Profile
Channel Views:
10,740
Joined:
Jul 28, 2008
Website:
http://horrordemons.forumot...
http://horrordemons.forumot...
About Me:
Private personality type. Takes the conservative approach, comfortable with neutrality, and believes in honesty as a staple of trust.
Prefers evidence to rumors.
Not a fan of malinvestments, or the welfare state. Both are known in economics as the "free lunch myth".
People are taught Keynesianism in college, and never learn Libertarian economics (a.k.a. Austrian economics). A select few have studied the works of Von Mises, Hayek, Rothbard, and Hazlitt.
Peter Schiff accurately forecasted the recession before it occured, and did so with an understanding of the Austrian Business Cycle Theory.
Whilst Ben Bernanke continues to promise economic recovery, he has no fundamental understanding of the Austrian School.
Austrian economics is becoming more popular as it explains the causation of the meltdown, and provide solutions, such as ridding our country of the Federal Reserve.
Liberate America.
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Keynes was a smart man, but when will we realize Keynesian economics isn't working? It was a noble trial, but the error is a $14 trillion debt, a $700 billion defense budget, and $60 trillion dollar unfunded liabilities.
Austrian economics is more efficient.
The Advantages:
Increased Production
Capital
Lower taxes
Limited Bureaucracy
Rights
Lower interest
Capitalism
Agriculture
A stable economy
Increased profit (consumers spend more in a better economy)
A larger private sector
Decreased debt
Exports
Valuable currency
Country:
United States
Music:
Classic rock
Books:
anything by Plato (mostly because of Socrates), Atlas Shrugged by Ayn Rand, The Theory of money and credit by Ludwig Von Mises, Common Sense by Thomas Paine
Subscriptions
(439)
Subscribers
(55)
Favorite Channels
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Featured videos from the Ludwig von Mises Institute.
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Intellectual Influences:
Ludwig von Mises... |
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This is the official Peter Schiff channel. Please subscribe to hear my current economic...
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advocating the moral superiority of liberty
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