made?
gnarlytats 3 months ago
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Peter is right about 90% of the time. But he keeps saying gold somehow is money per the Constitution?? BS. Peter has gold on his brain. Get off it Peter... In the mean time, there is another guy who just published a book on what everyone who is being taken advantage of can do to get back in the game after having their clocks cleaned... "Money Slaves And Cool Aid"... Get - The - Book dot com (solve the riddle and learn what to do). Good luck pounding it through their thick skulls Peter.
TMIAmerica 3 months ago
A rising tide raises all ships. "Socialists would rather the poor were poorer , provided the rich were less rich. " — Margaret Thatcher
watch?v=okHGCz6xxiw
AntiFed1791 3 months ago
Hannan for Prime Minister and Schiff for President!
hummarstra 3 months ago
@thespybreaker Capitalism is the disease, not socialism. Capitalism benefits only the 1%. Socialism benefits everyone because everything is owned by the public, rather than being undemocratically owned by selfish greedy rich private owners and corporations
shotsky94 3 months ago
@shotsky94 lol... application vs theory. Everyone can't vote goods into existence.
MotesTV 3 months ago
@MotesTV The people are in charge, rather than the corporations and thats the most important thing
shotsky94 3 months ago
HAhahah...These clowns are crazy.....Capitalism is a cancer that must be eradicated from the world before its too late.
shotsky94 3 months ago
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@shotsky94 Yes, if we only had Capitalism. But, we don't. And if you think we do, you don't know jack.
hummarstra 3 months ago
@shotsky94 And replaced with what?
GaryVolts 3 months ago
@GaryVolts whay do you mean??
shotsky94 3 months ago
Sounds like Peter's clone... called Stewart from Family Guy!
nixnix99 3 months ago
You guys need to End the Federal Reserve Bank, thats the Head of the Beast. Its a Private Bank, not Federal, its owned by private Global Bankers. They are the problem. Do your Research People. Most of your income tax goes to pay intrest to these bankers. They Federal Reserve act was voted on while everyone was on Christmas Vacation in 1913. Seach "creature from jekyll island". All the wars started after that, the bankers started the wars for PROFIT, they own the major corporations. WAKE UP
rocksiphone 3 months ago
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guys, check out my gold website please: sh1ny.com
bart12121314 3 months ago
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Communism is the goal.
Revolution is the way
Poverty is the bilss
Idiocy is the must.
platipot 3 months ago
It almost makes me sick to see a full blow fascist like Huckabee pretending to be a libertarian all of a sudden.
AustinW90 3 months ago
I'm pro-capitalism and entrepreneurship and I agree with lot of things Schiff says, but some statements are confusing. At @12:47 when asked about fact that big banks and insurance companies have got bailout, but not students (or small businesses) which needs it also, Schiff has replied that 'two wrongs does not make it right'. He has confirmed wrongdoing with that statement. But I do not get why none would need to be held accountable, rule of law (does he proposes just to forget it all?)
vladabuba 3 months ago
@vladabuba He's not proposing anyone get off, he points his finger squarely at Washington. That's one of the things that bothers me about the OWS movement- it sounds like they're basically saying they want their own bailout, then they'd be happy.
GaryVolts 3 months ago
So..I see. It was okay when competition was coming from Within Europe to form the European Union. Now that the competion is coming from China and India, therefore we must have a world union? Can we ever trust the PIED PIPER?????
fursatali 3 months ago
Huckabee is an Establishment Stooge - how did his handlers let this interview through the net?
dskillz1 3 months ago
Huckabee is a class act. Great interview.
TheBrendanxyz 3 months ago
Ooh, an interview with two guys I greatly admire! Awesome!
Bristecom 3 months ago
Does Huckabee know that both Schiff and Hannan support Ron Paul?
ric0rich 3 months ago
@ric0rich Does it matter?
OddRobb 3 months ago
Thank you Peter Schiff
eduardotoronto 3 months ago
Schiff is the man!!!
Shonenut213 3 months ago
A youtube that everyone should listen to!
aw12xy 3 months ago
What's with all the half second skips?
stuart00knight 3 months ago
@26libertarian It's the removing of the consumer that is the big problem. Mandates drive up costs greatly as well. People aren't allowed to buy major medical insurance across state lines. There is no free market.
The third party payer system exists because of perverse incentives in the tax code and govt. programs.
People don't pay premiums so they overutilize. They don't do that with car, homeowners insurance. People use insurance for routine care. It creates artificial demand.
joepeeler34 3 months ago
hannan rocks.
ashken79 3 months ago
It is absolutely crazy that many of you would support free markets....all they do is breed inequality, excessive pollution and "accidents"
Why can't anyone have a human agenda in economics.....a resource based economy for instance.
jmintube 3 months ago
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hayden50 3 months ago
@jmintube YA YA, WE NEED "RESOURCE BASED ECONOMY"..I WATCHED THE ZEITGEIST MOVIE & IT OPENED MY EYES.I WATCHED ZEITGEIST MOVIE & IT OPENED MY EYES.
