Peter Schiff debates David Epstein of Columbia University Nov 11 2009
Peter D. Schiff, president of Euro-Pacific Capital, a Connecticut-based brokerage who correctly foresaw the U.S. stock-market slide, the home mortgage meltdown and the credit crunch
Peter Schiff discusses politics, world economies, and investment strategies , Peter Schiff is Author of the Best Seller Crash Proof How to Profit From the Coming Economic Collapse
David Epstein was reduced to squirming and making faces as Peter put Kenesianism where the sun don't shine.
ReplyDeleteAt 1:05:00 - I lack the argument about central planned economy OR branch. If the central planned economy can not work in general, it can not work in particular branch as well. If goverments in eastern Europe controled 80-98 percent of capital in the whole economy, we can not think that when goverment control ONLY 50 percent through taxation, we have capitalism. This is called "intervencionism" - not capitalism.
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