Economist Pete Schiff Announces Run Against Chris Dodd

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[chainzdown2dadik]

well"? for the most part these regulations have chased companies over seas and made it difficult for remaining companies to compete with foreign companies in their own market. the fda for the most part are mere co-conspirators for corporate farms and drug companies to supply dangerous food and drugs to americans. japan's lost decade is due to repeated "stimulus" packages, a keynsian proposal. the economic crises in our economy has nothing to do with deregulation, but do to an unsustainable...

[chainzdown2dadik]

you're the one spreading lies about economic theory, not me. adam smith did not say markets "needed" an invisible hand, he described an invisible hand that guided economic growth. that invisible hand is human ingenuity and common sense, not the government. the argument for ending the fed has nothing to do anything prior to 1913 but the damage the fed has done since its creation and even woodrow wilson expressed regret for signing it in to law. and what government regulations "work quite...

[villanova85]

this is why Dodd is Leaving!!!!

[CliveSinclairZX]

good luck peter. we need more people like you in the government.

[diffidatio]

Yes, that's what we need: a market fundamentalist who cares only about deregulation... which is the same ideology that got us into this mess! The train wreck in slow motion is his philosophy! Who cares if he predicted the crisis... the crisis was created by his fellow de-regulation nutjobs! OF COURSE it lead to a crisis - millions of people predicted that!

[7jerryv7]

One thing about the FED pumping money into the system - Gold Standard. Did not happen in the early 20th Century.

[michaelpshipley1]

the cause of the recession both 1929 and now was the federal reserve pumping too much money into the economy previously, allowing people to borrow too much. the depression, in the 1930s as well as the one we are going to experience now, was caused by government trying to get us out of recession by interfering with the economy. we need less regulation (the fed regulating money supply and credit rates) .

[MooseOfReason]

Actually, at 1:20, he says, "I have decided [...]"

That's a yes.

[wns513]

Schiff can't respond 'Yes" to the news casters inquiring of him running for Senate.

[7jerryv7]

Fear sometimes contains greed. At other times greed overshadows everything.

The causes, in general, behind the Great Depression were the same as the causes of this recession. In short people viewed the stock market in the 1920's as gambling. However, the game was rigged. The rich, suh as Morgan, could not bail out the system.

The same was true with deravatives (gambling) based on year 2000 deregulation. Luckily the government bailed the system out.

Regulation is needed.

[michaelpshipley1]

yes i agree, but no one can eliminate greed. certainly not the government. it was greedy government officials who created the federal reserve and fannie and freddy, the cause of the housing market collapse.

the solution isnt to regulate out greed, you cant. the solution is to contain greed within the free market by restoring risk. no more bailouts, no guarantees. fear will contain the greed.

[classicallady]

Well you have a point here but I believe as we have a more socialist structure - and that's why every body here have been yelling bloody murder - the government interferes when the big sharks want to screw the people. It's more intrusive yet we have more freedom per se . Cheers