WHY SHOULD I HAVE TO WORK ? PEOPLE SHOULD WORK FOR ME! OHH I MEAN THE MACHEENS WILL DO IT FOR ME! AND MACHEENS WILL MAKE THE MACHEENS! AND MACHEENS WILL MAKE THOSE MACHEENS! SEE NO HUMAN LABOR JUST FREE WEED! MONEY IS THE DEVIL,WAKE UP SHEEPLE..WAIT, WHAT WAS I TALKING ABOUT?
...OHH YEA! MONEY BAD, CAPS LOCK GOOD!
hayden50 3 months ago
@jmintube : well, that's no brainer. Most of us are able to see through you socialists / lefts wacko's propaganda and swindle. In fact, the whole world has been moving towards freer-market since late 1970's because of the poverty and mass starvation you bestowed on those bought into your scam.
In places like China, about 40 millions were starved to death in Mao's communes. Likewise in India, every few years, mass-famine wiped out millions barely surviving on the West's charity since 1960's.
tooltalk 3 months ago
@tooltalk you are lost. you just wrote a disturbing message outlining the criminal activities of totalitarian dictators.....surely I agree with you that what happened under these autocratic regimes is disgusting, now if you would like to debate about the track record of leftist governments, I suggest you start with sweden norway and denmark instead of autocratic regimes.... your argument compares to me saying that Nazi germany was a capitalist state and dont talk about famine the US causes it
jmintube 3 months ago
@jmintube : eh? India is a totalitarian dictatorship? You are trying too hard, but nobody is going to fall for such sloppy BS.
Of course, we all know that China's mass starvation had little to do with the deeply flawed economics system known as "socialism" - that lowered living standard and starved millions of others in Africa, Asia, and Latin America. Socialism stunk so bad that even the Nordics ditched it for gradual market reform since 1990's.
tooltalk 3 months ago
@tooltalk We could argue that the economic crisis in the USA "had a little to do" with george bush's younger days of alcoholism and experimentation of drugs....this wouldn't be a very solid argument..similar to yours where you claim that China's starvation "had a little to do" with socialist policies....first of all what socialist policies??? They never existed....you have been brain washed by neo-cons and pathetic journalism.
jmintube 3 months ago
@jmintube : eh? hahaha, desperately grasping for strawman. Are you going to also blame Mao for untold economic miseries in socialist / marxist sub-Saharan Africa? Is it also Mao's fault that India suffered decades of economic stagnation and poverty under Nehru's socialist utopia?
Mao did have some influence - on peasant rebels in places like Nepal and Peru (Shining Path). But like Deng's China, it was market-capitalism and private property rights that saved Peru (from SP).
tooltalk 3 months ago
@jmintube : And as I've said once before, it was the market capitalism that lifted millions out of poverty in China (starting with Deng in late 1970's , India (early 1990's). You needn't to look any further than Botswana that achieved the highest economic growth in the past 3-4 decades, along with Taiwan, South Korea, Singapore, while the rest of sub-Saharan Africa languished under different forms of socialism / marxism sold to them by the Soviet's and the West (50-80's).
tooltalk 3 months ago
@jmintube breed inequality, excessive pollution and "accidents" really is that all you can say inequality. You honestly sound like one of those guys on the occupy wall street junk that's doesn't understand the free market. Also that idea has been tried before and the zeitgeist promotes that same marxist bull crap in a freemarket you try and sometimes you fail that's just how it is and it is actually pretty equal. Anyone can fail but they at least can get ric is it not inequality its capitalism
bigJ09z 3 months ago
@bigJ09z You cannot fail in a resource based society. Education, food, shelter and other basic necessities are guaranteed. the "liberalization of the people"....something which liberals like to believe free markets will lead to....is the basic foundation of the zeitgeist movement....secondly, this line alone that you wrote: "Anyone can fail but they at least can get ric is it not inequality its capitalism" makes absolutely no sense whatsoever. Do you understand how free markets work?
jmintube 3 months ago
@jmintube All of that is guaranteed...I wonder who produces it?
UponInfinity 3 months ago
@UponInfinity it may come as a shock to you, but the iphone is not the best technology we have.....we have the technology to automate most of what we produce and in fact, in the current capitalist system, the only jobs that exist are the ones that cannot be automated profitably, so by definition, we will reach this point one way or another....the question becomes one of are we willing to accept the inevitable. For those jobs that cannot be automated you might ask, what's the incentive its simple
jmintube 3 months ago
@jmintube You only automate tasks when it's cheaper to do then use a person. So when the Fed forces interest rates to near zero is their supposed attempt to help unemployment, they are in fact helping to finance the replacement of human labor with that of capital equipment.
