Funny you should say that: isn't that what Laffer did with real estate? (I must confess I didn't watch the video at your link, I just assumed it's the same one I've seen a dozen times--maybe someone should find one of Schiff being wrong--by your standard we should never listen to him again).
maybe someone should find one of Schiff being wrong--by your standard we should never listen to him again)
Dunno if you mean Schiff or Laffer. Schiff's "dump dollars" was premature and may turn out to be wrong, but right now I'd pay more attention to him than Laffer. Laffer, IMO, is part of the old establishment, which means he has the wrong take on the situation, as was proven in his arrogant putdown of Schiff. I don't think he's seen the light.
I can't find it on YouTube now, but Schiff had a one-hour talk before a bunch of realtors just prior to the bubble bursting. Basically, he told them they were all gonna die and gave some hilarious (to me) examples of real estate agents pushing overpriced housing on him as examples. He later said they never asked him to talk since then.