Peter Schiff talks about the 2011 Nobel Laureates in Economics

WATCH FULL PRESS CONFERENCE: http://www.youtube.com/watch?v=bVIOClT4Rws

2011 Nobel Prize for Economics was awarded jointly to Thomas J. Sargent and Christopher A. Sims "for their empirical research on cause and effect in the macroeconomy"

Schiff Radio:
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[2011-10-14]

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[halflifeproductionz]

liberal morons!

[Aphoresis]

@Spjungen

Yep, I agree. It's common sense that alludes many modern academics, and without common sense intellectual knowledge is useless.

[Aphoresis]

@Spjungen

Only Utopians or people with Malignant ideologies hate this country (and there is Libertarian Utopianism just s there is Liberal Utopianism).

[Spjungen]

god they are so full of shit....this is academia. These are who we call the smart people...these are the people we give nobel prizes...these are the people in washington...

god I hate this country. I really hate it so much...

[Spjungen]

@Aphoresis And if you look at it realistically, with a clear mind and knowledge of what's REALLY going on it wasn't that hard to predict either; debt leads to uncertainty, which leads to loss of confidence, which leads to short-selling, which leads to a market crash, which leads to a recession. Simple as that.

[Aphoresis]

@woweifj Mega put it well.

Words and theories are nice but In the end knowledge is about results.

Schiff doesn't have to post a response rambling on about the theoretical constructs you refer to, he did what they could not: he predicted the Economic Crisis.

[megatherium100]

@woweifj Goverments all over the world have been listening and applaying the economic prescriptions of Nobel prize laureates for decades. You just have to look around and see the economy to know how smart this people really were.

[jtk51390]

Peter Schiff, we are all waiting for your Nobel Prize in Economics for accurate predictions of hyperinflation and broader U.S. economic performance.

[FarewellThoreau]

@intrigid Did we just become best friends? :)