GaryVolts 3 months ago
a two class society. those who can vote and those who cannot. voting rights are given to those who work, those who do not work, cannot vote.....obviously there will be more to it than just that, to account for exceptions (students) and abuse (getting a job in order to cast 1 vote then quitting etc....) this might be a bit hard to comprehend, especially considering the fact that most of us are still concerned with the following question: Is there a God/afterlife?
jmintube 3 months ago
@jmintube You mean what I ment by people can get rich yes I get how the free market works unlike you who demonize it. Due to some inequality complex and you choose to play the victim oh life isn't fair cry me a river really so your a zeitgeist nut job. Its unrealistic at best and a terrible idea at worst people have always had some type of currency be it gold,money,silver ect. Then again it seems that im trying to talk to a zeitgeist socialist nut job who doesn't get the free market.
bigJ09z 3 months ago
@bigJ09z It's pretty obvious that the free market doesn't even get the free market when there's a recession, depression or crash every few decades.
NinjaManNBK 3 months ago
@bigJ09z It seems that I am talking to a free market lunatic nut job...I don't enjoy this name calling game but it seems to be the only thing people enjoy to do over the web....so be it
jmintube 3 months ago
@jmintube Just give up. This is how this goes: You: "Fact on why free markets don't work." Them: "Free markets are good." You: Fact 2 on free markets not working. Them: Socialism bad. You: Fact 3 on free markets not working. Them: YOU'RE A COMMUNIST! See how it works. You use facts such as collusion, environmental concerns, employee safety, overall social wellness, small business, etc. They respond with off topic anecdotes or irrelevent references to communist dictatorship countries.
LucidDreamz613 3 months ago
@LucidDreamz613 : I just love you libturds great logic.
jmintube: oh, resource economy great, socialism #1
me: didn't work in China and India.
jmintube: didn't work b/c it was all nazi and dictatorship
me: but India is the largest democracy.
jmintube; it's all Bush's fault.. Go socialism!
me: but how about other non-dictatorship in Africa?
jmintube: dictactorship bad..
that pretty much sums of you libturds reasoning process. that pretty much explains why this debate can't go on..
tooltalk 3 months ago
@tooltalk TY. "We" liberals pride ourselves on logic, so it's good you noticed...though I put quotes on the word "we" because I never mentioned anything about being liberal nor have I expressed any beliefs other than being anti-free market. You are just assuming I'm a liberal because I'm against free markets and you are an idiot that tries to connect dots that aren't there.
LucidDreamz613 3 months ago
@LucidDreamz613 : of course, you libtards pride yourselfs in illogic and logical fallacies, as I just demonstrated above, so it's good that you continue to prove my point.
".. another conservative idiot who labels everyone who thinks free markets .."
".. You are just assuming I'm a liberal because .."
ok, so where did I identify myself as a conservative? I'm a conservative?
You two idiots are hilarious! You two should get a room and start buttf'ng each other!! Puahaha!
tooltalk 3 months ago
@tooltalk You aren't very bright. You flame me for using a logical fallacy and then follow that flame with a logical fallacy. In one comment, you label me as a liberal despite me never sharing any political views other than free markets. Then you take my original response completely out of context. You neglect to mention that my next statement was that you are an idiot into playing into partisan politics. Me calling you a conservative was a satirical statement of you calling me a liberal.
LucidDreamz613 3 months ago
@jmintube They are somehow unable to grasp that there is a gray area between unregulated capitalism and ironfist communist dictatorships.
LucidDreamz613 3 months ago
@LucidDreamz613 I'm glad to see that there is at least one other individual out there with some common sense.
Thanks.
jmintube 3 months ago
@jmintube There's still a few of us that know the difference between correlation and causation..Some of us that recognize that when free markets did work, communication and organization between businesses wasn't as easily achievable, business was generally localized, conglomerates were virtually nonexistant, there was no global economy, no insider trading, no accounting standards, poor and dangerous work conditions were acceptable, no environmental concerns...I'd go on but I'm out of characters.
LucidDreamz613 3 months ago
schiff is a smart guy huckabee is an asswipe jerkoff
phildirt3 3 months ago
Simple fact came out of this:
Real businesses create REAL jobs, NOT government.
dobberdoss 3 months ago
Vegetables hate the tongue but loves the cells. Candy loves the tongue but hates the cells. True liberty vs central planing. Wait. isn't everything being planed right now? And now the protests begin. The cells are mad.
