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Published on Nov 7, 2012
You Can't Fix Stupid, But You Can Buy It For $8 Billion The Peter Schiff Show (11/7/2012) The founding fathers warned us years ago about the dangers inherent in democracy. They considered democracy to be tyranny of the majority. In fact, they actually referred to democracy as "mobocracry." That is why they established the United States as a Republic. The Constitution guarantees to each state in the union a Republican form of government, and contains all sorts of safeguards to protect us from the evils of democracy. Unfortunately over the years, little by little, those safeguards have been torn down. The result has been every bit as disastrous as the founders feared.