Peter Schiff Schools Another Harvard Grad on Austrian Economics And Calls The Housing Bubble in 2006
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@leyaaha uation. anyways you buy a house in one state and the housing market goes up, you didn't make money. It adjusted. the only way you made actual money (think real gdp for the house), then you made nothing if you buy in that same economy
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@leyaaha EXACTLY!!! I know the economic jargon and the biggest "win" for Peter was the housing prices... You can't look at your house as equity! it's simple. every state has different economies but income, housing, etc adjusts except corporate goods and services, but that is left out of the eq
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at 6:31 this man is a prophet :O
'cause he knows the facts :)
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BTW notice how this idiot keynesian is always arrogantly smiling with his smug face, that's also typical for them. If you ever see them do that you know they're full of it.
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@leyaaha That's typical for keynesians, they always look at the economy from what they see in short term (positive statistics, data) while Austrians look at it with an actual proven theory that explains the complete picture.
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@TheReapersSon I believe Milton Friedman once alluded to why so-called Keynsianism is popular. It presents politicians with an academic argument to spend more, something that they would like to be able to do, to offer their constituents more.
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Debt ceiling up from $9tr in 2006 to $15tr so far.
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@leyaaha so true and well said!
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Let history decide the argument: Charles Biderman is wrong (and arrogant/annoying as hell). Trim Tabs Investment Research should be ostracized and that Charles Biderman a-hole should not be allowed to touch anyone's money or act as an expert commentator in any place ever! What a fool. Harvard produces idiots.
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Why the fuck is Keynsianism so popular? I'm not even well-educated on economics and even I can tell that the only system that seems to make sense is the Austrian one.
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I love how Peter Schiff uses the simplest language and tries to explain everything in laymans terms whereas the other guy instantly drifts into economic jargon and is unable to simplify it at all. Schiff wants his ideas to come through whereas the other guy just wants to sound like he knows more.
leyaaha 3 weeks ago 21
Peter Schiff is very intelligent. Wow. And most of what he says is just common sense.
jneil2007 3 weeks ago 15