dollar, bond bubble, stimulus, krugman
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Krugman is a Nobel prize winning nitwit.
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HOLY SHIT!
Hard to argue with anything said in this video since late in it HE ACCURATELY predicts "Bipartisanship" in our government.....eg....the most recent tax bill....!
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The problem with stimulus isn't that it doesn't bootst the economy, it can...
the problem is the benefits are cancelled out by opportunity cost. That results from only looking at the spillover benefit aspect of public works and not weighing it against the unintended opportunity cost. Furthermore stimulus is UNSUSTAINABLE. Schiff is right. We have to borrow or print and we can't borrow anymore or print anymore.
Of cours history will not mention that is why we stopped the stimulus.
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@tom6612 wtf?
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How long is it going to take for people to understand something as simple as the broken window fallacy? This should really be common sense. Destroying things does not help anyone. Whether it's burning crops, wasting steel on sunken ships, or breaking windows... it helps NO ONE. Only the Austrian School is in touch with reality. Schiff, you're the man. Keep up the good work.
1 year ago 4
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@kowalityjesus He's wicked bad ass. Too bad you have to a liar to win an election.
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Maybe Mike would be a little more courteous if Erin weren't yelling "Mike! Mike! Mike!" every time he tries to make his point.
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Thank you for the lucid commentary Mr. Schiff - the sane Americans have to be louder than the insane ones, if for no other reason than because we can't have the rest of the world think we are all crazy. I know you aren't necessarily picking on Paul Krugman, but has he ever responded to you directly? It would be really great television to see you guys discuss things.
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Dead on correct video, thanks Peter
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@tom6612 Really? High school kids knew that? I hope those High School kids are millionaires now from shorting the housing market? Your the one that makes no sense. Everything he says is common sense man, its everyone else who has been brainwashed and scared into believing government is the solution for everything. I believe the U.S.A. is great DESPITE the government not BECAUSE OF IT.
kickndave21 1 year ago 8
it is beyond all scope of reason how much you kick ass, Peter Schiff.
kowalityjesus 1 year ago 5