3/9/2009 Part 1/2 Peter Schiff On The Kudlow Report: The Buffett Way

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News & Politics

Tags:

• Peter
• Schiff
• Art
• Laffer
• Steve
• Forbes
• Barrack
• Obama
• Kudlow
• Hyperinflation
• Depression
• Gold
• Marc
• Faber
• Jim
• Rogers
• Ron
• Paul

[AFRIKTODAY]

Keynesian economics is the greatest fallacy of all time. Keynes was a socialist and an admirer of fascism. i wouldn't go any further!! Get the government out of the economy, out of the monetary policies and let people be responsible for they decisions. Capitalism is the winner in this crisis and socialism is losing once more. Tell Obama to read "Human action". It is not the duty of the government to intervene in anyway in the economic life of a nation. Keynes suck ass and has always.

[novawolverine]

Schiff said "Yes, but not right now." How does he "lose a point" for saying that? That explicitly means don't be a long term bull in American stocks *right now*. We probably will rebound, when? Who knows.

[emoweixian]

@FarFromEquilibrium may i noe why? as in i probably don't know something you seem to know about him that would change my mind about whether he is indeed a dumbass

[FarFromEquilibrium]

@emoweixian I'm not calling him unsuccesful, Im just calling him a dumbass.

[emoweixian]

@FarFromEquilibrium no he isn't., in the long term america will recover once they realise that they need to end the FED and stop corrupt politicians from bailing out their greedy banker cronies in the pretense of saving the economy (when their deliberate negligence in regulation and easy credit fueled the inevitable burst of a bubble in the first place). It might take years for Americans to learn but someday they will. Warren Buffett just won't be alive by then...

[pepsimannampepsi]

yes but............"we got to stop borrowing so much money from abroad"

[99cachorro]

yes but....borrowing now is the loss of future consumption, and worse days in the future

[tillo2008]

art claimed 9 months statute of limitations. on a penny!

[madhuradi]

Keynesian economics says "to get human emotion out of money and to smoothen the business cycle- authority should save during boom times and spend during busts to counterplay the herd mentalty of 'buying in boom and selling in bust'.

govts never save during the boom and want to spend during bust....naturally they run into deficits!

[cerberus662]

dis-info lol.....let me guess its all a big conspiracy, get the tin foil out....quick!

[MooseOfReason]

tdot22, What the hell are you talking about?