Peter Schiff vs. Cornell West on CNN's Anderson Cooper 360

"If they really want a bright future for this country, it's capitalism that will provide it, not government."

That's what Peter Schiff told Princeton University Professor Cornell West last night in a heated debate on CNN's Anderson Cooper 360. They were discussing Schiff's recent Reason.tv appearance, in which he engaged protestors at Occupy Wall Street with a sign that read, "I Am the 1%, Let's Talk." Air Date: October 27, 2011.

Here's the original video: http://www.youtube.com/watch?v=UGL-Ex1CD1c

Approximately 9.35 minutes.

Go to Reason.tv for HD, iPod and audio versions of this video and subscribe to Reason.tv's Youtube channel to receive automatic notification when new material goes live.

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[VassiliZaitsev12]

Accordingly, child labor laws, and 40 hour work weeks are anti free market. Free market has no laws about children working, or how many hours you work.

[VassiliZaitsev12]

Man Peter Schiff got spanked in this debate.

[xerakis]

that this guy west, jackson and fat al sharpton have found a way to shake down the White Man for so long in this country is pathetic and shows the debilitating effects of liberalism on a once great nation. They are simply clowns who belong on the corner shucking and jiving selling crack. What does this idiot have a degree in any way that he calls himself Doctor and how embarrassing must it be for Princeton grads to know he is a professor there. LMAO!!! LOL Patheic!!1

[toledoua]

West, Is absolutely right.

[retroillumination]

Schiff won that argument pretty easily.

[TankSwift]

@ruralpsycedelia

I'm not "suggesting" anything outside of what is already is said that's shown in this video.

That would be you "insinuating", otherwise putting words in my mouth, a very basic statement as "West doesn't debate Austrians".

"they don't even use"

Who is this "they", be specific.

[sadol11]

@ruralpsycedelia yeah sure and modern economists use the rational choice model which is worse than using anyone!!!!

[ruralpsycedelia]

@TankSwift whats interesting is that youre suggesting that anyone involved in the austrian school of economics possesses any modicum of theoretical sophistication. For god sake, they don't even use mathematics, statistics, or experimentation to support or disprove hypotheses

[fuzzwuzz29]

@jaeknyc the "black guy" is an esteemed professor at princeton university and a civil rights activist. he grew up in a wealthy family. he knows an incredibly vast amount about the market, how it works, and it's ramifications on poorer people who do not benefit from the glorified free-market system. both Dr. West and Mr. Schiff have good things to say, don't assume that "the black guy" is simply poorer and does't know anything. that's just ignorant

[jaeknyc]

Schiff is talking about sound money and how the fed is manipulating the market with artificially low interest rates. The black guy is in a lower class so hes talking about workers conditions like working on the weekend because he comes from the working class and doesnt know anything about the market to begin with