Peter Schiff Interviews Keynesian Economist Laurence Kotlikoff 01-18-12

[unholysaint666]

This guy is going to make me vote for Obama.

[benjamindees]

Too little, too late.

[PrivateAckbar]

This guy is Ron Paul's retarded Keynesian doppelganger.

[PrivateAckbar]

This mans mind lurches.

[chapaev36]

Oh, my God.  I keep listening and this keeps getting worse. This guy talks like a fucking bureaucrat. Disgusting.

[chapaev36]

Geoffrey Sachs wrote an introduction to one of Kotlikoff's books. This tells you everything you need to know.

[papeeboy]

the funny thing is that this guy agrees with Schiff throughout the whole conversation!! hahaha

wat a clown!

[badvariance]

The reason its not a coordination failure is that these companies are not hiring, because hiring will cause them to go broke. What happens if you put all these people in to work and there is the same demand for these goods and services. It just means that the money is split more, with each individual getting less. You can argue that aggregate demand will go up. As a result , but it is simply wealth distribution. Other people will earn less as a result or companies will go under.

[badvariance]

@badvariance The real solution isn't to micromanage the problem and prolong the inevitable pain and suffering, the solution is to allow the market correction to happen. But that will be too painful and the folks at the fed will never let that happen. In conclusion we are all fucked, buy gold, silver and commodities :)

[flynn2008]

It seems like Laurence Kotlikoff is focusing on the door knob but misses the whole house in the distance. Businesses hiring workers because the employees are capital making assets. There's no capital gain in firing workers who are productive in the first place.

[2wheels88]

I THINK THEY'RE BOTH WRONG.Although Peter knows much more than this guy on the current system.The answer to the worlds problems is to get Rid of the banks once and for all.remove inflation deflation and interest payments.Only one system does this and government,Banks and controlling oligarchs have tried to keep this from you for 43yrs.It's called MPE Mathematically Perfected Economy.Created by a Genius,it puts the creation of cash back into the hands of the sovereign human being.Study Up!!!

[ditttch]

This guy is a professor at Boston University? I wouldn't hire him to mow my lawn. Unfortunately, his brand of ignorance and stupidity is all to common anymore. Laurence Kotikoff=pathetic failure.

[baydood510]

Peter you destroyed that jackass...

[wakeguy5]

This guy Kotlikoff is actually retarded.

[DuncanL7979]

Please, never have this retard on your show again Peter. It was painful.

[runarolsen]

Did this Kotlikoff actually go to school to learn this crap? He seems not to understand what productivity is all about!

[Tempolisto]

Anyone that watches/watched this should also check out (youtube) Hugh Hendry and Laurence Kotlikoff where Hendry crushes Kotlikoff's delicate sensibilities.

[Tempolisto]

@Tempolisto Just as an addendum watch Hugh Hendry's 'Greatest Hits' on youtube there is a Kotlikoff segment lots of fun!

[Tempolisto]

@Tempolisto I take that all back it wasn't Kotlikoff...ignore me please

[Concept0000]

This pure comedy! Peter destroyed him

[jmjargon]

Wow Kotlikoff is so 'balanced' and 'non-partisan', how 'rational' of him.

[Tidoublemy]

This guy is extremely arrogant. I'm sure that works among the dunces but Peter complete outclassed him. Go Schiff!

[dbakken]

Is this guy really an economist? Doesn't speak well of their profession.

[kennyvii]

Ouch, thank you Lord for making me too stupid to succeed in college and become a dead headed zombie like this guy.

[Bergertim]

Keynesians are collectivists and communists.

[999silverhk]

listen to Kotlikoff is wasting my time.....

[zgibson25]

This guy is a complete idiot!!! Good job Peter for putting this guy in his place.

Ron Paul 2012!!!

[intrigid]

One really obvious flaw in the keynesian's arguments that never seems to be pointed out is this: He talks about how coordinated hiring can help boost demand in the economy. Isn't price determined by demand versus supply? Since the first thing that poor, recently-hired people do is run and and buy food, isn't his plan going to drive up the cost of food, making life even harder on the poor?

[ShinyRealMoney]

Awesome points they left out a factor though. Average household income has been around $40,000 a year for 10 or maybe even 20 years. Anyone knows that inflation has been going up in real terms at least 5% year over year. Combine that with higher taxes(Bush cuts not withstanding) the outcome of the "08 crisis, and people trying to keep up with the Jones', people are spending the money that they would've saved on the items needed to get by in everyday life.

Ron Paul 2012 & Jesus saves lol

[bowtie728]

Kotlikoff. Retard.

[Tracywithafacey]

My good god this guy is a professional economist?! What an ignorant person. If he thinks that the government is able to equate supply and demand, and did so to bring us out of the Great Depression, i mean come on. This guy is making me comment like crazy i can't help it!

[Tracywithafacey]

So, as President, i would lecture CEOs on how they should do business... Fool.

[Tracywithafacey]

Keyne's animal spirits... This is an appalling cop out of a theory which frustrates me everytime i hear it. The notion that companies are behaving totally irrationally, all at the same time for no apparent reason other that animal spirits has no part in economics for me. The fact is there are very economical reasons for such actions on the part of companies, but because they were long term structural problems, people just think that it had no effect. Get a grip.

[Boeing727223]

A true schoolin done by Peter Schiff....my questions is how many kids did this Kotlikoff brainwash over the years at their parents expense?

[EnnesX]

@Boeing727223 My educational background is in economics and at the undergraduate level there is not much opportunity to brainwash because you are lucky if you can get college kids to even be able to regurgitate the rudimentary details of one or two economic models. The real brainwashing occurs at higher levels of academia when professors like Kotlikoff oversee the development of graduate students' thesis and/or research.

[Boeing727223]

@EnnesX Great point!

[MrJustice01]

When the guy is out of arguments, he repeat his credentials as "professional" economist.

[highandwired]

And this guy supposedly owns a business? This Keynesian "economist" has no idea how jobs are created and has no idea what the role of the government should be. Ron Paul 2012!

[beavis408]

Paul Krugman disliked this video.

[aratsky2]

It's impossible to argue against the TRUTH. That's why Peter School'd this kid.

[roseagain2]

Thanks for posting! I hope Peter and this talk again.

[aem945532]

I think Laurence is convertible! Give into the force Laurence. Come away from the Dark Side!!!

[bigtex1453]

Good segment. I hope Peter has him on again.

[dirksilver]

interesting discussion