Peter Schiff - Austrian Economist
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All Comments (112)
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There are examples of that.
Ghengis Kahn brought a lot of welfare to the his people, but that's nowhere near comparable to today's situation.
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war does stimulate economy hence ww2. The problem become innovation, this is where we have fallen short for years.
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Arnold Schwarzenegger is the best austrian economist .
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What is he talking about? Where do you get the money from? More earthquakes and tornadoes!!!!!!!!!!!!!!!!!!!!!
!! Hell yeaaaaaaaaaaaaaaahhhhhhhhhhhhh hhhhhhhhh -
Great, debate an economist when you don't understand opportunity cost.
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Simple. If it has to be rebuilt, someone has to pay for it. Keyword "PAY" meaning there is spening involved. The black guy didnt say it was good to have terrorist attacks. He said workers get paid to do their job
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@jnoort lol great for wallstreet bad for us
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@scott715 The fact the moron is still on the network is beyond me. He should be fired. Has no cred at all.
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@ 2:31 You misspelled "spending."
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@zombiefitnezz That's because the crowding out haven't happend yet. Since borrowing was used to finance this spending the crowding out will take place in the future. You got to watch the economy as a time series, not as a cross section.
was the black guy just trying to argue that war/destruction can be healthy for the economy...? I basically can't believe my ears.
jnoort 2 years ago 51
Charles actually believes 100% in the broken window fallacy. What a fucking moron.
scott715 2 years ago 50