Peter Schiff: Stimulus Will Lead to "Unmitigated Disaster"

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  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    inmytree wrote:
    for now I've got my answer...which is "save your money so others can spend it"...

    well now it sounds like you're on about the absurdity of the situation,
    which surely is so,
    but by no fault of Schiff's or of pretentious economists.
    No, it sounds like you are taking a jab at the paradox,
    but perhaps you aren't quite aware that this sillyness only occurs because of the nature of
    fractional reserve banking
    in the first place.

    To unwind THAT ball of yarn,
    you need to "read" (audio book) the following:
    The Case Against The Fed by Murray Rothbard.

    I think you will understand a WHOLE lot more about how ridiculous The Federal Reserve system is -- and fractional reserve lending, more generally -- once you get through with that.
    It shouldn't take more than 10 hours, i don't think.
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    BTW, here is Peter Schiff on CNBC last night with Larry Kudlow.

    Good stuff.
    Check it out.
    If I was to smile and I held out my hand
    If I opened it now would you not understand?

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