Laffer: "I don't know how to respond, he doesn't know the numbers..."
Guess what Laffer? Nobody "knows the numbers" but some people still have common sense.
I wonder if Schiff has collected the penny?
Schiff knows what he’s talking about. Surprisingly, Laffer seems not to understand the difference between real wealth and nominal wealth: more goods from higher productivity vs. higher money-prices for the same number (or fewer) goods.
bump to watch later
They understand the role of fiat money/credit in creating the 'boom-bust' cycle we are in now.
Mises predicted the Great Depression years before it hit.
OH ya all better watch out! The Ron Paul is a loon crew will be hear shortly to slime him.
I agree with Ron Paul on everything except his foriegn policy views. Ron Paul was our best overall candidate in the primarys. The ONLY TRUE conservative in the midst of a bunch of liberal hacks.
Yet he was a wacked out loon according to some on FR.
There are several other Schiff videos on youtube worth watching. One has 3-4 FOX business best hammering him a couple years best and guess who was correct?....Schiff. Ben Stein gets taken to school on one of them. He’s completely discredited IMO.
Laffer should watch this video and then jump off a building.
Here’s another one(brief clip of this video to start but then more) watch as the talking heads laugh at him
http://ca.youtube.com/watch?v=2I0QN-FYkpw
Well I don't know about that but it sure counts more than the opinions of Laffer and a number of Freepers who until September, were scoffing at and pouring scorn on anyone who suggested the US was in serious trouble. Some still are. Furthermore, this crash has been a long time in coming so I'm inclined to believe that a two year old prediction of crisis does indeed have validity. One thing I've noticed though, is that Paul's correct forecast of this crisis has earned him more, not less abuse. Strange.
Paul is not a "made for the media" construct. He reminds me of an old college professor who would show up late for class with his shirt done up on the wrong buttons and his hair in a mess. He looks kooky but he has it right, though.
The spiraling multi-trillion bailout costs + the cost of the Iraq war + our foreign energy dependence + the loss of our manufacturing base = financial ruin.
I sure do like Ron, I really had high hopes for him this election.
Ping for later
http://www.europac.net/radioshow.asp
Schiff’s weekly live radio broadcast is coming up at 8pm Eastern. I’ve been getting the podcasts, he has great insight.
I’m fascinated by the Schiff phenomenon. He got U.S. Equities and real estate spot on, but has he been right about foreign equities providing any wealth protection??
Paul is an expert in protecting the shrimp industry. I’ll give him that.
50 million government-schooled illiterates, many of them voting.
Millions of fake ACORN votes.
An entrenched kakistocracy.
Ron Paul can't get elected until there is a massive cull of the herd which raises the average IQ by about 30 points.