Why the Meltdown Should Have Surprised No One | Peter Schiff

The 2009 Henry Hazlitt Memorial Lecture, presented by Peter Schiff. Recorded at the annual Austrian Scholars Conference, Ludwig von Mises Institute, 13 March 2009.

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News & Politics

Tags:

• Peter
• Schiff
• Recession
• Depression
• Meltdown
• Austrian
• Economics
• Henry
• Hazlitt
• Ludwig
• von
• Mises
• Institute

[frankcharles511]

Schiff should give a Ted talk, which is now stuffed with liberals.

[JinGwee]

@mike257257 that's because of the low interest rates that the Fed created. it's not free market at all when someone is manipulating interest rates

[BlindWatchman]

Amazing lecture.

[slimininin]

rofl 41:30

[evilzzzable]

Great speech, Peter!

The other vids with Schiff I would recommend are:

- Ron Paul Money Lecture (pt3)

- Peter addressing the Mortgage Brokers in 2006

[H1TMANactual]

@redbullion01 Did you just read Naomi Klein's bullshit or did you bother to read any of the rebuttals or the ACTUAL economic history? Read the 1 star reviews on amazon, I have one under the name T. John

It's called comparative advantage (go look it up). Jobs go overseas b/c the labor is cheaper i.e imported goods have lower price than you would otherwise pay if it was made here. It made be detrimental to the affected industry but is overall good for the economy.

[wiseman152439]

This is why we need Ron Paul. Get rid of the fed, bring back the gold standard, small government, true free market capitalism without bailouts or subsidization. Not to mention saving money overseas and cutting taxes.

[xMaXiMuSx]

@redbullion01

Friedman has nothing to do with free market.. He is a fraud.. I mean he is a corporate fascist.

[Jinmane]

@redbullion01 The outsourcing of jobs is due to what government has done to make hiring people too expensive. Excessive regulations and minimum wage law has artificially increased the price of labour. That's why jobs are moving abroad.

[redbullion01]

@H1TMANactual I'm no expert on Friedman but I've read Shock Doctrine. It was an experience. I'm critical of free markets because of very explicit events that occur on a yearly scale. Naturally, globalization is an outgrowth of the free market. So, how do you explain the export of American jobs abroad? Which raise unemployment rates here and leave third-worlders in slave-like conditions.

[H1TMANactual]

@redbullion01 Well socialism has completely & utterly failed everywhere it has been tried. Market socialism has worked in Scandinavian countries & to a smaller extent in Canada. Near free markets have the best track record in raising the standard of living of a society as a whole. If you're "shopping", then you have the wrong idea about economics. I'd recommend studying all 3 major schools and deciding for yourself. Dunno why anyone would hate Friedman but that should be irrelevant