GudButtaBread 3 months ago
Vegetables are nasty. Candy is sweet. The mases love government intervention. But true freedom requires autonomy, education, and a brain to think FOR YOURSELF....
GudButtaBread 3 months ago
Anyone else think Mr. Hannan looks like GoB from Arrested Development?
fusionsoul 3 months ago
Fascism [is] the precise negation of that doctrine which formed the basis of the so-called Scientific or Marxian Socialism. (p. 30) Geovani himself wrote in 1932.
bl782 3 months ago
Are you serious? Did Schiff really bring up Steve Jobs? Not only was Steve Jobs notorious for hating corporate types but he says "how many people benefit from Apple products?" Well...that's funny. Apple had a 40% gross profit margin in their FY 2011 which ended in September and a 25% net margin. Who profitted? Friggin Apple. It's right on their income statement. Their products are priced gouged to hell.
LucidDreamz613 3 months ago
@LucidDreamz613 Steve Jobs ike micheal moore would not have their opinions herd if people did not buy their products. They are private individuals, and I dont here either them lobbying for the government to employ them specifically. I have never have read, or have listen steve job stating that the government should run apple, or regulate apple. I never read or have listen to moore calling for the same thing, or regulation.
bl782 3 months ago
@LucidDreamz613 Micheal who hates capitalism in 2004
.
I quote according to Moore, "someone connected to the White House, a top Republican" has put pressure on film companies not to release the movie.
Capitalism is private gain, and private loss. This is fascism, and no one likes to talk about that system, which George Orwell wrote an essay titled " what is fascism" to intirgue people to try and learn more about it then degrading it tothe level of a swearword.
bl782 3 months ago
@bl782 Not seeing the connection to my comment on Steve Jobs and job creation.
LucidDreamz613 3 months ago
@LucidDreamz613 Moore - who famously cried, 'Shame on you Mr Bush' as he received his OSCAR in 2002 - is now hoping MIRAMAX bosses BOB and HARVEY WEINSTEIN will distribute the film after DISNEY refused to. I hated Bush W., too what watch his film, specifically to give money to what ever cents on the dollar he ends up with. I like moore. I disagree it capitalism fault.
bl782 3 months ago
"The Doctrine of Fascism" ("La dottrina del fascismo") is an essay written by Giovanni Gentile, but credit is given to Benito Mussolini. It was first published in the Enciclopedia Italiana of 1932, as the first section of a lengthy entry on "Fascismo" (Fascism). The entire entry on Fascism spans pages 847-884 of the Enciclopedia Italiana, and includes numerous photographs and graphic images.
bl782 3 months ago
What moore claim the Bush administration had done is quite fascist. State intervention in economic production arises only when private initiative is lacking or insufficient, or when the political interests of the State are involved. This intervention may take the form of control, assistance or direct management. (pp. 135-136) of that essay and or book.
bl782 3 months ago
here are some other quotes from Gentiles ideology. The corporate State considers that private enterprise in the sphere of production is the most effective and usefu [sic] instrument in the interest of the nation. In view of the fact that private organisation of production is a function of national concern, the organiser of the enterprise is responsible to the State for the direction given to production.
bl782 3 months ago
The Fascist State lays claim to rule in the economic field no less than in others; it makes its action felt throughout the length and breadth of the country by means of its corporate, social, and educational institutions, and all the political, economic, and spiritual forces of the nation, organised in their respective associations, circulate within the State. (p. 41).
bl782 3 months ago
@LucidDreamz613 Fascism attacks the whole complex of democratic ideologies and rejects them both in their theoretical premises and in their applications or practical manifestations. Fascism denies that the majority, through the mere fact of being a majority, can rule human societies; it denies that this majority can govern by means of a periodical consultation; it affirms the irremediable, fruitful and beneficent inequality of men. (p. 31)
bl782 3 months ago
@LucidDreamz613 Fascism [is] the precise negation of that doctrine which formed the basis of the so-called Scientific or Marxian Socialism. (p. 30)
bl782 3 months ago
@LucidDreamz613 A key concept of the Mussolini essay was that fascism was a rejection of previous models: "Granted that the XIXth century was the century of socialism, liberalism, democracy, this does not mean that the XXth century must also be the century of socialism, liberalism, democracy. Political doctrines pass; nations remain. ......
bl782 3 months ago
@LucidDreamz613 ........We are free to believe that this is the century of authority, a century tending to the 'right', a Fascist century. If the 19th century was the century of the individual (liberalism implies individualism) we are free to believe that this is the 'collective' century, and therefore the century of the State." Geovanni Gentile thought is sytem like marx could provide for all as plenty of "corprate types" and government shill think they manage
bl782 3 months ago
@LucidDreamz613 The Brit was right, this is anything but capitalism. Bailouts do not exist period. tax dollars do not got to private individuals in any defintion linked to capitalism.
bl782 3 months ago
@bl782 You're kind of going on and on about random things that have nothing to do with what I said...I'm still not seeing the relevence of any of this in regards to job creation.
