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  • Peter Schiff: The stimulus will bring about economic Armageddon

    02/06/2009 12:26:11 PM PST · by Free ThinkerNY · 24 replies · 2,092+ views
    hotair.com ^ | Feb. 6, 2009 | Allahpundit
    A new communique from the man who saw it all coming, warning us to prepare for Weimar II. If ever you wanted an illustration of just how inexact a “science” economics is, watch this clip back to back with The One’s assurances last night (at roughly 4:20 here) that the stimulus is the only way to avoid Armageddon. How much good has 75 years of data done us? From the NYT’s front-pager this morning on Japan’s experiment, this much: Economists tend to divide into two camps on the question of Japan’s infrastructure spending: those, many of them Americans like Mr....