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Maybe Peter Schiff believes the earth is flat, too!

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Uploaded by on Sep 1, 2009

Peter Schiff says that Japan and China "subsidize" us. Our consumption of their goods is no more a subsidy than Starbuck's sale of coffee is a subsidy to its customers. If consumers decided to stop purchasing drinks from Starbucks they'd go out of business and if Americans stopped buying goods from Japan and China those nations would be out of business too. So, who is subidizing whom? Schiff's comments are irresponsible and flat out ignorant. Maybe he still believes the earth is flat!

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Education

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