LucidDreamz613 3 months ago
Peter Schiff will be in a history book.
NinkasiDelight 3 months ago 2
Perfectly explained, it's time to go after congress and the FED.
vonGleichenT 3 months ago
you just got to love Peter :) Don't know anyone who explains economics as good as he does! Thumbs up for Peter!!!
patrickdegrijs 3 months ago
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Ron Paul 2012
jasonschall 3 months ago
Amazing...it's like watching Batman and Robin!
Keep it up guys!
smasila 3 months ago
Schiff in this show a businessman. They should bring him back as the economist that predicted the current economic crisis.
danmannz 3 months ago
If you want to compare apples to oranges in health care, you'll have to go back to when the U.S. had a roughly free market in health care in the early 60's.
Cost weren't out of control relative to people's wages
There wasn't red tape, bureaucrats and HMO's (govt. creations) between Dr. and patient.
Poor got pro-bono care from doctors/hospitals. All Medicare-Medicaid did was TRANSFER costs from taxpayers to health care professsionals for care formerly given for free or at reduced cost.
joepeeler34 3 months ago
@26libertarian You can label my thinking as an ideology, but unless you can offer an alternative that actually WORKS in the real world, your labeling and claim of my downfall is just empty finger-pointing. Yes, these are my ideas, and my ideas align with the concept that in America, if you favor any policies that let the government either ignore or reach outside the boundaries of the constitution, designed to limit government from too much power, you favor leftist ideas, which are unsustainable.
solankre 3 months ago
@26libertarian That's because the resort to price controls. The HMO's and Medicare/Medicaid do that to a degree, but it isn't wide-spread in the U.S. yet.
But there is no free lunch. The U.S. state managed care system is only a difference in degree, not type from other socialist systems.
The price controls mean wide-spread rationing, long waits for non-emergency surgeries, less R & D spending, doctor and specialist shortages, long lines, etc.
Google doctor lottteries in Canada.
joepeeler34 3 months ago
@26libertarian your talking points about things like welfare made me think you were in favor of socialism. Welfare IS socialism. Anything that takes from some and gives to a select group by government IS socialism. Capitalism is simply the practice of the idea that each person individually earns profits and may spend or invest them as they choose, and that's for everyone, rich or poor. When you forcibly take from one to fund something that isn't helping them, it's socialsim, and it fails.
solankre 3 months ago
Do you even know what pure capitalism means? It means no use of force. That means no social welfare state (a voluntary welfare society as our ancestors had instead), it means no income tax, it means no subsidies, mandates, public-private partnerships, free banking, interest rates, and money (now those are regulated-controlled by the FED), no state-created cartels, no regulations to create barriers to entry, etc.
We have had a progressive-corporatism system since the Progressive/New Deal eras.
joepeeler34 3 months ago
Get me a link of the Federal Register. Show me how it has been reduced. It doesn't exist. Bush expanded the regulatory state at the fastest pace since another Republican in Nixon.
We used to have a voluntary welfare society composed of churches, pro-bono care, mutual-aid societies, fraternal organizations, private charities, friends, neighbors, family, etc.
That was replaced with the force, fraud, and waste of the welfare state. Now the middle-class and wealthy get welfare.
joepeeler34 3 months ago
Corporatist measures include subsidies (leftists are for these so long as they are for "progressive" ends), mandates, public-private parthershiphs, tax credits that only some can access (again, leftists love these so long as they are for "progressive" ends), state-created cartels (see Federal Reserve), collectivized risk (govt. gurantees, FDIC, etc.), and on and on and on.
The govt. created a state managed care system in health care. There is nothing free market about it. Observe the results.
joepeeler34 3 months ago
@26libertarian Unregulated? HA! You aren't entitled to your own facts. The Federal Register has grown like a cancer.
What do you think the Federal Reserve is if not the world's largest regulator. We don't have a free market in money, banking, or interest rates. Socialism is central planning. We are dieing from all the central planning.
