Mainstay Emergency Food Rations 2400 Calorie Bars, Enriched with Vitamins & Minerals (Pack of 3)
Ron Paul economic advisor Peter Schiff schools mainstream econohacks on the Austrian School’s view of the Great Depression. For more on the Austrian School, …
Video Rating: 4 / 5
Mainstay Emergency Food Rations 2400 Calorie Bars, Enriched with Vitamins & Minerals (Pack of 3)
Think you know what caused the Great Depression. Pretty sure you are
wrong. It was not the crash of the Stock Market. It was the Government
interference that caused it, and made it worse.. This is on CNN for a
change.?
Peter Schiff kicked ass!
This was said in 2008 … has the market crashed yet?? Is Schiff only right
when the market crashes, but when it doesn’t crash he’s not wrong? lol …
We had a “free market” in the 1800s and the economy was terrible and
constantly fluctuating. The New Deal got us OUT of the Great Depression, it
didn’t cause it!
+Goby1049 Then how do you explain the depression of 1920-21 that happened
with extremely minimal government intervention that lasted only one year?
The market was allowed to regulate itself and correct inflation. The New
Deal prolonged the great depression due to the flaws of Kaynesian
economics.?
the free market is totalitarian?
They were! Peter Schiff was Ron Pauls financial adviser when Paul ran in
2008
Keynesians shut the fuck up!!!!!
Everybody loves a good theory, and good theories sell, that’s why Rothbard
could reduce a rather complex issue and sell it to dumb public. But the
truth is no one really understands all the interactions, synergies and
complexities involved in the Great Depression. They may grasp some, but not
all. If it was so easy why couldn’t anyone predict this present
depression?!!
fastfreddy916 – I would not say they save lives , they distroy lives , and
create hate . That is what many people say where USA military bases are
present.
The book is insightful but doesn’t explain everything. If the Great
Depression was so easy to understand, then the present 2008 depression
would have been predicted. So learn but don’t be in awe, nobody really
knows the truth about Depressions. That’s why we are so helpless in the
face of them.
This is just starting to be funny,,, they are still listening to people
like Mike Norman,,, my gosh!
Loyal2Liberty, I couldn’t agree more. Sorry if I didn’t make my point more
clearly. The government certainly distorted the natural balance of the
marketplace, like it always does. My point was, rezoning agricultural land
and issuing residential building permits is an enormous revenue producer.
The low interest rates and “creative” financing was nessesary to keep that
spigot running. Whether you believe they created the dangerous financing or
just failed to protect us from WallStreet, we pay 4evr
I doubt most of you guys don’t understand 20% of what is being discussed.
But there’s gotta be a winner and a loser, right?! Even on complex issues
that no one really understands fully… Go couch potato economists!!
That was great having Mike Norman in at the end. That guy has no clue about
anything. I hear he reacently left Fox news to persue Basket Weaving
@enomarekim Well Keynes was brilliant, but he didnt intend his ideas to be
no where near the scale its put into practice today, he would be angered by
what his ideas have come to today (paraphrasing Milton Friedman)
well, hwat he says is very fundamental… and it is indeed silly to hear
how theo thers “dont get it” but then again. US is a country riddled with
‘patriotic proganda and ignorance’ .. however as much as he is a great
analyst, he is rather non sequituir in implementation of solutions. I can
listen to him analyse what is happening, but I don’t think I would listen
to him much when it comes to what to do about it.
@aviomaster, Im just curious…do you really believe that? the real
education starts after school.
ductions for interest on loans. And, to top it all off, we wonder why we
are no linger a nation of savers and investors. When u penalize savings and
investment and subsidize spending and borrowing (through the tax code),
what do people expect? Those who can’t figure this out are morons – AND
LIBERALS CANT FIGURE THIS OUT…do the math!
..a complex adaptive system is a system that is made up of intelligent,
unpredictable parts, that can adapt to circumstances in real time and in
unpredictable ways. So the Austrian school is reductionist it simplifies a
rather complex phenomenon. No one fully understands depressions and while I
admire Peter Schiff grasp of fundamentals, he cannot possibly say what is
going to happen in the next 10yrs. Are we in the decline towards a Great
Depression, or have we bottomed out? No one knows.
I would say Ludwig von Mises most represents the Austrian school of
economics. @stephen Momentum of what from washington would have pulled us
out of this hole? More bills and bail outs written by crony corp. lobbyist?
We have not hit the 1920s low thanks to the feds liquidity program wich
only buys some time while feeding the bubble. If you term free markets as
totalitarian, what would you call an economy controlled and regulated by a
government and their special interest backers?
You have to ask yourself, if the New Deal didn’t work, why are people still
behaving as though it did? Follow the money. Someone got very rich off
those policies and that’s why they’re still in use today. They can say it’s
about saving jobs all they want, but the stats don’t comply. It’s about
redistribution of wealth, from the middle class to the upper class.
Peter Schiff is fricken smart. The dumb asses can’t hang with him.
Thats why you have to cut spending and reduce the size of government and it
can be possible. This wouldn’t be an overnight change, but If you cut
spending in the big areas (defense,Healthcare,Military,etc.) you could save
billions on how much you’d have to borrow from foreign countries. It’d be
along road to walk, but its is doable. Austrian Economics is all about
bursting bubbles and establishing sound currency.
Peter thinks USA goverment will go bankrupt … That is essentialy true ..
But what will happen before that …. ——- WAR ——– Iraq Afganistan
it will expand to … Iran NKorea you name it ,.,… USA is new fascist
state. Russia and China have Nukes so It will be difficult to bomb Beijing
or Moscow But fascists are like Pitt Bull terriers they will attack any
animal in the wild. Bear and Dragon will tear it apart.
Peter Schiff and Ron Paul are definitely my current-day intellectual
heroes.