Replies

I'd love to see Sarah Palin develop a working relationship with Laffer.

I would prefer she keep MILES away from this guy. Nobody is right all the time, but Laffer was so spectacularly wrong when he bet a penny that Peter Schiff was wrong when he predicted the real estate collapse in 2006/2007. If you haven't seen it, check out this YouTube between 53 seconds and 1:53 of the 8-minute montage.

A month or so ago I saw Laffer on a talk show promoting his latest book and when the host asked him about that miscall, he said, "That's why I only bet a penny". Too glib for my taste, for he reality he admits he's full of crap.

13 posted on 09/25/2009 9:10:21 AM PDT by Oatka ("A society of sheep must in time beget a government of wolves." Â–Bertrand de Jouvenel)

Schiff was right, but then he recommended his clients buy foreign currencies, foreign stocks and commodities. They were crushed when the dollar soared and commodities tanked.

14 posted on 09/25/2009 9:52:05 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)

Schiff is predicting that gold will hit $5000 per ounce. Maybe if he's wrong, Laffer can rub his face in it.

16 posted on 09/25/2009 5:08:35 PM PDT by 1rudeboy

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