And you don't understand the difference between capitalism and corporatism. Corporatism is when govt. and business get in bed.
joepeeler34 3 months ago
@26libertarian A dam site further than it does in America........
erushbass 3 months ago
@26libertarian Also, bailouts are part of government intervention, as is printing more money to try fixing things or hooking up bad businesses and banks. Govenment intervention in these terms is, that's right, SOCIALISM. Capitalism does not include extra government activity like this interfering with the markets.
solankre 3 months ago
"bring back capitalism as an answer and youll earn $2 a day"
Couldnt agree more, thing is your $2 will buy what $100 dollars does today.
erushbass 3 months ago
@erushbass Exactly what i was trying to say, Money now is not worth what it was say before the Fed was created and when we came off the gold standard in 71 i believe.
mikizzle1 3 months ago
@26libertarian The uninformed and misguided masses are what keep the criminals that are in bed with certain corporations in office, the people still have the power to remove them but targeting all big corporations that are seeking profits won't solve our problems. And you can attack capitalism and talk about how socialism is helpful but the socialist aspects of our current system are unsustainable. When it all comes crashing down, it's the employees you speak of that will suffer the most.
solankre 3 months ago
@26libertarian No it doesn't, but nice try. We don't have pure capitalism and never have.
pizzanbeer11 3 months ago
@pizzanbeer11 We have been closer to it in the past though, and during this time America paid the highest wages in the world.
26libertarian is full of shit......
erushbass 3 months ago
O and Peter doesn't sound right he was right.
mikizzle1 3 months ago
@26libertarian You sound like your for bailouts is that so?
mikizzle1 3 months ago
@26libertarian I think you have no clue what true capitalism is what a true free market is. I'll be wasting my time explaining it to a moron as yourself.
mikizzle1 3 months ago
@26libertarian I bet if we had true capitalism 2 dollars a day would be enough to live comfortably
mikizzle1 3 months ago
Daniel should've name dropped Ron Paul at the end there.
helpendthefed 3 months ago
@26libertarian Or keep socialism and before long $2000 a day will not be enough to keep you out of poverty.
solankre 3 months ago
@26libertarian Contract law should be more than enough to protect employees, as long as those upholding the law can be held accountable. The problem people working for industries have had were employers finding loopholes and abusing the legal system to get out of fulfilling employee contracts. Unions were formed to overcome this, but then a new problem comes when businesses are asked or forced to do more than they would have reasonably agreed to, leading to reluctance to hire more people.
solankre 3 months ago
Love you Peter but please don't continue to use your OWS interview. The people you interviewed are complete morons. There are intelligent people out there that feel like they are between two insensitive sides of a vice that are squeezing the hell out of them: big business on the right and big government on the left. This movement is not going to go away. . .
0gods 3 months ago
@0gods As far as I can tell he hasn't been avoiding any confrontation with anyone on these topics, so I'd be curious to see any of these intelligent people you speak of counter any of Mr. Schiff's arguements or stances with something that works in the real world.
solankre 3 months ago
@solankre You missed my point completely. Peter's message is valid on its face; it doesn't need to be commingled with Fox "News" propaganda to get legs. If anything, the Fox "News" propaganda ministry hurts the credibility of the message because people who might otherwise listen carefully to it simply dismiss it as part of the divisive drivel and outright bullshit that is spewed 24x7 by Fox "News."
0gods 3 months ago
@0gods If I missed your point it's probably because I never saw you mention Fox at all in the post I responded to. With that said, I'm sure Mr. Schiff would be happy to explain his points on another news medium if that will give him more credibility. It's not his fault that Fox was being fair with him.
solankre 3 months ago
@solankre Fair enough. And, thankfully, Mr. Schiff is on many many networks getting out his arguments.
0gods 3 months ago
@26libertarian If the government played its role and mostly stayed out of the way of businesses and just made sure people upheld their contracts, that $2 a day would put someone at least in the middle class, since things like gas and milk would cost just a few cents a gallon. Yes, inflation would have been that low. No system is more fair than lawful capitalism.
solankre 3 months ago
Hannon @2:10 - "What is the collateral?" Answer - The very lives and productivity of the people who are OWNED by the government.
wymx1 3 months ago
Hannan rules, Schiff is a smart fellow, and Huckabee is a blighted tumor laden mole-rat.
KCatalano88 3 months ago
Oh my....by the content of this video and the quality/nature of the comments.....I'd say that we are in for a big problem. I find it troubling that so many people have faith in free markets and the cutting of regulation....it makes me very worried about our future as a species(but then again, most liberals and conservatives are not concerned with this)
Anyhow, I can list a million nice and simple examples of how your free market worshiping and capitalist loving ways are very destructive....
jmintube 3 months ago
@jmintube
It makes me very worried that you can talk in generalities and presume it to actually prove a point. You cannot list a million nice and simple examples of how free markets are destructive. Period.
I can give you millions upon millions examples as to how socialism is destructive. I'm of course assuming that if you are against free markets you are for socialism in this case. Those examples are millions upon millions of people murdered by out right socialist governments.
