Head & Shoulders top, second stimulus & minimum wage hike

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Category:

News & Politics

Tags:

• Peter Schiff
• schiffreport
• second stimulous
• TARP
• Obama
• minimum wage
• economy
• economic crash
• gold
• silver
• fraud

[BarrySlisk]

Oh dear *sigh*

No he is not a traitor. Your government is. They made the low skilled jobs too expensive with min wage. And all other jobs too expensive because of taxes. He is just reacting to incentives created by the government. Besides I'm sure you buy electronics and stuff made in China. Are you a traitor too then?

Idiot!

[micbaca]

If you want to see what schiff would look like in office, look at Ron Paul. They are pretty much the same person. In regards to your point about what he would change, I am betting he would do more "exposing" than changing, and in the end, that will lead to change.

[Knowlesmil89]

If a company can "hardly afford to keep the employees it has now, let alone give a raise" then the proprietors of that enterprise (read: the same people who became wealthy off of the business' success) should take a pay cut since THEIR business went south. These "innovators" chose to make their money through risk and free market. The cashier and the waitress didn't sign up for that. If the business fails, man up, keep the pink-slips locked in your desk, and pay people what they can live off of.

[TWSceptic]

It's incredible how relevant this is what he says about stimulus, not just in the US but in any country. For example we've had these stimulus in Belgium for more green energy by the socialist party. Now a few years later we're seeing the results: energy is more expensive, it did not help the middle class, and it didn't give green energy a better reputation because of that. Instead of letting the market take care of it, they screwed up and now we're in a situation that is worse than it was before

[exitiummagnum]

Maybe the first time Peter if wrong about Dow, lol.

[SDS4BO]

@nezpercenathan You're also a naive socialist, probably paid to blog in your underwear from your mom's basement.

[SDS4BO]

@nezpercenathan You're nuts.

[Nellsing]

@nezpercenathan Austrians hate math in economics, at least in general. They do not abhor the concept in itself, but in practice many economists and economic schools are rather mathematically reductionist at horrible expens, which result in fallacy. Also, Austrians do not abhor empiricism, but they abhor how many economists and economic schools treat historical data as though necessarily implying causality. Austrians hold to the fact that causality can only be drawn thru synthetic a priori means.

[Nellsing]

@nezpercenathan The minimum wage is based on the fallacy that $7.65 is more important than the value of those $7.65 in the market place. Value in dollars is brought up by increased REAL (as in, in line with actual demand) wealth production. Living standards for society as a whole holds more importance than economic classes (which in my opinion will never be dissolved); economic classes only have importance when they're exasperated by political class.

[Nellsing]

@nezpercenathan The minimum wage law is a LAW. Regardless of expenditures, the State restrains low-paying jobs from developing in the market via those expenditures. The expenditures will be restrained to affecting only those higher-paying jobs. And by low-paying and higher-paying I speak in terms of the minimum wage. Also, purchasing power is more important then units of currency. I can earn $7.65 an hour and it loses 95% of its value because of inflation and restraints on production.

[Nellsing]

@nezpercenathan Did you check other factors? The minimum wage is not in isolation.