Abirch300

Four Reasons Peter Schiff Is Wrong

Ok...just another example of how our public education system has indoctrinated people with revisionist history. Hoover was in interventionist. FDR was even worse, and Keynes was a moron who believed you can make something at of nothing (which the Fed does all the time thus causing our problems.)

think about it. If you were sitting at a bar on Friday night and told the guys your plan to get out of debt and become solvent was to borrow and spend more money, they'd laugh you right out of the joint.

Peter Schiff isn't God, but he has a lot of common sense. I recommend reading "Meltdown" by Thomas Woods. I don't think he's right about everything...the macro economy has way too many variables, but he sure makes a hell of a lot more sense than Bush and Obama with their damn stimulus (welfare expanding) programs.

Finally, regardless of economic outcomes, what makes it morally right for the government to steal from me and my grandchildren? To serve the greater good? If it did so than maybe I'd be ok with it. But most of the money gov't steals gets eaten up in beaurocracies. Private charities are much better and more efficient. And here's a novel idea...how about letting good old supply and demand determine where resources should be allocated instead of propping up failed businesses and building bridges to nowhere?

I understand that letting things take their natural course is painful...my own brother in law is out of work and my sister is pregnant with their 10th child. But short term pain is much less damaging in the long run than dragging out the inevitable.

by the way, research the depression of 1920-21. It only lasted a year or so because the government didn't get its damn hands in it so much. The great depression lasted 14-15 years (no, world war ii didn't end it contrary to the revisionist history taught in public schools.) If war ended recessions than I'd say we should be doing pretty well right now (about a cool trillion has been spent so far on Iraq last I heard) It's easy to say unemployment went down when 29 percent of the male population was in the military.

"Government is like a prostate. The bigger it gets, the less it works."