Quote:
Originally Posted by Bill8
Schiff has a lot of good points. His critiques aren't bad.
but it's not clear to me what his overall plan to address the fundamental transformation of the US economy actually is, or would be.
i guess it would be a "full laissez faire" plan - the only way to keep the managed economies from cleaning our clocks is by completely "unmanaging" american business.
which fails to explain why the managed economies are winning against the least managed economy in the top twenty nations, but what the hell right, you have to admit it sounds good, beat the socialist economies by unleashing business, and let the corporations run free.
i don't think most economists would agree that Schiff is an economist. but economists have been wrong about everything that happened these past few years, so maybe Schiff is the economist, and the others who failed to predict the contraction are a bunch of stooges.
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Schiff would argue that the least managed economy has the worst organization in the world, the FED, which is responsible for most of the recessions/depressions of the 20th century. It's responsible for the financial/housing bubbles as well.