Prof. John Harvey Debunks 12 Of Peter Schiff's Ignorant Fallicies
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Uploaded by SchittReport on Jul 5, 2011
Excellent, old boy - exactly what we've been saying here for the past year - thanks for writing that article - it blows away almost all of Petey Parrot's ignorant fallacies in one go.
Full article:
http://blogs.forbes.com/johntharvey/2011/07/02/learn-to-love-the-deficit/
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Uploader Comments (SchittReport)
All Comments (21)
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@MegaKolen we simply dissagre and i´ts no use to argue.I rely on facts witch are undisutaputable and well known.If you rejetc facts i don´t know what more to say.Have a good day sir,
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@zsylvana What youre really saying is that because you think the recession happened due to those things you mentioned, anyone who says otherwise must have been wrong. Top notch, my friend.
And for the record, I have read his article. I have not given you any reason for you to think to the contrary. Simply disagreeing with you is hardly a reason to think this.
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@MegaKolen Since the crise in 2008,was caused by excessive debt and reckless lending to individuals in a system of ineffective financial regulation,and this has nothing to do with entrepreneurs making malinvestments in capital goods,that shift output into the more remote future, as in i Austrian Buisness Cycle,i could not see that they have anytical tools to "forecast" the crise as Peter Schiff a loud advocate for that school claim.You should read whole J.Harveys article before you write.
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the article by john harvey says "sure, you can spend your way out of a recession" not that lack of spending caused the recession.
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@SchittReport Then let me repeat them- the premise that lack of spending caused the recession does not imply that therefore GOVERNMENT spending will end the recession. Even if as a matter of technicality there would be an increase in GDP, that doesn't mean the well being of the American people is improved. In short, its a meaningless broken windows fallacy.
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don't see any comments of that nature from you.
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The one about "sure, you could spend your way out of a recession." SchittReport, Dude you're an idiot. During those times, we actually MADE stuff in the USA but now. we don't make shit here. Please tell me logically how spending more brings us out of a recession when it creates more debt. I'm in $8,000 debt. Should I spend more money to get out of debt? Please tell me how this works.
PeTroL420 7 months ago
@PeTroL420
#1. read the article by prof. john harvey BEFORE you make stupid comments
#2. what makes you think i'm interested in explaining this to a person diddling in a few grand of assets or debt?
#3. if you wish someone who is highly educated and knowledgeable to explain to you how the world works, then say "please" instead of calling them an "idiot"
#4 on second thought, since you are rude, stupid and obviously a peasant - you won't get a second chance
SchittReport 7 months ago
dubious,, ratings not allowed. why? facts are good right? evasion of the truth is not right. I don't have to watch read or listen to anything that can't face the music. get a life and get off youtube. you wasting time living the "peter keating" character. you are thus a 'secondhander' mail me if I am out of line or misunderstand ... I won't hold my breath - carly.newman@prudential.co.az or carly@nanotimes.co.za if our server blocks bad data. please explain your hostility? I want2know. carly
whxonix 7 months ago
@whxonix
dear carly,
youtube created the ratings disabled function for a reason. what truth are you referring to? whether i want this video to be rated is my choice. get off youtube? - what right do you have to ask me to do so may i ask?
whether i'm wasting time is firstly, debatable and secondly, what does it matter to you?
there is no hostility here - these videos correct ignorant and erroneous economic viewpoints perpetuated by people like schiff.
consider it a public service.
rgds.
SchittReport 7 months ago