Peter Schiff & Steven Keen on Dateline - Part 1/2

Episode of "Dateline" which deals with the bailing out of Freddie Mac and Fannie Mae. Aired in Australia on 10 September 2008.

Category:

Education

Tags:

• Freddie
• Mac
• Fannie
• Mae
• Peter
• Schiff
• Steven
• Keen

[eyewitness043]

Go back and watch schiff from 2006 until now.

Make note of all the people who treated him like an idiot.

Not to mention this man was RP financial advisor and the american people laughed Ron paul off the stage.

The bible says that when god walks the earth man will not recognize him.

I'm aint saying schiff is God, but he tells the truth. And the truth is what people do not know.

[KruZer7]

A Post-Keynesian and an Austrian in agreement.

[DTommy12345]

ron paul peter schiff 2012!!

[juujuuuujj]

Brilliant argument by Steve Keen - Australia and other countries have the same debt bubbles, but without Fannie and Freddie to serve as a superficial explanation. It's not some vague idea of "socialism" that causes a debt bubble, it's Corporatism. It's corporations that push for securitization of loans and deregulation.

[australiandownunder]

any idiot could have predicted this housing crisis ,because people loaded up with debt as far as the eye could see.

the media was also a major contributor to this crisis, advertising the boom hyping people to get in not to miss out.People pyramid built by buying 10- 15 propeties in one hit like the world was going to end.

Peter and Steven are 110% correct in saying that the economy will be in a huge problem for many yrs to come ,until debt levels come back to a more reasonable level.

[Hyperchiller]

the people who treated Schiff as an idiot are complete tool bags. Schiff is very courageous for speaking out what he thinks is true. All the others are wimps

[zoltron30]

ron paul peter schiff jim rogers

[void24601]

Have a look at the Ludwig von Mises Institute website. There is an article on the site called 'Economic Depressions: Their Cause and Cure' by Murray Rothbard, it explains the Austrian theory of the Business Cycle.

Unfortunately people like Peter Schiff and Ron Paul are probably right. I believe there will be some very hard economic times in the coming years.

[prmd142]

Welcome to USSA: United Socialist States of America

[Sunamc]

please specify. It is the 'new-keynesian' and 'neo-classical schools' which represent mainstream economics atm.

Btw I said this in the other comment you made. There is yet to be a unifying theory for economics and for the business cycle. The Austrian Business Cycle has it's own problems, like every other school.

[formulaprimer]

the Keynesians are proven to be a melt down philosophy economics. Who ever explains it different are in denial. Schiff and Ron Paul are in the time tested Austrian Business Cycle Theory