601373 3 months ago
@601373 Clearly you have been misinformed. A socialist state has never managed to kill a million people. Certainly you are speaking of totalitarian states such as Soviet Russia, North Korea, Fascist Italy and Nazi Germany......I don't think that you would include Sweden, Denmark or France on this list of yours. Secondly, I am not a socialist.....I will give you another chance to think outside of the box.....good luck
jmintube 3 months ago
@jmintube care to name just a few?
solankre 3 months ago
@solankre The basic idea behind free markets is that people are rational and will act in their best interests.....This is simply not true and because of this reality we need regulation to protect ourselves from our own stupidity. On another level, let's say the major airline carriers had regulations lifted, they would cut financing safety testing in order to boost capital and invest in more marketing, thus the likelihood of a "bucket of flying bolts" would increase etc take a look at monsanto
jmintube 3 months ago
@jmintube The amazing thing about free markets is, businesses have to earn the trust and loyalty of customers, because customers can either go to another provider of goods or services, or they can simply refuse to obtain that good or service. If those airlines really allowed safety standards to drop like that, it wouldn't take long for people to be informed of this in a big way and that business wouldn't find much in the way of customers for long.
solankre 3 months ago
@jmintube Also, people that are stupid enough to let their safety be blatantly compromised like that are going to find some way to let their stupidity get the better of them. How do you justify going out of our way to protect people from their own irrational behaviors? How would you stop them from sticking their hand in a socket or falling and breaking their leg? Do you actually want your life so controlled that you can't go to the bathroom without someone making sure you are safe each time?
solankre 3 months ago
@solankre You are delusional. free markets will only produce collusion and corruption....take a historical approach to back your claims rather than spewing textbook ideals. Historically speaking, free markets have produced massive inequality, low safety standards, low wages/job security.....take a look at the industrial revolution in america......it doesn't get any more free than that....child labor....
jmintube 3 months ago
@jmintube : I'm not sure you libturds think you could get away with DNC's / socialist propaganda here.
Honey, inz pre-industrial era, average life expectancy was at least 10-20 years lower and most people lived in substance economy (barely able to survive). Furthermore, since everyone had barely anything to eat for themselves, much less have enough food or resources to send their kids to school, children had to work. This is true today in many underdeveloped countries.
tooltalk 3 months ago
@jmintube People fail to realize they are taught economics in a free market environment for simplicity. Imagine a classroom trying to teach supply and demand with a conglomerate that can operate at a loss and use predatory pricing to shutdown all of the competition or a classroom with businesses that monopolize products and collude to drive up prices. "And here we have the supply and demand curve and take special note, that no matter how to move the curves, price remains the same."
LucidDreamz613 3 months ago
@LucidDreamz613 : it seems like you never went beyond the first semester of community college.
Yeah, imagine having to teach everything in simple Supply & Demand ISLM that models don't work in reality, because of various gov't distortions such as state sponsored monopolies, price fixing / money control, labor laws / wage control, political lobbying by unions, lawyers, etc..
Most accredited universities in US offer economic classes in banking / money / public-sector / international trade
tooltalk 3 months ago
@tooltalk And it seems like you and your derogatory self should gobble down my fat accredited dick. Obviously, basic principals of market distortion are covered, for example tariffs or government subsidy, but there's no way you are going to get a full picture of reality in an undergrad degree. If you think free markets work, maybe you should at least take a semester at community college.
LucidDreamz613 3 months ago
Comment removed
tooltalk 3 months ago
@LucidDreamz613 : oh boy, another 3rd grade libtardo from the DNC's office of propaganda. How about stop sucking Obama's cock for a minute to learn?
Honey, you just made it too obvious that you ended ur elementary schooling a bit too early. In most college econ101, you start with *idealized* models holding everything else constant (ceteris paribus). And it remains that way all the way up to PhDs - all the theories/models studied are based on *assumptions* or factors beyond our understanding.
tooltalk 3 months ago
@tooltalk And look, another conservative idiot who labels everyone who thinks free markets are a bad idea as a liberal and Obama lover. Play into party politics a little more and maybe someday, you will realize you are a complete moron.
So you disagree with me when I say they teach economics using simple models and then you say you start with idealized models holding everything constant and it remains that way to a PHD. Now explain to me how you aren't completely fucking retarded.
LucidDreamz613 3 months ago
@LucidDreamz613 : eh? Puahaha.. okie.. there is really nothing to disagree / agree since you clearly demonstrated you have no knowledge on the subject matter. What's the point of discussing how and what materials are taught at PhD level when you have difficulty understanding the difference between idealized models vs. free-market?
tooltalk 3 months ago
@tooltalk I said idealized models use free markets for simplified purposes. I don't think that concept is hard to understand...then again, you are retarded so it might be for you.
Why would we be discussing what they teach at the PHD level? What does that have to do with anything? We are discussing what is taught undergrad. Try to stay on track.
LucidDreamz613 3 months ago
@LucidDreamz613 :or unknown.
