Peter Schiff on Glenn Beck | Inflation | 05-28-2009
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All Comments (88)
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Glenn Beck should grow up and have Peter back on the show.
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@NoEyeInTeam No he's just got a sarcastic sense of humour. Most people watching this are thinking that this sounds insane and impossible, but the point is, it's true.
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@PissedFechtmeister Continued...You can thank Phil Gramm for the problems we've had with the derivatives market.
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@PissedFechtmeister Nonsense, of course it would fix that particular moral hazard because if the biggest financial institutions were broken up, then our government wouldn't have to bail them out if they ever were in trouble. Are you even comprehending what I'm saying?
Fannie and Freddie did take a lot of risk, but that was primarily because derivatives weren't tightly regulated during the time that they were leveraging too much. Continued...
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@PissedFechtmeister I stand corrected. You are right, & I was totally wrong. Sorry about that. It is good to get all sides, collect as much information on issues as you can in order to make the most informed decision. Agreed!
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@Bolgernow Take another look. It appears between TheRealGladiatores and ToddAllenGates. I'm also subscribed to davisfleetwood.
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@PissedFechtmeister funny TYT doesn't show up, but Alex Jones does. Shove off liar...
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@keynesian42 The free market didn't cause the problems. The moral hazards created by government interference with the market caused the problems.
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@keynesian42 The very existence of Freddie and Fannie created moral hazards. If businesses were allowed to fail, and business owners did not get personal liability protection afforded by corporate law, then the fear of losing one's own fortune would auto-regulate business.
Insults with no specifics. Neat
Totally wrong. Phil Gramm, Bush's guy who repealed The Glass Steagall Act by passing the Gramm-Leach-Bliley Act is Laffer/Supply Side/Austrian School of economics/Deregulation/Lassie Faire...
Reagan, & Bush II were the exact same economic policies. Tax cuts for the rich. How'd THAT work out? Not well
Keynesian model is FDR, JFK, some Clinton. We're back to it with Obama. If you don't like it, I could care less. "Lots of things"? Way to be specific.
Bolgernow 1 year ago 5
@PissedFechtmeister I did. He's the Austrian school of economics. I understand it, & know it very well. We had it under Bush II. Libertarian is basically Republican/Tea Party. Ron Paul, Rand Paul, are registered Republicans. Yes. Understood about the comment. No worries, just was odd since I posted it 45 months ago.
Bolgernow 1 year ago 3