work is not an end by itself , all the slaves had a job !! everybody in the Soviet union had a job ...the world is sending us all their goods and we send them dollars that are not backed by anything just pieces of paper with some ink on them , one day the world will end up figuring that out , then we will have hyperinflation and the dollar will collapse :
Can we ever get away from the deep hole we are digging ourselves each day deeper
? The answer is Yes but we should undergo a rehab and change our ways of spending and start producing and saving ..it won't be an easy therapy ...we need to let market forces do their job , we need to produce and save our way out of this mess..Recession is the cure.:
THE PETER SCHIFF BLOG : An Unofficial Tracking of Peter Schiff and The Libertarian Austrian School of Economics
PETER SCHIFF

Saturday, May 2, 2009
Subscribe to:
Post Comments (Atom)
Popular Posts This Month
-
Here are some of Peter Schiff's Quotes , Please feel free to post more , and I'll make sure to add them to this list ...let's ma...
-
by Peter Schiff Strike up the band, boys, happy days are here again! Recently released short-term economic dat...
-
Once again, someone Cenk Uygur trying to debate Peter Schiff simply lacks the finance and economics knowledge to do so . The Young Turks al...
-
Peter Schiff : We need to have a Massive Recession and Peter Schiff: Why College Tuition Is So Expensive Lessons from the Crisis: The Limits...
-
The Free Fall of the Dollar : “When the U.S. decouples, the world will thrive,” “The world doesn’t need our consumption, we need their produ...
-
Minimum Wage, Maximum Stupidity By Peter Schiff In a free market, demand is always a function of price: the higher the price, the lower the ...
-
by Peter Schiff April 17, 2009 In a speech this week summarizing his administration’s economic policies, President Obama grossly overstated ...
-
Bailouts, stimulus packages , debt piled upon debt, where will it all end? How did we get into a situation where there has never been mor...
Yes Peter, not all jobs are created equal. The goal of jobs should be productivity but it seems that throughout the years, after economic slow-downs, governments have resorted to facilitate or create unproductive jobs as a means of reducing the prospect of joblessness. Thanks to the electronic printing press, the aim is for everyone to get a pay check regardless of productivity.(Besides,don't forget, productivity is very subjective and it means different things to different people):).
ReplyDeleteSo you have the ones whose "accomplishment" is to provide easy votes-- people on welfare--they get paid. Then you have the ones who pretend to do something but produce nothing--they get a paycheck. And, of course, you have the group that makes the other two possible--the ones who produce something.
The question is: can we point the finger solely at the government for this state of affairs???