Peter Schiff 8/29/09 - CNN

Dan Gross (senior editor of Newsweek) states that the recession is over. Schiff disagrees, and points out that all the positive indicators are only happening because Americans are getting further in debt. If you wanted to devise a plan to destroy our economy, all youd have to do is adopt Ben Bernankes monetary policy. What weve seen in 2008 is a Sunday school picnic, compared to the disaster that the politicians are currently creating.

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[EdMan2012]

Austrian economics vs Keynesian economics

That's pretty much what it comes down to.

[jodark]

These idiots are genuinely laugh worthy. Dan Gross has no clue what he's talking about.

[disciple90633]

I think what he wanted to say at the end was..."if you can't see that, THEN YOU ARE AN IDIOT!!!!!"

Schiff for Senate 2010!!!!!

[ChrisGilliam2]

Did he really say, sans sarcasm, that our leaders are competent? Wow, is he stupid.

[redline1189]

next collapse commercial realestate, growing unemployment, more government wasted money. ya things are looking real good to me. We probably can't even pay intrest on our debt. only our total GDP

[JessicaBelle81]

They seem to think rising prices is ecomomic growth. The fed could print 100 trillion and we'd get higher prices but still not create any wealth.

[Jaycephus01]

Gross is a Keynesian moron that understands nothing.

[pythos82]

Our economy is STILL 2/3 consumpiotn and 1/3 production. In the next few years our debt will equal at or above 50% of our GDP. There are still many people who are in ARM's and they'll be adjusting again soon and the commercial real estate market is about ready to tank as bad or worse as the recent residential crash.

We are far from being in the clear.

[gutrp]

That bitch doesnt seem to just get it!

[hnraghava]

This is an awesome discussion, i respect both of them.

[AndyMH182]

WOW, this was the most loaded interview I have ever seen.