Peter Schiff : let s have everybody on Unemployment Benefits if this is how we think we can stimulate the Economy

Schiff report video blog March 9th 2010

Peter Schiff goes into details about the unemployment benefit and the moral hazards of paying people for long periods without having them to work , unlike what some people believe that giving money to the unemployed helps the economy cause they spend it all , if this was true says Peter Schiff then let's give an unemployment cheque to everybody let's double it or triple it ...the whole thing is a nonsense explains Peter Schiff , having people collecting unemployment cheques and enjoying the added leisure is immoral and undermines the economy....

Peter David Schiff, president of Euro-Pacific Capital, is a Connecticut-based brokerage firm have correctly predicted the U.S. stock-market collapse , the home mortgage meltdown and the credit crunch .
Peter Schiff discusses politics, world economies, and investment strategies and is now running for a Senate Seat in his native Connecticut , Peter Schiff is Author of the Best Seller Crash Proof How to Profit From the Coming Economic Collapse