Video: On the economy and stimulus -- Aired Aug. 25, 2010
Great clip. Schiff is outstanding when it comes to discussion of Keynes and stimulus.
Update from Henry Blodget:
Dylan Ratigan was kind enough to have me and Peter Schiff on his show yesterday.
Dylan set the stage and then put the question on the table: What the heck is wrong with the economy?
My answer: Too much debt, too many houses.
Peter's answer: Absurd drug-addict-like stimulus hastening bankruptcy of already bankrupt country.
Dylan's answer: Banksters.
Regardless of the specific cause, there was one thing we all agreed on: It's going to be a long, slow, austere return to living within our collective means.
You gotta see this one:
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Screenshot
Don't miss the Larry Summers joke in the first 30 seconds. This is a phenomenal clip.