Peter Schiff 2/11/09 - WNYC/NPR Radio

One of the best Schiff interviews ever. Peter talks about Ron Paul, inflation, and a possible Senate run. He says that Obama should fire everyone with "economist" in their name and hire Ron Paul to run the economy.

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[Baracheta]

Yeah! Fire them all and hire Ron Paul. But it's probably too late.

[classic7890]

oh please, Schiff predicted the CRA/Fannie Mac Housing bubble before it collapsed as did others such as Nouriel Roubini and still others:

Howard Husock

Winter 2000

The Clinton administration has turned the Community Reinvestment Act, a once-obscure and lightly enforced banking regulation law, into one of the most powerful mandates shaping American cities. $1 trillion... most of it funneled through a nationwide network of left-wing community groups

[avrilsdream]

Absolutely agree. Can those who know economics and finance please take the reins? Not those who can talk ideals, appeal to 19-year old college students and love to be filmed while behind the microphone. I think it's OK if our next president can't breakdance.

[jimmyjoe1975]

@msungs Oh, I wish I could. See, once, despite obvious flaws, I believed in this country. I currently "serve" it. I a dope who was duped. Nearly all of my assets are held in the Thrift Savings Plan, a government christened IRA. It isn't horrible, except that it is in dollars and locked in. I get out of the military in 3 yrs (can't any sooner without taking my family on the run) and then I've got military pension in dollars. I am going to do my best over the next three years. What a dope!

[msungs]

@jimmyjoe1975 I do too, every single day. I already pulled 2/3 of my entire life savings out of the US and I now live in Germany. I bought silver, gold, Euros when they are cheap and Francs. Get your money out. US is in much worse shape long term and when the other countries realize America can't pay back all the PayDay loans from China and Ben Bernanke's money press is not coming off warp speed anytime soon...then you will see the entire collapse. It's coming under ''Owe''bama's watch.

[cbronsgi]

lol couldn't agree more

[readthepaper]

By the way, I'm still curious as to how economic calculation is possible without the means of production being privately owned and freely exchanged. Maybe you can look that one up in the General Theory, although I'm sure Keynes doesn't mention it between praising printing money and going into debt.

[readthepaper]

Perhaps you should read Keynes before you claim that is not what he said. Maybe you could read the clown's magnum opus, his "General Theory" which interestingly enough in the preface for one edition even states that his plans would be easier applied to a totalitarian country. Keynes was a joke.

[readthepaper]

That's all they did was look the other way right? It's not like the FHA, Fannie, and Freddie insure what is it, 80% of all mortgages? It's not that the Fed kept expanding credit beyond the supply of savings, and it's not like they still aren't trying to prop up home prices by purchasing huge amounts of MBS.  Where would Goldman Sachs be without the Federal government? Oh yeah, bankruptcy. But it was all the markets fault.

[Antiks72]

Congrats on spending your entire life at work. sucker.

[Antiks72]

that is not what keynes taught and you know it.

[Antiks72]

Um yeah. They've looked the other way while Goldman Sachs and the other financial crooks created this housing bubble.