Furthermore, much of today's textbook / college cirriculum are written by big gov't charlatans who for decades claimed to have discovered natural laws / mathematical models dictating the market movement / human action - and used such fradulent discoveries to justify gov't intervention in economics and swindle the public.
Free-market economics is the only school of thoughts that rejects such silly notions and have warned about unintended consequences of gov't
tooltalk 3 months ago
@tooltalk Much of today's textbook/college curriculum is biased towards regulation? Apparently, not only do you know jack shit about economics, you also know jack shit about colleges and our government in general.
LucidDreamz613 3 months ago
@jmintube : Unfortunately that is still true in many countries - especially those lived under some sort of socialism or centrally planned economy or rejected free-market capitalism. In countries like Bangladesh, as Oxfam found out, when the gov't outlawed child labor, child prostitution increased. There are also other evidences, from the WB, that migrant workers' remissions to Guatamala have far greater positive impact on children than regulation - in areas like education, nutrition, health, etc
tooltalk 3 months ago
Come on Huckleberry... have Ron Paul on your show. He's not a complete fake like you are. And unlike you, he still pulls huge ratings.
cfaz10 3 months ago
These guys are hoss.
BagofHay 3 months ago
Long live the republic! Long live the free market! Ron paul 2012
DANYHWH 3 months ago
businesses get around labour laws by hiring immigrants. can be hired easily on the black market and fired instantly. capitalism at work!
hume1234561 3 months ago
@hume1234561 Not quite. I'd say it's corporatism forcing many to do things under the table in order to survive at all. In a free society, there would be no black market for workers, because there would be no benefit in having one. Things would be transparent and out in the open with binding job contracts. It's not capitalistic to break the law - but it's corporativistic to have government give privileges to some, forcing others to make tough choices in order to keep their heads above water.
dradeel 3 months ago
I don't watch (or really like fox news) very much, But I love Schiff and Daniel touched by heart with his closing statement. RP or bust!
scalp340 3 months ago
Good segment! Though the video was skipping and stuttering a little.
Jotto999 3 months ago
This has been flagged as spam show
Focusing on and whining about what you don't have is a sure formula for failure and unhappiness. Throw in envy, jealousy and bitterness and you have hopeless losers. Sounds like the OWS gang.
carcabe 3 months ago
This is a great common sense video. Anyone who does not agree has their head in the sand. Wake up and see what is actually going on in this country. It's calamitous. Anyone that supports higher taxes, bigger gov't, and the anarchy that's going on around this country will be very sorry in the near future. To those of you that have children. Be afraid for them. Be very afraid.
joncar5207 3 months ago
and now the ECB wants to cut rates again. Truly visionary, lolololol
LegSpreader69 3 months ago
What a brilliant segment this was. Getting opinions from my countryman Daniel was such a great way of complementing Schiff. Brilliant.
Tracywithafacey 3 months ago
notice how fox only showed that part of the clip and not the other portions.
Xenthoid 3 months ago
Schiff: "How much should I pay [in taxes]? What would be fair for me?"
Voice in the Crowd: "How about same as everybody else?"
I would hate to break it to that guy, but America does not have a flat tax or a higher tax on lower incomes. Those who are in favor of a flat, fair or mixed (like 999) tax system which would spread the tax system equitably are villainized. I believe every citizen should be taxed equally so no income brackets hatefully advocate raising taxes on another.
MrConservative608 3 months ago
@MrConservative608 I prefer the Fair Tax for one simple reason. It stops taxing production and makes US made goods cheaper at home and abroad. This can only make our ability to export more favorable, and export and trade is how a nation's economy grows the quickest.
dlstb 3 months ago
@dlstb I personally believe that 999 plan is the best plan because 999 or the Fair Tax (which are revenue neutral) are 6 of 1, half dozen of the other (excluding the 9% income tax) because the 9% corporate & 9% consumption is double taxation on new products but still lower than the Fair Tax proposal of 23% ((9% + 9% = 18%) < 23%). However, the 9% corporate tax will be embedded in the price of the product & the 9% sales tax will be on the sales receipt.
MrConservative608 3 months ago
@MrConservative608 its actually 9999, just get rid of federal taxes, if they are necessary allow the states to implement them. for national defence just allow each state to pay a % , so long as americas military isnt still spead out across the planet then it wouldent be all that expensive to fund.
CLeach13 3 months ago
@MrConservative608 BUT, you are forgetting that he FairTax's sales tax rate is set to collect what we currently take in in income taxes. And, you are forgetting that the person left with the incidence of tax in all sales is the consumer, so what you have is an 18% sales tax and a 9% income tax. That is arguably far more taxation than you would have under the FairTax is ANY of your money went to savings and investments. Also, by ridding ourselves of income taxes, we get the chains off the laborer
dlstb 3 months ago